Afternoon Update
It looks like the levels I laid out in the Intraday Update for the SPX and NDX at the close,...
Intraday Update
207 p.m. ET The stock market has exhibited choppy action at the index level, and more subtle flips back and...
Early Update
11;50 a.m. ET After 4 days of the SPX declining to end 2024, Chinese stocks kicked off the new year...
Afternoon Update
I’m going to keep this short as my view has been, and remains, that aspects such as window dressing into...
Intraday Update
315 p.m. ET Prices among several of the majors are near or at interesting levels that could provide some potential...
Afternoon Update
It’s not looking great into the close, heading into the final trading day of the year. SPX (2m) is looking...
Fighting for the 50
222 p.m. ET Several averages were already pretty close to the measured move from Friday’s 1st leg down this morning....
Early Update – Pension Funds Rebalance
1115pm ET Ugly morning after a failed backrest of cap-weighted averages’ December window dressing trend, followed by a first leg...
Afternoon Update – Santa Rally Hits a Bump
You may be tired of me hinting at, or saying it, but I do think the big challenge for a...
Market Update – Very Ugly Santa Rally Trade
231 p.m. ET The seasonal Santa Rally is taking a pretty hefty knock on the chin today. All of the...
3C Update and December Theme
1210 p.m. ET The 3C charts for December’s Mega Cap Window Dressing, FOMC and post-FOMC decline rebound into price resistance...
Early Update – Mega Caps The Focus of Selling
1115 a.m. ET The averages are off to a weak start. I don’t think yields specifically prompted the decline this...
LMND Bull Flag
348 p.m. ET I’ve been thumbing through price charts. Full disclosure, I now nothing about this company, other than the...
Intraday Update
309 p.m. ET The major averages sit about +0.05% to +0.1% higher with Small Caps still the exception, up +0.85%,...
Market Update
The averages are mixed and very little changed, except Small Caps, up +0.7%. However, Small Caps have the most bearish...
Afternoon Update
As I talked about yesterday and wrote earlier today, with nothing to hedge, no economic data, amid light volume and...
A Green Christmas
1108 a.m. ET Today’s session marks the official start to the “Santa Claus Rally” period (last five trading days of...
Afternoon Update
Volatility gauges across the board (VIX -8%, VXN -10.8% and VVIX -7.6%) are trending lower as I, nor the market,...
Intraday Market Update – Yields as a Headwind
3 p.m. ET With all other things equal — which may be a stretch going into a half-day holiday shortened...
Market Update & Weekend Research Findings
109 p.m. ET First let’s deal with the market today, then below I’ll touch on some of the observations from...