Good morning. Happy Wednesday. Sorry I didn’t update the site last night. I never regained internet access. This has not exactly been a smooth trip to Chicago. I probably should said Monday I was taking a couple days off. It wouldn’t have mattered since I wasn’t likely to add new set ups to the lists […]
Before the Open (Nov 24)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mostly down – China lost 3.5%. Europe is currently mixed – there are no big winners or losers. Futures here in the States suggest a small gap up open – this of course could change between now and when the market opens.
Before the Open (Nov 23)
Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets closed mixed with a bullish slant. Europe is currently up very nicely across the board. Every market is posting at least a 1% gain. Futures here in the States are up solidly. The last two Mondays have been big up days. It’s […]
Before the Open (Nov 20)
Good morning. Happy Friday. Happy options expiration day. Earlier this week I talked about what the index ETFs needed to do to cause the most pain per the put/call open interest. SPY needed to close above 109 (it’s at 109.82 right now); DIA needed to close around 103 (it’s at 103.65); QQQQ needed to close […]
Before the Open (Nov 19)
Good morning. Happy Thursday. The Asian/Pacific markets closed mixed without any standout winners or losers. Europe is currently down across the board – there are a couple 1% losers. Futures here in the States suggest a sizable gap down open for the cash market. This comes off a big up Mon and flat, listless trading […]
Why The Stock Market Should Crash
Stating the Obvious: Why the Stock Market Should Crash by Charles Smith of oftwominds.com The trillions squandered on “stabilization” is not leading to “recovery” of the real economy; it is only life support keeping a sick economy from imploding. The stock market rally rests on rapidly crumbling sand. I’m not saying the stock market will […]
Before the Open (Nov 18)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mixed – only Seoul moved (up) more than 1%. Europe is currently up across the board – there are several 1% winners. Futures here in the States suggest a flat and mixed open for the cash market. This comes off yesterday’s light-volume inside day.
Meredith Whitney: 'I Haven't Been This Bearish in a Year'
Maria Bartiromo interviews Meredith Whitney who is dumbfounded as to why the market keeps going up.
Before the Open (Nov 17)
Good morning. Happy Tuesday. We got a big gap up yesterday and lots of early strength that put every index except the Russell 2000 and S&P 600 at a new high. The small caps led, the dollar was weak, commodities did great and all 100 market groups I follow closed up on the day. And […]
Using Put/Call OI to Predict the Rest of the Week
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 (this was written during the day Monday, so it uses data from over the weekend). Here’s the theory: the market conspires to cause the most […]