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...
Market Update – No Conviction or Bias
2:40 p.m. ET As index futures pointed the way in pre-market, they weren’t wrong with the averages mixed, but mostly...
Afternoon Update – Growth Over Value
Ahead of the close, the SPX +0.25% is near session highs, benefitting from mega caps/semi relative strength. The Dow -0.3%...
Mega Caps & Semis Price Action Today Suggests They Don’t Have the Kind of 3CSupport Price Alone Depicts.
2:35 p.m. ETSPY (1m) doesn’t suggest that SPY is getting all that much support on the day. QQQ (1m) suggests...
Market Update – Large Cap Tech and Growth’s Strength Today Puts Small Cap Leadership in Some Doubt
1:10 p.m. ET Rates have declined since this morning, but it hasn’t led to any increased buying. The main takeaway...
Early Update – Mixed Open Favoring Growth and Mega Caps Over Value and Small Caps
1120 a.m. ET Rising market rates have kept pressure on equities after a stellar showing in November. Intel CEO, Pet...
USD/JPY vs. SPX/Dow At The Close
On the holiday shortened week: SPX +1.06%, DJIA +1.39% (Transports +1.45%), NDX +0.74%, Small Caps +1.34%. And S&P sectors on...
Afternoon Update
That just about concludes the holiday shortened week and the month of November. Dealer gamma profiles should allow for prices...
Early Update – Semis Support Tech and NDX
11:05 p.m. ET The market is off to a decent start on this holiday shortened session. A drop in market...
Afternoon Update
The major indices moved mostly sideways over the last hour. Conviction is lacking in front of the holiday break. Markets...
Coinbase
3:16 p.m. ET This is just a quick reminder that Coinbase (COIN +6.3%) looks good with a clean bullish Ascending...
Gold Update
Gold futures settled todays session higher by +0.7% to $2,639.90/oz, rebounding from one-week lows and bolstered today by a weaker...
Intraday Update
1:40 p.m. ET Today’s trade has a positive bias in market breadth, but losses in the major indices. Advancers lead...
Early Update – Large-Cap Tech Weighs Down The Market & Further Progress on Inflation Stalls
1156 p.m. ET There’s so much economic data this morning, it takes some time to look beyond the headline print...
SOX Breaking Bear Flag
1023 a.m. ET The Semiconductor index is down -2.2% and breaking below the bear flag. (15m) ...
Economic Data Update
Initial Jobless Claims weren’t a surprise. Continuing Claims are at 3-yr high. It’s a mixed print. Employers are reluctant to...
Quick Afternoon Update
The averages have been either lateral or slightly higher since the last update. Again, there’s not much movement. Sector performance...
