Category: Intraday Market Update

The major averages continue to drift sideways near their unchanged levels into the close, with the exception of Dow Transports...

No change to the Fed Funds rate. There were two dissenters preferring to hike by 25 bp at this meeting....

A blowout earnings report from South Korea’s SK hynix Inc. (SKHY +12.5%) sent index futures higher in pre-market, but most...

I was waiting to see how this would play out. SOX Index (5M) filling last Thursday’s gap down.   And...

So far it has been a fairly quiet Tuesday with the market looking a lot like Monday and working on...

The averages are advancing or bouncing, led by technology with strength in semiconductors. The bounce is either off, or into...

I’m going to keep checking on the market today, and doing my normal usual rounds, but there is something has...

*Some charts/price-percent change may be slightly off as the environment is fast moving. It’s an ugly day for AI-related names....

The AI trade is back in rotation today following strong results from SpaceX (SPCX +7.25%) and Super Micro Computer (SMCI...

The broader market has been supported by lower Treasury yields and a pullback in crude oil prices after reports that...

Rising energy prices and higher rates have been weighing on a lot of cyclical stocks since early August. Over the...

This is the trap that has been building. I’ve been trying to flesh out the risk in the last 2...

This is a good example of what I was talking about yesterday. How do you hedge AI risk (CoreWeave down...

I think they’re going to get a handle on this early tech weakness and turn things around shortly. I was...

Here we go again. AI names, Mega Caps/Hyperscaler and Semis are weighing on the broader market with a soft start....

Technical support is clustered across the major averages and sectors: the S&P 500 at its 50-day, the Nasdaq-100 testing the...

Technology stocks faced another round of heavy selling at the open amid persistent concerns about the financing of the massive...

SPX (DAILY @50-D) SPY  (1m) I could go either way on this chart. I don’t find it all that convincing...

It has been a rough day as Oct. rate hike odds nearly doubled from 22% yesterday to 41% today as...

There’s a lot of herky-jerky movement related to earnings reports. Today’s bank earnings lasered in on a sequential moderation in...