Afternoon Update
The S&P is taking on the shape of a small inverse Head and Shoulders base with this morning giving us...
NEM (Newmont Corp) Follow Up – Nice Breakout
2:08 p.m. ET I featured NEM yesterday after it came up in The Technical Take Discord room. Newmont was READ MORE
NEM (Newmont Corp) Follow Up – Nice Breakout
2:08 p.m. ET I featured NEM yesterday after it came up in The Technical Take Discord room. Newmont was...
Early Update – SPX $5,000
12:01 p.m. ET The GDP report an absolute mess. We’ll have to see what the more accurate release of core-PCE...
A.M. Update
S&P futures are down -1.25%. Q1 GDP unexpectedly collapsed to just 1.6%, down more than 50% from the Q4 print...
Daily Wrap – Does META Give Us The Higher Low?
Despite positive responses to earnings from influential names like Tesla (TSLA), Visa (V), and Texas Instruments (TXN), that fueled initial...
Afternoon Update – Consolidations in the Averages
3:31 p.m. ET Overbought conditions like yesterday’s 1-day overbought internals signal will usually correct through price (pull back) or time...
Early Update – There’s A Lot To Be Aware Of This Morning
11:39 a.m. ET It looks like yesterday’s 1-day overbought internals were right on with what’s happening this morning. Outside of...
A.M. Update
S&P futures are up less than a tenth of a percent and NASDAQ-100 futures are up +0.5%, but well off...
Daily Wrap – Here’s What To Watch For Next (And some new indicators)
Today saw follow-through buying of a broad-based nature. Some decent earnings results out of the Industrial sector and the Consumer...
Intraday Update
3:24 p.m. ET The market looks pretty good today with advancers better than 6-to-1 margin at the NYSE and a...
Early Update – Oversold Bounce Follow Through
11:56 a.m. ET Sellers have backed away and CTa’s appear to be finished deleveraging instigated by their short-term price level...
A.M. Update
S&P futures are up +0.35%. A continued downturn in oil prices (-1 @ $81.03) has helped improve sentiment a bit,...
Daily Wrap – Oversold Rebound Tone
Today was a pretty easy day for the market to rally in that there was no escalation of geopolitical events...
Afternoon Update
The averages had a decent bounce today with broad participation typical of an oversold bonce, but all of the averages...
SPX > $5,000
1:41 p.m. ET The S&P made a run at $5,000 earlier and didn’t make it, but now it’s trading just...
Early Update – SPX $5,000 Is Important
12:05 p.m. ET It doesn’t seem like there’s a lot going on at the index level with the open showing...
A.M. Update
S&P futures are up +0.6% after 6 days down and after the index posted its worst weekly performance in more...
Afternoon Update
I’ve been picking up yellow, orange and eventually red flags most of the year. I’ve stuck to my guns on...
Market Update
3:02 p.m. ET Still watching the market and still no clear signs that the selling in Tech, semis and mega-caps...