Daily Wrap – Mind the Gap
Oversold internals never cease to amaze me, which is why I stay away from shorting extreme oversold markets, or buying...
Afternoon Update
The market has more or less returned the the intraday bear flag levels/gap of yesterday just ahead of the FOMC...
URA – This Is What A Breakout Should Look Like
URA is up +6.2%, but not all breakouts can be trusted. They should see heavy volume (buying) on the breakout…...
Early Update – S&P and NASDAQ Hope Mega Cap Earnings Save Them, Small Caps Feeling Pressure From Banks
11:55 a.m. ET I think you’ll find the charts below interesting, especially if the rates/equity correlation has flipped as we...
A.M. Update
S&P futures are up +0.4%, part of the same flag-like correction from last night. The market is in a holding...
Some Excerpts From Tonight’s Subscriber’s Post… Trouble Is Brewing For The Soft Landing
***These are “some” excerpts from tonight’s subscribers post. All of the major indices closed lower and at or near READ MORE
Daily Wrap – Fed Extinguishes March Rate Cut Hopes
All of the major indices closed lower and at or near their worst levels of the day on heavy volume....
Afternoon Update – Powell Pours Cold Water On March Rate Cuts
Considering how dovish Powell was in December, we just saw a LOT of walking back that dovishness. FOMC officials (12...
FOMC Hawkish-Leaning Statement
2:15 p.m. ET I’ve been saying that the bond, FX and credit markets are in disagreement with the equity market...
Early Update – Mega Caps Getting Hit After Earnings, Despite Sharply Lower Yields
11:41 a.m. ET The market opened mostly lower. The S&P 500 and NASDAQ are pinned in negative territory by losses...
A.M. Update
S&P futures are down -0.6% and NASDAQ-100 futures down -1%, while Dow futures are flat as mega-cap and large-cap Tech...
Market Analysis (Jan. 30, 2024) – Mega Caps Stating To Falter
*Below you’ll find the subscriber “Daily Wrap” nightly post for January 30th, 2024. Being we have the FOMC/Fed policy decision, READ MORE
Daily Wrap- Mega Caps Stating To Falter
There was not a lot of conviction on either side of the tape today with the Fed tomorrow, plus we...
Afternoon Update
We’re less than 24 hours away from the FOMC. VIX has shown modest relative weakness most of the day, pretty...
URA Update
3:01 p.m. ET URA is up +1.85%. Price is coming off support of the 50-day sma yesterday… URA (daily) w/...
Early Update
11:58 a.m. ET This morning’s market is acting very typical for 1-day overbought internals yesterday, but I suppose the tone...
A.M. Update
S&P futures are down -0.2% and Russell 2000 down -0.45%. Earnings news since yesterday’s close has received mixed responses. General...
Daily Wrap
Today’s market started as another one of the recent quiet, “wait and see”, days with a slight positive bias. At...
Afternoon Update – Treasury Borrowing Estimate Sends Stocks Higher; URA Looks Ready To Breakout
The market has been a pretty dull affair most of the day, although that’s pretty much the norm in earnings...
Early Update
11:35 a.m. ET This morning the market is flattish and mixed. It’s looking a lot like most days last week,...