Category: Daily Wrap

At the end of Monday’s Afternoon Update I posted, “I suspect we see the averages consolidate/correct a bit here around...

Small Caps led at the cash open in what was an apparent attempt at (day-to-day) rotation as suspected yesterday. The...

Investors’ concerns over inflation remained on the backburner amid a lull in macro economic data and a number of Fed...

Large-cap Tech followed up on yesterday’s stronger relative performance. Additionally helping these stocks, bonds were bid sending yields lower ....

The overnight and morning session for index futures was an ugly one with follow through selling from yesterday afternoon. It...

The averages started the day flattish after most index futures met resistance overnight at Sunday’s high. NASDAQ-100’s early relative strength...

Friday major averages like the NASDAQ-100, and key sectors  like Tech, had a solid oversold bounce, getting the market out...

***I’m sorry this post is later than usual. GoDaddy’s servers in my region were down until recently. After a rough...

Here are some excerpts from Friday April 30th’s Afternoon Update almost 2 weeks ago….  ” …we may have just seen...

Yesterday NASDAQ-100 broke down after a failure of local support at a large consolidation. Commodities signalled a risk aversion that...

The day started out with futures reflecting an investor preference for large-cap Dow and cyclical stocks, while large-cap Tech was...

Today was a fairly volatile session with a majority of S&P sectors green early, then all of them red this...

After holding multiple technical support levels yesterday, and Treasury Secretary and former Fed chair, Janet Yellen, backpedalling yesterday’s comments, prices...

From the Summary of last night’s Daily Wrap… “During the course of the week I would not be surprised to...

Today was the first day of May, which is historically the start of the worst performing 6 months for the...

We finally saw some price volatility for the first time this week, and it’s probably not coincidental that it was...

For a third consecutive day the S&P traded in a very tight range and barely moved by the close. The...

Yesterday was a lackluster day of trade inside an exceptionally narrow range. Today was a virtual carbon copy ahead of...

Friday’s market internals leaned toward 1-day overbought and if you recall last week, we got a 1-day overbought and 1-day...

After a bounce trying to back-test the broken April trend line that resulted in a 1-day overbought condition yesterday, the...