Good morning. Happy Thursday. The Asian/Pacific markets closed down across the board – there were a couple 1% losers. Europe is currently mostly down. Futures here in the States point towards a moderate gap down open for the cash market.
Before the Open (Feb 3)
Good morning. Happy Wednesday. We entered the week with bull’s backs up against the wall. They needed to dig in and defend their turf or else the “pullback within an uptrend” would turn into a downtrend. So far, so good.
Before the Open (Feb 2)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mixed with a bearish bias. Europe is currently up across the board. Futures here in the States point towards a small gap up open for the cash market.
Before the Open (Feb 1)
Good morning. Happy Monday. Hope you had a nice weekend. Last week, the S&P experienced numerous 10 point swings in route to registering numerous lower highs and lower lows. As of an hour before Thursday’s close, the index was up for the week, but selling into the close along with a down day Friday closed […]
Before the Open (Jan 29)
Good morning. Happy Friday. It’s been a heck of a week. As of Monday’s open, the long term trends remained up but short term sentiment was down, and there was a definite lack of good set ups to trade. Four trading days later, the market has made several lower highs and lower lows on the […]
Before the Open (Jan 28)
Good morning. Happy Thursday. The Fed has spoken. They said the economy continues to slowly improve, and rates will be held at a rock-bottom level for a long time. The market initially chopped around, but then it got some legs and rallied. When the dust settled, the indexes were back in the middle of its […]
Before the Open (Jan 27)
Good morning. Happy Wednesday. Happy Fed Day. The Asian/Pacific markets closed down across the board – there were several 1% losers. Europe is currently mixed. Futures here in the States suggest a flat open for the cash market.
Short Term Breadth Indicators
For those of you who’ve followed my work for any length of time know I prefer breadth indicators over technical indicators, ergo I prefer the % of stocks trading above a certain MA over MACD. Let’s do a run down of two short term S&P 500, Nasdaq 100 and NYSE breadth indicators.
Before the Open (Jan 26)
Good morning. Happy Tuesday. The Asian/Pacific markets closed down across the board – several indexes lost more than 2%. Europe is currently mostly down, but losses are minimal. Futures here in the States suggest a weakish open, but nowhere near as bad as where the futures were trading last night.
Before the Open (Jan 25)
Good morning. Happy Monday. Hope you had a nice weekend. Coming off a huge down week, the Asian/Pacific markets closed down across the board but losses were minimal. Europe is currently mixed – there are no standout winners or losers. Futures here in the States suggest a moderate gap up open for the cash market.