Intraday Update
2:16 PM ET I have to run to take my mother to a doctor’s appointment. I’ll be back for the...
Market Update – Warning Shot
12:33 PM ET Hopefully no one got lulled into a sense of complacency with the recent dullness in markets. This...
A.M. Update
S&P futures are down 0.3%. Walmart (WMT) and Carvana (CVNA) are among the names trading lower — and weighing on...
Daily Wrap – Another ABI Signal
Today with another light economic day and another dullish day for the market. There was a little bit of a...
Afternoon Update
The averages are fairly little changed (-0.35% to +0.2%) and mixed. Intraday tone has improved as the session has gone...
Minutes Update
245 PM ET “Participants indicated that, provided the economy remained near maximum employment, they would want to see further progress...
Market Update – Dull Trade With Stronger Signals of Big Volatility Event Brewing
12:52 PM ET As mentioned last night, index futures we’re bumping into resistance from yesterday’s pre market in early overnight...
A.M. Update
S&P futures are down 0.2% ahead of today’s FOMC minutes. Resistance, rising market rates and more tariff talk has contributed...
Daily Wrap – New S&P Record High… New SKEW Index Record High
Today’s market tone was mostly dull and low conviction… at least until the final minutes of trade. We had a...
Afternoon Update
Gold futures (+1.75%) are acting well after some higher volatility Friday. (30m) I’m all for consolidations, especially after a...
Rare Signal Warns of Higher Volatility Coming
https://x.com/WOWSTrade/status/1891926411621040223
Market Update – Another ABI Signal In the Making
12:42 PM ET Several mega caps sold off at the open. Among the more notable are Meta and Amazon, dragging...
A.M. Update
S&P futures are up 0.4% as Russian and US officials met to negotiate an end to the three-year war in...
Absolute Breadth Index Closes @ 13.24
After nearly 2 weeks of flirting with an ABI signal, we got one at today’s close… ABI (daily) The last...
Afternoon Update
* I’m going to get this post out a little earlier than usual just so you have time to consider...
Absolute Breadth Index – 13.86
220 p.m. ET I’m getting a lot of messages inquiring about the level of the ABI so I thought I’d...
Market Update – Growth Scare
1225 p.m. ET Beyond a massive decline in Retail Sales… Import/Export prices showed that there was inflation, as opposed to...
A.M. Update
S&P futures are down fractionally (-0.05%), while RTY is up +0.3%. There’s not a lot of conviction in early trading...
Daily Wrap
Like CPI yesterday, the Producer Price Index (PPI) came in hotter than expected this morning. The Producer Price Index for...
Market Update – Relief, For Now…
321 p.m. ET The president’s update on reciprocal tariffs has been received well by the market. The Dow Jones Industrial...