Good morning. Happy Wednesday. Today is a half-day….tomorrow the market is closed….Friday is a full day, but we don’t expect many traders to show up to work. The Asian/Pacific markets which were open closed mostly down. Seoul, Japan, India and China each lost more than 1%. Many of the European markets were closed. The few […]
Before the Open
Good morning. Happy Tuesday. The Asian/Pacific markets closed with sizeable losses. China fell 4.65, Hong Kong, India, Seoul and Taiwan more than 2% and Singapore more than 1%. Japan was closed. Europe is mostly up. Austria, Belgium and Amsterdam are up more than 1%. There are no other 1% movers. France, Germany and London are […]
Before the Open
Good morning. Happy Monday. Hope you had a nice weekend. The cash market will begin the day and week with a small gap up. Nas 100 futures are up 1.50 (0.12%) to trade at 1212.50 and SPX futures are up 2.00 (0.23%) to trade at 883.25. The Asian/Pacific markets closed mostly down. Hong Kong and […]
Before the Open
Good morning. Happy Friday. Happy Options Expiration Day. The Asian/Pacific markets closed mixed and with a downward bias. Hong Kong lost 2.4% and New Zealand lost 1.9%. There were no other 1% movers. China moved up slightly and Japan fell 0.9%. Europe is down across the board. Austria is down 3.7%…Norway and London down more […]
Before the Open
Good morning. Happy Thursday. The Asian/Pacific markets had a good day. India rallied 3.7%, China 2% and Singapore and Taiwan more than 1%. Only Indonesia lost ground (down 0.90%). Europe is mixed with a bullish slant, but there are no big movers. France is down, Germany up and London is flat. Futures here in the […]
Before the Open
Good morning. Happy Wednesday. So the Fed yesterday said they will do everything and anything to stabilize the economy, including printing unimaginable amounts of money. The market was initially volatile but then surged. At today’s open, it’ll give back some of those gains. 30 min before the open, the Nas 100 futures are down 7.75 […]
Before the Open
Good morning. Happy Tuesday. Happy Fed Day. Today the Fed will tinker with the Discount Rate and Overnight Rate. It’s a meaningless event, but of course the media will turn it into a circus. The Asian/Pacific markets closed mixed. Australia, Indonesia and Japan fell more than 1% while India was the only 1% winner. China […]
Before the Open
Good morning. Happy Monday. Hope you had a nice weekend. The market will start the new week with a slight downward bias but considering the recent gap opens, we’ll call it flat. 35 minutes before the open, Nas 100 futures are down 0.75 (0.06%) to trade at 1214.25 while S&P futures are down 3.25 (0.37%) […]
Before the Open
Good morning. Happy Friday. This is a bear market, right? About 30 minutes before the open, Nas 100 futures are down 31.5 (2.65%) to trade at 1158.5 and SPX futures are down 30 (3.43%) to trade at 844.5. They started selling off as soon as they started trading 15 min after yesterday’s close; then they […]
Before the Open
Good morning. Happy Thursday. It was looking like a fairly uneventful open for the cash market until initial jobless claims were released. The number rose 58,000 to 573,000 – the highest in 26 years. 30 min before the open, Nas 100 futures are down 8 (0.68%) to trade at 1211 while SPX futures are down […]