Daily Wrap – Gaps Filled
Looking at the averages today you’d think that the Fed was dovish, but that’s the power of oversold markets and...
Daily Wrap
Between the deepest oversold condition (breadth oscillators) of the year, what looked like a short term seller’s capitulation event, easing...
Daily Wrap
Although the day was little changed, there was quite a bit of volatility from the overnight session, to the cash...
Daily Wrap
*This post is a bit longer than usual but I think there’s a lot to cover and wanted to touch...
Daily Wrap
This morning was another ugly open with each of the major averages down -0.8% in early trade, which has been...
Daily Wrap
The U.S. stock market had a good day, rebounding from recent losses after a stronger start than recent days, although...
Daily Wrap
The Consumer Price Index (CPI) came in slightly lower than consensus. This sent index futures jumping higher as slowing inflation...
Daily Wrap – Inside Day
The S&P 500 snapped a five-session losing streak on Monday with a 0.2% gain, although it closed well off session...
Daily Wrap
The S&P extended its losing stream to a rare 4 sessions, the longest losing streak since June. Relevant news included...
Daily Wrap
Yesterday afternoon it looked like we had a little more downside to go, “With 8 of 11 sectors lower and...
Daily Wrap
While it was a fairly weak day for stocks (and bonds and crypto), the NASDAQ did manage to eke out...
Daily Wrap
Today was another relatively quiet, uninspired day ahead of tomorrow’s Payrolls. This is exactly what I expected yesterday. “the day...
Daily Wrap
NASDAQ eked out a record high to start a September that has been surprisingly slow for stocks. New money flows...
Daily Wrap
The S&P ended August with the seventh straight monthly advance — the longest winning streak since January 2018 which ended...
Daily Wrap
Today’s soft Dallas Fed survey’s collapse confirms the recent trend of ‘soft’ survey data catching down to hard data. source:...
Daily Wrap
The market’s rebond momentum has halted as Jackson Hole starts. Today was a bit of a rough day for the...
Daily Wrap
The NASDAQ and S&P eked out new closing highs again on conspicuously low volume. Buyers appeared slightly more interested in...
Daily Wrap
The S&P 500 and NASDAQ rose modestly on Tuesday, setting intraday and closing record highs in a tame session. The...
Daily Wrap
The theme of the day was last week’s worst performing stocks, sectors and groups ( as well as commodities) were...
Daily Wrap
The Large-Cap indices closed mixed, but little changed. Small Caps had a horrible day as did Dow Transports. Yesterday’s weak...