Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets closed mixed and with an upward bias. There were no big losers; China, Malaysia, Japan and Taiwan did well to the upside. Europe is currently trading mixed and with a downward bias. Belgium and Greece are up; France, Germany, Amsterdam, Norway, London, […]
Before the Open (Feb 1)
Good morning. Happy Friday. Happy Employment Numbers Day. The Asian/Pacific markets were mixed today. China, Australia, Indonesia and Japan did well; India lagged. Europe is currently mostly up. Austria and the Czech Republic are down; Belgium, France, Norway, Stockholm, London and Greece are doing well. Futures here in the States point towards a moderate gap […]
Before the Open (Jan 31)
Good morning. Happy Thursday. The Asian/Pacific markets closed mixed. Australia, Hong Kong and India dropped; Japan and Taiwan moved up; but none of the indexes moved much overall. Europe is currently down across the board. Greece, France, Amsterdam, London and the Czech Republic are down the most. Futures here in the States point towards a […]
Costa Rica
By now you probably know I moved to Costa Rica. It’s not forever, so I’m calling it temporarily permanent. Many people have emailed me about my move and the country etc, so this post is to get everyone up to speed. Then I’ll answer any questions, assuming I know the answers.
Before the Open (Jan 30)
Good morning. Happy Wednesday. Happy Fed Day. The Asian/Pacific markets closed mostly up. China, Japan, New Zealand and Singapore led the way. Europe is currently trading mixed and with a downward bias. Stockholm is up 0.5%; Switzerland is down 0.6% – everything else falls in between. Futures here in the States point towards a flat […]
Before the Open (Jan 29)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mixed and with an upward bias. Australia, China, Indonesia, Japan, South Korea and Taiwan rallied while India and Singapore dropped. Europe is currently mostly down. Switzerland, Italy, Spain and Greece are posting the biggest losses. Futures here in the States point towards a moderate gap down open […]
Before the Open (Jan 28)
Good morning. Happy Monday. Hope you had a great weekend. I’m posting this much early than usual because today is the first day of school/day care here in Costa Rica, and until we figure out the logistics of getting the kids ready to go and getting them to school, I’ll be getting up early to […]
Before the Open (Jan 25)
Good morning. Happy Friday. The Asian/Pacific markets close mixed and with an up bias. South Korea and China dropped. Australia, India, Japan and Singapore rallied. Europe is currently mostly up. Austria, France, Germany, Stockholm and Greece are posting decent gains. Futures here in the States point towards a gap up open for the cash market.
Before the Open (Jan 24)
Good morning. Happy Thursday. The Asian/Pacific markets closed mixed. Japan rallied 1.3%, and Australia, Malaysia and Singapore also did well. China, India, South Korea and Taiwan dropped. Europe is currently mixed, but there are no big winners or losers (except Greece which is down 1.1%, but it doesn’t count). Futures here in the States point […]
The Dow Theory is Useless: Here's Why
Wall St. is full of theories attempting to explain price movement after the fact or predict price movement before it happens. The Dow Theory is one such theory, but for reasons discussed below, I believe the theory’s relevance is long past, and in today’s form, is utter garbage.