Daily Wrap – Short Squeeze Day Two
Today marks the third consecutive day of mostly dull price action in the major averages as they failed to follow...
Afternoon Update
It’s just a pretty dull day. Most of the averages are +/- 0.3% from unchanged, except Small Caps +1.45%, which...
Apple Abandons Electric Car, Pivots to… AI
16 years after the idea, Apple gave up on producing its electric car today. ” the decision to ultimately wind down...
Market Update -Biotechs Add To Breakout
1:39 p.m. ET Today’s trade has a similar feel to yesterday’s trade. The three major indices are little changed from...
Early Update
11:29 a.m. ET The stock market is lacking direction again today. The three major indices trade near their prior closing...
A.M. Update
S&P futures are little changed, up +0.1%, as the week’s important economic data and Fed speakers draw near. Earnings news...
Daily Wrap
Today was another fairly dull consolidation day – the second in a row since Nvidia’s earnings sent the market higher...
Afternoon Update
Outside of Bitcoin making a nice move up on heavier volume (mentioned this morning), it’s been pretty slow in equity...
Intraday Update -Quiet Day
3:03 p.m. ET It’s been another pretty quiet session post Nvidia earnings, but still falls well within the realm of...
Early Update
11:29 a.m. ET It’s a fairly quiet start to the new week. Other than some short covering, there’s not much...
A.M. Update
S&P futures are vacillating around unchanged in pre-market (+0.05%). There are some notable events this week, including earnings from some...
Afternoon Update – PCE Next Week
Today wasn’t quite the bullish follow-through day I thought possible due to internals not being overbought, despite yesterday’s spectacular rally....
Defensive Market Tone Is Back & Potential Long Trades in Biotechs
1:37 p.m. ET Since last week’s CPI report came in hotter than expected — which killed the market’s dovish “Rate...
Early Update – Not Great Follow Through As Defensive Bias Remerges
11:27 a.m. ET Yields aren’t down much, but they are softer than pre-market (2y -1bp / 10y -5 bp). That’s...
A.M. Update
Index futures are mixed and flattish, up or down 0.1% to 0.15% The market is lacking direction after Nvidia’s earning-induced...
Daily Wrap – The Chase Is Back On
In the spirit of the AI revolution and Nvidia’s impressive earnings beat, I came up with today’s post picture to...
Afternoon Update
Taking a quick look around, all major averages are higher. Ten of 11 S&P sectors are higher, but at last...
Intraday Update
The averages are adding to gains, although the catalyst stock for those gains, Nvdia, hit an intraday high just before...
Early Update – Crowding Back Into Crowded Trades
11:42 a.m. ET After a week and a half of slowly moving out of the concentrated leadership names, Nvidia’s results...
A.M. Update
S&P futures are up +1.35% and NASDAQ-100 futures +2% as Nvidia’s pre-market gains continue to pile on, now up 11.75%...