A.M Update
S&P futures are up +0.05%, or barely. Target’s (TGT) earnings this morning were an absolute disaster, unlike Walmart’s WMT after...
Daily Wrap – Geopolitical Turmoil Twists and Turns & the Market Goes Back to Focusing on Nvidia Earnings
There’s a little of everything in today’s mix. First, Ukraine got the most attention after getting the go-ahead from Washington...
Afternoon Update
The stock market has largely shaken off geopolitical tensions and gone back to plan – consolidate (bearish bias) ahead of...
3C Update, Nvidia & The Averages
12:31 p.m. ET Futures were impacted overnight as you already know, but in the cash session, 3C is confirming the...
Early Look – Averages Bouncing Back Toward Yesterday’s Consolidation Areas
11:01 a.m. ET I was worried about this in the near-term, as I posted yesterday on Twitter/X. https://x.com/WOWSTrade/status/1858562079830982679 However, since...
A.M. Update – Geopolitical Tensions Heat Up
Equity futures and Treasury yields (flight to safety) are lower in early action. Geopolitical tensions are heating up after Russian...
Daily Wrap – Consolidation, But Not Complacency
Beyond the initial election knee-jerk reaction, we’re starting to see the enthusiasm cool and investors starting to ask more questions...
Afternoon Update – Consolidation in Effect, Should Continue Tomorrow
Heading into the close, we’re getting some better fleshed out consolidations with Treasuries near session lows. I’d still favor giving...
Semiconductor (SOX) Update
2:36 p.m. ET As I wrote in last Wednesday’s Semiconductors (SOX) Testing 200-day in talking about my 3 favorite places...
Market Update – Consolidative So Far
1:30 p.m. ET Other than 1-day oversold internals on Friday and the modestly more positive shift in short-term 3C charts...
URA Bull Flag Breaking Out
1137 p.m. ET I updated URA in which it tested resistance — an important next step resistance level, but not...
Gold Testing Above $2600
Gold’s $2600 was and still is a key level of potential support. Price is trading above $2600 ($2618) and early...
Early Update – Early Look At Consolidation
1025 a.m. ET It’s way too early in the session to draw anything definitive from so little price action, but...
A.M. Update
S&P futures are futures up +0.1%, contracts linked to the Dow are down -0.1%, while Nadaq-100 and Russell 2000 are...
Weekend Stock Market Video Update
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Afternoon Update
Nothing much has changed from this morning, except the rate of change of decline slowed while making lower lows. Unless...
Not a Flag
1135 a.m. ET The New York Fed Empire State Manufacturing Survey for November checked in at 31.2 , blowing away...
A.M. Update
S&P futures are down -0.6%, troubled by Powell’s comments and higher rates. The 10-yr yield is up three basis points...
Daily Wrap – Powell Throws Cold Water on the Market’s Enthusiasm
While PPI came in pretty much at consensus, a deeper dive revealed that the last mile is often the hardest...