Intraday Update – 3C
2:07 PM ET As for the 3C charts that moved the most at yesterday’s close (Nasdaq and Small Caps), the...
Market Update – Tone Improving After Mostly 1-Day Oversold Signal Yesterday
1:04 PM ET UnitedHealth’s (UNH -22%) drop after reporting earnings feels to me like we’re watching a key pivotal moment...
Quick 3C Update
QQQ (1m)...
Afternoon Update
There’s very little on 3C charts that suggest a price pivot low before the close. The closest (and it’s not...
Market Reacts (Negatively) to Powell
3:24 PM ET Some highlights… “tariffs are highly likely to generate at least a temporary rise in inflation.” “Our obligation...
Market Update – Mega Caps and Semis Weigh on the Averages
1:16 PM ET There’s a lot to take in today, just when it seemed things were calming down on the...
Intraday Update – Mushy Trade
3:33 PM ET In yesterday’s Daily Wrap I noted that internals posted a solid 1-day overbought signal, but because of...
Market Update- A Bit Duller, Less Biased Trade
12:00 PM ET The immediate cash open looked pretty good, then came tariff negotiation news between the U.S. and EU....
Afternoon Update
The market-cap weighted S&P 500 holds a 1.25% gain and the equal-weighted S&P 500 trades 1.55% higher. The difference...
Updated Measured Moves For the Averages
3:07 PM ET From April 9th’s Daily Wrap, “Price action has been exceptionally volatile and not orderly so its difficult...
Market Update – Mega Caps Fade Early Stength
12:29 PM ET It’s another fluid market start. I expected a stronger start as of the weekend video, but that...
Afternoon Update
The market didn’t get much more than a knee-jerk reaction out of the Fed’s Collins headline so far, because while...
Fed Winks (Not Blink)
1:59 PM ET In my last post I wrote, “If the Fed steps in with some kind of bailout or...
Markers of Stress In the Financial System
11:58 AM ET There are or have been some ugly signs of stress in the system this morning, especially yields,...
Market Update
3:06 PM ET I’m not sure if the market would have preferred a weak 30-yr auction (Fed may be forced...
30-year Treasury Auction Results
OK, so there’s huge difference between yesterday’s 10-yr auction (that saw President Trump reduce most tariffs just 18 minutes after...
3C Update
I need to adjust my posts to the rapidly changing environment that is the Trump administration. I wrongly assumed we’d...
Today’s 30-yr Treasury Auction Is Key As Some Signs of Stress In the Financial System Persist Despite the President’s Policy Pivot
12:20 PM ET *Due to rapidly changing developments, I’m going to let early analysis and subsequent developments stand as a...
Afternoon Update
Today is going to end up being a very bullish day, likely kicking off additional gains over coming days and...
Intraday Update
2:47 PMET Market tone has improved dramatically since Trump’s tariff tweet. Why? It takes uncertainty off the table, at least...