Category: Daily Wrap

I’m just going to say it plainly. Today was a really dull cash session. The major indices traded in relatively...

Another light day on the macro economic data front and a benign environment in rates should have provided a nice...

The stock market followed through on Friday’s gains with the market pushing through local price resistance and technical resistance levels...

There’s not much to add to today’s updates. We have price and technical resistance here as the market’s oversold bounce...

Index futures gained overnight, but gaining in what I described this morning as, “a steady upward slope throughout the overnight...

The major indices traded in relatively narrow ranges in the early going as investors looked ahead to this afternoon’s FOMC....

Today’s downside bias in the stock market was driven by a jump in market rates, initially sparked by this morning’s...

The stock market traded modestly higher through most of the session today, following through on the averages’ best week since...

Here are a few excerpts from last Friday’s Afternoon Update (after a horrendous week): “I still think we get some...

The major indices closed with declines, but staged a big recovery off their lows for the session after the S&P...

Despite positive responses to earnings from influential names like Tesla (TSLA), Visa (V), and Texas Instruments (TXN), that fueled initial...

Today saw follow-through buying of a broad-based nature. Some decent earnings results out of the Industrial sector and the Consumer...

Today was a pretty easy day for the market to rally in that there was no escalation of geopolitical events...

Like recent sessions this week, early buyer enthusiasm faded. The S&P 500 and NASDAQ Composite each traded up as high...

Once again early buying faded quickly with no specific news catalyst to account for the change. The S&P slid below...

I wouldn’t consider today to be volatile, but rather consolidative. Choppiness, however, increased in afternoon trade as markets reacted to...

The weekend events came and went. Iran attacked Israel from Iranian territory, which I believe is an inflammatory or exacerbating...

Today’s focal point is potential, if not probable, mid-east conflict with Iran expected to attack Israel. I talked a little...

Stocks logged sizable declines and Treasuries settled with sharp losses following a hotter than expected March Consumer Price Index ....