Category: Intraday Market Update

VXX’s positive 3C divergence has been in effect about the same amount of time as VVIX has displayed relative strength....

While today has a risk-on bias with Defensive sectors lagging, the focus shifted dramatically from pre-market’s AI optimism, to a...

1:47 p.m. ET The market got off to a strong Tech-led start and rapidly faded it. The evidence of Window...

Price declines may not be huge, but price action is solidly bearish. NDX’s (5M) price action this week is a...

12:50 p.m. ET Apologies for the missed A.M. Update. The website’s web hosting went ahead with an unannounced migration to...

To be clear, nothing about today’s lackluster trade is a surprise, as laid out clearly in yesterday’s Daily Wrap: “My...

3:08 p.m. ET The Minutes from the December 10th FOMC are out. Before we get to that, this NDX chart...

12:25 p.m. ET The broader market has an unsurprising flattish tilt, with 4 S&P 500 sectors trading higher and 7...

Mega caps are struggling today, with relative weakness driven largely by Nvidia and Tesla. Nvidia shows a small intraday bear...

Losses across mega-cap tech names pressure the major averages, amid a more defensive tone as Window Dressing influence subsides near...

Today’s trade is that of another sleepy holiday-week session with notable, though typical, thin year-end liquidity. The thin liquidity exacerbates...

12:03 p.m. ET Trade is subdued. No surprises there. There are a few subtle developments taking shape or continuing that...

Still not crazy about Small Caps’ intraday price action, Russell 2000 (15m) VVIX has decent relative strength as yesterday was...

The session is similar to yesterday in that it has been fairly uneventful. Metals are soaring again, too. Platinum futures...

12:14 p.m. ET There’s quite a bit of economic data today, but the first estimate of Q3 GDP is the...

3:49 p.m. ET It has been a dull-ish cash session, beyond the change in character from mega-cap leadership pre-market, to...

12:48 p.m. ET Toward the end of last week I expected a rotation to procyclical sectors/value/Small Caps. Pre-market mega cap...

I’m going to keep this short for once. It’s been pretty dull since the last update – typical of option...

1:15 p.m. ET The top-weighted Tech sector leads gains for a second day (consistent with yesterday’s 3C) after a brutal...

So far we have a normal bounce in the short-term downtrend that’s coming down from the top of the right...