Afternoon Update
Parts of Technology are posting weaker 3C charts near the close. I first notice Nasdaq/QQQ QQQ (2M) 3C is moving...
Market Update: 3C Updates, Quiet, Consolidative Calm
There’s a lot happening on the geopolitical front with the Hormuz deal, but not a lot happening in the equity...
Quick Head’s Up
The price action since the open is not pretty. S&P futures (1M) I’m still digging through the market, but Semis...
A.M. Update
S&P futures are up +0.5%, Nasdaq-100 are up +0.25% as AMD and SPCX are weighing on the Nasdaq after reporting...
Oil Slammed, Stocks Soar: Geopolitics, CTAs & a Perfect Semis Measured Move
What a crazy day of trade. There were so many dynamics in play, from earnings to geopolitics, the macro-backdrop, short...
Afternoon Update
I wrote about CTA’s going neutral to slightly long this week after selling last week. Today certainly has the look...
Market Update – Semis Rotate In and Take the Wheel
Monday’s session belonged to the Magnificent Seven; today the ball is firmly in the Semiconductor stocks’ court. Both are extremely...
A.M. Update
S&P futures are up +0.3%, led by Nasdaq-100 futures, up +1%. Semis have rotated into leadership in pre-market trading, displacing...
The Oversold bounce Continues on Track
Entering the new week and the new month, stocks ripped higher led by mega caps. The probability of an oversold...
Afternoon Update
I wanted to check in on the charts closer to the close and my view from the last post is...
Market Update
We ended last week with Friday’s market update and afternoon update’s takeaway: “In short, I think the bounce that started...
Quick Note: 3C Signals Turning Less Supportive as Bounce Targets Are Hit
As I finish up the full broad market update, I wanted to get this note out quickly. The bounce called...
A.M. Update – TACO to Start the Week
S&P futures are up +0.6% after President Trump called off planned strikes against Iran, following high level Saudi intervention: “I...
Afternoon Update
In short, I think the bounce that started Thursday, and made some progress today, is likely to continue into the...
Amazon Leads, But Rising Yields Impede, Still… The Bounce Is Alive
Amazon (AMZN +15.45%) is trading impressively, lifting the Consumer Discretionary to the top performing sector. Meanwhile, Apple (AAPL -9.25%), which...
A.M. Update
Microsoft (MSFT) and the semiconductor stocks put a bullish charge in the equity market yesterday, and it looks this morning as...
3C Nailed the Semis Bounce, But Breadth Says This Is Still Just an Oversold Rally
3C signals were right on the money and in the right places: Semis, Mega Caps, and Tech broadly (Nasdaq over READ MORE
3C Nailed the Semis Bounce, But Breadth Says This Is Still Just an Oversold Rally
3C signals were right on the money and in the right places: Semis, Mega Caps, and Tech broadly (Nasdaq over...
Afternoon Update
I’ve been thumbing through the 3C chart and the bounce looks to be in stable condition. VVIX still displays short-term...
Microsoft & Semis Lead; And Then There’s Everything Else…
3C apparently was picking up the early stages of buying, but very specifically in Semiconductors, Mega Caps and Tech. The...