Category: Daily Wrap

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...

Notice how the market was much calmer today. I attribute a big part of that to yesterday’s 1-day oversold internals,...

*First, my apologies for the late hour of this post, but there’s a lot to convey as we are nearing...

Happy New Year! We didn’t have to wait long for some ugly stock market action in 2024. The mega-caps were...

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It was another dull day for the major stock indices, but I have some useful info for you below. The...

It was pretty slow day so I’m going to keep tonight short, but cover the more meaningful developments which tended...

The stock market closed with gains this “Boxing Day” session amid the Santa Claus rally period, which includes the last...

We had a little bit of a taste of Wednesday’s afternoon ugliness this afternoon and like Wednesday, there was no...

In spite of yesterday’s notable weakness in stocks yesterday, I noted in last night’s Daily Wrap, ” with all 11...

Today’s trade started out, and spent most of the day, extremely dull, which made sense after yesterday’s 1-day overbought internals...

Overnight one of the events of the week was the Bank of Japan’s policy meeting as some BOJ officials hinted...

The next two weeks into year end are going to increasingly see fewer and fewer market participants as trading desks...

In this quick addendum to the Afternoon Update, I’m wondering just what the heck is happening at the Fed? Powell’s...

The S&P was up 6 consecutive days coming into today and 7 weeks in a row. I think this pendulum...

***I’ve had a lot of 12 to 16 hour days the past few weeks and I don’t like posting the...

Stocks initially traded in a cautious manner today despite some welcome disinflation seen in the November Producer Price Index. Market...