Dollar Breaks Out, Pressures Multiple Asset Classes As HY Credit Get Ugly & More Signals Print
1:26 p.m. ET The U.S. dollar Index (+0.5%) is breaking out with early evidence of short-covering, and it’s putting pressure...
Addendum
4:24 p.m. ET I was on the fence in considering adding to my long vol. position. I was leaning toward...
Adding a Tiny bit Long Vol.
I was looking at bringing my total share count in UVXY (or vixy – i like both) up to the...
Intraday Update
3:10 p.m. ET I’m wondering whether the October lateral (rectangle) range may be a distribution zone. I’ve seen a half...
Market Update
12:33 p.m. Et The market got off to a mixed open. Technology/Semis jumped, more procyclical areas dumped at first, evident...
Market Update
3:09 p.m. ET Unless things get ugly into the close, it looks like we are probably going to consolidate into...
Oracle Takes Down Tech
12:50 p.m. ET Coming into today’s trading session, the technology sector was set to drive gains but has since slipped...
Afternoon Update
It’s a bit slow into the close. The Tech sector/Semis have supported risk sentiment on the latest Amd/OpenAI circular financing...
The Latest Circular Financing Deal in the AI Space Drives Risk Sentiment, But the Broader Market Is Mixed
1:43 p.m. ET The AMD / OpenAI news is top of the market today– the same as the circular financing...
There It Is
When the first ABI signals showed up 2 weeks ago to the day, I honestly didn’t expect this. I covered...
SOX Daily
1:41 p.m. ET SOX (daily) – might end up confirming the bearish reversal...
Intraday Update – Handful of Mega Caps Leg Down
1:11 p.m. ET The end of the market update I just posted, I concluded with, “Personally, I don’t believe that...
Market Update – Beaten Up Value Stocks Rally on ISM
12:47 p.m. ET There’s been a shift in investor focus from the AI narrative yesterday that favored Growth style factors...
Adding A little To Positions…
The SOX (+2.1%) is at a new record high, but price hasn’t been able to add much from the gap...
The Lay of the Land -Dollar Strength Weighing on Multiple Asset Classes
12:06 p.m. ET In this update we’re going to look at the lay of the land –today’s early trade. Then...
Afternoon Update
Bad Payrolls news (ADP’s loss of 32,000 private sector jobs) is good news for the market, sending October rate cut...
Market Update – Patiently Observing
12:58 p.m. ET It’s not so much that it’s been a slow morning but there have been several potentially conflicting...
Afternoon Update
***Sorry this is late. The hosting issue with the website I had last night, came up again. I’m on the...
Market Update – Economically Sensitive Areas Weak, Mega Caps Weak
1:07 p.m. ET Here’s a chart and excerpt from the Summary section of Monday’s Daily Wrap addressing expectations for today’s...
Afternoon Update – Mega Cap Gains Significantly Reduced
A decent start for the mega caps/semis/tech, has turned and now most are trading towards the low of the session...