Category: Daily Wrap

Thursday’s market decline ended with 1-day oversold internals, suggesting a bounce Friday. Friday bounced with all 11 sectors green, and...

Wednesday the market ended with another bearish consolidation. As of last Wednesday’s Daily Wrap, index futures continued in that consolidation...

Tuesday ended with small bearish consolidations, that carried overnight in the futures market, and the first half of the day...

I’ve always admitted that the “fundamentals” are not my wheelhouse. My lens for viewing the market is technical, although I...

Beyond the first group of Fed speakers, today lacked notable tier-1 economic data and macro developments. Favorable corporate tech headlines...

I got a few questions about the ABI and newly forming positive correlation signals, which are in VIX and VVIX....

Long day. I had to do a lot of research on charts tonight given how many highly unusual, high probability...

Wednesday started with a very “growthy” pro-cyclical feel, with Small Caps leading and mega caps lagging, as if investors were...

After a brief opening bounce saw the S&P 500 and Nasdaq Composite reach new record highs, the major averages traded...

The market was led my strength in mega cap names, in particular Alphabet (GOOG +4.3%) joined the $3 trillion market...

I’ve written dozens upon dozens of posts on the ABI over the years. The only problem is that the website...

Neither the CPI nor Initial Jobless Claims delivered encouraging figures, yet the market prioritized the Employment aspect of the Fed’s...

The stock market’s early strength was fueled by Oracle’s (ORCL +35.95%) massive RPO update and upside guidance (despite an earnings miss),...

The market’s response today was somewhat surprising following the preliminary benchmark revision to payroll estimates for March 2024 to March...

Compared to last week, today got off to a fairly quiet start for the benchmark S&P 500. (10m)- Fridays payrolls...

The stock market shook off an early-session slide, with broader-based strength amid firming rate cut expectations in the wake of...

Yesterday’s measured moves being met at support levels, amid 1-day oversold conditions, led to the start of a correction consolidation....

The averages went into the long holiday weekend with a bearish tone from Friday’s session. Despite a lot of news...

Nvidia’s (NVDA -0.8%) earnings had little impact on the market today. I wouldn’t assume that’s the end of the story....