Afternoon Update
Not much has changed since midday, with just the Energy (-0.6%) and Consumer Staples (-0.4%) sectors red. Today’s equity market...
Market Update
Tuesday had 2 of 3 conditions necessary for a 1-day oversold. Today’s price action reflects that, like 1-day oversold-lite. A...
A.M. Update
S&P futures are up +0.35%, a modest bounce as The New York Times reported Iranian backchannel outreach to the CIA...
Equity Investors Get the Memo: Interesting Change in Character and Another ABI Signal
Monday equity investors brushed off the weekend war with Iran: Stocks Shrug; Why This “Tempest in a Teapot” Could Turn...
Quick Afternoon Update
There’s a whole lot of craziness out there today. A good deal of it was probably due yesterday in terms...
Trump to Provide Insurance/Naval Escorts
This was just posted on Truth Social as the administration tries to find a way to get oil flowing through...
From Complacency to Panic: Probably Short-Term Oversold
The market is starting to come to terms with the idea that Iran might be more than a short-term skirmish...
A.M. Update
Things are pretty ugly this morning. Index futures are making a lower low in the decline from the middle of...
Stocks Shrug; Why This “Tempest in a Teapot” Could Turn Ugly for Credit & Stocks
March kicked off on an eventful note. In truth, 2026 feels increasingly chaotic. I know that’s somewhat subjective. I’m aware...
IRGC Said To Close Strait of Hormuz
I can see the developments in price before I can find them in open source intelligence. Crude oil (+8.5% @...
Market Update
I’ve long held the view that most geopolitical flare-ups prove to be tempests in a teapot for markets in the...
A.M. Update
S&P futures are down -1.15% and Nasdaq-100 are down -1.5%. following this weekend’s developments. The conflict has now entered its...
Afternoon Update, Things About to Get Spicy: Software & Mega Caps
It’s easy to buy into fear when the market is dropping. The bigger the drop, the more believable the scary...
Mega Caps and Software Weak, But Credit Increasingly Alarming
I’ve viewed Software’s bounce as a dead cat (until proven otherwise). The group is under pressure again after a 3-day...
A.M. Update
Index futures are down between -0.8% and -1.5%. Nvidia is lower again. Most mega caps are lower. Many key software...
AI Winners Dumped, AI Losers Bid, Credit Warns & H&S Tops Signal Trouble Ahead
The market went “The other way” and sold the news. Nvidia blew away earnings, yet traded -5.45% lower. Software stocks...
Afternoon Update
I’ve been running through 3C charts for hours. The gist is little changed as it relates to the large-cap dominant,...
Semis Under Pressure Post-NVDA Earnings
Following Nvidia (NVDA -4.6%) earnings, Semis are under pressure (SOX -4.1%), pulling the top-weighted Technology sector (-2.15%) to the bottom...
Narrow Leadership Rally: Mega-Caps Backtest H&S Necklines as Rare ABI Signals Cluster
Technology leadership led to a solid session for the indices ahead key earnings after the bell, though the breadth of...
Afternoon Update
There’s been an odd reversal of 2026 rotational themes, led by Technology (just ahead of Nvidia earnings after the close)...