Category: Intraday Market Update

Parts of Technology are posting weaker 3C charts near the close. I first notice Nasdaq/QQQ QQQ (2M) 3C is moving...

There’s a lot happening on the geopolitical front with the Hormuz deal, but not a lot happening in the equity...

The price action since the open is not pretty. S&P futures (1M) I’m still digging through the market, but Semis...

I wrote about CTA’s going neutral to slightly long this week after selling last week. Today certainly has the look...

Monday’s session belonged to the Magnificent Seven; today the ball is firmly in the Semiconductor stocks’ court. Both are extremely...

I wanted to check in on the charts closer to the close and my view from the last post is...

We ended last week with Friday’s market update and afternoon update’s takeaway: “In short, I think the bounce that started...

As I finish up the full broad market update, I wanted to get this note out quickly. The bounce called...

Amazon (AMZN +15.45%) is trading impressively, lifting the Consumer Discretionary to the top performing sector. Meanwhile,  Apple (AAPL -9.25%), which...

I’ve been thumbing through the 3C chart and the bounce looks to be in stable condition. VVIX still displays short-term...

3C apparently was picking up the early stages of buying, but very specifically in Semiconductors, Mega Caps and Tech. The...

Kevin Wash’s press conference was an absolute disaster, especially at the end. He left the market with more questions than...

No hike, but a mixed vote (9-3) with  3 dissents (Hammack, Kashkari and Logan dissent in favor of rate hike)....

Market action is not the usual quiet pre-FOMC drift, it’s a clear double hit. Semiconductors (SOX -3.6%) remain under pressure...

The rotation out of semiconductors intensified again at the open, though not to surprising given yesterday’s news and the KOPSI’s...

I feel pretty good about last week’s forecast for this week at least the first half of the week’s price...

Picking up on my Thursday post, Crude Consolidation-PullBack,  as oil was up over 6% on the day… Everyone loves a strong...

Before I get into the broader market update, Semis (SOX -3.75%) started dragging the Technology sector lower (-1.45%) right at...

The market is going pretty much as expected after yesterday’s relatively broad, mega-cap-led retreat. One-day oversold internals are kicking in,...

I’m long oil. I think the price/volume trend has been fantastic. Today’s gains are a bridge too far. As noted...