Afternoon Update
Today’s economic data, even the historically little noticed tier 2 data such as we saw in pre-market, painted a clear...
Early Update – Stagflation Data
1 p.m. Since the open we’ve received more worrisome data pointing to heightened prospects for stagflation (stagnating/falling economic growth, coupled...
Afternoon Update
Most of the major averages have been consolidating last week’s gains since Friday afternoon… SPX (2m) However, the SPX/NDX are...
Intraday Update – Small Caps Outperform As The S&P Challenges Its 50-Day From Below
1:46 p.m. ET SP-500 +0.4%, Dow +0.35% (Transports +0.35%), NASDAQ-100 +0.45%, Small Caps +0.95% S&P-500 (daily) and 50-day There’s another...
Early Update – Consolidations Continue
11:45 a.m. ET Thursday afternoon and Friday, the averages started displaying consolidative activity of the week’s gains. This morning is...
Intraday Update – Cruise Control
1:42 p.m. ET For most of this week, and yesterday, I set-up my view of the highest probability outcome for...
Early Update – SPX and NDX Inverse H&S Bases Breakout
11:23 p.m. ET Microsoft and Alphabet are fueling this morning’s rebound action and are fueling some positive buzz about “AI”. ...
Afternoon Update
The S&P is taking on the shape of a small inverse Head and Shoulders base with this morning giving us...
NEM (Newmont Corp) Follow Up – Nice Breakout
2:08 p.m. ET I featured NEM yesterday after it came up in The Technical Take Discord room. Newmont was...
Early Update – SPX $5,000
12:01 p.m. ET The GDP report an absolute mess. We’ll have to see what the more accurate release of core-PCE...
Afternoon Update – Consolidations in the Averages
3:31 p.m. ET Overbought conditions like yesterday’s 1-day overbought internals signal will usually correct through price (pull back) or time...
Early Update – There’s A Lot To Be Aware Of This Morning
11:39 a.m. ET It looks like yesterday’s 1-day overbought internals were right on with what’s happening this morning. Outside of...
Intraday Update
3:24 p.m. ET The market looks pretty good today with advancers better than 6-to-1 margin at the NYSE and a...
Early Update – Oversold Bounce Follow Through
11:56 a.m. ET Sellers have backed away and CTa’s appear to be finished deleveraging instigated by their short-term price level...
Afternoon Update
The averages had a decent bounce today with broad participation typical of an oversold bonce, but all of the averages...
SPX > $5,000
1:41 p.m. ET The S&P made a run at $5,000 earlier and didn’t make it, but now it’s trading just...
Early Update – SPX $5,000 Is Important
12:05 p.m. ET It doesn’t seem like there’s a lot going on at the index level with the open showing...
Afternoon Update
I’ve been picking up yellow, orange and eventually red flags most of the year. I’ve stuck to my guns on...
Market Update
3:02 p.m. ET Still watching the market and still no clear signs that the selling in Tech, semis and mega-caps...
Early Update – Mega Caps & Semis Sold; How The Mighty Are Falling
11:47 a.m. ET It appears the geopolitical concerns overhanging the market in recent weeks are set to fade off the...