Category: Daily Wrap

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...

This entire week’s theme has been a rotation/rebalancing between that which performed best last quarter (Q1) which includes cyclicals and...

Today was another narrow-ranged trading session, except Small Caps with notable relative weakness. Mega-caps provided influential support for the other...

Pushback from both sides of the aisle against President Biden’s pork-laden $2.25 trillion idea that is the ‘American Jobs act’...

Last week when the stock market was closed for Good Friday, the March employment report showcased 916,000 additions to nonfarm...

Today was the last day of the quarter. A quarter in which stocks dramatically outperformed bonds, and value outperformed growth....