Iran Retaliates, Crude Oil Sinks.
1:57 PM ET It looks like the remainder of last Wednesday’s “opinion” forecast on the trajectory of oil prices is...
Retaliation Inbound?
12:55 PM ET Given the weekend’s events, the market opened with relative quiet, but it is a very fluid environment...
Typo- SPX $5800, Not $4800
Sorry about that, I expect the next stop is the bottom of the lateral range at SPX $5800, not $4800....
Afternoon Update – Next Stop, SPX $5800?
On the geopolitical front… The latest update is that the Nimitz carrier strike group arrives in the region this weekend,...
Options Expiration Price Pin
12:20 PM ET The major averages climbed out of the gate, but saw a steady retreat from highs, leaving the...
Intraday Update – Powell Presser Hawkish
The SPX is back below $6k, SPX (1m today) That’s not a big deal in terms of the price tren,...
FOMC Update
There were no ere were no changes to the Fed funds rate as widely expected. The red-line statement that compares...
Pre-FOMC Update
12:23 PM ET It’s a low conviction day with the FOMC drift in effect and the market grasping for tidbits...
3C Update
3:21 PM ET Yep, there’s additional movement on 3C charts. Keep in mind that the most sensitive 3C timeframes (shortest)...
Uncertainty Rising
1:32 PM ET Yesterday’s internals came very close to 1-day overbought with the right S&P sector performance and dominant price/volume...
Market Update
2:24 PM ET I’ve been checking in on a number of charts/indicators and my initial take earlier in the day,...
Market Update – Pendulum Swing
12:09 PM ET The relief rally related to uncertainty becoming certain, is underway. When you think of a conflict like...
Afternoon Update – WTI Crude Update
Over a month ago the price charts gave me a measured move target for WTI Crude Oil futures. I believe...
Intraday Update
253 PM ET I feel like it’s important to separate the news from the market’s price action but obviously there...
Market Update
1:06 PM ET Last night I commented on The US dollar index and treasury futures both seeing some flight safety...
Afternoon Update
As we head into the close, the divergence continues at about the same pace. SPY (1m) the red circle is...
Intraday Update
2:42 PM ET I don’t see this as a huge deal but there are some intraday negative divergences this afternoon....
Market Update – Stocks Have A More Defensive Posture. Crude, URA and Gold Look Good
137 PM ET The stock market has a mixed complexion, although moves to the upside and to the downside at...
Afternoon Update
Things are only getting uglier especially since news that the State Department is preparing to order all nonessential personnel to...
Getting Uglier- Taking Some Action
2:36 PM ET As suspected, the London trade talks look to be a sell the news event. 3C charts are...