Good morning. Happy Thursday. The Asian/Pacific markets closes mixed with a bullish bias. Europe is currently up across the board. Futures here in the States suggest a small gap up open, but of course things can change between now and the open. The big story this week has been the banking group and commodities. While […]

Good morning. Happy Wednesday. The market keeps going and going. No matter what happens, no matter what news is released, the market goes up and up and up. It doesn’t matter if companies hit or miss earnings. It doesn’t matter if economic news is less than expected. It probably won’t matter what the employment numbers […]

Good morning. Happy Tuesday. The SPX moved above 1000 yesterday, but there were no fireworks. There was no mad rush to buy, and there was no urge to sell. The index merely moved above and below the level most of the day before closing near its intraday highs. I personally don’t think the level means […]

Good morning. Happy Monday. Hope you had a nice weekend. The market sold off into last Friday’s close but still closed at its highest level of the week. If the current futures levels hold, the late-day losses will be recaptured at today’s open. The Asian/Pacific indexes closed mostly up with a handful gaining more than […]

Good morning. Happy Friday. With one more trading day left in July, the SPX is up 67 points – pretty damn good if you ask me. To tack on those types of gains on top of a big move already in place during one of the worst months of the year…that’s impressive. Volume has fallen […]

Good morning. Happy Thursday. I see the front cover of Newsweek magazine says the recession is over. I’ll have to run out to a magazine rack this weekend and see who else says the worst is over. Magazines are notoriously bad at these types of things. They are typically super bearish near bottoms and too […]