Category: Daily Wrap

Strong gains in index futures before the open gave the impression that today would be a decent day for the...

As I pointed out earlier today,  there seems to be a rotation attempt in both defensive sectors and Small Caps,...

Semis dragged the market lower this morning; first after a Bloomberg report that the Biden administration is looking at curbing sales...

The S&P and Dow closed at new record highs on this Columbus Day holiday, even as the Dollar was higher...

After a pretty much flat week last week, this week all of the averages gained a similar amount. The S&P...

Gold futures settled +1.4% higher to $2,676.30/oz, climbing out of the red on Friday to end higher by about +0.3%...

There was a negative bias in the stock market through the entire session after probabilities favored 1-day overbought internals yesterday....

Apologies for the late post. It’s been a a crazy day for me between electric & internet outages, and running...

Yesterday afternoon I pointed out that the SPX and NDX were toward the bottom of their ranges and everything except...

The market had a negative tone from the get-go as crude oil prices rose and yields along with. Selling increased...

https://youtu.be/WIbCG_FONoU...

The market continues to hesitate in dullish trade, although WTI Crude Oil was on fire, breaking out above $72 on...

I’m going to keep tonight’s post on the short side, but do make sure to see the Summary section. Most...

Today was a busy day, although it was actually pretty quiet in pre-market with S&P futures down just -0.1%. Suddenly,...

Today ends the third quarter, the quarter that lost market leadership in mega caps and the AI trade. That loss...

https://youtu.be/DBrp7LzcABA      ...

U.S. markets had a lot of reason to post a very strong day. Micron (MU +14.75%) beat earnings, raised guidance,...

The People’s Bank of China provided another piece of policy stimulus, cutting its Medium-Term Lending Facility by 30 basis points...

Overnight China added to stimulus measures. The People’s Bank of China  (PBoC) said the 7-day reverse repurchase rate will be...

Today was another dull day following the excitement in the run-up to, and immediate aftermath of last week’s Fed. Friday’s...