Category: Daily Wrap

I expected that all other things equal, the market would be sideways and choppy for earnings season with the S&P...

Today was another indecisive session for stocks that are currently fixated on the latest he-said, she-said stimulus headlines. Pelosi said...

NASDAQ ended its 5-day losing streak with a green close. Yesterday’s Internals depicted a 1-day oversold condition and the S&P...

The market ended last week with a loss of momentum on the weekly charts. SP-500 (weekly) as of Friday’s close...

Yesterday was an odd day in that if you took price action for the major averages in a vacuum, price...

The British Pound bounced on news the U.K. would not walk away from Brexit talks and that allowed the U.S....

A day after USD/JPY traded below its trend line, the major indices snapped four-session winning streaks. NASDAQ and the three...

The stock market had its best day since April with steady advance driven by the mega-cap stocks. The Nasdaq-100 outperformed...

A couple of weeks ago the S&P had fallen over -10% and the NASDAQ-100 had fallen more than -14%. The...

Today was a lackluster day in which nothing spectacular happened – a good day for my doctor’s appointment. News that...

Averages bounced back today primarily driven by renewed stimulus hopes and secondarily by coronavirus-related optimism. After yesterday’s Trump tweet effectively...

A few days of reflation enthusiasm in stocks and bonds on stimulus hopes hit a brick wall this afternoon. The...

Monday’s trade had a distinctly reflationary risk-on bias, although the catalyst is uncertain in my view. Remember it was just...

The stimulus bill has been the market’s focal point this week. The session highs for the S&P 500 (+1.0%) came...

The S&P ended a negative September on a high note, and a positive for the 3rd quarter. The S&P ended...

The Dollar pulled back a little more today, but the S&P had a lackluster session with technical resistance after three...

Global markets rallied and the S&P built on Friday’s gains with a broad-based advance evidenced by Small Caps’ outperformance. All...

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Stocks managed to eke out a gain after a choppy session dominated by the U.S. Dollar. The S&P managed to close...

Yesterday’s market bounce was not that impressive, but it wasn’t expected to be. It was potentially the start of the...