Good morning. Happy Wednesday. The Asian/Pacific markets closed mixed. Taiwan, Indonesia and Singapore closed up; Hong Kong, Australia and India closed down. Europe is currently mostly up, but with the exception of Greece, which is up 4.2%, gains and losses are on the smaller side. Germany, France, Italy, Amsterdam, Norway and Prague are posting the […]
Before the Open (Nov 18)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mixed. Japan rallied 2.2%; South Korea, Indonesia and Singapore also did well. Hong Kong and China were noticeably losers. Europe is currently up across-the-board. Greece is up more than 2%; Spain, Italy, Germany, Austria, Belgium and Russia are up more than 1%. Futures here in the States […]
Using Put/Call Open-Interest to Predict the Rest of the Week
Options expire this Friday, so let’s take a look at the open-interest on SPY, QQQ and IWM to see if they hint at movement the rest of the week. Here’s the theory: the market conspires to cause the most pain, to cause the most number of people to lose the most amount of money. If […]
Before the Open (Nov 17)
Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets closed with a lean to the downside. Japan dropped nearly 3%, followed by Hong Kong (down 1.2%), Taiwan (down 1.1%), Singapore (down 0.8%) and Australia (down 0.7%). India and New Zealand closed up. Europe is currently mixed; gains and losses are on […]
VIDEO: Four Charts That Make Me Pause
In this video I cover four charts that are concerning in the near term. Overall I continue to like the market, but in the near term there is reason to believe we have a mini correction coming.
Before the Open (Nov 14)
Good morning. Happy Friday. The Asian/Pacific markets closed mostly up, but gains were small. Japan, India, New Zealand, Hong Kong and Singapore led. South Korea and China dropped. Europe currently leans to the downside. Greece and Norway are posting decent gains; Stockholm, Switzerland, Prague and Germany are down. Futures here in the States point towards […]
Before the Open (Nov 13)
Good morning. Happy Thursday. The Asian/Pacific markets closed mixed. Japan, Hong Kong, Singapore and Taiwan moved up; China, Australia, New Zealand and South Korea moved down. Europe is currently mixed. Germany, Belgium, Stockholm and Switzerland are up; France, Italy, Spain, Norway, Prague and Russia are down. Futures here in the States point towards an up […]
Before the Open (Nov 12)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mixed. China rallied 1%, followed by Hong Kong (up 0.55%) and Japan (up 0.43%). Taiwan dropped 1.28%, followed by Australia (down 0.93%) and Malaysia (down 0.49%). Europe is currently down across-the-board. Spain is down more than 2%; Italy, Prague, Germany and France are down more than 1%; […]
Before the Open (Nov 11)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mixed, but with the exception of a couple markets (Japan up 2.05%, Indonesia up 1.35%, New Zealand up 0.37%), gains and losses were small. Europe is currently mostly up. Spain is up 1.4%, followed by Italy (up 1.3%), Russia and France (up 0.7%) and Austria (up 0.5%). […]
Before the Open (Nov 10)
Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets closed with a lean to the upside. China rallied 2.3%, Taiwan 1.5% and South Korea and New Zealand 0.95%. Japan dropped 0.6%. Europe is currently mostly up. Norway is up 1.2%, followed by Russia (up 0.9%), Austria (up 0.7%) and London, Prague […]