Afternoon Update – Confirmed
I think I got the answer I was looking for that depended on this morning’s strong start. SPX (daily) Long...
Quick Update…
1:29 p.m. ET The Dow opened and traded Up +0.5%. That Upper end price range resistance certainly played a role,...
Daily Wrap -SPLIT
As you probably know by now, I was surprised by how dull the market was today after yesterday’s 1-day oversold...
Afternoon Update -Surprisingly Dull
Heading into the close, about half of the averages I routinely track are up and half down. None are moving much...
QQQ Update
3:18 p.m. ET I’m forced to take a myopic view of the market today, it’s just nothing like I expected...
Palladium Futures Explode Higher
3:03 p.m. ET There’s been a lot of talk that after gold’s run of new record highs, Palladium would be...
Intraday Update
2:44 p.m. Most averages are red. The S&P is only green y +0.08%. Nasdaq-100 (+0.65%) is still holding most of...
Early Update – Not The 1-Day Oversold Market I Expected
1:04 p.m. ET Between 1-day oversold internals, one of the Mag-7 stocks beating earnings (Tesla) with a +20% gain ,...
Afternoon Update
3:56 p.m. ET I’ve been wondering at what point higher yields and a stronger Dollar were going to start pressuring...
3C Charts
2:34 p.m. ET Market breadth, volume and numerous other measures (resistance, etc.) have been pointing to the broader market weakening on...
Early Update
12:04 p.m. ET The averages have fairly modest losses, with the exception of Nasdaq-100. However, nearly all of them are...
Dull Day
The majors ae mixed, but also barely changed for the day. Small Caps chart may be the most interesting today…...
Market Update
It has been a slower, less volatile day than yesterday, but you’ll see some important developments jump out, nonetheless. SP-500...
Daily Wrap – Small Caps, Dow and Dow Transports Hit Hard on Leading Economic Indicators; But NVidia Mitigates Losses
The morning trade in equity markets accelerated to the downside around 10:15 a.m. ET, just after the 10 a.m. release...
Afternoon Update
Yields have made a massive move, up 7 to 10 basis points. Stocks have handled rising yields recently pretty well,...
3C Charts & More
2:43 p.m. ET First let’s start with internals. They’ve come of their worst levels of Decliners holding more than a...
Early Update – A Sea of Red
11:58 a.m. ET Higher yields seem to be pressuring stocks, and perhaps it because the options expiration price pin is...
Crude Oil: Inverse H&S Base?
3:15 p.m. ET Since today’s trade is perfectly in line with a max-pain price pin, making for the typical dull...
Early Update
11:28 a.m. ET Remember this chart from yesterday’s Daily Wrap? Toward the bottom of the indicator’s range is where Small...
Coming Down
2:53 p.m. ET Just about everything is coming down this afternoon, whether the averages… SPX (5m) NDX (5m) Or the...