Gold is Back In The Game
I’ve been hoping that gold would make another successful test and a higher low in the process. The next hurdle...
Early Update – CPI
1216 p.. ET CPI was the final key economic data point for 2024 and it came in on the screws,...
Afternoon Update
We may not be getting huge price percent changes in the averages today, but we’re getting those sly, little noticed (outside of...
Market Update
313 p.m. ET The stock market has exhibited lackluster action at the index level, although it was fluid this morning...
Early Update
12:46 p.m. ET There’s a lot to put together between 3C signals improving Friday for Small Caps coming into this...
Afternoon Update
4:00 p.m. ET The SPX lost support at its short-term uptrend… (10m) Following in the footsteps on the Nasdaq-100 earlier...
Small Caps Try For Leadership, Not Quite There, But There’s a December Chance They’re Not Done Tryinh
2:39 p.m. ET Mega Caps aren’t leading the market today, but their weight is supporting the averages as Small Caps...
Early Update-Small Caps’ Early Attempt To Rotate In This Week
1242 p.m. ET We got a that small caps were going to perform better to start the week from 3C...
Afternoon Update Is Coming
There are some important aspects I want to cover, so the post will be out after the close, but not late....
3C Update and Rotational Dynamics Into Year End
2:30 p.m. ET I’m not seeing much change in 3C today, which suggests to me that the underlying trend is...
Early Update
1156 a.m. ET The November employment report got a positive reception rom the stock and bond markets. It was neither...
Afternoon Update
The averages are back to mixed/little changed. Semis’ decline from an earlier intraday near flag, has taken a toll on...
Gold Update – Brace For Lower Prices
253 p.m. ET Earlier today gold tested the up trend line and held as support. Since the Early Update, gold...
SOX Leg Lower
158 p.m. ET Semis (SOX -1.9%) is starting a second leg down from a bearish flag consolidation on an intraday basis...
Early Update -Mega Caps/Semis’ Relative Strength Fades
12:22 p.m. ET This morning’s tone has more of a low conviction, risk-off feel. Growth style factors (+0.3%) have a...
Afternoon Update
As noted this morning, there’s not a lot of movement in 3C on the day, at last as of yesterday’s...
Coinbase (COIN) Continues to Improve
3:09 p.m. ET Coin is up +6.8% now, coming close to testing the bullish ascending triangle’s upper trend line with...
Intraday Update – Powell, Beige Book, Mega Caps and Ethereum
2:55 p.m. ET The market is listening to Powell, but thus far it’s been more of a fireside chat than...
Early Update – Mega Caps Back To Leadership Ethereum Trading At $3800.
1244 p.m. ET There was some early index future volatility into the cash open. S&P is little changed from pre-market with...
Afternoon Update
This wasn’t the session I was expecting or hoping for. There’s simply no conviction, which makes you wonder following the...