Category: Daily Wrap

I was looking forward to this week as traders come back to their desks after a holiday-shortened week of light...

The stock market saw another broad-based rally, but a much more uneventful session a day before the Thanksgiving holiday. Averages...

The market posted a broader-based advance today, even as Nvidia and AMD weighed on Semis and the Tech sector. Investors...

I’ve had SPX $6550 flagged for 5 or 6 weeks as key level of interest and support zone. The 100-day...

The short-term price trend, although significantly relieved today, is still down. SPX (15m) – Although at a key area. NDX...

Well, that was fun. I’m reminded of my question in Wednesday’s Daily Wrap:  It makes you wonder why SoftBank and...

The averages got off to a strong start until S&P futures hit a brick wall just above $6700. (1m) Goldman...

Weakness lingered in Tech, Mega caps and Semis on Tuesday. Selling wasn’t as broad-based as Monday.  I suspect that’s because...

I still lean toward a bearishly-biased consolidation into Nvidia’s earnings Wednesday after the bell — prices grinding around key technical...

The market faced several issues this week. Kimi K2’s open-source model performs at a fraction of GPT-level cost and that...

This week’s bounce kicked off strong with mega caps leading, but with some hints of trouble that progressed: Monday’s Oracle...

The stock market posted another mixed showing. Despite index futures and pre-market activity hinting at Tech and growth stocks outperforming...

The day was relatively quiet, in line with yesterday’s 1-day overbought internals. Renewed AI concerns drove rotation, reversing yesterday’s Momentum...

Last week was the market’s worst week since April, but ended  the week by running right into multiple Technical Support...

First things first. Two the two main themes covered in Wednesday’s Daily Wrap Summary section were the state of the...

Today had all the hallmarks of 1-day oversold internals–which we came close to Tuesday, but not technically there– coinciding with...

Index futures tracked lower overnight with the catalyst being AI-related valuation concerns. Palantir Technologies (PLTR -7.95%) moved sharply lower despite...

The first day of the new month was mixed across averages and sectors, supported by narrow mega cap leadership. Like...

Sensing that the market overestimated Sunday’s trade developments and suspecting last night’s U.S./China trade talks might be a sell the...

The stock market had a rather eventful session ahead of the FOMC, then things got interesting. I noted yesterday, “I...