Good Morning Traders, Some interesting, and fairly large moves, in overnight markets demand our attention. World equities are pretty much off across the board, with a few exceptions. China is down a percent, most of Europe is also down a percent, led by the UK down -2%. Japan, Hong Kong, Ireland, Switzerland and Indonesia are all up this morning. US … Read More
Morning thoughts 1/24/11
Good morning traders, Note a lot happening overnight, as markets seem to kind of be in a wait and see mode. Asia ex China is up roughly 0.5%, while China is down -2%. Europe is also a mixed bag. Ireland up a full percent (check news on Ireland this morning if you haven’t seen it), while the other European indexes … Read More
Morning thoughts 1/21
Good morning traders, Drawing heavily on my morning Waverly Advisors report again today. First on equities: A mixed session yesterday saw large caps struggling to recover while smaller cap stocks continued their decline. We believe the dominant technical pattern on the S&P Cash index is the small consolidation highlighted on the chart above. Taken in context, it is important to … Read More
Morning thoughts 1/20
Good morning traders, This is somewhat lengthly, but I thought it might be interesting to republish my comments on equities from my morning Waverly Advisors report. Keep in mind that most of the readers of that report are working on a significantly longer timeframe, but this does help to keep yesterday’s moves in context: Equities: Equities are in the spotlight … Read More
Morning thoughts 1/19
Good morning traders, (this was written about 5:30 AM. Check marks to see if anything has changed by the time you read this.) Big picture on equities from my morning Waverly Advisors report: There is very little new to be said with regard to domestic equities. Volatility is compressed, volume is low, trading interest appears to be muted, but all … Read More
AAPL: A Case for Mechanical Trailing Stops
A look at how a mechanical trailing stop can help with exits from trending plays.
Morning Thoughts 1/18/11
Good Morning Traders, World equity markets are higher across the board. Asia up roughly 0.6% on average, Europe and UK up 1.4%. A number of world markets, including our S&P futures, made new 52 week highs overnight. S&P futures have backed off from their highs after the C earnings, but we now have a range of rougthly 1287 – 1292 … Read More
Morning thoughts 1/14
Good morning traders, Markets are mixed ahead of a barrage of economic data this morning. Significant potential market-movers are due out at 8:30, 9:15, 9:55 and 10:00, so pay attention. Asia mixed (S Korea +1%, China -1.7% after raising reserve requirements again), Europe down across the board, and South Pacific mixed. Big moves in currencies this morning as the AUD … Read More