Category: Daily Wrap

The scenario outlined yesterday in the Afternoon Update and Daily Wrap unfolded nicely today. NASDAQ-100 was down as much as...

I often say that equities are the last to get the message. For weeks now market-based measures (STIRs) have been...

Index futures trended higher overnight and in pre-market after a round of fairly strong Manufacturing data from Asia and Europe,...

Index futures drifted higher with Europe to start the week, although as noted in the A.M. Update, 3C was negatively...

I’m going to keep tonight’s post abbreviated due to market conditions, which were, well…sleepy at best. The bond market was...

Although the average closed strong Monday, the negative 3C divergence in HYG was a yellow flag and that foreshadowed today’s...

Investors are hoping the Santa Rally has legs. Since 1969 the S&P 500 index has averaged a gain of 1.3%...

I have to say that thus far I’m pretty happy with the way Friday’s forecast for this holiday shortened week...

On Friday it looked pretty likely that we’d see some more weakness early this week, pushing the averages to deep...

With all of the extraneous factors this week, not the least of which is today’s quadruple witching options expiration and...

It’s been a strange 24 hours since the FOMC, but stepping back from the details, the one thing that stands...

As anticipated, the Fed left the target range for the fed funds rate unchanged at 0.00-0.25%, but the other factors...

Index futures’ and VIX futures 3C charts didn’t look great for the market going into the overnight session last night....

Index futures started the week modestly higher in pre-market, but before the cash open the Omicron variant was once again...

With most averages filling the gaps and a loss of price momentum yesterday, today’s price action looked like profit taking...

The stock market closed higher for the third straight day on Wednesday, albeit at a more modest pace. Market action...