Category: Intraday Market Update

Weakness across semiconductor stocks is weighing on the top-weighted technology sector, while geopolitical concerns are lifting oil prices and treasury...

WTI’s price consolidation, at this point anyway, isn’t typical, but it’s not bad either. With some additional time, price may...

After several sessions marked by sharp swings in semiconductor stocks and oil prices, the major averages are treading lightly today...

Earlier advancers had a larger lead over decliners, approaching 1-day overbought criteria levels. That has since faded, mostly as mega...

Today’s trade is an extension of what worked yesterday (Semis/Tech), with more risk deployed into procyclicals, and movement out of...

For the first time in a long time, it looks like 1-day oversold internals are very likely. Two of three...

The Semiconductors index is at its 50-day, one of three assets I think need to be watched around their 50-day....

The June FOMC minutes showed a Fed maintaining a data-dependent stance as elevated inflation, geopolitical tensions, and AI-driven demand continued...

You never know what you don’t know, but it’s pretty remarkable how these signals line up sometimes. After a six-week...

Just a few charts… SPY (2M) it looks like the oversold bounce off SPX’s H&S neckline has put in its...

There’s been a rapid-fire spurt of headlines this afternoon from the U.S. Treasury, revoking a license and issuing another. It’s...

Concentrated positioning and extreme leverage in semis is taking its toll as Semis are down big. Samsung’s blowout profits failed...

*First off, apologies for the delayed post. I’ve been fighting with an unknown, suddenly introduced browser extension that keeps erasing...

The bulk of my analytical work was done last week and a few more very long days this week. Now...

I think there’s still a desire to close the market out in to the holiday weekend with the best face...

Everything got off to a decent start with a weak Payrolls report sending the Dollar and rates lower, but Chipmakers...

The big news today is that Meta is building a cloud business to sell excess AI compute capacity to third...

It’s a little ironic that on a day that Tech is single-handedly propping up the market and filling the SPX/NDX...

We’re on track for the week’s forecast as the cap-weighted averages fill their gaps down from a week ago. Index...

The rotation that began late last week, favoring mega caps over semiconductors after the former sharply underperformed for most of...