Category: Daily Wrap

Wednesday was a dull day with a dull Fed. Equities did exactly what was expected: a low-volatility, modest FOMC Drift...

The stock market finished mostly higher on Tuesday, extending Monday’s rebound as a renewed enthusiasm for AI-related stocks fueled another...

Stocks opened higher Monday after the weekend passed without escalation in the U.S.–Israel conflict with Iran. Oil prices pulled back...

The two things that have stood out to me today are 1) Semis bouncing into former technical support, now presumed...

First, I want to say that I feel 95% certain that the negative 3C divergences that I saw in QQQ...

The week’s tone has been a rotation between Tech one day, then defensive (and some cyclicals) the next, then back...

The averages didn’t move much from technical and price support levels talked about in yesterday’s market wrap. Participation improved as...

Monday was the 39th anniversary of 1987’s Black Monday Crash… The DJIA (daily 1987) lost -22.6% – the largest 1-day...

The major indices recently hit new lows for the session before getting a needed bounce close to the bottom of...

As Tech goes, the S. Korean KOPSI was looking ugly overnight, down more than -7.5%. And while we have the...

CPI was expected to be hot, but it was hotter than expected. September headline inflation accelerated to 3.7% year-over-year from...

Monday night/Tuesday morning Nasdaq-100 futures were weak, alongside a sharp drop in South Korea’s KOSPI. The index is heavily concentrated...

It was a quiet start to the week, with the bond market closed for what was a three-day weekend for...

Thursday’s session ended with a notable divergence between technology stocks and the broader market, largely due to disappointing revenues from OpenAI....

Wednesday was a Sea of Red. The S&P and Nasdaq new highs on Shooting Star candlesticks wasn’t a great look...

As price and the macro environment developed last week  — including rates and oil hitting measured moves and ready to...

The stock market had a pretty decent Monday. The averages and sectors got off to a little bit of a...

Stocks opened with modest gains before selling pressure quickly broadened, sending the major averages to their session lows late in...

Wednesday’s session was a mostly dull affair in the equity space with half-hearted participation that dwindled throughout the day. The...

Stocks initially hovered near their flat lines, helped by a decline in crude oil following a report that Middle Eastern...