Daily Wrap
Index futures got the week started on a fairly solid footing, until coming into the cash market where things went...
Afternoon Update
So far (before the close) here’s how the averages fared on the week: On the week SP-500 +2.25%, Dow +1.7%...
Daily Wrap – Mega-Caps Do The Heavy Lifting
Relatively negative headlines this morning fueled lingering growth concerns that led the stock market to a modestly lower open, although...
Daily Wrap
After 1-day oversold internals yesterday, the market’s focal point rotated back to mega-caps lifting the NASDAQ-100 and a resumption of...
Daily Wrap
Monday’s start was impressive, but it was disconcerting how Apple’s hiring plans could turn the entire market. Today might as...
Daily Wrap – One Bad Apple
Index futures started the week on a positive note, with positive corporate news from Goldman Sachs (GS +2.5%) and Boeing (BA -0.01%). Goldman...
Afternoon Update
Coming into this week, both price resistance and 3C charts suggested we were heading for some consolidative/corrective activity in stocks...
Daily Wrap
I’m not even sure where to start with today’s market action, but let’s just say that the pre-market was very...
Daily Wrap
The event of the day, and probably the week, was today’s inflation data in June’s CPI. We have seen energy...
Daily Wrap
After yesterday’s weak close and some bearish price action in a few of the major averages intraday yesterday, I expected...
Daily Wrap
As of Friday’s Afternoon Update, it looked pretty likely that the averages would spend some time early this week consolidating/correcting...
Afternoon Update
Although it has been a volatile day in intraday trade from the Payrolls report, we’re set to end very little...
Daily Wrap
Averages The market opened on a high note and built on those gains with each of the indices exhibiting a...
Intraday Update -Session Highs
2:29 p.m. ET The averages continue building on yesterday’s gains with NASDAQ-100 and Small Caps leading, this despite a massive...
Daily Wrap
The early going market action was marked by a lack of buyer conviction, continuing the overnight consolidation phase ahead of...
Daily Wrap
Coming back from the extended July 4th holiday weekend, the fireworks were on full display in global equity markets, but...
Afternoon Update
The S&P and Dow are hanging around levels I mentioned earlier as potential op-ex price pins. The two averages haven’t...
Daily Wrap
The averages had a super-weak day, erasing all of the post FOMC/Powell gains from yesterday and then some. On the...
Daily Wrap
The market rallied today before and after the FOMC policy statement, which says something, but recall too that breadth oscillators...
Daily Wrap
The overnight futures market saw some brief strength with the S&P futures up over +1% and NASDAQ-100 futures up over...