Good morning. Happy Thursday. The Asian/Pacific markets got hit hard. Indonesia is down 3.7%; Australia, China, Hong Kong, India, Singapore and South Korea are down 2% or more; Japan, New Zealand and Taiwan are down more than 1%. Europe is currently down across the board. Greece is down 3.6%; France, Germany, Stockholm, London, Spain and […]
Before the Open (Jun 19)
Good morning. Happy Wednesday. Happy Fed Day. The Asian/Pacific markets closed mixed and with a bearish bias. Japan rallied 1.7%, Australia 1%. Hong Kong dropped 1.1% while China and Indonesia dropped 0.7%. Europe is currently trading mixed and with a slightly bearish bias. France, Norway and Spain are down 0.7% or more. Futures here in […]
Before the Open (Jun 18)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mostly up. Indonesia, Singapore and South Korea led the way. Europe is currently mixed. Greece is up 2.7%; otherwise there are no big winners or losers. Futures here in the States point towards a flat open for the cash market.
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, DIA, 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. […]
Before the Open (Jun 17)
Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets closed mostly up. Japan rallied 2.7%, and Hong Kong moved up 1.2%. Europe is currently mostly up. Greece is down 2.4% while Switzterland, Amsterdam, Germany, Spain and France are up more than 1%. Futures here in the States point towards a big […]
VIDEO: State of the Market
In this video I check out the S&P and a couple indicators in an attempt to make sense of what’s going on out there.
Before the Open (Jun 14)
Good morning. Happy Friday. The Asian/Pacific markets closed up across-the-board. Indonesia rallied better than 3%; Australia, India, Malaysia, Japan and Singapore move up 1% or more. Europe is currently mostly up. Austria, Belgium and Greece are leading the way. Futures here in the States point towards a slightly down open for the cash market.
Before the Open (Jun 13)
Good morning. Happy Thursday. The Asian/Pacific markets closed down across-the-board. Japan dropped more than 6%; China, Hong Kong and Taiwan dropped more than 2%; Indonesia, Malaysia and South Korea dropped more than 1%. Europe is currently down across-the-board. Belgium, Germany, Stockholm, Switzerland and the Czech Republic are down more than 1%. Futures here in the […]
Before the Open (Jun 12)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mostly down. China and Hong Kong dropped more than 1%. Indonesia rallied almost 2%. Europe is currently split. Italy and Norway are posting solid gains; Belgium is down 1.5%. Futures here in the US point towards a moderate gap up open for the cash market.
Before the Open (Jun 11)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mostly down. Indonesia dropped 3.5%; China, Hong Kong, India and Japan dropped more than 1%. Europe is down across-the-board. Greece is down 4.5%, and France, Germany, Amsterdam, Norway, Switzerland, London, Spain, Italy and the Czech Republic are down more than 1%. Futures here in the States point […]