Category: Intraday Market Update

Earnings and the geopolitical macro backdrop are colliding in today’s stock market action. The market had largely ignored building geopolitically-driven...

After Semis recovered opening losses for the Nasdaq, the major averages have traded in a relatively stable, flat range with...

  As mentioned earlier, (QQQ 1M) this kind of weak confirmation is often seen on a gap up as futures/overnight...

Semis lead with bitcoin’s positive risk sentiment signal. Semis did get some positive news overnight. The market is holding up...

I’ll post the charts below, but not surprisingly, given we’re early in a short-term oversold condition (mainly in tech), 3C...

  The June Leading Economic Index decreased -0.2% month-over-month (consensus 0.1%), from a prior increase of 0.1%. Averages Story of...

Quick Update I see some 3C negative divergences. Most are in the tech/hyperscaler areas, but rather than the specific stocks,...

Today is one of those, “When it rains, it pours” days. There are two major drivers in a fast-paced market....

We’re headed for some ugly closes, and just after we caught smart money pillaging dumb money yesterday afternoon (unloading their...

I ended one of my two “distribution scheme” posts yesterday with, “These are pros distributing , cleverly leading retail by the nose,...

And now we see exactly why someone was so eager to push prices higher this afternoon.(Go ahead and guess who...

This looks like classic low-volume market silliness. There’s no clear catalyst for the abrupt reversal around 12:45 p.m. ET,  just...

Early trade is rotational. Yesterday’s leaders (Tech and Energy) are today’s laggards, while defensive sectors that sold off Monday are...

The day has been pretty darn dull. The tech sector and Semis retraced some of Monday’s losses, but that’s about...

Major averages are mostly mixed with the Nasdaq 100 leading the pack. After a somewhat choppy morning, the Technology sector ...

Weakness across semiconductor stocks is weighing on the top-weighted technology sector, while geopolitical concerns are lifting oil prices and treasury...

WTI’s price consolidation, at this point anyway, isn’t typical, but it’s not bad either. With some additional time, price may...

After several sessions marked by sharp swings in semiconductor stocks and oil prices, the major averages are treading lightly today...

Earlier advancers had a larger lead over decliners, approaching 1-day overbought criteria levels. That has since faded, mostly as mega...

Today’s trade is an extension of what worked yesterday (Semis/Tech), with more risk deployed into procyclicals, and movement out of...