Good morning. Happy Thursday. Gap, gap, gap. Everyday the market gaps – they certainly provide trading opps for day traders but they frustrated the heck out of swing traders. Today’s gap will be to the downside. The market has done well the last two days. The intraday action has been choppy, but in each case, […]

Good morning. Happy Wednesday. Yesterday was an ‘inside day,’ so pressure is starting to build again for the next mini trend. Today will start on a down note. Nas 100 futures are down 27.75 (2.45%) to trade at 1105.25 and SPX futures are down 17.50 (2.06%) to trade at 831.50. The Asian/Pacific markets closed mostly […]

Good morning. Happy Tuesday. So the 5 consecutive up days on declining volume with an unfilled gap was too much for the market. Sellers were aggressive yesterday – not super aggressive, but aggressive enough. The Nov 24 gap still sits unfilled, and after today’s expected gap up open, we’ll have two unfilled gaps below and […]

Good morning. Happy Monday. Hope you had a nice weekend. We enter this new week with the market having rallied 5 consecutive days on declining volume with a gap down there near the low. This is not exactly bullish, so although the short term trend is up, being aggressive on the long side is a […]

Good morning. Happy Friday. Today of course is a half-day which should be just long enough to allow the market to relieve some pressure. We don’t expect much volume, but a little movement would not be out of the question. There isn’t much news out. 30 minutes before the open, Nas 100 futures are down […]

Good morning. Happy Wednesday and Happy early Thanksgiving. Today should be fairly normal the first couple hours, but then volume will die down after lunch. The market is closed tomorrow and is only open a half-day on Friday. Yesterday presented one of the most obvious no-brainer trades for day-traders we’ve seen in a long time. […]

Good morning. Happy Tuesday. The cash market will once again open with gap up. Yesterday’s gap didn’t fill; can a bottom be formed with consecutive unfilled gaps? 30 minutes before the open, Nas 100 futures are up 20 (1.74%) to trade at 1166.75, and SPX futures are up 21 (2.51%) to trade at 869. The […]

Good morning. Happy Monday. Hope you had a nice weekend. It looks like the US market will continue the rally which began Friday afternoon. 30 minutes before the open, Nas 100 futures are up 23.75 (2.18%) to trade at 1114.75, and SPX futures are up 21.25 (2.68%) to trade at 813.25. The Asian/Pacific markets closed […]

Good morning. Happy Friday. It’s options expiration day. For the most part, the world markets are brushing aside the extreme weakness from the US. Asia/Pacific is trading mostly up, and there are some big winners. India and Seoul closed up more than 5%. Singapore, Japan and Hong Kong gained almost 3%. Australia and Taiwan almost […]

Good morning. Happy Thursday. It’s not a happy day for markets around the world. The Asian/Pacific markets melted down today. Japan and Seoul dropped more than 6%. Australia, Hong Kong and Taiwan fell more than 4%. India and Singapore down more than 3%. New Zealand and Indonesia fell more than 2%. And everything else dropped […]