Good morning. Happy Friday. It’s options expiration day. For the most part, the world markets are brushing aside the extreme weakness from the US. Asia/Pacific is trading mostly up, and there are some big winners. India and Seoul closed up more than 5%. Singapore, Japan and Hong Kong gained almost 3%. Australia and Taiwan almost […]

Good morning. Happy Thursday. It’s not a happy day for markets around the world. The Asian/Pacific markets melted down today. Japan and Seoul dropped more than 6%. Australia, Hong Kong and Taiwan fell more than 4%. India and Singapore down more than 3%. New Zealand and Indonesia fell more than 2%. And everything else dropped […]

Good morning. Happy Wednesday. Despite the strong finish by the US markets yesterday, the world markets did not follow through, and the US cash market is set to give back about half of yesterday’s late-day gains. In Asia/Pacific, China rallied 6%, but everything else was down. India, Singapore and Seoul each lost more than 1%. […]

Good morning. Happy Tuesday. Yesterday was a relatively boring day until the last hour when the indexes sold off to close at their lows. The VIX nudged up but the put/call ratio dropped. It’s not a great sign for the market to be sitting at support when sentiment indicators suggest there isn’t much fear out […]

Good morning. Happy Monday. Hope you had a nice weekend. It will be another weak open for the cash market. Thirty minute before the open, Nas 100 futures are down 9 (0.78%) and SPX futures are down 9.25 (1.1%). These numbers aren’t horrible relative to last Friday’s close, but compared to their overnight highs which […]

Good morning. Happy Friday. Coming off a fantastic reversal yesterday, it’ll be another significant gap down for the cash market. Typically gap downs within uptrends are buyable, but yesterday’s massive rally can hardly be considered an uptrend. 30 min before the open, Nas 100 futures are down 18 (1.46%) and SPX futures are down 14 […]