Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets closed mostly down. Japan and South Korea lost more than 1%. India gained more than 1%. Europe is currently mostly up, and there are some big winners. Belgium, France, Stockholm, Switzerland and London are up more than 2%. Futures here in the […]
Before the Open (Aug 19)
Good morning. Happy Friday. It’s not such a happy day for stocks around the world. The Asian/Pacific markets got hit hard. South Korea dropped over 6%, Indonesia fell more than 4% and Australia, Hong Kong, Singapore and Taiwan lost over 3%. Europe is only slightly better off. It too is suffering across-the-board losses. And futures […]
Identifying Bear Market Bottoms and New Bull Markets by Paul Desmond
Here’s a link to a report written by Paul Desmond of Lowry’s about using 90% up/down days to help identify bear market bottoms. The report is posted for free at Lowry’s, so I don’t think I’m violating any copywrite laws by posting it here. It was written in 2002, and other than my desire to […]
Before the Open (Aug 18)
Good morning. Happy Thursday. The Asian/Pacific markets closed mostly down. Australia, China, Hong Kong, India, Japan, South Korea and Taiwan each lost more than 1%. Europe is getting crushed. Every market is down at least 2%. Futures here in the States point towards a large gap down open for the cash market.
Before the Open (Aug 17)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mixed…only Australia (up 1.3%) moved more than 1%. Europe is currently mixed with a bullish bias. Futures here in the States point towards a positive open for the cash market.
Before the Open (Aug 16)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mostly down but only Singapore (down 1.5%) lost more than 1%. Europe is currently mostly down. Belgium, France, Germany and Stockholm are down more than 2%. Futures here in the States point towards a large gap down 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 (Aug 15)
Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets closed up across the board. Hong Kong rallied over 3%; Australia and Taiwan moved up more than 2%; several others gained more than 1%. Europe is currently posting across-the-board gains. Austria, Norway and Switzerland are leading the way. Futures here in the […]
Sector Performance (Aug 12)
Today’s sector performance…
Before the Open (Aug 12)
Good morning. Happy Friday. Heck of a week, huh? The Asian/Pacific markets closed mixed and with a bullish bias, but India, South Korea and Taiwan lost more than 1%. Europe is currently trading mostly up. Switzerland is up over 4%; Belgium 3%; and France and Germany more than 2%. Futures here in the States point […]