Category: Intraday Market Update

The major averages opened firmly higher following Micron’s (MU+15.6%) stellar beat-and-raise earnings report, which initially sent the Philly Semiconductor Index more than...

Well, would you look at that! The S&P-500  (10M) Tags the neckline that I sketched in on May 26th. As...

After a nearly +5% pre-market gain, the early buy-the-dip enthusiasm across semiconductor names has waned substantially. SOX (-1%) needs to...

Over the last 20 minutes or so, SPY’s 3C has been nosediving. SPY (1M) Looks like it wants to head...

A Chosun Biz article reported that SK Hynix is slowing the ramp-up of HBM4 (next-generation high-bandwidth memory for AI, particularly...

This is a quick, but meaningful observation. The major averages are near session lows, as yields are near or at...

There’s some interesting activity on Semis 3C charts. I’ll let them speak for themselves… SMH (1m) This chart caught my...

Continued mega cap weakness overshadows broader market participation. In the meantime, yields are quietly creeping higher after having held key...

From yesterday: ” $7500 has once again become a key near term pivotal level, but it seems like a high...

The market’s take on the Fed=Very Hawkish. The U.S. Dollar Index is up +1%, that’s a huge move, and it’s...

Rates left unchanged as expected by a vote of 12-0, no dissents. Policy Statement DRAMATICALLY Shorter. Fed Removes “Easing Bias”...

A modest rebound in tech names is offsetting broader market weakness as the market rolls into the Fed this afternoon....

SOX’s most prominent feature today is a small double top with what looks like a reasonably high probability bull trap...

3C was onto something yesterday, even as stocks rallied on MOU enthusiasm, the indicator suggested institutional money was selling into...

As we near the close, Declining issues have been on the rise since the open. NYSE Decliners (1M) Advancers have...

Yesterday’s announcement from President Trump that a peace agreement between the U.S. and Iran has been reached has paved the...

I’d say there’s a lot riding on this MOU, specifically oil prices which have been rather tame, but as reserve...

There’s a lot happening today. SpaceX is of course garnering a lot of interest and headlines. There has been some...

Running through 3C charts, I’m not blown away by the post-Trump TACO reaction, at least not on 3C charts, but...

As has been the case for months, the session is very fluid and geopolitical developments are laying a key role...