Category: Daily Wrap

Here ae the weekly stats for the major averages on the week: S&P +1.38%, Dow +1.43% (Transports -0.65%), NASDAQ-100 +1.27%,...

Oversold internals never cease to amaze me, which is why I stay away from shorting extreme oversold markets, or buying...

All of the major indices closed lower and at or near their worst levels of the day on heavy volume....

There was not a lot of conviction on either side of the tape today with the Fed tomorrow, plus we...

Today’s market started as another one of the recent quiet, “wait and see”, days with a slight positive bias. At...

This will be my last post of the day. The averages ae mostly little changed except NASDAQ-100. SP-500 -0.1%, Dow...

Index futures ramped higher on this morning’s economic data (GDP), but drifted lower as mega-caps weakened from noon, despite lower...

The market started the day with a gap up after overnight trade lifted index futures. China’s central bank (PBoC) cut...

I think this morning’s Early Update post title, “Wait and See Mode”, correctly identified the theme of the day early...

When I looked at S&P futures this morning in pre-market they were up +0.6%, with tech-heavy NASDAQ-100 futures doing quite...

$3.4 trillion worth of options expired today. $1.0 trillion notional of single stock options expired today. It’s the largest since...

The stock market put in that oversold bounce I was looking for today. Tuesday the market went short-term oversold and...

We had a strong 1-day oversold signal in internals yesterday, but the popping of the rate cut bubble’s narrative took...

Thus far all of 2024 we’ve observed the market trying to find it’s feet and find a theme and falling...

See the Early Update for today’s comprehensive data including the most recent 3C charts updated for the major averages. It’s...

Today was an interesting, somewhat odd day. Headline CPI came in hotter than expected at 3.4% year over year, from...

There was pretty much nothing of consequence on the macro economic front today, which left stocks and bonds to their...

In last night’s Daily Wrap I emphasized watching the U.S. Dollar Index and it flirting with a break above a...

Mega-caps went from laggards last week to stepping into a leadership role today. The NASDAQ-100 lost -3.1% last week, only...

In reading back the Afternoon Update, while I gave the approximate measured move for a double top the size of...