Category: Daily Wrap

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....

There wasn’t much in the way of market moving data today. I don’t know if it’s the summer doldrums or...

The averages posted better performance today, but still look to be treading water in a low summer volume environment ahead...

I was set to have an early night, then a family member had a seizure in the living room. I’ve...

I was a it on the quiet side today amid a noticeably low volume session. I had a long night...

First, I have to say that when you get a clean bear flag like the SOX index down to $5600,...

Index futures didn’t look great last night, but after yesterday’s cationic day, this morning’s sell-off was an abrupt turn. The...

Today felt like one of the quietest days of the year for the market. The averages drifted sideways in a...