SPX $5957 on Short Covering – Nearing $6k
3:08 PM ET The S&P (+0.65%) has come within about 43 points of the $6,000 measured move (high end of...
Market Update – The Slow Crawl to $6k & Hedge Funds Caught Wrong-Footed Again
12:37 PM ET There’s a lot to take in this morning as President Trump leaves the middle east, following his...
Afternoon Update
I’m not sure how much this means, especially if we have a US – India trade deal announcement perhaps waiting...
Gold Doesn’t Look Bad
2:16 PM ET I kind of like what I’m seeing today in gold. Price didn’t pull all the way back...
Early Update – Consolidations
11:45 AM ET Once again we have very modest moves in the averages that fall within the scope of consolidation,...
Afternoon Update
It’s a pretty slow day for the market, which is now being propped up almost exclusively by the mega caps....
WTI Crude Update
1:36 PM ET I think this oil update is important, whether you are interested in trading WTI Crude Oil or...
Market Update – Mega Caps Lead As Everything Else Stalls. Gold Lower.
12:03 PM ET This week 3C has been sketching out a picture of what has been developing in markets. For...
3C Still Not Conorming Well as S&P Tags $5900 Measured Move
2:15 PM ET The S&P 500 (+0.9%) moved further above its 200-day moving average and turned positive for the year...
$5900 About to Level Up and Unlock $5900 Target Level
10:43 AM ET At this rate, it probably does so before I even get this post to you. Tech, mega...
Afternoon Update
Here we are, a rally that institutional, systematic and hedge funds don’t like many of them were caught on the...
Welcome to the PAIN TRADE
1:15 PM ET Weekend events with talks between the US & China represent a far larger backtracking from Trump than...
Afternoon Update
Well today has been an extremely dull day and that fits right into the consolidation theme which as you know,...
Market Update – Low Conviction, But Better Than Expected
1:36 PM ET Today the averages’ performance could be considered a lack of conviction and rightly so ahead of this...
Breakouts Across The Board, But Do the Averages Test Support Before Heading Higher? I Think It’s a Fairly High Probability.
2:12 PM ET The 2-yr yield is up +11bp, the 10-yr yield up +10bp and the U.S. Dollar is up...
QQQ Updated 3C Chart
12:01 PM ET QQQ (2m) 3C signals… Just perfect for a bull flag. More to come…...
Averages Are On Track, Breaking Out…
11:53 AM ET The averages are breaking out, heading toward our higher measured moves… Averages… SP-500 +1.35%, Dow +1.35%...
Afternoon Update – Beware Knee-Jerk Reactions. Once Again, The Concept Is Proven Correct On This FOMC Day.
As I’ve said the last 2 days, “Beware of initial FOMC knee-jerk reactions. They are often wrong and retraced.” U.S....
FOMC – Outlook Uncertainty Has Increased Further – Fed
2:17 PM ET The Fed kept ranges as widely expected with just a 2% chance of a rate cut this...
Market Update – Consolidations Continue to Go Well
12:38 PM ET The major averages are still tracking nicely in developing bull flags… Averages SP-500 +0.1%, Dow +0.6% (Transports...