Category: Intraday Market Update

As OpenAI is perceived as seeking government guarantees, Altman is furiously backpedaling today. The post is so long I’ll quote...

1:58 p.m. ET   Yesterday’s internals were 1-day overbought, still I was looking for another day of two of consolidation...

Two central themes emerged from Wednesday’s Daily Wrap Summary analysis: AI and the detiorating state of the consumer, both of...

Thus far today’s market dynamics are identical to 1-day oversold. I see no reason that it doesn’t lead to a...

Yesterday’s internals were not officially 1-day oversold, but close in several aspects. Today’s rebound has thus far been typical of...

12:52 p.m. ET Today’s seeing a broad-based rebound. The Technology (+0.8%), Communications (+0.75%), and Consumer Discretionary (+1.1%) sectors are not...

I’m not sure we’ve reached the “consolidation” stage yet. The S&P hasn’t made a lower low… (5m) And VIX displays...

1:56 p.m. ET Growth (-1.4%) and Momentum (-1.35%) factors are definitely feeling the brunt of today’s selling, as compared to...

At the index level it’s a quiet-ish day with some relative weakness in Small Caps. The mega caps, semi, AI...

12:59 p.m. ET Index futures have once again faded at the U.S. cash open, like Friday morning. There’s still decent...

The stock market opened higher this morning after another round of mega-cap earnings reports sent Amazon and Apple higher in...

3:17 p.m. ET I keep starting at this bull flag in WTI crude oil futures and it’s calling to me....

1:14 p.m. ET I covered WTI Crude earlier.  The only update since is President Trump refuted the two newspapers’ claims...

12:35 p.m. ET The market got off to a mixed start with large cap tech-sensitive cap-weighted indices higher. The Tech...

10:50 a.m. ET Oil is starting its breakout attempt.  The Miami Herald and The Wall Street Journal, both describe an assault on...

Today’s tone has been mostly consolidative, presumably waiting for Apple and Amazon to report after the close. Sectors that have...

12:49 p.m. ET “Sell the news” vibes surround the Trump/Xi summit, but the real driver is unwinding this week’s mega-cap...

I was surprised at a lot of what I heard in Powell’s press conference. The Fed, as contentious as the...

2:48 p.m. ET There are quite a few interesting tidbits in Powell’s presser so far, but the one that moved...

2:16 p.m. ET As expected: Fed cuts the FFR by -25bp  to 3.75%-4.00%. There were two dissents: Trump’s temporary pick,...