Nat Gas, UNG, URA Update
2:58 p.m. ET Nat-gas futures’ 3C chart looks more interesting that I expected. To be honest, I don’t check in...
Early Update – Mega Caps Lead, But Another Unexpected Development…The Yen is Soaring
12:13 p.m. ET I’ve expected a lot of cross currents in December and many conflicting ones. We have one in...
Afternoon Update – Tone Is Getting More Bearish Into The close
3:39 p.m. ET As I started this post, the three major indices were trading near yesterday’s closing levels after fading...
Early Update – Interesting Stuff Happening
12:04 p.m. ET I am seeing some very interesting developments this morning, which started as another mirror reversal of yesterday,...
Afternoon Update – When There’s no Short Squeeze…
3:38 p.m. ET I’ve been relatively quiet as it’s been a relatively quiet day of narrow consolidation-like trade. The S&P...
Early Update – A Lot of Recent Observations Reinforced
12:44 p.m. ET We’re seeing a bit of a mirror flip of yesterday’s dynamics from the laggards and leaders to...
Afternoon Update
The market remains bifurcated. On one side (mega-caps and their related sectors like Tech) are notably weak. In fact tonight...
Market Update – Another Short Squeeze Results in a Bifurcated Market
12:41 p.m. ET Out since the last update, U.S. Factory Orders Fell -3.6% (consensus -2.6%) after a downwardly revised 2.3%...
Early Update
10:11 a.m. ET It’s a very bi-polar market this morning. SP-500 -0.65%, Dow -0.3% (Transports +0.45%), NASDAQ-100 -1.1%, Small Caps...
Afternoon Update
There’s a lot of thoughts put together quickly and I haven’t re-read or spell checked so please forgive any weirdness...
Quick Update
3:27 p.m. ET Just a quick update as I’m writing the Afternoon Update. The averages have gone into a small...
Powell 2.0 – Second Round Table Link
I don’t think this format offers much that could possibly spark new, market moving comments from Powell, unless he’s seen...
Powell Aftermath
1:20 p.m. ET Today is the last day we’ll be hearing from Fed officials as the media blackout period ahead...
Early Update
11:41 a.m. ET We got some more economic data at 9:45 and 10 a.m. and the net effect was to...
URA (Uranium ETF)
We’re not closed yet, but I like this rebound, this strong, wide daily candle and the heavier volume. URA (daily)...
Afternoon Update
I’ll make this quick. The S&P is still stuck in the August 2nd bearish gap area, which continues to act...
Semiconductors – Nvidia (NVDA)
3:30 p.m. ET As I’m thumbing through various charts, Nvidia looks interesting and maybe worth keeping an eye on. Earlier...
Early Update – Mega-Caps Ugly; Failed Breakouts and Fast Reversals
11:58 a.m. ET Similar to yesterday, 3C was not confirming the overnight gains in index futures; and similar to yesterday,...
Afternoon Update
Well today was a bit of a flop for the equity market. Rate cut excitement and short covering gave the...
Intraday Update
1:42 p.m. ET Just a quick update. Not much has changed since the last update when the S&P gave up...