Category: Daily Wrap

Today ends the third quarter, the quarter that lost market leadership in mega caps and the AI trade. That loss...

https://youtu.be/DBrp7LzcABA      ...

U.S. markets had a lot of reason to post a very strong day. Micron (MU +14.75%) beat earnings, raised guidance,...

The People’s Bank of China provided another piece of policy stimulus, cutting its Medium-Term Lending Facility by 30 basis points...

Overnight China added to stimulus measures. The People’s Bank of China  (PBoC) said the 7-day reverse repurchase rate will be...

Today was another dull day following the excitement in the run-up to, and immediate aftermath of last week’s Fed. Friday’s...

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It’s been a pretty typical, boring-ish op-ex day. A lot of the time there’s a max-pain price pin and prices...

It’s funny how many economists missed the 50 bp rate cut yesterday – 105 of 114, as surveyed by Bloomberg...

Today’s session started sluggish in front of the Federal Open Market Committee (FOMC), which voted in favor of cutting the...

Today’s session started on an upbeat note, supported by mega caps and semis in the early-going and leading the S&P...

Today was a light day on the economic front with just soft survey data from the U.S. We’re now into...

Today was a decent day on the surface, but looking below the surface, some things are popping up in mega-caps...

It wasn’t a boring day. I try to be a straight-shooter when it comes to the market. I’ve seen so...

Today was pretty much as expected this morning in the A.M. Update “It looks like a much slower start today...

As expected Friday, things calmed down for the market today and we’re in correction/consolidation mode. Last week ended up being...

A few quick charts for you as it appears the right side of our toppy formations are filling out. The...

After Tuesday’s decline in stocks, today was another calm, consolidative-like day. Yesterday’s emerging consolidations, which took better form this morning,...

I have so more good data for you tonight, including CTA short-term (and SPX medium term) sell trigger levels. Today...

I have quite a lot for you tonight. The Summer Doldrums cracked today with the  “A” team traders back at...