Good Morning traders, I’m moving a little more slowly than usual this morning (probably due to the 1AM blog posting lol), so I’m going to steal more heavily than usual from my morning note for Waverly Advisors. Keep in mind that most of our perspectives there are aimed more at swing traders or investors, but I think they also serve … Read More
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Morning Thoughts 1/12
Good morning traders, Strong followthrough day in Europe (Spain +5%, Germany + 2.2%), with all of Asia up as well (South Korea leading +1.4%). Also seeing good strength in Russia (+2.8% = 5 standard deviations… a big move for this market) and Greece (+5.7%). In fact, the only world markets flat to down are Dubai and Israel. Swing traders need … Read More
Morning Thoughts 1/11/10
Good Morning Traders, We are coming in this morning to find world markets up strongly overnight. Asia is mixed (Taiwan +1.6%, Hong Kong +0.7%, Japan – 0.5%), Europe up across the board (Europe Broad +1/2%, Portugal 2%, UK 1.2%). South Pacific lagging a bit (Philippines -1.4%, Australia -0.5%), but these have been world relative strength leaders for several months. The … Read More
Morning Thoughts 1/10
Good morning traders, From my weekend note for Waverly Advisors: We see many conflicting tactical factors in Equities, which is typical of price action in consolidation areas. On one hand, our sector themes remain largely intact as the sectors recently underperforming are actually the traditionally defensive Staples. Another indication of a potentially supportive psychological backdrop is the continued outperformance of … Read More
Morning thoughts 1/7
Good morning and happy Friday, traders! Volatility has returned after the holidays, but in a muted, non-directional context. This is a little unusual as the market often would have made a strong trend move (over the course of several days) by this point after the holiday. This week, we have had a series of economic numbers that could potentially have … Read More
Morning thoughts 1/6
Good morning traders, World equity markets are generally up this morning. Biggest upside movers are Japan (1.5%) and Norway (1.1%). China, Ireland and Portugal are down slightly overnight. No big currency moves overnight, though the Yen is strong (EURJPY AUDJPY etc) against most of its trading partners. One of the big questions this morning will be whether we have second … Read More
Morning Thoughts 1/5
Good morning traders, Pretty much across the board, from domestic to international stocks, currencies, commodities and financial futures, we are seeing volatility return to the markets. Also, as we look at world markets, (and this is a gross generalization) most of the moves that have emerged over the 2 and a half trading days have been against the trends that … Read More