USD/JPY vs. SPX/Dow At The Close
On the holiday shortened week: SPX +1.06%, DJIA +1.39% (Transports +1.45%), NDX +0.74%, Small Caps +1.34%. And S&P sectors on...
Afternoon Update
That just about concludes the holiday shortened week and the month of November. Dealer gamma profiles should allow for prices...
Early Update – Semis Support Tech and NDX
11:05 p.m. ET The market is off to a decent start on this holiday shortened session. A drop in market...
Afternoon Update
The major indices moved mostly sideways over the last hour. Conviction is lacking in front of the holiday break. Markets...
Coinbase
3:16 p.m. ET This is just a quick reminder that Coinbase (COIN +6.3%) looks good with a clean bullish Ascending...
Gold Update
Gold futures settled todays session higher by +0.7% to $2,639.90/oz, rebounding from one-week lows and bolstered today by a weaker...
Intraday Update
1:40 p.m. ET Today’s trade has a positive bias in market breadth, but losses in the major indices. Advancers lead...
Early Update – Large-Cap Tech Weighs Down The Market & Further Progress on Inflation Stalls
1156 p.m. ET There’s so much economic data this morning, it takes some time to look beyond the headline print...
SOX Breaking Bear Flag
1023 a.m. ET The Semiconductor index is down -2.2% and breaking below the bear flag. (15m) ...
Economic Data Update
Initial Jobless Claims weren’t a surprise. Continuing Claims are at 3-yr high. It’s a mixed print. Employers are reluctant to...
Quick Afternoon Update
The averages have been either lateral or slightly higher since the last update. Again, there’s not much movement. Sector performance...
Market Update
245 p.m. ET There’s a change in character with Growth over Value and Mega Caps over Small Caps today… (1m)...
Israeli Cabinet Approves Ceasefire in Lebanon
129 p.m. ET The ceasefire is set to go into effect at 10 a.m. tomorrow. Presidents Biden and Macron will...
Israel/Hezbollah Peace Deal (?) & Crude
12:28 p.m. ET Despite Israel launching what may be one of the biggest attacks yet on Beirut today with 20...
Early Update – Mini Rotation of Growth Over Value, Mega Caps Over Small Caps.
11:48 a.m. ET Yesterday continued the Value over Growth theme of the prior 2 or so days, and while cyclical...
Afternoon Update
This morning started off interesting in several ways, but this afternoon has been like watching paint dry. There’s not much to...
Intraday Update – The Rotation & The Mega Caps
2:11 p.m. ET Yields are down -9bp to -14bp on Trump’s pick to head up the Treasury, Scott Bessent, a...
Tesla Update
12:48 p.m. ET Tesla (TSLA -1.45%) has obviously been one of the Trump trades, and due to its market cap,...
Market Update – Small Cap Bias, But Not As Strong As Last Week’s Mini-Rotation
12:08 p.m. ET The early look appears to be what I was leaning to at the end of last week....
Market Update – The Test of Cyclical, Value & Small Cap Rotation Is Coming
12:33 p.m. ET We’re getting some follow-though on yesterday’s Cyclicals over Mega Cap Tech, and Value (+0.8%) over Growth (0%),...