Gold Looks Like It’s Ready To Break Out
3:26 p.m. ET Gold has been trading in a bull flag and that bull flag looks close to breaking out....
Interesting Stuff Happening – The ABI Went into the 15’s
215 p.m. ET The Internals signal strike again. From last night’s Daily Wrap, “I can’t say 1-day overbought with such...
A.M. Update – Initial Jobless Claims Surge; CPI Hotter Than Expected
S&P futures are down -0.3%. Weekly initial jobless claims surged higher to 258,000 (consensus 229,000) and last week’s total was...
Daily Wrap – Must Read If You’re A Crypto Bull
Apologies for the late post. It’s been a a crazy day for me between electric & internet outages, and running...
Intraday Update
WTI Crude Oil looks like it’s finding support. Yields are already headed higher. I imagine they’re going to continue higher...
Volatility Is Getting Interesting Again: The Absolute Breadth Index
3:34 p.m. ET The ABI dipped as low as 16.14 intraday and is at just 17.66, and also looks like...
FOMC Minutes Are Very Interesting – Much More Divided Than Thought; Don’t Trust Gov’t Employment Data
The market paused in the Nasdaq-100’s minor resistance, the gap up from September 26th. NDX (15m) After all, it is...
Daily Wrap – One Day Oversold Internals Kick In As China Is Slammed
Yesterday afternoon I pointed out that the SPX and NDX were toward the bottom of their ranges and everything except...
Afternoon Update
I’ve been running through 3C charts is various timeframes and I stand by my assessment that investors are playing a...
One Day Oversold & China Fails To Meet Market Expectations
1:24 p.m. ET Before we get to the U.S., I have to touch on events from China. I’ve said numerous times...
A.M. Update
S&P futures are up +0.4%. Treasury yields are providing some support to equity futures. The 2-yr yield is down two basis...
Daily Wrap
The market had a negative tone from the get-go as crude oil prices rose and yields along with. Selling increased...
Afternoon Update
After a slow, mostly unchanged week last week, this morning wasn’t a horrible stat to the market, but the day...
Intraday Update
2:53 p.m. ET I was just preparing a post showing the SPX, DJIA and Small Caps a bit lower than...
Early Update – Relation In Full Swing
12:09 p.m. ET Apologies for missing the A.M. Update. I have a busy week and with our area in the...
Latest Stock Market Video Update: What I Like To Buy in Q4′ Reflation (Stagflation)
https://youtu.be/WIbCG_FONoU
New Video
https://youtu.be/WIbCG_FONoU...
Afternoon Update
I try not to get into politics. My political views may surprise you. I can almost guarantee they are not...
Oil Down on Biden Comments
3:01 p.m. ET WTI crude is off he highs, still about +0.9%. WTI (1m) I didn’t catch the full press...
Market Update
2:12 p.m. ET I’d “think” that with the Fed cut and a strong Payrolls report, the market theme would be,...