Daily Wrap – Government Shutdown Begins; Another ABI/VIX Signal In a Strangely Fragmented Market
Index futures sank overnight as the U.S. government shutdown at midnight. Then, “Bad News” on the employment front, was “Good...
Daily Wrap – Government Shutdown Looms At the Turn of the Quarter With Another ABI Signal
Tuesday was the last day of the month and quarter, and it looks like a government shutdown is coming at...
Daily Wrap – Gold Keeps Soaring; Stocks… Meh
***I’m having technical issues with the website. The server pushes through an automatic update that wreaked havoc. I’ve spent about...
Plan For Next Week & Looking Forward
Thursday’s market decline ended with 1-day oversold internals, suggesting a bounce Friday. Friday bounced with all 11 sectors green, and...
Afternoon Update: Adding Some Nasdaq-100 & Small Cap Short Exposure
It’s been a long couple of weeks tearing into the minutia of the market to arrive where we are now...
Daily Wrap
Wednesday the market ended with another bearish consolidation. As of last Wednesday’s Daily Wrap, index futures continued in that consolidation...
Daily Wrap – Inflation?
Tuesday ended with small bearish consolidations, that carried overnight in the futures market, and the first half of the day...
Daily Wrap -Creaks and Cracks
I’ve always admitted that the “fundamentals” are not my wheelhouse. My lens for viewing the market is technical, although I...
Daily Wrap – Another Day, Another Ominous Cloud Looms Over an Unwary Market
Beyond the first group of Fed speakers, today lacked notable tier-1 economic data and macro developments. Favorable corporate tech headlines...
Stock Market Video Update – ABI and SPX/VIX Positive Correlation Signals
I got a few questions about the ABI and newly forming positive correlation signals, which are in VIX and VVIX....
Daily Wrap – Unsettling Signals Resurface and Intensify
Long day. I had to do a lot of research on charts tonight given how many highly unusual, high probability...
Daily Wrap – Deep ABI Signals As Fed Worries About Employment
Wednesday started with a very “growthy” pro-cyclical feel, with Small Caps leading and mega caps lagging, as if investors were...
FOMC EVE – EXTREME ABI READINGS
After a brief opening bounce saw the S&P 500 and Nasdaq Composite reach new record highs, the major averages traded...
Daily Wrap – Wild July 2024 Deja Vu
The market was led my strength in mega cap names, in particular Alphabet (GOOG +4.3%) joined the $3 trillion market...
Historical Overview of the ABI and Examples – MUST READ
I’ve written dozens upon dozens of posts on the ABI over the years. The only problem is that the website...
Daily Wrap – Jump In Jobless Claims Locks In Certainty For The 2025 Rate Path; With Caveats
Neither the CPI nor Initial Jobless Claims delivered encouraging figures, yet the market prioritized the Employment aspect of the Fed’s...
Daily Wrap – Disinflation and the Curious Case of Oracle’s Guidance
The stock market’s early strength was fueled by Oracle’s (ORCL +35.95%) massive RPO update and upside guidance (despite an earnings miss),...
Daily Wrap – How Do You Overstate Job Gains By 911,000 Jobs? Unacknowledged Recession?
The market’s response today was somewhat surprising following the preliminary benchmark revision to payroll estimates for March 2024 to March...
Daily Wrap – Gold New Record High
Compared to last week, today got off to a fairly quiet start for the benchmark S&P 500. (10m)- Fridays payrolls...
Daily Wrap -Small Caps Join In; SOX Bear Flag Forms; ABI Dropping Fast
The stock market shook off an early-session slide, with broader-based strength amid firming rate cut expectations in the wake of...