Afternoon Update
OK. So Maybe the Israel/Iran tit-for-tat isn’t over. Apparently Iran is preparing for a “major” retaliatory strike against Israel, based...
Intraday Update
12:58 p.m. ET As yields meet some resistance (higher yields have been part of the pressure on stocks this morning),...
Early Update – Mostly What We’ve Been Looking For on an Ugly Start
11:18 p.m. ET A lot of the market price patterns/signals are being played out this morning. SP-500 -1.6%, Dow -1%...
S&P and Nasdaq-100 futures are down -0.65% and 0.75%, and that’s off the worst level of the norming. As we...
Daily Wrap – Semis Spoil Alphabet’s Party
After Alphabet’s (GOOG +2.9%) earnings after the bell yesterday, you might have expected a strong day in the Nasdaq-100. It didn’t...
Afternoon Update
3.52 p.m. ET VIX (+3.9%) is displaying relative strength after a somewhat volatile start that included relative weakness in the...
3C and More
2:28 p.m. ET OK, back online with 3C charts… You already now 3C’s non-confirmation for SPY since yesterday on short...
Early Update – Volatile Start Across Nearly All Asset Classes
12:03 p.m. ET The market was off to an even uglier start in the tech space than premarket, but we’re...
A.M. Update
S&P futures are down -0.1% despite Alphabet’s earnings. Other Index futures are down -0.2% (including Nasdaq-100) to -0.4%. The weekly...
Daily Wrap – Mega Caps and Semis Run the Show, and Little Else. Gold Sets a New Record High.
This heatmap of the S&P mostly encapsulates the day… There’s a lot of green, but that’s all the heavily weighted...
Afternoon Update
The NDX (+1.15%) is currently trading +0.15% above the local resistance highlighted in the last post as yields continue to...
Intraday Update – Yields Coming Down
230 p.m. ET U.S. Treasuries have risen off their lows (higher yields intraday), thanks to the afternoon $44 bln 7-yr...
China Considering More Stimulus – Gold New Record High
12:34 p.m. ET Yesterday I wrote that compared to stocks, I thought commodities and precious metals looked a lot more...
A.M. Update
S&P 500 futures are down -0.2% Higher Yields this morning are putting more downside pressure on stocks, and the wait...
Daily Wrap
Israel launched its much anticipated retaliation against Iran over the weekend and as far as I can tell, it was...
Afternoon Update -SPX Falling Three Methods
3:45 p.m. ET Earlier I characterized the market (despite Sunday’s gap up open in futures) as “Wait an See” or...
Stocks Treading Water As Rates Rise – Must See Commodity Charts
12:57 p.m. ET One of the primary drivers of today’s trade is one of at least 4 or so major...
A.M. Update
S&P futures are up +0.55%, gapping up Sunday night after Israel’s retaliation was more limited in scope than expected. Oil...
Daily Wrap
Market rates have increased from pre-market from down 2 bp to now Up +4bp. Buying activity in the equity market...
Afternoon Update – Confirmed
I think I got the answer I was looking for that depended on this morning’s strong start. SPX (daily) Long...