Category: Daily Wrap

In last night’s Daily Wrap I talked about how I thought the averages would trade lower today, but would likely...

Today started out fairly well after Intel (INTC -2.3%) announced plans to invest $20 billion to build two semiconductor manufacturing...

The averages got off to a mixed, but largely flat start. There was an early buying surge in the S&P...

The NASDAQ-100 and large-cap Tech had a good day as long term yields continued their pullback after reaching a 14...

Just last night I wrote, “I almost always warn before FOMC days to beware the knee jerk reaction right after...

The market started out on a downbeat note, especially the NASDAQ-100 as bond yields jumped before the open. At one...

Earlier today the market received disappointing retail sales, industrial production, and homebuilder confidence data which sparked a tumble in the...

The week’s first session started on a flat note, with the major indices dipping into negative territory on no specific...

Today’s session started with a momentum trade on what were initially falling bond yields following the ECB with the 10-year...

CPI came in with the ninth monthly advance in prices, but the February Consumer Price Index (CPI) report didn’t reveal...

According to Bloomberg, China’s National Team (Chinese version of the U.S. Plunge Protection Team) stepped into to support Chinese markets...

After gaining 1%, testing $3875 resistance and working off last week’s oversold condition, the S&P ended half a percent lower....

What a day it has been with the NASDAQ-100 opening 1% higher, down more than 2% this morning, and closing...

It seemed that today was likely to go one of two ways – Powell could have given a nod to...

When I was looking at index futures this morning and preparing the A.M. Update, S&P futures had gained overnight and...

Yesterday market internals put together what I called, “a textbook and strong 1-day overbought condition. ” in last night’s Daily...

March kicked off with a strong oversold rebound rally, likely helped by first-of-the-month inflows. From Friday’s Afternoon Update  “SP-500, NASDAQ-100...

From last night’s Daily Wrap “What tends to be the most important is not whether yields are rising or not,...

Index futures initially gained overnight, but fell sharply in pre-market around 8 a.m. ET with relative weakness in the mega-cap...

After the S&P and NASDAQ closed lower 5 consecutive days, it seemed like the market was getting short-term oversold, but...