Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets had great days today – everything closed up with several 1% winners. Europe is currently up across the board with also with several 1% winners. Futures here in the States suggest a solid gap up open for the cash market. The S&P […]
Before the Open (Nov 13)
Good morning. Happy Friday. The Asian/Pacific markets closed mixed with no standout winners or losers. Europe is currently trading the same. Futures here in the States suggest a small gap up open for the cash market.
Small Caps, Large Caps, Unemployment
I’ve been giving some thought to the divergence between the small and large caps and how it may or may not relate to whether the economy is or is not improving. Here are my thoughts…
Before the Open (Nov 12)
Good morning. Happy Thursday. The Asian/Pacific markets closed mixed with a bearish bias – there were no standout winners or losers. Europe is currently trading the same – mixed with no 1% movers. Futures here in the States suggest a gap down open for the cash market. This comes off yesterday’s push to a higher […]
Before the Open (Nov 11)
Good morning. Happy Wednesday. After 6 consecutive up days, the market rested yesterday. Volume remained uncharacteristically light and the range was smaller than the previous week.
Before the Open (Nov 10)
Good morning. Happy Tuesday. 7 of 9 down days has reversed course and turned into 6 consecutive up days. The Dow registered a new high yesterday; S&P is within 8 points of its high; the Russell and Nas have some catching up to do.
Before the Open (Nov 9)
Good morning. Happy Monday. Hope you had a nice weekend. Every foreign market is up. Asia/Pacific, Middle East, Europe – you name it, it’s posting gains right now. Futures here in the States suggest a large gap up open for the cash market. This comes after 5 consecutive up days last week.
The Difference Between Going Long and Going Short
There are some who say going long and going short are equal and opposite. In fact some say if you have a hard time doing one or the other, flip the chart upside down. I disagree. To me they are very different, so here’s a quick write up with my views. This isn’t THE difference […]
Before the Open (Nov 6)
Good morning. Happy Friday. Employment numbers are out… Nonfarm payrolls dropped 190K and the unemployment rate is now 10.2%.
Before the Open (Nov 5)
Good morning. Happy Thursday. The Fed has spoken. They said economic conditions are improving but the job market along with a negative wealth effect from housing are large hurdles stopping a full-fledged recovery. They also said rates will be kept low for a long time.