Good morning. Happy Wednesday. The Asian/Pacific markets closed mostly up. China and Singapore dropped more than 1%; South Korea and Taiwan did well. Europe is currently mostly down. France, Germany, Amsterdam, Stockholm, Switzerland, London, Greece and the Czech Republic are down more than 1%. Futures here in the States point towards a big gap down […]
Before the Open (May 28)
Good morning. Happy Tuesday. Hope you enjoyed your weekend and extra day off. The Asian/Pacific markets closed mostly up. China, Hong Kong, Indonesia and Japan rallied more than 1%. Europe is currently up across-the-board. France, Germany, Amsterdam and London are up more than 1%. Futures here in the States point towards a relatively big gap […]
Before the Open (May 24)
Good morning. Happy Friday. The Asian/Pacific markets closed mixed. Australia and New Zealand dropped more than 1%; China, Indonesia and Japan did well. Europe is trading mixed; there are no standout winners or losers. Futures here in the States point towards a moderate gap down open for the cash market.
Before the Open (May 23)
Good morning. Happy Thursday. The Asian/Pacific markets got hit hard. Japan dropped 7.3%; Australia, China, Hong Kong, India, Indonesia, Singapore, South Korea and Taiwan each dropped more than 1%. Europe is currently down across the board. Austria, Belgium, France, Germany, Stockholm, Switzerland and Greece are down more than 2%. Futures here in the States point […]
Tuesday's Amazing Winning Streak
Yesterday, for the 19th straight Tuesday, the Dow posted a gain. This is the longest Tuesday winning streak in history and the second longest of its kind (in 1968, Wednesday’s had a winning streak totaling 24). This stat and others offer more evidence this rally is unlike many others we’ve seen.
Before the Open (May 22)
Good morning. Happy Wednesday. The Asian/Pacific markets closed with a bullish slant. Japan and South Korea did the best. Hong Kong pulled up the rear. Europe currently leans to the downside. Austria and Greece are down more than 1%; there are no notable winners. Futures here in the States point towards a positive open for […]
Before the Open (May 21)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mixed. Australia, Hong Kong, India and Indonesia did poorly; Malaysia did well. Europe is currently trading mixed and with a bearish slant. Austria, Norway and the Czech Republic are doing well; Greece is down 4%. Futures here in the States point towards a slight down open for […]
Before the Open (May 20)
Good morning. Happy Monday. Hope you had a good weekend. The Asian/Pacific markets closed mostly up. Hong Kong, Indonesia and Japan gained more than %; there were no big losers. Europe is currently mixed. Only Greece (down 2.8%) has moved much from its unchanged level. Futures here in the States point towards a slight down […]
VIDEO: Does a Breakout From the Dollar Doom the Market
Good day traders. The US dollar broke out last week. Does this doom the market going forward? Here’s a video with my take.
High Frequency Trading: Its Role In Flash Crashes
This is part III of a 4-part series about High Frequency Trading (HFT). In Part I, the use of computers to quickly identify and execute trades was discussed. In part II, access to data is discussed. In part III, the role of HFT in flash crashes is talked about.