Everything UP, But Still No Sign of Leadership
12:58 p.m. ET As has been the case frequently recently, the morning trade is very dynamic and causes me to...
Afternoon Update – Stick Save!
Look at that! SPX (1m) They’re not letting the SPX out of this slop until Nvidia. SPX (10m) – right...
More flip-Flopping, Back To Selling Tech
2:29 p.m. ET Today is more of the same – the flip-flopping is back (with a twist – a bit...
Afternoon Update – Summer Doldrums Persist
There’s really not much to add with regard to today’s trade. There’s not much news on my feed today. Most...
Another Summer Doldrums Day, With a Slight Twist
12:59 p.m. ET A lack of news is diving dullish trade, but there’s a bit of a flip flop from...
Afternoon Update- Slow Day
Not much has changed since the last update. Most of the averages are little-changed with relative weakness in the tech-heavy...
Mega Caps and Semis Off to a Weak Start of the Week
1:03 p.m. ET The morning has been dynamic so far with mega-caps and semis underperforming and cyclicals/defensives/value stocks out performing...
Afternoon Update
I’m going to share a few quick charts. I’m leaning toward spending the inordinate amount of time it takes to...
Market Update – Small Cap Short Squeeze Pain
1:28 p.m. ET The major averages are up a three-quarters of a percent, but Small Caps are soaring and when...
Powell Recap
10:57 a.m. ET It’s almost funny to watch the market as Powell spoke. The market jumped up when Powell said...
Getting Ugly Again
2:29 p.m. ET As I was finishing the last post, the averages were catching a bounce off session lows. Now...
Market Update – Tech Under Some Pressure, But So Too Will Be Volatility
12:42 p.m. ET For most of the morning moves in either direction have been limited for the major averages. Prices...
Afternoon Update – Just Waiting For the Spark
The minutes for the July 30-31 FOMC meeting are stale considering all that’s happened in just 3 weeks (market and...
That Didn’t Last Long – Important Update
12:18 p.m. ET The average monthly jobs increase in the past year was revised lower from 218K to 150K. Had...
Payrolls Preliminary Benchmark Revised Lower
12:48 a.m. ET The averages had been up modestly ahead of the Payrolls revision, but stuck in yesterday’s price ranges...
Quick 3C Update
1-Day Overbought conditions on their own, don’t imply anything more than the type of slower, lower market conviction action we’re...
One Day Overbought Conditions Kick In
12:23 p.m. ET It seems yesterday’s 1-day overbought internals are causing today’s market to act exactly as is typical after...
Afternoon Update – Semis Rebound Bolsters Index Performance
3:37 p.m. ET Market conditions, internals and more importantly, the Tech sector, are all improving as the day goes on....
Market Update – Broad-Based Half-Percent Gains.
12:52 p.m. ET Friday at 4 p.m. kicked off the summer holiday season running through Labor Day (Sept. 2nd). This...
Afternoon Update
I’ll have a post out after the close, not the typical Daily Wrap, but addressing some issues into next week...