Category: Daily Wrap

The decline continued today. The indices gave up yesterday’s gains and then some. The S&P is officially down over 10%...

Most of the major averages closed higher with NASDAQ leading. NVIDIA (NVDA +6.4%) was a big help in that regard....

S&P futures were down -0.65% last night when I closed my screen and up about a half a percent this...

The stock market is back in sell-mode after Friday’s reprieve that followed a 1-day oversold internals signal last Thursday. Growth...

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Other than another day of 1-day oversold internals and the market acting consistently with that, today was a great example...

Yesterday posted the strongest 1-day oversold internals signal of the decline since ABI signals fired off. President Trump’s address to...

I’m going to keep this post on the short side tonight as a lot can change with President Trump laying...

Friday afternoon saw end of month pension fund rebalancing driving stocks higher into Friday’s close, but that’s an end of...

As I suspected and posted last week, “All things being equal and assuming no surprises over the weekend, I’m going...

The stock market got off to a promising start today, led by NVIDIA (NVDA +3.7%) and the mega-cap stocks, many of...

For everything else that’s happening, the primary market driver right now is fear of economic growth slowing more rapidly than...

Index futures sold off ahead of and into the cash open with a handful of mega caps behind the early...

After yesterday’s marginal record new high for the S&P 500, today started out ugly. The major indices made a sharp...

Today with another light economic day and another dullish day for the market. There was a little bit of a...

Today’s market tone was mostly dull and low conviction… at least until the final minutes of trade. We had a...

After nearly 2 weeks of flirting with an ABI signal, we got one at today’s close… ABI (daily) The last...

Like CPI yesterday, the Producer Price Index (PPI) came in hotter than expected this morning. The Producer Price Index for...

The Consumer Price Index (CPI) didn’t go the markets’ way this morning, coming in hotter than expected, accelerating MoM, and...