Category: Daily Wrap

Earlier today the market received disappointing retail sales, industrial production, and homebuilder confidence data which sparked a tumble in the...

The week’s first session started on a flat note, with the major indices dipping into negative territory on no specific...

Today’s session started with a momentum trade on what were initially falling bond yields following the ECB with the 10-year...

CPI came in with the ninth monthly advance in prices, but the February Consumer Price Index (CPI) report didn’t reveal...

According to Bloomberg, China’s National Team (Chinese version of the U.S. Plunge Protection Team) stepped into to support Chinese markets...

After gaining 1%, testing $3875 resistance and working off last week’s oversold condition, the S&P ended half a percent lower....

What a day it has been with the NASDAQ-100 opening 1% higher, down more than 2% this morning, and closing...

It seemed that today was likely to go one of two ways – Powell could have given a nod to...

When I was looking at index futures this morning and preparing the A.M. Update, S&P futures had gained overnight and...

Yesterday market internals put together what I called, “a textbook and strong 1-day overbought condition. ” in last night’s Daily...

March kicked off with a strong oversold rebound rally, likely helped by first-of-the-month inflows. From Friday’s Afternoon Update  “SP-500, NASDAQ-100...

From last night’s Daily Wrap “What tends to be the most important is not whether yields are rising or not,...

Index futures initially gained overnight, but fell sharply in pre-market around 8 a.m. ET with relative weakness in the mega-cap...

After the S&P and NASDAQ closed lower 5 consecutive days, it seemed like the market was getting short-term oversold, but...

The February rally off the S&P’s 50-day is running into trouble over inflation concerns amid unbridled monetary stimulus from the...

The S&P fell -0.45%, although off the worst leves of the day down -1.2% in the morning. Small Caps displayed...

Index futures took a tumble in pre-market after a hotter than expected Producer Price Index reading. The market has been...

The week was set for a positive start. The MSCI World Index (+0.25%) posted a 12th consecutive day of gains...

Index futures started the day modestly higher. There was some notable early weakness led by small caps and Micro Caps,...

The major averages started the day higher after a weaker than expected inflation report before the open. However, shortly after...