Intraday Update
2:57 p.m. ET It looks like a little weaker close may be on tap for the SPX and NDX as...
Early Update – Nasdaq-100 Lags
12:35 p.m. ET Economic growth concerns are lingering after some more weak economic data out of China to start the...
A.M. Update
S&P futures are down -0.1% ahead of he first Fed rate cut since March 2020 this Wednesday. The fed funds...
Daily Wrap
Today was a decent day on the surface, but looking below the surface, some things are popping up in mega-caps...
Afternoon Update – Nasdaq & SPX Test
As I mentioned this morning, the Nasdaq-100 was finding technical resistance at its 50-day, but there was a level of...
TLT Update and Long Position
Several people in the Technical Take Discord room have been eying TLT for a while. I’ve suggested patience and let...
Early Update – NDX @ Technical Resistance; Gold Makes New Record High
12:13 p.m. ET Conviction today is waning from yesterday as the Nasdaq-100 hits technical resistance at its 50-day SMA and...
A.M. Update – ECB Cuts Rates
S&P futures are up +0.1%. The European Central Bank cut rates by 25 basis points to 3.50% as was widely...
Daily Wrap – Nvidia Saves the Day
It wasn’t a boring day. I try to be a straight-shooter when it comes to the market. I’ve seen so...
Afternoon Update
The Tech sector is pretty much single-handedly carrying the market this afternoon. With that understanding the NDX looks like a...
Decent Bounce So Far Led By the Technology Sector – Strange Day.
2:54 .m. ET The averages got off to a very ugly start with selling that didn’t seem to have a...
Weak Start @ The Cash Open – Bear Flags Break
11:26 a.m. ET It’s a very ugly start for stocks. SPX (5m) breaking the bear flag and heading to test...
A.M. Update
Index futures have had a bumpy ride overnight, but not so much due to the presidential debate, but BOJ commentary...
Daily Wrap – Defensive Tone
Today was pretty much as expected this morning in the A.M. Update “It looks like a much slower start today...
Afternoon Update
NVIDIA (NVDA +1.4%) and Meta Platforms (META +0.1%) had been trading down when the S&P 500 and Nasdaq were at...
Slow Session Fleshes Out Consolidations – Value Stocks Weaker, Growth Fears Manifesting
1:08 p.m. ET Now that were past the initial, “Everything up, and everything up about the same” phase that immediately...
A.M. Update
S&P futures are up about a third of a percent, while Dow and Small Cap futures are up less than...
Daily Wrap – Consolidation Mode
As expected Friday, things calmed down for the market today and we’re in correction/consolidation mode. Last week ended up being...
Market Update – Oversold Bounce Dynamics and Consolidations in Tech
Today has a very typical 1-day oversold feel to it. The only average that had a somewhat defined bearish consolidation...
A.M. Update
S&P 500 futures are up 0.65% after last week’s rout. Price action in futures looks like a bear flag, but...