Category: Daily Wrap

The market has had 3 things going for it coming into this week. The first is a deep oversold condition....

From Friday’s Afternoon Update… “My guess at this point is that we’ll see an oversold bounce to fill or try...

After worst 2-day drop since October 2020, stocks had their best day best day since October 2021. Sentiment was helped...

Last night I showed many of last week’s yellow flags, turning orange or red. This morning equity futures were unexpectedly...

What a day of surprises to end the month. The session started modestly lower after Moderna’s (MRNA -4.4%) CEO told the Financial...

From Friday’s Afternoon Update, ” the market’s attention may shift over the holiday weekend, turning to what are likely to...

A day is a day, not a trend, but today looks to be a pretty serious watershed day as the...

I’m going to keep this short ahead of the Thanksgiving holiday. Really not that much happened in the broad market,...

Today was less chaotic and less of a watershed day compared to yesterday, but did see follow through in both...

Index futures started the holiday shortened week on a positive note (Thanksgiving holiday, usually a bullish seasonal bias), but the...

Once again there was a lot of action at the cash open. Index futures were higher in pre-market, but dumped...

All of the averages ended lower in what became a defensively biased session. Like yesterday, the markets focus was primarily...

Early price action was muted despite some fairly significant economic reports and hawkish Fed commentary. Around 11 a.m. the major...

Index futures came into pre-market with some modest gains, even after weaker Chinese economic data, but they fell at the...

With a 1-day oversold condition in equities (internals) and no economic data today, plus the Treasury market closed for Veteran’s...

This morning’s CPI report is one of the most anticipated reports of the week. It followed yesterday’s hot PPI, and...

Can one stock tank the market, at least on today’s scale? Well Tesla (TSLA -11.99%) did its part to be...

The averages had a fairly quiet, dull day. US index futures moved higher this morning after a quiet start with...

This week the Fed took the first step toward tightening monetary policy. 18 months ago when the Fed had its,...