Market Update – Pretty Much On the Expected Track From Last Week
Yesterday’s announcement from President Trump that a peace agreement between the U.S. and Iran has been reached has paved the...
Afternoon Update
I’d say there’s a lot riding on this MOU, specifically oil prices which have been rather tame, but as reserve...
Market Update. Hmmm. I’m a Little Surprised.
There’s a lot happening today. SpaceX is of course garnering a lot of interest and headlines. There has been some...
Afternoon Update
Running through 3C charts, I’m not blown away by the post-Trump TACO reaction, at least not on 3C charts, but...
Trump’s TACO Thursday Stick Save
As has been the case for months, the session is very fluid and geopolitical developments are laying a key role...
Afternoon Update -Tone
I ran through a bunch of charts just to get a quick check on market tone. The recent theme is...
Failed Intraday Start and Tech Reversal Drag the Averages Lower as Middle East Peace Prospects Fade
The stock market already started off on a lower note with most averages opening lower. Tech tried to bounce and...
Afternoon Update
It has been quite a day. The U.S. cash session has been extremely volatile. The Nasdaq-100 opened strongly, gaining +1.3%...
Very Volatile Start With Tech Leading Lower
The stock market opened to broad gains with at least 9 of 11 sectors higher, with Semi’s displaying follow-through leadership....
Afernoon Update
8 of 11 sectors are down. Technology (+2.1%) is best, led by Semis (SOX +5.5%). Internals are mixed with Decliners...
Falling Two Methods Into CPI?
Over the weekend Israel bombed Beirut, which led to Iran launching missiles into Israel, and Israel launching attacks into Iran,...
Long Duration Runs Into Higher Rates
The major averages are lower across the board as the market faces a continuation of yesterday’s weakness across tech names....
Afternoon Update
From a broad perspective, Semis’ extreme rally from mid-May, dragging along the Tech sector, has a crack. SOX (15M) Tech...
Semis Show Cracks, But Dialed Down Geopoltical Tensions Support Rotation
Tech stocks and the AI trade are under pressure after several high-profile names reported earnings, raising fresh doubts about the...
Afternoon Update
Markets were relatively quiet this afternoon on the 3C charts, though I still have a few left to review. SPY...
Market Update – Reacting to higher Yields on Geopolitical Risk, but 6% Inflation on Deck?
Oil prices are higher amid latest conflict escalation between the U.S. and Iran, pushing yields higher and weighing on stocks....
Afternoon Update
The major averages are mixed late in the session. I haven’t seen the kind of afternoon 3C action apparent Monday...
Market Update
Index level performance isn’t much different than yesterday. more sectors are green. Internals are roughly the same. There hasn’t been...
Addendum
The feel I got from the 3C charts (cap-weighted averages with weaker closing 3C charts; volatility with a noticeably stronger...
Quick 3C Look
Something is “modestly” off. My best guess is that after witnessing events on the ground, and then hearing the political-talk,...
