Daily Wrap – Producer Price Index Reflating At Fastest Pace in 12 Months
The three important stories for the market today were 1) Much Hotter than Expected Inflation in the Producer Price Index;...
Afternoon Update / Daily Wrap
Today is my mother’s 80th birthday, so we’re going to celebrate her. There will be no Daily Wrap tonight, but...
Afternoon Update
The day was duller than I expected given the early action after the University of Michigan Consumer Sentiment report. We do...
Daily Wrap – Jobs Detiorating, SPX Measured Move Met
In last Friday’s Afternoon Update I wrote, “I expect next week will be fairly smooth sailing [for stocks] with earnings...
Daily Wrap
I’m just going to say it plainly. Today was a really dull cash session. The major indices traded in relatively...
Daily Wrap – SPX $5200 (and 23 cents)
Another light day on the macro economic data front and a benign environment in rates should have provided a nice...
Daily Wrap – Closing in on Measured Moves and Gap Fills
The stock market followed through on Friday’s gains with the market pushing through local price resistance and technical resistance levels...
Afternoon Update
There’s not much to add to today’s updates. We have price and technical resistance here as the market’s oversold bounce...
Daily Wrap
Index futures gained overnight, but gaining in what I described this morning as, “a steady upward slope throughout the overnight...
Daily Wrap – FOMC
The major indices traded in relatively narrow ranges in the early going as investors looked ahead to this afternoon’s FOMC....
Daily Wrap – Economic Data Adds Slowing Growth to Rising Inflation
Today’s downside bias in the stock market was driven by a jump in market rates, initially sparked by this morning’s...
Daily Wrap
The stock market traded modestly higher through most of the session today, following through on the averages’ best week since...
Afternoon Update
Here are a few excerpts from last Friday’s Afternoon Update (after a horrendous week): “I still think we get some...
Daily Wrap – The Higher Low Is In. Things Are Getting VERY Interesting
The major indices closed with declines, but staged a big recovery off their lows for the session after the S&P...
Daily Wrap – Does META Give Us The Higher Low?
Despite positive responses to earnings from influential names like Tesla (TSLA), Visa (V), and Texas Instruments (TXN), that fueled initial...
Daily Wrap – Here’s What To Watch For Next (And some new indicators)
Today saw follow-through buying of a broad-based nature. Some decent earnings results out of the Industrial sector and the Consumer...
Daily Wrap – Oversold Rebound Tone
Today was a pretty easy day for the market to rally in that there was no escalation of geopolitical events...
Afternoon Update
I’ve been picking up yellow, orange and eventually red flags most of the year. I’ve stuck to my guns on...
Daily Wrap – 2024 YTD Winners Continue To Be Sold
Like recent sessions this week, early buyer enthusiasm faded. The S&P 500 and NASDAQ Composite each traded up as high...
Daily Wrap – CTA’s Strike
Once again early buying faded quickly with no specific news catalyst to account for the change. The S&P slid below...