It was very dull day to finish 2015 but not really surprising given the performance we have seen for the year. Shanghai has finished the year up 9.4% but it was the smaller Shenzhen Composite with a YTD gain of … →
Iraq warns that it will take military action against Turkey if they do not withdraw their troops from their territory. This would get complicated since Turkey is a member of NATO. So who is on whose side? Is Turkey just abusing … →
NASDAQ and NYSE are acting really insane cancelling stop loss orders and GTC (good until cancelled). These type of orders it appears will be discretionary with some brokers, but the exchanges will not accept them. The problem becomes the … →
The banks of Hungary and Portugal are in trouble. Larger buffers are needed and the economy has not yet moved into a full crisis mode. That is yet to come.
The Holiday Schedule is below. The closing for our models will be TODAY and for the most part this will be a full normal day. We are hovering around our year-end numbers in many markets from gold and the … →
Asia finished a mixed session with gains in Shanghai (+0.25%) and Japan (+0.27%), countered with a small decline in the HSI (-0.53%). For Japan, today was the last trading day for 2015 and returned a yearly gain of just over … →
On Sunday, Swiss army chief André Blattmann warned directly to a Swiss newspaper that social unrest in Europe is rising. He warned that the increasing aggression in public discourse is becoming “dangerously aggressive” among Europeans. In general, tensions are rising and it presents … →
Despite the low volume, we saw a positive rally across Asian equities with all markets closing around 0.5% or higher. The PBOC set the yuan rate at 6.486, the lowest since mid-2011, but marginally weaker than yesterday. In Europe, markets … →
The Dow Jones Industrials still remains in a bullish posture on a broader perspective. The real critical support will lie at 16500 and the Panic Support is well below the market at 13100. Panic Support is the level, if breached … →
