Market Update – Resistance Zones and Gold Set To Make Another Record High
1:12 p.m. ET Yesterday printed 1-day overbought internals. This morning Index Futures were off to a strong start, but that...
Market Update – Rotation and Bearish Consolidations
3:30 p.m. ET It seems to me that we’re seeing the return of the Defensive trade and an attempt to...
Afternoon Update – 3C trends the same
Earlier today I showed the 3C trends with negative divergences in SPX and NDX on gains above the post-FOMC range,...
Market Update
12:54 p.m. ET There broad S&P sector performance, b Earlier, decliners led advancers by an 11-to-10 margin at the NYSE...
Banks Support The Market; ABI < 14; Gold Starting Breakout
12:55 p.m. ET The preliminary October University of Michigan index of Consumer Sentiment slipped to 68.9 (consensus 71) from the...
Absolute Breadth Index (ABI) Below 14
11:16 a.m. ET Just a quick note – the ABI is sitting around 12.50, which is below the signal level...
Gold Looks Like It’s Ready To Break Out
3:26 p.m. ET Gold has been trading in a bull flag and that bull flag looks close to breaking out....
Interesting Stuff Happening – The ABI Went into the 15’s
215 p.m. ET The Internals signal strike again. From last night’s Daily Wrap, “I can’t say 1-day overbought with such...
Intraday Update
WTI Crude Oil looks like it’s finding support. Yields are already headed higher. I imagine they’re going to continue higher...
Volatility Is Getting Interesting Again: The Absolute Breadth Index
3:34 p.m. ET The ABI dipped as low as 16.14 intraday and is at just 17.66, and also looks like...
FOMC Minutes Are Very Interesting – Much More Divided Than Thought; Don’t Trust Gov’t Employment Data
The market paused in the Nasdaq-100’s minor resistance, the gap up from September 26th. NDX (15m) After all, it is...
Afternoon Update
I’ve been running through 3C charts is various timeframes and I stand by my assessment that investors are playing a...
One Day Oversold & China Fails To Meet Market Expectations
1:24 p.m. ET Before we get to the U.S., I have to touch on events from China. I’ve said numerous times...
Afternoon Update
After a slow, mostly unchanged week last week, this morning wasn’t a horrible stat to the market, but the day...
Intraday Update
2:53 p.m. ET I was just preparing a post showing the SPX, DJIA and Small Caps a bit lower than...
Early Update – Relation In Full Swing
12:09 p.m. ET Apologies for missing the A.M. Update. I have a busy week and with our area in the...
Afternoon Update
I try not to get into politics. My political views may surprise you. I can almost guarantee they are not...
Oil Down on Biden Comments
3:01 p.m. ET WTI crude is off he highs, still about +0.9%. WTI (1m) I didn’t catch the full press...
Market Update
2:12 p.m. ET I’d “think” that with the Fed cut and a strong Payrolls report, the market theme would be,...
Early Update – Fade! Is The Market Reckoning With a Higher Neutral Rate?
11:44 a.m. ET This Jobs report (well, the year’s Jobs reports) is about as politically favorable for Kamala as she...