Nvidia earnings
All eyes now turn to NVIDIA (NVDA -0.03%), set to unveil its earnings at around 4:20 PM ET. The current...
Very Quiet
It’s been a painfully dull session so far. The S&P bumped into resistance near $6480… (1m today) This is an...
Market Update – Another Quiet Session
The market in general has the same dullish tone as this time yesterday, but with a twist. Many of yesterday’s...
Afternoon Update
The averages are little changed from the last update in something of a sideways drift with the DJIA, Dow Transports...
Market Update – Consolidation; Government’s Intel Shares Have Voting Rights
The averages are in various states of consolidation / profit taking following Powell’s Jackson Hole commentary and related advances with...
Quick Afternoon Update
It has been a long day of looking at knee-jerk reactions. I don’t want to rush the Afternoon Update. I...
Powell’s Jackson Hole Swan Song, Echoes With The Coos of Doves
Busy Day! All 11 sectors opened higher in a broad-based advance ahead of Powell. Powell just reinforced the optimistic expectation....
Afternoon Update
I’ve been quiet today because there’s not much I can add to what I laid out last night. The day...
Consolidating Into Powell
11:54 a.m. ET So far price action looks pretty much like the example trend line I drew in yesterday, Tech...
Market Update
3:24 p.m. ET The earlier dip buyers got cautions ahead of the FOMC Minutes. SPY (1m) It does look like...
Hawkish Minutes
2:23 p.m. ET Summarizing the FOMC Minutes, at least the important parts, several participants said that the current Fed funds...
Incoming Dip Buyers
12:23 p.m. ET Measured moves like SOX’s often are surpassed as emotion overwhelms, like this morning’s fear – a powerful...
Quick Update
11:21 a.m. ET This morning is largely a carbon copy of yesterday, dumping growth, momentum, Technology, megacaps, semis on one...
A.M. Update
Index futures are on track for a slightly lower open. There are no consequential economic data releases today, but the...
Afternoon Update
OK, the market is sitting just off session lows. Semis’s relative weakness signal wasn’t huge, but it was there with...
There It Is Again – Momentum Pairs Trade Viscously Unwound, Mega Caps Feeling It
This market is getting crazier and crazier. The underlying cross-currents are absolutely insane. Value (+0.2%) is outperforming Growth (-1.4%) by...
Afternoon Update
President Trump and Ukrainian President Volodymyr Zelenskyy are currently meeting with a coalition of European leaders at the White House...
Market Update – Treading Water
1:11 p.m. ET The market’s in a holding pattern, presumably awaiting results of the Oval office meeting between Zelensky, Von...
Afternoon Update
As options expiration comes to an end, a there is a lot of news coverage surrounding the summit between President...
Market Update
Index futures and indices have been coming down since shortly before the European open. The decline accelerated at the U.S....
