Afternoon Update
This remains a challenging market with a lot of sensitivities. Buyers, as you might expect, have been and remain with...
3C Update
12:59 PM ET Firstly, as is Usually the case or order of events, VVIX started displaying relative weakness from Monday afternoon...
Market Update – Broad-Based Selling.
11:42 AM ET Very broad-based selling and it seems to stem from reactions in the Dollar and Treasuries to the...
A.M. Update – Traders Losing Confidence in Fed’s Ability to Withstand Political ures
The U.S. Dollar Index crashed at Sunday’s futures open in the thin liquidity of Sunday, compounded by the fact many countries are...
Afternoon Update
Most of the averages have held and/or confirmed their consolidations. SPX (10m) – I understand that investors don’t want...
Intraday Update – 3C
2:07 PM ET As for the 3C charts that moved the most at yesterday’s close (Nasdaq and Small Caps), the...
Market Update – Tone Improving After Mostly 1-Day Oversold Signal Yesterday
1:04 PM ET UnitedHealth’s (UNH -22%) drop after reporting earnings feels to me like we’re watching a key pivotal moment...
A.M. Update
S&P futures are up 0.55%. Contributing to overnight gains that saw S&P futures at up as much as +1.2% was...
Daily Wrap -Semis & Mega Caps Sell-Off, While Powell Disappoints
I thought we’d see a less crazy market this week. I was wrong. Nvidia was beaten up after filing an...
Quick 3C Update
QQQ (1m)...
Afternoon Update
There’s very little on 3C charts that suggest a price pivot low before the close. The closest (and it’s not...
Market Reacts (Negatively) to Powell
3:24 PM ET Some highlights… “tariffs are highly likely to generate at least a temporary rise in inflation.” “Our obligation...
Market Update – Mega Caps and Semis Weigh on the Averages
1:16 PM ET There’s a lot to take in today, just when it seemed things were calming down on the...
A.M. Update
S&P futures are down 1%. Pre-open declines in NVIDIA (NVDA) and other chipmakers have contributed to the negative bias after...
Daily Wrap – Nvidia Expects to Report a $5.5 Bln. Charge
Several positive and negative factors merged to leave us with a market that ended little changed. Positive responses to earnings...
Intraday Update – Mushy Trade
3:33 PM ET In yesterday’s Daily Wrap I noted that internals posted a solid 1-day overbought signal, but because of...
Market Update- A Bit Duller, Less Biased Trade
12:00 PM ET The immediate cash open looked pretty good, then came tariff negotiation news between the U.S. and EU....
A.M. Update
S&P futures are down 0.05%. There’s not a lot of movement in contracts tied to the S&P 500, Nasdaq 100,...
Daily Wrap
Last week was clearly, “Sell the U.S.” with the Dollar, Treasuries and Stocks sold. Money has been moving toward areas...
Afternoon Update
The market-cap weighted S&P 500 holds a 1.25% gain and the equal-weighted S&P 500 trades 1.55% higher. The difference...