More Risk-On, Less Defensive, Mega Caps & Semis Still Lag
12:48 p.m. ET The day has been like many this year, fluid. It’s a bit frustrating for me as I...
Daily Wrap – Meme Stock Madness
I don’t remember the last time a market flip-flopped from day-to-day like we’ve seen the last few weeks. Yesterday it...
Afternoon Update
I’ve been keeping a close eye on markets. It’s been fairly dull since the open set the stage. The markets...
Market Confidence In Mega Caps Earnings Isn’t As High As Portrayed Yesterday; Metals Acting Well
12:52 p.m. ET There’s a little rotation, pretty much the mirror opposite of yesterday. Mega Caps, Tech and Semis are...
Afternoon Update
I’m not sure why Small Caps faded so badly, from tied with the Nasdaq-100 for best on the day, to...
Lower Dollar, Lower Yields, Dealers Take Thumb Off the Scale, Mega Cap Earning Optimism
There’s a lot going for the market coming into the new week. Not the least of which is a notably...
SPX Consolidation Follow-Up and $6200
A big part of the reason I’ve been interested in that’s happening with the S&P and Nasdaq is that by...
I’m Not a Fan of Option Expiration
1:45 p.m. ET It takes some time to get a feel for option expiration market dynamics, or even early market...
Market Update
2:01 p.m. ET After today’s largely better than expected economic data and yields being stable, both are providing a constructive...
Afternoon Update
The scenario I laid out yesterday afternoon of PPI coming in cooler than expected leading to small caps outperforming today,...
The Fallout of CPI Continues – Fire Powell?
1:53 PM ET Last night was a rough night for me with hours upon hours preparing the Daily Wrap, but...
The Close
I wouldn’t say the close was a slam-dunk signal, or an exclamation mark, but it wasn’t encouraging. Traders/Investors appear to...
Afternoon Update
I think tomorrow’s direction comes down to a coin toss. Is the Producer Price Index going to come in a...
Intraday Update – Quick Look at Semis and PPI’s Importance.
I’m awaiting more price data to see how price and signals turn out, but in reference to the only sector...
CPI: Signs of Tariff-Related Inflation. Technology Is The Singular Pocket of Strength.
1:06 p.m. ET The averages are mixed, but there’s only one S&P sector of 11 that trades higher, Technology, due...
Afternoon Update
Heading into the close all of the averages hold modest gains. They haven’t done anything special today. My earlier consolidation...
Metals
3:48 p.m. ET Let’s start with Gold. Gold’s been acting well since 2023, but really broke out and established a...
Market Update – Consolidations
1:57 p.m. ET President Trump’s much anticipated Monday announcement on Russia is being treated as another TACO moment. The president...
Early Impressions – Semis Under Pressure
10:46 AM ET Initial impressions- All of the averages are getting a bid at the cash open. The value-leaning Small...
Afternoon Update
The afternoon session is shaping up to leave the S&P with a very modest loss on the week (-0.3%). That’s...
