Small Cap, Oversold Channel Buster
1:06 p.m. ET If you haven’t already, see my Early Update recapping Friday’s Afternoon Update. On the face of things,...
Sneaky Crude Prices
10:54 a.m. ET WTI crude oil has been chopping around in a range so long, it’s easy to fall into...
Early Update – Small Cap Squeeze Coming?
10:24 a.m. ET I want to set the stage with Friday’s Afternoon Update with regard to Small Caps this week....
A.M. Update
After hitting deep oversold levels Friday, which is a rare event with the S&P own -0.65% last week — but...
Afternoon Update – Oversold and Reflationary
Early gains at the index level led by Broadcom (AVGO) dissipated in the face of rising rates (progress on inflation...
Market Update – Higher Yields Spoil The Party
142 p.m. ET Broadcom (AVGO +20.6%) was the story stock of the day, lifting S&P and NDX index futures. That’s...
Quick Market Overview Into Year End
1047 a.m. ET A lot of what I’m writing below is going to be familiar, but I think it’s important...
A.M. Update
S&P futures are up +0.3% led by Nasdaq-100 futures up +0.7% after a positive response to earnings from Broadcom (AVGO),...
Daily Wrap
The market’s fluidity and lack of trend continued today. Yesterday was buy everything except bonds. Today was sell everything, except the...
Afternoon Update
This morning I felt a little overwhelmed with several moves that seemed like mini-fires to be examined and extinguished, such...
UnitedHealth Group Continues To Plunge
1:59 p.m. ET This morning a few areas felt like they were on fire, and some haven’t resolve yet. WTI...
WTI Stop Run
12:26 p.m. ET Sometimes time is all you need. WTI Crude’s earlier plunge that I mentioned on volume as it...
Early Update
11:37 a.m. ET It’s a messy morning in a few areas. It seems like there’s a half-dozen fires in the...
Daily Wrap – Gold and Oil Get Interesting – So Much For Rotation?
This morning’s CPI was the last piece of important economic data of the year. Of course next week we have...
Afternoon Upate
As we head into the close with the SPX below $6100, Semis are coming off session highs along with the...
Intraday Market Update – Mega Caps and Mega Caps Alone
I today’s market action can be summed up in two words, it’s very easy – Mega Caps. There’s the only...
Gold is Back In The Game
I’ve been hoping that gold would make another successful test and a higher low in the process. The next hurdle...
Early Update – CPI
1216 p.. ET CPI was the final key economic data point for 2024 and it came in on the screws,...
A.M. Update
S&P future’s are up +0.4% as CPI came in at consensus. Total CPI was up 0.3% in November (consensus 0.3%)...
Daily Wrap
The stock market extended this week’s losses, reflecting ongoing profit-taking after last week’s record highs. Some indicators are pointing to...