Category: Daily Wrap

So far we’ve been watching price action morph from short-term bearish with the negative reaction to the mid-December FOMC. Price...

This isn’t turning out to be the January that many investors hoped for after Santa refused to visit Wall Street. For...

Coming into the week, conditions for the kind of bounce we got today were improving, whether technical support nearby for...

Today was the last day of the seasonal Santa rally, which ended up as a flop. The SPX ended the...

I was looking forward to today as Window Dressing is no longer a factor so perhaps we’d start to see...

It was another ugly day for the averages, following through on a small bear flag from Friday’s intraday session and...

Today was a lackluster session. Stocks were very little changed and split down the middle on either side of unchanged....

Stocks traded in thin conditions ahead of the Christmas / Santa Rally period. The averages ultimately closed mixed, but with...

The stock market started the session modestly stronger after the major indices registered sharp declines yesterday in response to the...

The first half of the day was slow with a positive bias (FOMC drift). There’s not much to talk about...

There’s all kinds of ugly market breadth and records being set or broken this week as you’ll see below, but...

Today began the last full trading week of December and 2024. For U.S. stocks, economic data didn’t matter. Higher Yields...

The market’s fluidity and lack of trend continued today. Yesterday was buy everything except bonds. Today was sell everything, except the...

This morning’s CPI was the last piece of important economic data of the year. Of course next week we have...

The stock market extended this week’s losses, reflecting ongoing profit-taking after last week’s record highs. Some indicators are pointing to...

By the time we got to the end of last week, there was a clear trend of selling into mega...

This was going to be the Afternoon Update, but I think we’ll call it the Daily Wrap. Last week Small...

Today’s market activity was relatively subdued after yesterday’s. We did see some signs of weaker tone this afternoon (see the...

Last night’s relative performance in Index futures gave a hint as to today’s market performance. Nasdaq-100 and the Dow had...

There wasn’t a lot of conviction in the market today. Upside moves were driven largely by mega cap gains this...