Stock Market Video Update – Carry Trade Crash Down Leads to a Sea of Red
Index futures are a Sea of Red tonight and the culprit? The collapse of the Dollar Yen (-2.35%) as the...
Afternoon Update – Weak Consolidations Starting To Form
Weakness in mega caps after earnings reports from Apple (AAPL) and Amazon.com (AMZN) Downside follow-through as the possibility of a...
Intraday Update – Technical Support
11:42 a.m. ET We may get one of those consolidations I mentioned sooner than later. The S&P-500 reached its 100-day...
Target Levels
11:08 a.m. ET Ugly day/week… SP-500 -2.65%, Dow -2.3% (Dow Transports -3.6%), NASDAQ-100 -3%, Small Caps -4.1% Earlier this week...
A.M. Update – Recession Fears Spike With Recession Signal
Isn’t it strange thing to see just how fast sentiment, even sentiment around something like a recession, can change. The...
Daily Wrap – Time To Pay Attention
The stock market settled near session lows, leaving the major indices with solid declines. There are a lot of reasons...
And It’s Gone – Yesterday’s Gains, Small Cap’s Rotation, The Dow’s Breakout – All of It!
2:50 p.m. ET There was a lot of bad economic data this morning (notice that bad news is no longer...
Early Update – VERY UGLY Across the Board
11:05 a.m. ET Index futures overnight trade had a shaky tone about them, especially those that should have looked the...
A.M. Update
S&P futures are up +0.5% and look somewhat shaky from overnight trade. NASDAQ futures are up +0.4% and have lost their...
Daily Wrap – FOMC
Microsoft (MSFT -1.1%) was lower after reporting earnings, but index futures jumped overnight following results from Advance Micro Devices (AMD +4.35%) and...
Afternoon Update
As is always the case, Powell’s press conference was much more dovish than the FOMC policy statement. Over the next...
Watching Powell Dove Things Up
2:56 p.m. ET As I just posted in the Technical Take’s Discord Room… And that alone, has pushed Small Caps...
FOMC Policy Statement: Less Dovish Than Hoped
2:23 p.m. Et While the Fed wasn’t likely to surprise with a rate cut, being the market has a 100%...
Semis Lead An Oversold-Type Bounce
12:43 p.m. ET Today is one of those absolute, turn the market on its head, flip flops. The S&P and...
A.M. Update
S&P futures have rebounded in spectacular fashion ahead of the Fed, up +1.25%. The positive bias in early trading is...
Daily Wrap
The stock market was mixed today, although it had a downbeat feel owning to outsized losses in Technology and the...
Afternoon Update – Microsoft on Deck
The SPX’s, and more so the NASDAQ’s, price action doesn’t look good. Another sharp drop in the Dollar-Yen carry trade...
Tech Wreck – Carry Trade Chaos
1:57 p.m. ET There’s so much happening today ahead of MSFT earnings after the bell, it’s difficult to keep up....
A.M. Update
S&P 500 (+0.2%) and NASDAQ 100 (+0.3%) futures are higher, supported by gains in mega cap names. There’s still an...
Daily Wrap
Three major indices settled little changed from prior closing levels, continuing in the the latter part of last week’s consolidation...