Good morning. Happy Tuesday. The Asian/Pacific markets closed mixed. Japan, China, Australia, Indonesia, South Korea and New Zealand did well while the Philippines, India and Singapore posted losses. Europe, Africa and the Middle East currently lean to the downside. Portugal and Austria are up; Denmark, Turkey, the Czech Republic, Greece and South Africa are down. […]
Before the Open (Oct 29)
Good morning. Happy Monday. Hope you had a good weekend. The Asian/Pacific markets closed mixed. India and Australia did well; China and South Korea were weak. Europe, Africa and the Middle East are currently posting some big gains. The UK, Denmark, Poland, France, Germany, Greece, South Africa, Switzerland, Norway, Spain, Italy, the Netherlands, Belgium, Austria, […]
LB Weekly (Oct 28)
The market tanked again last week. Like the previous week, there was an attempt to rally off oversold levels, but the attempt was quickly squashed. The selling we’ve gotten is much worse than anything we’ve seen in several years – much worse than February. In fact this is the single worst month following an all-time […]
Before the Open (Oct 26)
Good morning. Happy Friday. The Asian/Pacific markets closed mostly down. Indonesia and the Philippines did well, but Hong Kong, South Korea, India, Singapore and Thailand were weak. Europe, Africa and the Middle East are currently mostly down. The UK, Poland, France, Turkey, Germany, Russia, South Africa, Norway, Hungary, Spain, the Netherlands, Italy, Belgium, Austria, Portugal, […]
Before the Open (Oct 25)
Good morning. Happy Thursday. The Asian/Pacific markets posted mostly big losses. Thailand moved up, but Japan, South Korea, India, Taiwan, Australia and the Philippines dropped more than 1%. Europe, Africa and the Middle East are currently mixed but with an upside bias. France, Greece, Spain, Italy, Portugal, Austria and Saudi Arabia are up at least […]
VIDEO: What the Groups Tell Us
In this video several market groups and what they tell us. VIDEO: What Do the Groups Tell Us
Before the Open (Oct 24)
Good morning. Happy Wednesday. The Asian/Pacific markets closed with a lean to the downside. India did well, while Indonesia, Thailand and the Philippines were weak. Europe, Africa and the Middle East are currently mostly up. The UK, Denmark, France, Germany, Russia, Greece, Switzerland, Norway, Belgium, Portugal and Israel are up more than 1%; Hungary is […]
Before the Open (Oct 23)
Good morning. Happy Tuesday. The Asian/Pacific markets got hit hard today. Japan, China, Hong Kong, South Korea and Taiwan dropped more than 2%; New Zealand, Australia, Malaysia and Singapore fell more than 1%. Europe, Africa and the Middle East are down a bunch. Poland, Denmark, South Africa, Finland, Norway, the Netherlands and Austria are down […]
Housing Stocks Warn a Top is Forming
Per Sam Stovall, formerly of S&P Capital IQ, every recession since 1960 has been preceded by y/y double-digit decline in housing starts. The average is -25%. The smallest (-10%) occurred ahead of the shallowest economic contraction while the biggest (-37%) occurred before deepest recession.
Before the Open (Oct 22)
Good morning. Happy Monday. Hope you had a good weekend. The Asian/Pacific markets closed mixed. China surged 4%; Hong Kong and the Philippines also did well. India, New Zealand, Australia and Malaysia were weak. Europe, Africa and the Middle East currently lean to the upside. The UK, Germany, Russia, Greece, South Africa, Kenya, Israel and […]