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Daily Warp – Ugly Day and Close Ahead of Powell’s Jackson Hole Symposium Address
In my last post I shared that I was laying in bed last night, watching “Industry” on MAX (a show...
Daily Wrap
The Stock and Treasury market added some gains today, while the U.S. Dollar Index fell. The catalysts… The second largest...
Daily Wrap
The 8-day win-streak was broken after a 1-day overbought internals signal yesterday. The averages were modestly lower with Small Caps...
Daily Wrap – An Ugly September on Deck?
It has been quite a month in the markets. From stairs up, to elevator down, to wrist-rocket back up. There...
The Market Got What It Wanted, But The Saying, “Be Careful What You Wish For”, Comes To Mind
Or at least, “Pay attention to the rest”. After a strong rebound in stocks this week that eliminates any vestige...
Daily Wrap
The stock market registered solid gains in a broad-based advance after the week’s two most important economic data points came...
Daily Wrap – CPI Disappoints
Today was kind of a strange day. I suppose you could sum it up as , after PPI’s disinflationary surprise,...
Daily Wrap
S&P futures were already up +0.4% at 8 a.m. ET this morning before PPI. The July Producer Price Index (PPI)...
Daily Wrap
The major averages today were fairly quiet at the price-percent change level (Small Caps excluded), but intraday price action was...
Daily Wrap
Initial Jobless Claims came in slightly better than expected, although Continuing Jobless Claims hit a 33-month high. The market took...
Daily Wrap
Early market gains faded after yesterday’s 1-day overbought internals. The S&P 500, which was trading up as much as +1.7%...
Daily Wrap
Yesterday’s internals were textbook 1-day oversold, and in a big way. Furthermore, breadth oscillators have only been as oversold as...
Daily Wrap
It’s not often you see the S&P-500 drop -3% in a single day, but today’s story started overnight in Japan...
Stock Market Video Update – Carry Trade Crash Down Leads to a Sea of Red
Index futures are a Sea of Red tonight and the culprit? The collapse of the Dollar Yen (-2.35%) as the...
Afternoon Update – Weak Consolidations Starting To Form
Weakness in mega caps after earnings reports from Apple (AAPL) and Amazon.com (AMZN) Downside follow-through as the possibility of a...
Daily Wrap – Time To Pay Attention
The stock market settled near session lows, leaving the major indices with solid declines. There are a lot of reasons...
Daily Wrap – FOMC
Microsoft (MSFT -1.1%) was lower after reporting earnings, but index futures jumped overnight following results from Advance Micro Devices (AMD +4.35%) and...
Daily Wrap
The stock market was mixed today, although it had a downbeat feel owning to outsized losses in Technology and the...
Daily Wrap
Three major indices settled little changed from prior closing levels, continuing in the the latter part of last week’s consolidation...