SPY Getting Uglier
Over the last 20 minutes or so, SPY’s 3C has been nosediving. SPY (1M) Looks like it wants to head...
AI Cost Concerns Back in Focus
A Chosun Biz article reported that SK Hynix is slowing the ramp-up of HBM4 (next-generation high-bandwidth memory for AI, particularly...
Afternoon Update
This is a quick, but meaningful observation. The major averages are near session lows, as yields are near or at...
Semi 3C Update
There’s some interesting activity on Semis 3C charts. I’ll let them speak for themselves… SMH (1m) This chart caught my...
Mostly Mixed and Little Changed: Semis Provide Support, While Mega Caps Drag on the Market, And Yields Trend Higher
Continued mega cap weakness overshadows broader market participation. In the meantime, yields are quietly creeping higher after having held key...
$7500 Op-Ex
From yesterday: ” $7500 has once again become a key near term pivotal level, but it seems like a high...
Afternoon Update
The market’s take on the Fed=Very Hawkish. The U.S. Dollar Index is up +1%, that’s a huge move, and it’s...
Hawkish FOMC
Rates left unchanged as expected by a vote of 12-0, no dissents. Policy Statement DRAMATICALLY Shorter. Fed Removes “Easing Bias”...
FOMC Drift
A modest rebound in tech names is offsetting broader market weakness as the market rolls into the Fed this afternoon....
Afternoon Update
SOX’s most prominent feature today is a small double top with what looks like a reasonably high probability bull trap...
SOX Double Top?
3C was onto something yesterday, even as stocks rallied on MOU enthusiasm, the indicator suggested institutional money was selling into...
Afternoon Update
As we near the close, Declining issues have been on the rise since the open. NYSE Decliners (1M) Advancers have...
Market Update – Pretty Much On the Expected Track From Last Week
Yesterday’s announcement from President Trump that a peace agreement between the U.S. and Iran has been reached has paved the...
Afternoon Update
I’d say there’s a lot riding on this MOU, specifically oil prices which have been rather tame, but as reserve...
Market Update. Hmmm. I’m a Little Surprised.
There’s a lot happening today. SpaceX is of course garnering a lot of interest and headlines. There has been some...
Afternoon Update
Running through 3C charts, I’m not blown away by the post-Trump TACO reaction, at least not on 3C charts, but...
Trump’s TACO Thursday Stick Save
As has been the case for months, the session is very fluid and geopolitical developments are laying a key role...
Afternoon Update -Tone
I ran through a bunch of charts just to get a quick check on market tone. The recent theme is...
Failed Intraday Start and Tech Reversal Drag the Averages Lower as Middle East Peace Prospects Fade
The stock market already started off on a lower note with most averages opening lower. Tech tried to bounce and...
Afternoon Update
It has been quite a day. The U.S. cash session has been extremely volatile. The Nasdaq-100 opened strongly, gaining +1.3%...
