Invisible Hand Follow-Up: Distribution in Action: Why Someone Was So Eager to Push Prices Higher This Afternoon
And now we see exactly why someone was so eager to push prices higher this afternoon.(Go ahead and guess who...
Invisible Hand at Work: Mag-7 Heavyweights Drag NDX Above 50-Day
This looks like classic low-volume market silliness. There’s no clear catalyst for the abrupt reversal around 12:45 p.m. ET, just...
Rotational Wednesday: Tech & Energy Fade as Defensives & Mega Caps Lead, Semis Sell the ASML News
Early trade is rotational. Yesterday’s leaders (Tech and Energy) are today’s laggards, while defensive sectors that sold off Monday are...
A.M. Update
S&P futures are up +0.3%, led by Nasdaq-100 futures, +0.7%. Semiconductor stocks are primed for a higher opening following a...
Tech Reclaims Leadership on KOPSI Rebound as CPI Cools & Trump TACOs on Strait Fees
The genesis of Tuesday’s Tech leadership was apparent in last night’s Wrap, “The KOPSI, down -1.5%, looks like it’s looking...
Afternoon Update
The day has been pretty darn dull. The tech sector and Semis retraced some of Monday’s losses, but that’s about...
Market Update – Oil Tags Measured Move
Major averages are mostly mixed with the Nasdaq 100 leading the pack. After a somewhat choppy morning, the Technology sector ...
A.M. Update
Index futures got off to a mixed start this morning. The semi-heavy KOSPI found support overnight, but IBM tanked more...
Strait of Hormuz Drama, Semi Selloff & Rate-Hike Odds Spike = Ugly Monday
Markets took a triple-whammy hit to start the week. Geopolitical tensions between the U.S. and Iran dominated the day, driving...
Semiconductor Weakness Weighs on Indices While Trump’s 20% Hormuz Fee Plan Lifts Oil & Treasuries
Weakness across semiconductor stocks is weighing on the top-weighted technology sector, while geopolitical concerns are lifting oil prices and treasury...
A.M. Update
S&P futures are down -0.3% as lingering hostilities between the U.S. and Iran send oil prices +3.6% higher at $74/bbl.....
WTI’s Measured Move
WTI’s price consolidation, at this point anyway, isn’t typical, but it’s not bad either. With some additional time, price may...
Market Update – Quiet Session
After several sessions marked by sharp swings in semiconductor stocks and oil prices, the major averages are treading lightly today...
A.M. Update
S&P futures are flat. It seems there’s some hesitation with participants considering the potential for geopolitical risk to erupt over...
Markets Shake Off Geopolitics
Well that de-escalated quickly. Geopolitical developments accelerated after Wednesday’s close. The market ignored them entirely on Thursday. That reaction is...
Afternoon Update
Earlier advancers had a larger lead over decliners, approaching 1-day overbought criteria levels. That has since faded, mostly as mega...
Market / 3C Update
Today’s trade is an extension of what worked yesterday (Semis/Tech), with more risk deployed into procyclicals, and movement out of...
A.M. Update
S&P futures are up the same +0.2% as last night. Nasdaq futures have surged ahead to +0.9%, while Dow futures...
Geopolitical Clouds Return: Oil Spikes, Yields Rise, But Big Tech Holds the Line
Well, that escalated quickly. Geopolitics took center stage as renewed US-Iran tensions spiked oil prices. However, dip-buyers stepped in to...
Afternoon Update
For the first time in a long time, it looks like 1-day oversold internals are very likely. Two of three...