Early Update -Mega Caps/Semis’ Relative Strength Fades
12:22 p.m. ET This morning’s tone has more of a low conviction, risk-off feel. Growth style factors (+0.3%) have a...
A.M. Update
S&P futures this morning are down -0.1%, while Dow futures are down -0.2%. Earnings news since yesterday’s close have garnered...
Daily Wrap – Crypto Breaking Out
Last night’s relative performance in Index futures gave a hint as to today’s market performance. Nasdaq-100 and the Dow had...
Afternoon Update
As noted this morning, there’s not a lot of movement in 3C on the day, at last as of yesterday’s...
Coinbase (COIN) Continues to Improve
3:09 p.m. ET Coin is up +6.8% now, coming close to testing the bullish ascending triangle’s upper trend line with...
Intraday Update – Powell, Beige Book, Mega Caps and Ethereum
2:55 p.m. ET The market is listening to Powell, but thus far it’s been more of a fireside chat than...
Early Update – Mega Caps Back To Leadership Ethereum Trading At $3800.
1244 p.m. ET There was some early index future volatility into the cash open. S&P is little changed from pre-market with...
A.M. Update
S&P futures are up +0.3%, bolstered by positive responses to earnings results from technology names like Salesforce (CRM), Marvell (MRVL),...
Daily Wrap – Geopolitical Tensions Blamed For a Lackluster Day in Markets… I Don’t Know About That.
There wasn’t a lot of conviction in the market today. Upside moves were driven largely by mega cap gains this...
Afternoon Update
This wasn’t the session I was expecting or hoping for. There’s simply no conviction, which makes you wonder following the...
Market Update – No Conviction or Bias
2:40 p.m. ET As index futures pointed the way in pre-market, they weren’t wrong with the averages mixed, but mostly...
A.M. Update
Equity futures are flattish, indicating a mixed start to the session. Treasuries are mixed. The 2-yr yield is down two...
Daily Wrap
At the sector and averages’ headline level, today was mixed with more than half of averages closing lower and a...
Afternoon Update – Growth Over Value
Ahead of the close, the SPX +0.25% is near session highs, benefitting from mega caps/semi relative strength. The Dow -0.3%...
Mega Caps & Semis Price Action Today Suggests They Don’t Have the Kind of 3CSupport Price Alone Depicts.
2:35 p.m. ETSPY (1m) doesn’t suggest that SPY is getting all that much support on the day. QQQ (1m) suggests...
Market Update – Large Cap Tech and Growth’s Strength Today Puts Small Cap Leadership in Some Doubt
1:10 p.m. ET Rates have declined since this morning, but it hasn’t led to any increased buying. The main takeaway...
Early Update – Mixed Open Favoring Growth and Mega Caps Over Value and Small Caps
1120 a.m. ET Rising market rates have kept pressure on equities after a stellar showing in November. Intel CEO, Pet...
A.M. Update
S&P futures are flat. The US Dollar Index is 6.5% higher at 106.32 after President-elect Trump said he would enact...
USD/JPY vs. SPX/Dow At The Close
On the holiday shortened week: SPX +1.06%, DJIA +1.39% (Transports +1.45%), NDX +0.74%, Small Caps +1.34%. And S&P sectors on...
Afternoon Update
That just about concludes the holiday shortened week and the month of November. Dealer gamma profiles should allow for prices...