Category: Daily Wrap

For most of the month of May I have been following what appeared to be a basing process, and ultimately...

Index futures slipped lower overnight due to multiple concerns including: China COVID lockdowns; Russia stepping up military efforts in eastern...

Yesterday was a pretty strong day with marginally 1-day overbought internals conditions. Although by last night’s Daily Wrap, Snap Inc. ...

Everything of real importance for the market in the near term, took place Friday. In fact you can read most...

I’m going to get this post out a bit earlier than usual because the close could be very meaningful. I’ve...

Today’s session was very choppy and uneven, but it was far better than yesterday, and probably better than it looks...

Yesterday the market posted 1-day overbought internals, which typically means we’re in for a consolidation the next day, or at...

After bullish consolidations in the major averages yesterday, price broke out of them today with the benchmark S&P-500 index gaining...

After a weak start last week, on Friday the S&P put in a weekly bullish hammer by Friday’s close, and...

The market has been bearish all week, in fact trading like a typical bear market, or maybe a bit worse...

The session started on a strong note for the market as the S&P 500 rallied as much as +1.9% amid...

The S&P fell below $4k in a broad-based retreat today, although led by the Growth stocks (-4.1% vs. Value -2.8%)...

I have to say that I’m not fond of hyperbole when it comes to market analysis, but if there ever...

The S&P was down about -0.6% at session lows, then rallied 3.0% after Fed Chair Powell said the Fed was...

I can’t say today was the most impressive day in equity land, but we did get some follow through from...

The first trading day of the month had picked up where April left off — the path of least resistance...