Afternoon Update
The major averages remain little changed from previous levels, on course for a lower close that negates the bulk of...
Market Update – On Track, Slow and Steady
The broader market is taking a step back after a solid “risk-on” session yesterday. Wednesday’s trade didn’t result in 1-day...
Staying On the Ball Part 2: Mega-Cap Distribution Defines the Bigger AI-Era Shift
Stocks had a solid session today, though they finished off their session highs this afternoon. The gist of the FOMC...
New ABI Signal
The ABI is currently at 12.39 with a couple of minutes to go. It looks like we’ll have a new...
FOMC Minutes
Summing up the January FOMC Minutes with a word, “Cautious.” Overall tone was patient and cautious. Most participants viewed the...
Mega Caps Bouncing Toward a BackTest of the Neckline
As noted in the A.M. Update, ” The market has a little more optimistic feel this morning.” The hints are evident...
A.M. update
S&P futures are up +0.2% with a little different vibe this morning. Most mega caps are green as the 200-day...
Stay on the Ball: Mega-Cap Distribution (Not Daily Headlines) Defines the Bigger AI-Era Shift
After an extended 3-day weekend, the morning equity action picked up where detiorating 3C charts left off Friday resulting in a...
Afternoon Update
3C’s closing vibe is similar to Friday’s, though more focussed on the S&P and Nasdaq-100. SPY (1M) QQQ (1M) And...
Market Update
While losses across mega-cap and tech names sent the major averages lower this morning, the SPX found technical support at...
Tech & Mega Caps Stocks Face Early, Persistent Weakness
It’s another fluid, fast-moving morning. In early trade the market picked up right where Friday Afternoon’s Update left off: what...
A.M. Update
Nasdaq-100 futures are -0.65% lower this morning to start the holiday-abbreviated week. AI-disruption anxiety remains. Most other index futures are...
Afternoon Update
This is my final post for today. I have an appointment later to handle the administrative aspects of my mother’s...
1-Day OverSold Bounce
One of the most obvious takeaways today is yesterday’s one-day oversold internals producing a broad-based bounce, helped by a cooler...
A.M. Update
S&P 500 futures are trading close to unchanged. CPI cme in cooler than expected (except for a jump in super-core):...
Defensive Bias Amid More AI-Disruption Anxiety
Early modest gains reversed sharply into losses as the dead cat bounce in software and mega-cap stocks fizzled out. Investor...
Afternoon Update
Nearing the close, price action doesn’t look great. (5M) – the 100-day is just below, which could provide a speedbump/technical...
WTI Crude Oil Update
WTI is still holding its bullish consolidation. (60m) In my last update I mentioned that if you were interested, look...
Market Update
The market’s momentum flipped quickly again today, from a relatively calm open to noticeable mid-morning selling pressure. I’m grabbing the...
A.M. Update
S&P futures are up +0.35%. Cisco Systems (CSCO) is down -6.5% after the company gave a weaker-than-expected forecast for profitability...