Options expire this Friday, so let’s take a look at the open-interest on SPY, DIA, QQQQ 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 (May 18)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mixed with a slight bullish bias. Europe is currently up across the board – there are several 1 and 2% gainers. Futures here in the States point towards a moderate gap up open for the cash market. This comes off a day where the market was weak […]
Before the Open (May 17)
Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets got hit hard. Several indexes dropped more than 2%; China took a 5% beating. Europe is currently mostly up. Futures here in the States point towards a positive open for the cash market. This is quite a turnaround compared to several hours […]
VIDEO: State of the Market
This video updates the internal breadth indicators. The question is whether they’re acting as if the recent movement is a pullback within an uptrend or if a character change is under way.
Before the Open (May 14)
Good morning. Happy Friday. The Asian/Pacific markets closed mostly down – there were a few 1% losers. Europe is currently down across the board – every market is down at least 1%. Futures here in the States point towards a sizable gap down for the cash market. Today’s open will be near the low of […]
Before the Open (May 13)
Good morning. Happy Thursday. The Asian/Pacific markets had a great day – most of the indexes gained at least 1%. Europe is currently up across the board – there are a few 1% winners. Futures here in the States point towards a small gap up open for the cash market.
Before the Open (May 12)
Good morning. Happy Wednesday. The Asian/Pacific markets mixed. The closing levels suggest a relatively quiet day. Europe is up across the board – there are a couple 1% gainers. Futures here in the States point towards a flat open for the cash market.
Before the Open (May 11)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mostly down – there were a couple 1% losers. Europe is currently mostly down – there are also several 1% losers while Germany is up 4%. Futures here in the States point towards a sizable gap down open for the cash market.
Before the Open (May 10)
Good morning. Happy Monday. I was thinking last night the market was due for a bounce because the internals had fallen to extremely low levels. There are only 27 stocks within the S&P 1500 above their 10-day MA and only 51 above their 20-day – I can’t remember seeing readings that low…especially considering just a […]
Before the Open (May 7)
Good morning. Happy Friday. Heck of a day yesterday, huh? It wasn’t a 100-year storm, but it was certainly a once-every-10-years event…or considering how the markets are so connected and the prevalence of computers that trade on autopilot, perhaps we should expect them to happen more often.