Very scary…building ourselves a hole we’ll never dig out of…
Before the Open (Aug 21)
Good morning. Happy Friday. Happy Options Expiration Day. This week the market has done exactly what it needed to do to cause lots of pain for the bears who expected a big sell-off and were willing to put their money where their mouths were by buying put options. Here’s the QQQQ open-interest chart I talked […]
Sector Performance (Aug 20)
Here’s how the market sectors performed today…
Before the Open (Aug 20)
Good morning. Happy Thursday. Other than the first couple minutes of trading on Monday, it hasn’t been a bad week. The market traded in a tight range most of Monday…slowly grinded up Tuesday…and moved up yesterday and closed up despite a big opening gap down. …
Sector Performance (Aug 19)
Here’s how the market sectors performed today…
Comparing 1929 to Today
Here’s something for you bears to chew on…
Mega-Bears Extended
Here’s the mega-bears chart. It compares the Dow crash of 1929 and Great Depression to the Nikkei crash of 1989 and today’s S&P 500 peak in 2000. …
Before the Open (Aug 19)
Good morning. Happy Wednesday. After a 1-day relief rally yesterday, the market is set to resume its short term downtrend. Most of the Asian/Pacific markets dropped with China again leading the way (down 4.3%). Europe is currently down across the board. Futures here in the States suggests a decent gap down open for the cash […]
Sector Performance (Aug 18)
Here’s how the market sectors performed today…
US vs. China
China is leading. Each time the SPX dropped the last couple months, China held up and eventually pulled the US up. Now China is dropping. It’s something to watch because if China pulls back, the US will not buck the move. Here’s the chart…