Seems Like An Oversold Bounce and Not Much More
My gosh, these days are long, taking in numerous, wildly changing events and news, much of it in the AI...
A.M. Update
S&P futures are up +0.2% ahead of President Trump’s State of the Union tonight. Advanced Micro Devices trades sharply higher in...
AI Wrecking Ball + Tariff Turmoil: Broad Selling, Defensive Rotation, Nvidia on Deck
Uncertainty and selling was a broad-based theme coming into the new week (Tariffs, Geopolitics-both Iran and now Mexico and AI...
Afternoon Update
The AI anxiety is not over. IBM falls -13.25% as Anthropic’s AI automation of COBOL modernization threatens its legacy mainframe...
Uncertainty (Potential 1-Day Oversold Internals)
Uncertainty looks to be the word of the day; whether tariff uncertainty, software stocks breaking down from their bearish consolidation,...
A.M. Update – Tariff Uncertainty Rears Up
S&P futures are down -0.33%, Nasdaq and Russell 2000 are down -0.5% and -0.55% respectively, though off overnight lows. Trading...
Afternoon Update
President Trump lashed out against the Supreme Court decision to interfere in his use of IEEPA to impose sweeping tariffs...
The Slow Friday Expected
Stocks faced some choppy action, initially trading lower in response to this morning’s economic data (hotter-than-anticipated December PCE kept year-over-year...
A.M. Update
US equity futures turned lower in pre-market trading, erasing earlier overnight gains amid escalating geopolitical risks from US-Iran tensions alongside...
Short & Sweet Tonight: Mom’s Homecoming, Dull Markets, and Mounting Mega-Cap Warning Signs
Tonight’s post is going to be abbreviated and in an informal format. I didn’t expect my Mom’s remains were coming...
Afternoon Update
The major averages remain little changed from previous levels, on course for a lower close that negates the bulk of...
Market Update – On Track, Slow and Steady
The broader market is taking a step back after a solid “risk-on” session yesterday. Wednesday’s trade didn’t result in 1-day...
Staying On the Ball Part 2: Mega-Cap Distribution Defines the Bigger AI-Era Shift
Stocks had a solid session today, though they finished off their session highs this afternoon. The gist of the FOMC...
New ABI Signal
The ABI is currently at 12.39 with a couple of minutes to go. It looks like we’ll have a new...
FOMC Minutes
Summing up the January FOMC Minutes with a word, “Cautious.” Overall tone was patient and cautious. Most participants viewed the...
Mega Caps Bouncing Toward a BackTest of the Neckline
As noted in the A.M. Update, ” The market has a little more optimistic feel this morning.” The hints are evident...
A.M. update
S&P futures are up +0.2% with a little different vibe this morning. Most mega caps are green as the 200-day...
Stay on the Ball: Mega-Cap Distribution (Not Daily Headlines) Defines the Bigger AI-Era Shift
After an extended 3-day weekend, the morning equity action picked up where detiorating 3C charts left off Friday resulting in a...
Afternoon Update
3C’s closing vibe is similar to Friday’s, though more focussed on the S&P and Nasdaq-100. SPY (1M) QQQ (1M) And...
Market Update
While losses across mega-cap and tech names sent the major averages lower this morning, the SPX found technical support at...