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...
Daily Wrap
Last week ended on a bad note, and the new week started on an even worse note. Futures were already down...
Afternoon Update
Summarizing as we head into the close, the market in one form or another has shown nervousness all week coming...
Daily Wrap – Market Fearful of Tomorrow’s CPI
This morning, as of the Early Update, it felt like one of the dullest early sessions of the last week...
Daily Wrap
The major averages slipped today on rising energy costs and renewed angst about the economic and earnings growth outlook. A...
Daily Wrap
I don’t usually, but might as well have a tiny bit of silliness and call today, “Turn-Around Tuesday”. It was...
Daily Wrap
A stock market that moved higher in broad-based fashion at the start of today’s trading ended the day mixed. Index...
Afternoon Update
As the day has gone one and I prepare for the final post of the day, I find myself coming...
Daily Wrap
For most of the month of May I have been following what appeared to be a basing process, and ultimately...