Category Archives: Dashboard

MONDAY:   Another sharp decline in China to start the week, but our markets are showing no response at all as trading gets ready to begin. We’ll see how long that can last as traders begin to take sides on this week’s FOMC actions.

TUESDAY:   China sinks again, but US futures are flat, as nothing matters right now other than waiting to see what, if anything, the FOMC will do once Thursday afternoon rolls around.

WEDNESDAY: This morning it appears that China is again the tail. being wagged by yesterday’s US market, as it is soaring while the US futures are getting ready to begin the day on a flat note

THURSDAY:  Today is the day that we’ve all been waiting for, but the market may have already done it’s celebrating of the loss of uncertainty. Hard to understand why they have been so certain in what the FPMC will do as it hasn’t necessarily telegraphed its timing for actions or changes in tone very much over the last couple of years.

FRIDAY:. The market actually did the right thing this week. It was higher on anticipation of an increase in interest rates and then it went lower when that turned out not to be in the cards, finally realizing that such an increase would be reflective of a strengthening economy. Now we have to wonder where we stand as it looks as if the late day sell off will continue this morning







MONDAY:   Happy and Safe Labor Day to all

TUESDAY:   Well, the market is ready to get the week off to a great start after a very confusing set of sessions from Shanghai and Japan that should serve to clear nothing up

WEDNESDAY: The morning looks as if it might actually string two consecutive days of triple digit gains together, or at least have a chance to get off to that kind of a start, as there’s little this week to get in the way of any kind of move or to catalyze any kind of move

THURSDAY:  After an ugly day yesterday, overseas markets followed. Or are they still leading? It’s hard to tell, but this morning the US futures are flat, even as the futures haven’t done a good job of forecasting where the day will eventually go.

FRIDAY:. The market looks to end the week being able to stay in stealth rally mode, although it looks as if it may shave some off from the week’s gains. That appeared to be the case yesterday, too, but worked out differently. All of this sets the stage for what may be a big FOMC meeting and Chairman’s press conference next week







MONDAY:   China announces it won’t be purchasing stock shares in its markets and we respond in the morning’s futures by bemoaning the loss of an overseas catalyst. The week may be ready to get off to a triple digit loss after very calmly ending the past tumultuous week

TUESDAY:   China and Japan tumble overnight and Europe is set to follow, as the US futures are pointing toward a 2% decline. This all comes after concluding the worst month in 3 years, so it may be time to strap on once again

WEDNESDAY: If you were looking for a bounce after yesterday’s 469 point DJIA loss, after a quiet trading day in China, you’ve got it. But it’s nowhere close to 469 points as we await the market’s open and continue to take 5 steps back for every 4 steps forward. until further notice

THURSDAY:  With China’s stock market closed for the next few days, we’re on our own. That could change very quickly when our markets re-open following the Labor Day holiday and a few days of artificial calm from China comes to an end. For now, though, our futures are higher on news of increased Jobless Claims, which says that bad news is good news as we await tomorrow’s Employment Situation Report

FRIDAY:. This morning’s Employment Situation Report will hopefully erase the early large loss in the futures, but for now it may be that good news is bad news







MONDAY:   This morning looks as if it may be the big sell off that many had been looking for. The brave among them will be stepping in to buy if down volume is large, as the S&P 500 looks to join the DJIA in official 10% correction territory if the futures drop is maintained.

TUESDAY:   After moving another 550+ more points away from its high, and after Shanghai falls another 7% overnight, the futures are threatening to recover most of yesterday’s loss. Well that makes sense if you hold your breath for 5 to 10 minutes.

WEDNESDAY: Very disappointing session yesterday as the final hour saw to it that 400 points of gain were lost and then added another 200 to that. This morning, more losses in China overnight, although relatively modest. However, our futures are looking to regain yesterday’s loss, but no more than that.

THURSDAY:  The real surprise this morning has to be that the futures are higher after closing nicely higher yesterday, especially given the magnitude of that climb, which leaves the S&P 500 only 1.5% in the hole for the week. Today is the latest GDP release and the beginning of the Jackson Hole meeting, so we’ll see what legs there are and what stomach there is to challenge earlier weakness

FRIDAY:. Two in a row. Jackson Hole concludes today, GDP moving higher, a is China this morning. In the very early futures the market is down by triple figures, but can you blame it? The finish to this week will have lots to say about what we may be able to expect as September gets set to begin.







MONDAY:   Not too much economic news expected this week, but the Retail Sales Report is due as are the first of national retailers reporting their earnings. WIth China having a strong open to the weak hopefully that will give us some immunity for now to their liabilities

TUESDAY:   A surprise overnight devaluation of the Chinese currency isn’t a very good thing for us as the USD is already so strong. The pre-opening futures market doesn’t seem to like it, but with yesterday’s gain and the recent past, there wasn’t much reason to expect another move higher today, anyway

WEDNESDAY:  More news from China has our futures continuing yesterday’s sell-off that completely erased Monday’s great gains. Other than for that day we are looking at marching toward 2 weeks of daily losses, but starting this morning the market is barely 2.5% below its all time high.

THURSDAY:  Impressive comeback yesterday, starting at about Noon, maybe being led by Apple, just like in the old days. This morning’s futures may be adding a little onto yesterday’s bounce, but betting the farm on it may not be a great idea.

FRIDAY:. 2 big days to start the week, one almost big day that ended flat and another flat day. Fridays have been weak the past month or more, but this morning the futures are looking flat as China did nothing with its currency overnight.