A.M. Update
I thought index futures price last night looked unusual. S&P futures are down -0.55% this morning, with yesterdays best performing...
Daily Wrap
Mega-caps went from laggards last week to stepping into a leadership role today. The NASDAQ-100 lost -3.1% last week, only...
Everything Seems About Right
2:40 p.m. ET So far the S&P is doing exactly what I suspected after coming down to make a lower...
Early Update – Right On Track
11:36 a.m. Et According to Bloomberg, last week, the first trading week of the New Year, saw the worst cross...
A.M. Update
S&P futures are nearly unchanged. The Dow Jones Industrial Average is headed for a lower open due to a big...
Afternoon Update – Addendum
In reading back the Afternoon Update, while I gave the approximate measured move for a double top the size of...
Afternoon Update
Today has been a pretty dull, slow day, which has given me time to dig into a few subjects that...
The Magic of the Government’s BLS Jobs Report & The Psychology of a H&S Top
3:00 p.m. ET SP-500 -0.05%, Dow -0.15% (Dow Transports -0.15%), NASDAQ-100 -0.05%, Small Caps -0.45% While the headline Payrolls report...
Early Update – I’m Surprised, But Not Really
This is going to be a different kind of Early Update, but one I think is timely and needed. I...
A.M. Update
S&P futures are down -0.2%. The 10-yr yield moved above 4.00%, up six basis points from yesterday to 4.05%, which...
Daily Wrap – S&P Makes Its First Lower Low Of The Nine-Plus Week Rally
Notice how the market was much calmer today. I attribute a big part of that to yesterday’s 1-day oversold internals,...
H&S Neckline Coming Into View
2:12 p.m. ET In yesterday’s Daily Wrap I laid out a scenario that looks likely, although I’m always open to...
Daily Wrap – The Message of the Market
*First, my apologies for the late hour of this post, but there’s a lot to convey as we are nearing...
Afternoon Update
3:33 p.m. ET SP-500 -0.6%, Dow -0.6% (Transports -1.5%), NASDAQ-100 -0.85%, Small Caps -2.6% This week starts the first trading...
FOMC Minutes Not As Dovish As Powell Portrayed
2:42 p.m. ET Given some of yesterday and today’s developments, earlier today (and yesterday) I wondered whether the FOMC Minutes...
Early Update – Small and Mid-Caps Turn
11:54 a.m. ET Yesterday it was the mega-caps getting hit, this morning its the Small Caps and Dow Transports. You...
A.M. Update
S&P futures extend yesterday’s losses, down -0.4%, but this morning led lower by Small Cap Russell 2000 futures (-1.2%) rather...
Daily Wrap
Happy New Year! We didn’t have to wait long for some ugly stock market action in 2024. The mega-caps were...
Afternoon Update
What started out as pretty much mega-caps weighing the market down, has spread to a wider risk-off sentiment. The...
Getting Uglier – Taking a Look At Tech
3:02 p.m. ET SP-500 -0.9%, Dow -0.2% (Dow Transports -0.9%), NASDAQ-100 -2.1%, Small Caps -0.95% The mega-caps (MGK -2.25%) are really...