Afternoon Update
Well today has been an extremely dull day and that fits right into the consolidation theme which as you know,...
Market Update – Low Conviction, But Better Than Expected
1:36 PM ET Today the averages’ performance could be considered a lack of conviction and rightly so ahead of this...
Daily Wrap- Bull Flag Breakouts, But Tests Look Likely
Here are some key excerpts from last Friday’s Afternoon Update, talking about what we “should see this week” based on...
Breakouts Across The Board, But Do the Averages Test Support Before Heading Higher? I Think It’s a Fairly High Probability.
2:12 PM ET The 2-yr yield is up +11bp, the 10-yr yield up +10bp and the U.S. Dollar is up...
QQQ Updated 3C Chart
12:01 PM ET QQQ (2m) 3C signals… Just perfect for a bull flag. More to come…...
Averages Are On Track, Breaking Out…
11:53 AM ET The averages are breaking out, heading toward our higher measured moves… Averages… SP-500 +1.35%, Dow +1.35%...
A.M. Update
S&P futures are up 0.7%. The market’s focus remains on tariff-related developments after indications that President Trump is set to...
Daily Wrap — FOMC, U.S.- China Talks, AI Chip Rule – Still on Track.
I’ll try to keep tonight relatively brief because things going as expected, at least from the short term outlook, and...
Afternoon Update – Beware Knee-Jerk Reactions. Once Again, The Concept Is Proven Correct On This FOMC Day.
As I’ve said the last 2 days, “Beware of initial FOMC knee-jerk reactions. They are often wrong and retraced.” U.S....
FOMC – Outlook Uncertainty Has Increased Further – Fed
2:17 PM ET The Fed kept ranges as widely expected with just a 2% chance of a rate cut this...
Market Update – Consolidations Continue to Go Well
12:38 PM ET The major averages are still tracking nicely in developing bull flags… Averages SP-500 +0.1%, Dow +0.6% (Transports...
Daily Wrap – Constructive Consolidation, But An Indicator Is Screaming, “Recession Ahead.” Also Big News on the Trade Front.
Stocks opened lower, then came of the lows when Treasury Secretary Scott Bessent said the US is negotiating with 17...
URA to $29
URA (+3%) just started breaking out of a bull flag today with a conservative measured move of $29 which is...
Afternoon Update – Consolidations Still on Track
3:21 PM ET The day for the market has been on the slow side – pretty typical of consolidations. Price...
Market Update – Consolidation Phase Continues
12:08 PM ET Stocks came off their morning lows following Treasury Secretary Bessent comments in his House testimony that it...
A.M. Update
S&P futures are down 0.8% this morning. The narrative behind this morning’s decline is largely lack of progress on the...
Daily Wrap – Short Term & Long Term Outlooks
The S&P finally did it, a -0.63% loss broke the 9 consecutive day win streak. And it did it at...
Afternoon Update
3C charts have deteriorated a bit more this afternoon, which only increases my conviction that we are in a correction...
Market Update – Consolidation Process Has Begun. What Next?
12:12 PM ET The averages are consolidating at technical levels and at my original measured moves, like the S&P 5650...
A.M. Update
It looks like the S &P’s nine day, 10% rally is finally ready to correct/consolidate. S&P futures are down -0.75%...