Market Update
2:58 p.m. ET The S&P 500 (+0.1%), NASDAQ-100 (+0.15%), and Dow Jones Industrial Average (-0.1%) are off their best levels...
A Close Look At the Major Averages
12:00 p.m. ET Of course we don’t know what this busy week of earnings and data is going to bring,...
A.M. Update
S&P 500 futures are up +0.4% in early trading in front of a busy week. Earnings reporting picks up steam...
Afternoon Update
Next week is arguably the busiest week of the summer with 40% of S&P market cap reporting earnings and 4...
Another Test?
We have all 11 S&P sectors in the green and advancers a good 4-to-1 over decliners, but there’s a decent...
Early Update – May Be Getting The Structre
10:58 a.m. ET Earlier this week I talked about the market putting in some price structure that successfully tests lows...
A.M. Update Fed’s Favored Inflation Gauge A Little Hot
S&P futures are up +0.75% and NASDAQ +1% supported by pre-open gains in mega cap and semiconductor shares. US JUNE...
Daily Wrap – Still Deleveraging Large Cap Tech
After yesterday’s close at session lows, the averages had a weak start with NASDAQ-100 falling -1.65% in the first 45...
Afternoon Update
The averages have pulled back quite a bit off their best levels of the day. The NASDAQ-100 is back below...
One Day Oversold
12:40 In yesterday’s Daily Wrap Summary, I wrote, “there’s a strong argument for a weak open tomorrow. However, we also...
A.M. Update
S&P futures are flat. Weekly initial jobless claims totaled 235,000 (consensus 240,000) following a revised count of 245,000 last week...
Daily Wrap
Over the last month or so I’ve written many times that this earnings season has a higher bar to impress...
Afternoon Update
I’ve done some digging today and found the short-term CTA levels. CTA short-term levels for the NASDAQ-100 ($19,608 in the...
Market Update – Those Unusual Signals Mattered
1:35 p.m. ET It’s been a fast moving market. I’ve had to write and re-write this post, re-capture charts a...
A.M. Update – Mega Cap Tech Earnings Drag Market Lower
S&P (-0.9%) and NASDAQ (-1.45%) Index futures are sharply lower. Tesla (TSLA) and Alphabet (GOOG) show sizable pre-open declines in...
Daily Wrap – 3C… “Compare, Compare, Compare”
Recall that yesterday market internals came in at 1-day overbought,, and not by the small margin that we have often...
Intraday Update – SPX, NDX, IWM, GOOG
3:15 p.m. ET 3C for SPX/NDX is on the weak side intraday. That’s not necessarily a bad thing or unexpected...
Market Update – Still Going To Plan (Expectation)
12:31 p.m. ET Existing home sales fell for the 4th consecutive month, down -5.4% month-over-month in June to a seasonally...
A.M. Update
S&P futures are just a tick below unchanged. NASDAQ-100 futures are still down -0.2%; lower after disappointing earnings guidance from semi,...
Daily Wrap
After last week’s slide in mega caps and semis, both saw gains today, as did semiconductors. At the end of...