Category: Daily Wrap

I’m going to keep tonight’s post abbreviated due to market conditions, which were, well…sleepy at best. The bond market was...

Although the average closed strong Monday, the negative 3C divergence in HYG was a yellow flag and that foreshadowed today’s...

Investors are hoping the Santa Rally has legs. Since 1969 the S&P 500 index has averaged a gain of 1.3%...

I have to say that thus far I’m pretty happy with the way Friday’s forecast for this holiday shortened week...

On Friday it looked pretty likely that we’d see some more weakness early this week, pushing the averages to deep...

With all of the extraneous factors this week, not the least of which is today’s quadruple witching options expiration and...

It’s been a strange 24 hours since the FOMC, but stepping back from the details, the one thing that stands...

As anticipated, the Fed left the target range for the fed funds rate unchanged at 0.00-0.25%, but the other factors...

Index futures’ and VIX futures 3C charts didn’t look great for the market going into the overnight session last night....

Index futures started the week modestly higher in pre-market, but before the cash open the Omicron variant was once again...

With most averages filling the gaps and a loss of price momentum yesterday, today’s price action looked like profit taking...

The stock market closed higher for the third straight day on Wednesday, albeit at a more modest pace. Market action...

The market has had 3 things going for it coming into this week. The first is a deep oversold condition....

From Friday’s Afternoon Update… “My guess at this point is that we’ll see an oversold bounce to fill or try...

After worst 2-day drop since October 2020, stocks had their best day best day since October 2021. Sentiment was helped...