Options expire this Friday, so let’s take a look at the open-interest on SPY, DIA, QQQQ 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. […]
CNBC Gangs up on Nouriel Roubini – Roubini Wins
Nouriel Roubini recently appeared on CNBC…
Before the Open (Feb 16)
Good morning. Happy Tuesday. Hope you had a nice long weekend. The Asian/Pacific markets closed up – there were a few 1% gainers. Europe is mostly up. Futures here in the States point towards a moderate gap up open. This comes off a week where the indexes grinded higher within a range.
Before the Open (Feb 12)
Good morning. Happy Friday. The Asian/Pacific markets closed mostly up – gains were not great. Europe is currently mostly down – losses are not too bad. Futures here in the States point towards a gap down open for the cash market. This comes off yesterday where the indexes closed at new highs for the week […]
Before the Open (Feb 11)
Good morning. Happy Thursday. Asia/Pacific closed up across the board. Europe is currently mixed with a couple 1% winners and losers. Futures here in the States suggest a small gap up open for the cash market.
Before the Open (Feb 10)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mixed. Europe is currently mixed with an upside bias. Futures here in the States are flat. Yesterday the market gapped up and later went vertical for 50 min when news surfaced from Europe some sort of action would be taken to stem fears Greece would go bankrupt […]
Market Pullback Casts Doubt on Newspaper Group's Upside Potential
When I last covered the newspaper stocks four weeks ago, my conclusion was that they were nicely trending up but were too far gone to chase.
Before the Open (Feb 9)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mixed with a bullish bias. Europe is currently mostly up, but gains are small. Futures here in the States point towards a big gap up open for the cash market which will be above last Friday’s close and close to yesterday’s high.
Before the Open (Feb 8)
Good morning. Happy Monday. Hope you had a nice weekend. I’m a little behind with returning email etc. I left LA Saturday afternoon…drove all night (huge snow storm in Utah)…got home late morning yesterday. When I put my 15-month old daughter down to sleep, I fell asleep in her bed with her. Cute? Yes. But […]
Before the Open (Feb 5)
Good morning. Happy Friday. Employment numbers are out. Here they are: unemployment rate: 9.7% (lowest since August) nonfarm payrolls: down 20K