Category: Daily Wrap

When the averages close at the session’s low, such as yesterday, you can be reasonably sure that the next morning...

Not too surprisingly the morning and early afternoon sessions lacked conviction ahead of the FOMC policy announcement.  The market clung...

The stock market kicked off November on an upbeat note. The S&P 500, Dow, and NASDAQ were up +1.0%, +1.5%,...

The last trading session in October had a slight negative disposition. Part of that could be attributed to some normal...

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Today’s trade was mixed as the market reacted to a slew of earnings reports since yesterday’s close. There were also...

Today was probably more volatile than apparent at the surface level of just a stock-only perspective. The Chinese Yuan surged...

First let me apologize for this post being so late. My web hosting had a major blackout across the U.S....

Index futures had a fairly chaotic overnight session, and the U.S. cash session started on a mixed note with the...

US equity futures were choppy overnight, reflecting similar choppy trade in Treasury futures, but early cash session trade was quite...

S&P futures gained over 1% last night, as you know, this is not my preferred scenario coming at this from...

In the overnight futures’ section of last night’s Daily Wrap I said, “S&P futures are up +0.7% tonight. I’d prefer...

While Friday’s market performance was not the kind of follow-through bulls want to see (more on the reasons why Friday...

Last night I had a lot to share and noted that the dull, lackluster low conviction days of trade are...

*My apologies that this post is much later than what I typically shoot for, but in more than 2 decades doing...

Today’s trade started on a downbeat note, saw an early recovery lasting into the afternoon, and ended on a downbeat...