Daily Wrap – S&P Makes Its First Lower Low Of The Nine-Plus Week Rally
Notice how the market was much calmer today. I attribute a big part of that to yesterday’s 1-day oversold internals,...
Daily Wrap – The Message of the Market
*First, my apologies for the late hour of this post, but there’s a lot to convey as we are nearing...
Daily Wrap
Happy New Year! We didn’t have to wait long for some ugly stock market action in 2024. The mega-caps were...
Stock Market & Economic Forecast 2024 (Video Update)
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Afternoon Update
I’m not sure I’d make too much of today, but the average that’s lost the most today (Small Caps -1.1%...
Daily Wrap
It was another dull day for the major stock indices, but I have some useful info for you below. The...
Daily Wrap
It was pretty slow day so I’m going to keep tonight short, but cover the more meaningful developments which tended...
Daily Wrap
The stock market closed with gains this “Boxing Day” session amid the Santa Claus rally period, which includes the last...
Afternoon Update
We had a little bit of a taste of Wednesday’s afternoon ugliness this afternoon and like Wednesday, there was no...
Daily Wrap
In spite of yesterday’s notable weakness in stocks yesterday, I noted in last night’s Daily Wrap, ” with all 11...
Daily Wrap – Pin, Meet Bubble
Today’s trade started out, and spent most of the day, extremely dull, which made sense after yesterday’s 1-day overbought internals...
Daily Wrap -Sentiment Extreme
Overnight one of the events of the week was the Bank of Japan’s policy meeting as some BOJ officials hinted...
Daily Wrap -Sentiment Hits Extreme Greed
The next two weeks into year end are going to increasingly see fewer and fewer market participants as trading desks...
What’s Happening At the Fed?
In this quick addendum to the Afternoon Update, I’m wondering just what the heck is happening at the Fed? Powell’s...
Afternoon Update – Hedge Fund Shorts Throwing in the Towel
The S&P was up 6 consecutive days coming into today and 7 weeks in a row. I think this pendulum...
Daily Wrap – Hedge Funds Obliterated As We Near Euphoric Levels
***I’ve had a lot of 12 to 16 hour days the past few weeks and I don’t like posting the...
Daily Wrap – The Stock Market Has No Clue That The Fed Just Told Us That They’re Positioning For Recession Fighting
Stocks initially traded in a cautious manner today despite some welcome disinflation seen in the November Producer Price Index. Market...
Daily Wrap – Bull Trap Conditions Are Coming Along
The stock market started the session on a mixed note. Initially, Treasury yields moved higher and stocks struggled near yesterday’s...
Daily Wrap – Stocks Up, Mega-Caps Out, Bitcoin and Gold Slammed Lower
Monday’s trade was a brief window of calm before things really pick up with economic data, several central bank policy...
Weekend Update: Bull Trap Setting Up?
I was going to put out a video this weekend. I spent most of Sunday outlining the key points to...