Category: Intraday Market Update

*As I was finishing up this post, some developments broke with respect to the conflict with Iran. It would take...

I haven’t forgotten about Uranium (URA +7.4%), one of our longer-term long positions. After several failed attempts to break above...

The stock market’s gains today follow on the heels of President Trump’s declaration that he is extending the ceasefire with...

US-Iran peace talks remain highly uncertain as the fragile two-week ceasefire expires tomorrow. The US has expressed confidence that a...

Not much has changed since the last update at the index level. Energy gave up its gains. WTI crude settled...

1:43 p.m. ET Directional wartime correlations are tightening up again, whether that be index futures vs. 3-month SOFR (2Y treasury...

Today’s market action felt less about fundamentals and more about headline-driven momentum. Other than President Trump’s own comments, nearly every...

I really dislike days like this; not the sharp moves in the market, but trying to separate the wheat from...

It’s hard to ignore that this morning’s set-up to pump the market came by way of Barak Ravid, of Axios, the...

There’s some more stuff happening on the charts. QQQ (1M) – This is where it started. The chart may look...

Mega-caps performance is mixed with notable early weakness is one of the standout features thus far. Oil trades noticeably higher...

The S&P 500 notches new all-time high as Oil prices remain stable. Lots of chatter that the U.S. and Iran...

The NAHB Housing Market Index contracted to 34 in April (consensus 38) from a prior reading of 38. A senior...

Optimism remains high that the U.S. and Iran could soon agree on a more lasting ceasefire, with President Trump telling...

A decline in oil near $93 supports a risk-on tone as the general perception is that the war is all,...

Surprising day in many ways, mostly the outperformers within the tech and financial sectors. CTAs and other systematics are still...

The day has been fluid, starting with index futures lower, but a steady stream of optimistic Middle East headlines has...

The major averages are trading mostly flat, with the large-cap indices tangled around their 100-day simple moving averages. Weakness is...

Geopolitical headlines are “quieter” ahead of weekend discussions between the U.S. and Iran, but still having an effect. Iran warned...

After yesterday’s big jump in Semis and Hanging Man candle on Wednesday’s daily chart, I was interested to see what...