Market Update – Broad-Based Selling.
11:42 AM ET Very broad-based selling and it seems to stem from reactions in the Dollar and Treasuries to the...
A.M. Update – Traders Losing Confidence in Fed’s Ability to Withstand Political ures
The U.S. Dollar Index crashed at Sunday’sĀ futures open in the thin liquidity of Sunday, compoundedĀ by the fact many countries are...
Intraday Update – 3C
2:07 PM ET As for the 3C charts that moved the most at yesterday’s close (Nasdaq and Small Caps), the...
Market Update – Tone Improving After Mostly 1-Day Oversold Signal Yesterday
1:04 PM ET UnitedHealth’s (UNH -22%) drop after reporting earnings feels to me like we’re watching a key pivotal moment...
Quick 3C Update
QQQ (1m)...
Afternoon Update
There’s very little on 3C charts that suggest a price pivot low before the close. The closest (and it’s not...
Market Reacts (Negatively) to Powell
3:24 PM ET Some highlights… “tariffs are highly likely to generate at least a temporary rise in inflation.” āOur obligation...
Market Update – Mega Caps and Semis Weigh on the Averages
1:16 PM ET There’s a lot to take in today, just when it seemed things were calming down on the...
Intraday Update – Mushy Trade
3:33 PM ET In yesterday’s Daily Wrap I noted that internals posted a solid 1-day overbought signal, but because of...
Market Update- A Bit Duller, Less Biased Trade
12:00 PM ET The immediate cash open looked pretty good, then came tariff negotiation news between the U.S. and EU....
Afternoon Update
The market-cap weighted S&P 500 holds a 1.25% gain and the equal-weighted S&P 500 trades 1.55% higher. The difference...
Updated Measured Moves For the Averages
3:07 PM ET From April 9th’s Daily Wrap, “Price action has been exceptionally volatile and not orderly so its difficult...
Market Update – Mega Caps Fade Early Stength
12:29 PM ET It’s another fluid market start. I expected a stronger start as of the weekend video, but that...
Afternoon Update
The market didn’t get much more than a knee-jerk reaction out of the Fed’s Collins headline so far, because while...
Fed Winks (Not Blink)
1:59 PM ET In my last post I wrote, “If the Fed steps in with some kind of bailout or...
Markers of Stress In the Financial System
11:58 AM ET There are or have been some ugly signs of stress in the system this morning, especially yields,...
Market Update
3:06 PM ET I’m not sure if the market would have preferred a weak 30-yr auction (Fed may be forced...
30-year Treasury Auction Results
OK, so there’s huge difference between yesterday’s 10-yr auction (that saw President Trump reduce most tariffs just 18 minutes after...
3C Update
I need to adjust my posts to the rapidly changing environment that is the Trump administration. I wrongly assumed we’d...
Today’s 30-yr Treasury Auction Is Key As Some Signs of Stress In the Financial System Persist Despite the President’s Policy Pivot
12:20 PM ET *Due to rapidly changing developments, I’m going to let early analysis and subsequent developments stand as a...