Good morning. Happy Monday. Hope you had a great weekend. I’m going to change what I do for the premarket comments. For the past few months I’ve somehow gotten a little off course by becoming very news headline oriented. I would spend a lot of time typing up headlines knowing they weren’t nearly as important […]

Good morning. Happy Friday. First a quick personal note. I may temporarily suspend sending this Before the Open document out next week. My 13-week old twins are sick and need constant attention and daily trips to the doctor. It’s fairly easy to trade around their needs, but right now taking care of them is more […]

Good morning. Happy Thursday. The Asian/Pacific markets closed mostly up, but other than Hong Kong (up 4.6%) and Japan (up 1.8%), no market gained more than 1%. The Chinese market was still closed. Europe is currently down across the board. Stockholm and Switzerland are down more than 2%. France, Germany, Amsterdam, Norway, Spain and London […]

Good morning. Happy Wednesday. Happy Fed Day. Today at 2:15 pm EST the FOMC will announce their overnight and discount rate targets. Normally this is a market-moving news item, but today’s meeting should be meaningless and irrelevant. They’ve already targeted overnight rates in the 0.00-0.25% range, so unless they say something like: “the credit markets […]

Good morning. Happy Tuesday. The Asian/Pacific markets which were open (several were closed for holidays) today rallied nicely. Japan rallied almost 5%; India gained almost 4%; Australia almost 3%; Indonesia and New Zealand better than 1%. Europe is currently down across the board. Amsterdam, Spain and Switzerland are down more than 1%. Germany, France and […]