Good morning. Happy Thursday. So after an initial pop yesterday after the Fed announcement that pushed most of the indexes to new highs, the market took a big dump. Ugly candles on the daily charts formed across the board. Volume was pretty good. But as I’ve said numerous times, the day after the Fed is […]

Good morning. Happy Wednesday. Happy Fed day. Today’s the day the Fed tickers with interest rates. They don’t do it directly. Instead they target the overnight rate which influences how aggressively banks lend and at what rate they lend. The overnight rate is basically at 0, so it can’t go lower. Although there’s been some […]

Good morning. Happy Tuesday. Yesterday the market gapped down and other than a brief late morning pop, prices were stuck in a tight range. Today we’ll get a gap up near the highs. The Asian/Pacific markets closed mixed – China lost 2.3%. Europe is currently up across the board – there are a couple 1% […]

Good morning. Happy Monday. I hope you had a nice weekend. The Asian/Pacific markets closed mixed – there were no big winners or losers. Europe is currently down across the board – there are several markets down more than 1%. Futures here in the States suggest a gap down open for the cash market. …

Good morning. Happy Friday. Happy Options Expiration Day. The Asian/Pacific markets closed mixed – China was a big loser (lost 3.2%). Europe is currently mixed and little moved from yesterday’s close. Futures here in the States suggest a flat open for the cash market. …