Morning Note: Stay Tuned, And Stay Hedged...

Asian stocks closed mostly (10 of 16 markets we track) in the green overnight, Europe, however, is not following suit this morning; with 17 of the 19 indices we track trading lower. U.S. equities are essentially flat as I type: Dow up 6 points (+0.02%), S&P 500 down -.14%, Nasdaq down -.10%, Russell 2000 down -0.12%.

This Week's Message: What We're Actually Measuring...

Lately, on Wednesdays, I'm finding myself staring for longer than usual at a blank page on my computer screen, shuffling through thoughts on what I might offer up in a "weekly message" that is more than just some regurgitation of the regurgitations I've been offering up on a daily basis.

Morning Note

Asian equities traded higher virtually across the board overnight, Europe's following suit this morning, with only 2 of the 19 indices we track in the red, and the US certainly won't be left out; Dow up 285 points (1.1%), the S&P 500 up .59%, Nasdaq up .28% and the Russell 2000 up .66%.

Evening Note

A good friend just sent me Merrill Lynch's latest market narrative. I'm thinking my reply can serve nicely as this evening's note:

Quote of the Day: Who's Selling?

So who's selling their shares into this extended rally off of the March bottom?

Well, not who you'd hope:

Morning Note: Wow! Those Top 5!!

Asian equities were nicely green nearly (with only China's Shenzhen Index closing lower) across the board overnight. Europe's mixed this morning, with 9 of the 19 bourses we track currently in the red. U.S. major averages are on the rise (although barely for the Nasdaq): Dow up 128 points (.48%), S&P 500 up .21%, Nasdaq up 0.02% and the Russell 2000 up .43%.

Morning Note: What A Price-Moving Cohort Has Yet To Appreciate

Asian stocks traded mostly lower overnight, with only 6 of the 10 indices we track in the green. European equities, on the other hand (save for Greece and Hungary) are rallying this morning. The major U.S. averages are trading nicely higher as well; Dow up 200 points, S&P 500 up .72%, Nasdaq up 1.23%, Russell 2000 up .95%.