Afternoon Update
The averages are very little changed since the last update, which is to say, very little changed on the day...
Market Update – Negative Bias
1:14 p.m. ET There is an overall negative bias in today’s trade. Ongoing buying activity in some mega cap names...
A.M. Update
S&P 500 futures are down -0.3%, having also given up earlier gains of nearly +0.2%. Treasury yields are moving higher...
Daily Wrap
Yesterday we saw an attempt to rotate into beaten down and unloved Value stocks just several days before the end...
Afternoon Update
Mega caps continue to support index-level gains. The Vanguard Mega Cap Growth ETF (MGK) is up 1.4%. vs. the Equal...
Intraday Update – More on the Flip-Flop
1:30 p.m. ET Yesterday it “seemed” like the market was doing some late quarter rotation; the kind of rotation bulls...
Early Update – The Market Flip Flops
11:45 a.m. ET Yesterday’s Value over growth has flip-flopped back to growth over value this morning; evident in the NASDAQ-100...
A. M. Update
S&P futures are up +0.15%, helped by a 3% pre-market gain in NVDA. Treasury yields are flat in front of...
Daily Wrap
This is the final trading week of the month, the quarter and H1 (the first half of the year). I’ve...
Afternoon Update
The S&P remains in something like a consolidation. The intraday price chart seems bullishly biased still, but the daily chart’s...
Market Update
1:47 p.m. ET SP-500 -0.05%, Dow +0.6% (Transports +1.2%), NASDAQ-100 -0.75%, Small Caps +0.5% Early market momentum is fading a...
Early Update – Semis Weigh On Technology; Positive Market Breadth As Value Stocks Are Bid
11:28 a.m. ET The averages got off to a muted start, but tone has improved this morning since the open....
A.M. Update
S&P futures are flat, NASDAQ-100 futures are down -0.25% with Nvidia down a third day (-2.4%) in pre-market. The U.S....
Afternoon Update
Today’s quad-witching (once a quarter) was a record setting options expiration, the largest in history; and just as suspected yesterday:...
Market Update – Op-Ex Price Pin
12:34 p.m. ET Today’s price action seems exactly as expected, a max-pain price pin that keeps price action on the...
A.M. Update
There’s a negative bias in early trading on this record quarterly options expiration day. S&P futures are down -0.1%. Treasury...
Daily Wrap – Bad Data, Bad For Big Tech
This morning’s pre-market economic data was bad, from Housing data, to Initial Jobless Claims and the Philly Fed. The Bloomberg...
Afternoon Update
Nvidia, the Tech sector, the Semiconductor index and NASDAQ-100 all look like they’ll close with bearish engulfing candles on heavier...
Market Update – Tech and Semis Relatively Weak
1:11 p.m. ET Returning from the holiday, this morning’s has been a bit on the slow side, but it appears things...
A.M. Update
S&P 500 futures are up +0.2%. There’s a positive bias is early trading driven by pre-open gains in many mega...