Daily Wrap – Post Election
The most interesting aspect of the market’s reaction last night (election night) was shortly after the first polls closed on...
Afternoon Update
Price action has gotten a little better than this morning with the averages adding some cash session gains. The S&P...
Early Update
1238 p.m. ET We’re just getting the initial knee-jerk reaction to the Trump victory this morning. I suspect we’ll see...
A.M. Update – Post Election Rally
S&P 500 futures are up +2.25% in a post-election rally – fairly close to the market’s expected =/- 2% expected...
Election Night Update
9:51 p.m. ET Looking at asset classes, the moves tonight are very positive for Trump. Of course it will be READ MORE
Election Night Update
9:51 p.m. ET Looking at asset classes, the moves tonight are very positive for Trump. Of course it will be...
Early Election Night Look
7:56 p.m. ET I think we all know that election night results can change quickly. I’m not going to cover...
Afternoon Update (3C)
All 11 Sectors are green and Advancers have a 3-to-1 edge over decliners. Breadth is better today due to Small...
WTI Crude – Key News At a Key Level
2:17 p.m. ET Earlier I was talking about the theme of the market gravitating to important key levels, around important...
Strong Start, But Technically Inconsequential
1157 a.m. ET The averages jumped at the cash open… S&P futures (1m) – It seems pretty clear that algos...
A.M. Update
Index futures are mixed, between down modestly (R2K -0.05%) and up modestly (Nasdaq-100 +0.25%) with S&P at +0.15%. In short,...
Daily Wrap
I’m not going to waste your time tonight trying to make more of the market than what it was. It...
Afternoon Update
It’s been a slow day, predictably. Breadth is slightly positive, but definitely not 1-day internal signal levels. There are rumors...
Mixed
1250 p.m. ET Mixed action in the mega cap space has contributed to the overall mixed vibe in the market. NVIDIA (NVDA...
A.M. Update
Index futures are little changed on either side of flat. There’s been a notable shift lower in yields that have...
Afternoon Update
Higher and higher yields are keeping some pressure on multiple asset classes, from stocks, to Cypto, to gold. The 2...
Addendum
2.07 p.m. ET I meant to add these few charts with regard to rates. After dropping to 4.23% this morning,...
Market Update: Consolidation.
1:48 p.m. ET I think I’ve seen enough today to call price action what it is… the consolidation phase (bearishly...
A.M. Update -Very Weak Jobs Report
Index futures are up between +0.4 and +0.5% with Russell 2000 +0.75%. Nonfarm payrolls missed big with only 12,000 jobs added...
Daily Wrap- Tcch Wreck
Mega Caps and chipmakers had an outsized impact today following Meta Platforms and Microsoft earnings. Sharply rising market rates this...