Afternoon Update – Consolidations Still on Track
3:21 PM ET The day for the market has been on the slow side – pretty typical of consolidations. Price...
Market Update – Consolidation Phase Continues
12:08 PM ET Stocks came off their morning lows following Treasury Secretary Bessent comments in his House testimony that it...
Afternoon Update
3C charts have deteriorated a bit more this afternoon, which only increases my conviction that we are in a correction...
Market Update – Consolidation Process Has Begun. What Next?
12:12 PM ET The averages are consolidating at technical levels and at my original measured moves, like the S&P 5650...
Afternoon Update
I have been running through charts for hours trying to sort out both the near term outlook for the market...
Market Update -Still Solid, But Due Consolidation
12:29 PM ET Ever since last Monday’s leading positive 3C chart, the S&P has been up every single day. The...
Afternoon Update
If I had to take a quick guess based on the charts I would think that Amazon does pretty well...
Ongoing Relief Rally
12:05 PM ET Quite a move this morning with strong 3C charts, but we are due a consolidation and probably...
Afternoon Update
The averages are off their lows. SPX (3m) I wouldn’t say they’ve traded out any kind of bullish consolidation today,...
Correction
12:27 PM ET Q1 GDP printed -0.3%, worse than the -0.2% expected and the first negative print since Q1 2022...
Afternoon Update
On the face of things today has been a little bit of a quiet consolidated day with a slight bullish...
Market Update – Slower Consolidation Day, But Still Solid
12:27 PM ET The market opened to mixed action. Most of the averages are fractionally higher while a few are...
Daily Wrap – Good Start To the Week
There wasn’t much in the way of news/economic data catalysts in today’s trade. The market put in huge gains last...
Afternoon Update
The major equity indices continue to move off session lows reached around mid-day. There was no specific catalyst to...
Consolidation Looks On Track – SOX Update/Example
2:23 PM ET After a huge move higher last week, I expected we’d see some consolidation soon. Markets don’t move...
Market Update – Consolidation and Minor Rotation
11:17 AM ET After last week’s massive rally… SPX (weekly) bullish engulfing candle It’s reasonable to expect price to consolidate...
Weekly Brief
Not that it matters a whole lot, but a South Korean newspaper of record captured images of a Chinese trade...
Intraday Update
3:02 PM ET The S&P and NDX were heading toward a clean breakout above the clear resistance zone and pulled...
Market Update – CTAs Engaged
1:18 PM ET Yesterday left the key averages smack-dab in the middle of price resistance zones after an extended 3-day...
Long-Term SPX CTA Trigger Met
4:17 PM ET As covered in my last post, the wild card in the battle between buyers and sellers (overhead...