Market Update
Index level performance isn’t much different than yesterday. more sectors are green. Internals are roughly the same. There hasn’t been...
A.M. Update
S&P futures are down -0.2%, though off overnight lows. Axios reports that President Trump lashed out at Israeli Prime Minister Benjamin...
Geopolitical Whiplash: Markets Hit Record Highs on Narrow Leadership as Middle East Tensions Heat Up Again
What a way to kick off the week , straight back into the deep end of the geopolitical pool. Fresh...
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,...
Ceasefire on Thin Ice: Israeli Deep Push into Lebanon & Iranian Threats Collide with Axios/Trump Optimism
The post-war ceasefire was unraveling fast, sending oil and yields higher right at key areas where price action has suggested...
Major Setback for the Iran Deal
Just as I was posting the A.M. Update, things began ramping up on the geopolitical front. Over the weekend, a...
A.M. Update
S&P futures are up +0.15%, even as WTI crude oil futures are up +2.8% ($89.80) following a request from President...
Quick 3C Update – NDX
Someone asked me about 3C, I explained that, like most of my analysis, I use it across multiple timeframes and...
White House Situation Room Meeting Ends With No Decision
My suspicions were confirmed. I ended the last post with, “The market awaits President Trump’s decision on a peace deal,...
Waiting On Trump’s Decision – Narrow Leadership, Negative Breadth, Peak Euphoria
Traders are waiting to see whether the U.S. and Iran can deliver the peace deal markets have priced in every...
Dash for Trash, Negative Breadth at Record Highs amid Re-Emerging War Correlation
Amid the chaotic geopolitical developments, the macro backdrop proved more constructive than expected. Oil prices remained surprisingly restrained despite escalating...
Afternoon Update
I had to start this post over. I found I was getting a little too deep into Software’s outlook as...
Intrada Update
Early trade has been driven by peace deal / MOU chaos. I’m using SOX as an example not because the...
A.M. Update
S&P futures are just a tick below unchanged. Overnight weakness is attributed to fresh U.S. strikes against Iran and reports...
After the Perfect Storm: A Flat Day Reveals Fading Momentum in Semiconductors
The stock market had a relatively quiet session Wednesday, but there were some notable areas that lacked the kind of...
SOX Into the Close
If there’s one chart worth watching into the close, it’s the Philly Semiconductor (SOX) Index. Internals are ugly with 25...
Market Update
Before the open, Iran’s state media released details of an unofficial draft MOU for an interim peace agreement with the...
A.M. Update
The Micron (MU) craziness lingers with yet another substantial target price hike, this time from Barclays, which raised the stock’s...
Today’s Theme Was SQUEEZE., But the Warning Lights Are Flashing
Optimism over a potential US-Iran peace deal (or MOU) intensified throughout the long Memorial Day weekend, with repeated signals that...