Powell Testimony Link
Powell is just starting his testimony. Here’s the YouTube link....
Afternoon Update
The stock market is having a weak showing at the index level today. Mega cap stocks, semiconductor-related shares (SOX -2.75%),...
NASDAQ Price Action
1:59 p.m. ET I see this stuff al the time, but not everyone has the time to watch the market...
Early Update – Yesterday Is Making More Sense
11:28 a.m. ET Considering yesterday’s sudden closing weakness and an apparent sell-program, I wouldn’t be surprised if this was in...
Intraday Update
2:35 p.m. ET The stock market has started the new week on a mixed note. Atlanta Fed President Bostic (FOMC...
Early Update – Mega-Caps Coming Unglued
11:36 p.m. ET SP-500 -0.15%, Dow -0.3% (Transports +0.2%), NASDAQ-100 -0.25%, Small Caps +0.35% From a price-perspective, this morning’s action...
Volunteers To Test Discord Room?
I need some volunteers to test the Discord room before launching The Technical Take website. I’ve been working on the...
Intraday Update – Tech & Semiconductors Leading Like They Should Have Yesterday
2:58 p.m. ET The stock market opened somewhat mixed. The market shifted into rally-mode around 10:00 ET when Treasury yields...
Early Update – Crude Breaks Out
12:11 p.m. ET Yields have seen an unusual drop. There’s more on that below. Mega-caps are providing support, but barely...
Afternoon Update
As we head into the close, mega-caps have helped a little this afternoon, but they’re still tracking the same as...
Intraday Update
3:11 p.m. ET I would have expected a stronger bullish reaction from the market today as the release of the...
Early Update – Strong Stat, But Less Impressive Now
12:14 p.m. ET The market has been very fluid this morning. I’ve had to revise this post 3 times. We...
Afternoon Update
As you may have guessed, there are no meaningful changes since the last Market Update, but that’s pretty much been...
Market Update
2:09 p.m. ET The mid-week trade has a similar feel so far to the first half of the week, which...
Bitcoin Volatile Intraday – Some COINBASE Users See $0 Balance
1:20 p.m. ET I’m not sure which came first, the chicken or the egg in this situation, but it seems...
Early Update
10:37 a.m. ET This morning just looks like some nervousness in richly valued Tech-related leadership names ahead of the PCE...
Afternoon Update
It’s just a pretty dull day. Most of the averages are +/- 0.3% from unchanged, except Small Caps +1.45%, which...
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Apple Abandons Electric Car, Pivots to… AI
16 years after the idea, Apple gave up on producing its electric car today. ” the decision to ultimately wind down...
Market Update -Biotechs Add To Breakout
1:39 p.m. ET Today’s trade has a similar feel to yesterday’s trade. The three major indices are little changed from...
Early Update
11:29 a.m. ET The stock market is lacking direction again today. The three major indices trade near their prior closing...