Semis Weighing on Tech
1:59 PM ET Semis (SOX -1.9%) are weighing on the Technology sector (-1.5%), and thus the broader market. SOX (10m)...
Market Update – Consolidative, Short Term Trend is Down, Economic Data Worse
1:02 PM ET This week’s focal points “should” be tariffs and any last minute negotiations; President Trump will address a...
Afternoon Update
What a month February has been, and it all kicked off with market breadth telling us there were problems as...
Working Off Oversold Conditions As Atlanta Fed’s Real Time GDP Tracker Signals Recessionary Conditions
153 pm ET There’s a lot happening today, from economic data, the latest Atlanta Fed real time GDP tracker signaling...
Afternoon Update
Here’s our price trend, using the tech heavy Nasdaq since that is the epicenter of selling… NDX (15m) based on...
Market Update – Nvidia Ugly, Market Threatening Second Leg
2:47 PM ET Perhaps Nvidia is the catalyst after all. Ideal bearish consolidation would have taken a little more time...
Nvidia Weighing On The Cap-Weighted Averages
12:13 PM ET While it seemed clear to me yesterday, President Trump clarified some misspoken tariff dates this morning which...
Early Update
10:26 AM ET President Trump clarified tariff dates that he got a little mixed up yesterday. I included the right...
Afternoon Update
Not much has changed since the last update… certainly nothing that changes the outlook, and nothing that has the potential...
Intraday Update – Larger Flag?
2:57 PM ET At the top of the last update I highlighted what was then, the most recent news, that...
Market Update
12:57 PM ET We’ll cover the market from the open, but just moments ago as President Trump answered a report’s...
Intraday Update
2:44 PM ET “Most of the averages closed below technical levels that held at Friday’s close. Late day selling, the...
Mega Caps Ugly Amid Stagflationary Data & Growth Scare
12:16 PM ET The market is in the midst of a growth scare (growth is decelerating as is evident by...
Afternoon Update – Consolidations On Track
3:47 PM ET Since the last update, President Trump said at press conference said that tariffs on Mexico and Canada...
Market Update – On Track With My Forecast
2:12 PM ET The averages started the new week with modest bounces off Friday’s closing technical levels, but did see...
Afternoon Update
I’m not going to be able to get this post out and grab a bunch of charts so I’m just...
Intraday Update -Session Lows
2:48 PM ET Well, here’s our expansion in Volatility the ABI forecasted. VIX is currently up +20% on the day...
NEW CORONAVIRUS WITH POTENTIAL TO CAUSE PANDEMIC DISCOVERED IN CHINA – DAILY MAIL
1:29 PM ET I was just talking about sparks and catalysts last night. In any case, the SPX is at...
Ugly
As you already know index futures started to sell-off ahead of the cash open and continued into the US session....
Test of $6100
1024 AM ET Another decline into the cash open and it looks like S&P futures are set to test $6100...