Afternoon Update – Supply/Demand Conflict Comes Into Sharp Contrast, With CTA’s Being a Wild Card, Near the First Buy Signal Level
3:40 PM ET In the last post (SOX Measured Move) I said something that may have been confusing, “I don’t...
SOX Measured Move
2:23 PM ET In yesterday’s Daily Wrap, I featured the Semiconductor Index (SOX +5.4%) making another intraday bull flag and...
Market Update -Still Looking Great
1:11 PM ET “Technically” the major market averages are still within the context of a consolidation, although a day and...
Afternoon Update
I don’t have much to add to the intraday posts. I think you have a pretty good feel for what...
3C Intraday Update – Consolidation Still Likely, But Some Averages Stronger Than Expected
3:06 PM ET I still can’t see what the probability of consolidation type is, but the 3C charts, espcially for...
Intraday Market Update
2:01 PM ET We’re getting signs of consolidation at price resistance, and it’s due. Yesterday’s pretty solid 1-day overbought internals...
Great Follow Through, Meeting Some Resistance
11:18 AM ET We have some great follow-through this morning with averages up +2.4% to +3.6%, but price has run...
A Lot of News, But Markets Looking Good Headed In To The Close
3:22 PM ET Yesterday’s large losses were retraced in their entirety and then some in today’s session, which has been...
Market Update – 3C Called It Yesterday, Averages Are Doing Great So Far
12:25 PM ET Two things jump out at me this morning – first the leading positive 3C signals yesterday amid...
Afternoon Update
This remains a challenging market with a lot of sensitivities. Buyers, as you might expect, have been and remain with...
3C Update
12:59 PM ET Firstly, as is Usually the case or order of events, VVIX started displaying relative weakness from Monday afternoon...
Market Update – Broad-Based Selling.
11:42 AM ET Very broad-based selling and it seems to stem from reactions in the Dollar and Treasuries to the...
A.M. Update – Traders Losing Confidence in Fed’s Ability to Withstand Political ures
The U.S. Dollar Index crashed at Sunday’s futures open in the thin liquidity of Sunday, compounded by the fact many countries are...
Intraday Update – 3C
2:07 PM ET As for the 3C charts that moved the most at yesterday’s close (Nasdaq and Small Caps), the...
Market Update – Tone Improving After Mostly 1-Day Oversold Signal Yesterday
1:04 PM ET UnitedHealth’s (UNH -22%) drop after reporting earnings feels to me like we’re watching a key pivotal moment...
Quick 3C Update
QQQ (1m)...
Afternoon Update
There’s very little on 3C charts that suggest a price pivot low before the close. The closest (and it’s not...
Market Reacts (Negatively) to Powell
3:24 PM ET Some highlights… “tariffs are highly likely to generate at least a temporary rise in inflation.” “Our obligation...
Market Update – Mega Caps and Semis Weigh on the Averages
1:16 PM ET There’s a lot to take in today, just when it seemed things were calming down on the...
Intraday Update – Mushy Trade
3:33 PM ET In yesterday’s Daily Wrap I noted that internals posted a solid 1-day overbought signal, but because of...