Category: Daily Wrap

***I’m sorry this post is later than usual. GoDaddy’s servers in my region were down until recently. After a rough...

Here are some excerpts from Friday April 30th’s Afternoon Update almost 2 weeks ago….  ” …we may have just seen...

Yesterday NASDAQ-100 broke down after a failure of local support at a large consolidation. Commodities signalled a risk aversion that...

The day started out with futures reflecting an investor preference for large-cap Dow and cyclical stocks, while large-cap Tech was...

Today was a fairly volatile session with a majority of S&P sectors green early, then all of them red this...

After holding multiple technical support levels yesterday, and Treasury Secretary and former Fed chair, Janet Yellen, backpedalling yesterday’s comments, prices...

From the Summary of last night’s Daily Wrap… “During the course of the week I would not be surprised to...

Today was the first day of May, which is historically the start of the worst performing 6 months for the...

We finally saw some price volatility for the first time this week, and it’s probably not coincidental that it was...

For a third consecutive day the S&P traded in a very tight range and barely moved by the close. The...

Yesterday was a lackluster day of trade inside an exceptionally narrow range. Today was a virtual carbon copy ahead of...

Friday’s market internals leaned toward 1-day overbought and if you recall last week, we got a 1-day overbought and 1-day...

After a bounce trying to back-test the broken April trend line that resulted in a 1-day overbought condition yesterday, the...

Monday and Tuesday losses were driven by concern over a flare-up in coronavirus cases around the world that could jeopardize...

The S&P declined for a second day on no specific news and no economic data. However, there is concern over...

There was little economic data to move the market, yet yields rose, large cap tech fell, and volatility outperformed despite...

***After the A.M. Update this morning, GoDaddy servers had trouble across the country including my website. You may have seen...

Growth stocks took the brunt of the selling today. Given that NASDAQ-100 looked the best before the open, the weakness...

The S&P 500 (+0.3%) set intraday and closing record highs on Tuesday, even after the FDA and CDC recommended that...

It was a fairly lackluster day in which the averages ended slightly lower within the context of a lot of...