Good morning. Happy Friday. Happy Options Expiration Day. The Asian/Pacific markets closed mostly down. China and India dropped more than 0.8%; Japan rallied 2.2%. Europe is currently mostly down. Belgium, Amsterdam and London are down 0.5% or more; Greece is up 0.9%. Futures here in the States suggest a positive open for the cash market.
Before the Open (Nov 15)
Good morning. Happy Thursday. The Asian/Pacific markets closed mostly down. Japan rallied almost 2%, but China, Hong Kong, Singapore and South Korea dropped more than 1%. Europe is currently mostly down. Amsterdam, Stockholm and Switzerland are down more than 1%; Germany and the Czech Republic are also posting noticeable losses. Futures here in the States […]
Using Indicators to Find a Bottom
The market is practically in a free-fall right now. Don’t step in front of it. No sense doing that. But here are some indicators that will help us nail a bottom.
Before the Open (Nov 14)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mixed and with an upward bias. Hong Kong rallied 1.2%; Singapore dropped 1%. Europe is currently mostly down. Greece is up 1.2%; Belgium, France, Germany, Amsterdam and London are down at least 0.5%. Futures here in the States point towards positive open for the cash market.
Using Put/Call Open-Interest to Predict the Rest of the Week
Options expire this Friday, so let’s take a look at the open-interest on SPY, DIA, QQQ and IWM to see if they hint at movement the rest of the week. Here’s the theory: the market conspires to cause the most pain, to cause the most number of people to lose the most amount of money. […]
Before the Open (Nov 13)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mostly down. Australia, China, Hong Kong and Taiwan closed down more than 1%. Europe is currently down across the board. The Czech Republic, Norway and Greece are down more than 1%; Austria, Germany and Stockholm are down more than 0.7%. Futures here in the States point towards […]
Before the Open (Nov 12)
Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets closed mostly down, but only Japan (down 0.9%) moved much from its unchanged level. Europe is currently mostly up, but there are no big movers. Futures here in the States point towards a moderate gap up open for the cash market.
Before the Open (Nov 9)
Good morning. Happy Friday. The Asian/Pacific markets closed mixed. Hong Kong, India and Japan dropped 0.9%, Taiwan rallied 0.7%. Europe is currently mostly down. France, Germany, Stockholm and the Czech Republic are down more than 1%. Futures here in the States point towards a moderate gap down open for the cash market.
Before the Open (Nov 8)
Good morning. Happy Thursday. The Asian/Pacific markets closed down across the board. Hong Kong dropped 2.4%, Japan, Singapore and South Korea more than 1%. Europe is currently mixed. Greece is down 3.7%, and Austria and the Czech Republic are down about 0.8%. France and Switzerland are up about 0.7%. Futures here in the States point […]
Before the Open (Nov 7)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mostly up. Indonesia and Singapore rallied 0.8%; Australia, Hong Kong and Taiwan 0.7%. Europe is mostly down. Belgium is up 1%; France down 0.8%, Austria and Amsterdam down 0.5%. Futures here in the States point towards a big gap down open for the cash market.