Afternoon Update: More Confirmation of Consolidation Trend Lines
The averages are trading near session lows. SPX -0.6%, Dow -0.5%, Transports -0.6%, NDX- 0.7%, Small Caps -1.3% While not...
Early Update – Consistent With Consolidation
11:37 a.m. ET The October Producer Price Index reflected rising inflation at the wholesale level. That will stir concerns about...
Daily Wrap: Knee-Jerk Reaction Facing Consolidation
It took a little more time than usual this morning to see what the impact of CPI was. I didn’t...
Afternoon Update
Price candles showing a loss of momentum for the near week-long knee jerk reaction to the election have shown fading...
Semiconductors (SOX) Testing 200-Day
2:51 pm ETSOX (daily) w/ 200-day sma. To pivot down from the right shoulder with some confidence, I’d estimate SOX...
Consolidation Time, Or?
1:41 p.m. ET This morning’s CPI report was pretty much on the screws of expectations, except airfares and rental inflation...
A.M. Update – CPI
S&P futures are just about flat, but off overnight lows. Total CPI was up 0.2% in October (consensus 0.2%) following...
Daily Wrap
While there could be some factors that I think are too early to call (such as recent weaker 3C charts),...
Afternoon Update
In yesterday’s Daily Wrap I pointed out the more focused view on Value stocks over Growth, but also mentioned that I...
Market Update – The Value Over Growth Dynamic is Correcting, While Yields Price Out Fed Rate Cuts Ahead of CPI
1:44 p.m. ET Tomorrow’s CPI seems to be driving the bond market/higher rates and creating headwinds for the stock market....
A.M. Update
Most index futures are a hair below unchanged. RUT is down -0.60%. Treasuries fell under selling pressure, sending yields higher and...
Daily Wrap – Be Sure To Read The Summary Section
***Quick note – I hope you can make it through the entire post as there are tidbits scattered throughout that...
Afternoon Update
Nasdaq-100 is looking likely to post a bearish Engulfing candle after Friday’s Star (loss of momentum) candle. NDX (current daily)...
Early Update – Dow & Small Caps Lea With Value Stocks, S&P and NDX lag With Growth Stocks, Tech and Semis
1250 p.m. ET Tonight I’ll break down different presidencies going back to Clinton and including Trump’s 2016 win; what the...
Index Futures Off Earlier Highs as Treasury Futures Gain
9:38 p.m. ET At my first look of S&P futures this morning, they were up +0.45%. By the Early Update...
A.M. Update
S&P 500 futures are up 0.3%; Small Caps outperform (+1%). The Treasury market is closed for Veteran’s Day. Equity market...
Afternoon Update
Most of the averages came off session highs. All of the Mag-7 stocks with the exception of Tesla (TSLA +8.2%)...
Part of Kennedy’s Platform in a Trump Administration?
Here’s the video cued up, of Robert F. Kennedy talking about legalizing marijuana and psychedelics with some form of supervision,...
Early Update – Pot and Psychedelic Stocks?
1226 p.m. ET The stock and bond markets trade mixed. The averages are mostly higher with some hints of the...
A.M. Update
Index futures are lower from -0.05% to -0.3% as the Trump euphoria seems to fade and after China said it...