Daily Wrap
I wouldn’t consider today to be volatile, but rather consolidative. Choppiness, however, increased in afternoon trade as markets reacted to...
Daily Wrap – Not Just Geopolitical Risk
The weekend events came and went. Iran attacked Israel from Iranian territory, which I believe is an inflammatory or exacerbating...
Afternoon Update – A Bigger Inflation Problem
Today’s focal point is potential, if not probable, mid-east conflict with Iran expected to attack Israel. I talked a little...
Daily Wrap – HOT CPI and PPI Up Next
Stocks logged sizable declines and Treasuries settled with sharp losses following a hotter than expected March Consumer Price Index ....
Daily Wrap – Reflation
First off, thanks for your patience, understanding and thanks for the well wishes. Since Saturday morning I think I’ve had...
Afternoon Update – Not a Pretty Week For Stocks, But Great For Gold, Oil and Yields.
Circling back to the March Jobs report which came in with a solid 4-sigma beat — Full-time jobs actually saw...
Daily Wrap – Geopolitical Events and Crude Oil Gains Spark Intraday Sell-Off
After Tuesday’s gap down open I outlined 2 probabilities and two expectations that are a big part of listening to...
Daily Wrap
Broadly speaking, today’s trade featured mostly positive price action after a soft start to the day. Buying activity picked up...
Daily Wrap – Failed Breakouts
There were no changes in rate cut expectations following this morning’s data, which suggests, as posted in the A.M. Update,...
Daily Wrap
We’re 1-day into Q2 and inflation was the dominant theme today. The February Personal Spending and Income report, released Friday...
Afternoon Update
First, summing up the day as a lack of conviction is an overstatement. Of course we are heading into an...
Daily Wrap
Today was a little different than yesterday. The theme of quarter end dynamics was still front and center, just at...
Daily Wrap – Late Day Sell Programs
There weren’t any major tier 1 economic data points today, but what economic data we did get was mixed. “Soft”,...
Daily Wrap
Today was a quiet day with the highlight being not-so-great New Homes Sales and a weaker than hoped, Dallas Fed...
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Update on TheTechnicalTake.net… The final step in the process s exporting all member data from usernames, emails, Paypal subscriber ID’s,...
Afternoon Update (And Daily Wrap)
***A quick message. It’s rare for me to miss a Daily Wrap, but tonight there will be no DW post....
Intraday Update – QQQ & Apple
2:50 p.m. ET ***First a quick message. It’s rare for me to miss a Daily Wrap, but tonight there will...
Daily Wrap – FOMC
The stock market finished strong today, leaving some major indices at fresh record highs. The S&P 500 closed above 5,200...
Daily Wrap – FOMC Eve
I mentioned I read a note from Goldman Sachs earlier this week in which they felt that Nvidia’s big reveal...
Daily Wrap
The stock market had its best moments in the first hour of trading, and then it faded from those best...