Afternoon Update – SPX $5255 CTA Trigger
My estimated measured move for the SPX was $5150, which was hit this morning. We have a deeply oversold market...
Early Update – Measured Moves Hit, Extreme Oversold
11:41 a.m. ET All of the downside measured moves/target levels posted Friday morning, like SPX $5150, have either been met,...
A.M. Update
The global sell off that began late last week on fears about US economic growth has continued. S&P futures are...
Stock Market Video Update – Carry Trade Crash Down Leads to a Sea of Red
Index futures are a Sea of Red tonight and the culprit? The collapse of the Dollar Yen (-2.35%) as the READ MORE
Stock Market Video Update – Carry Trade Crash Down Leads to a Sea of Red
Index futures are a Sea of Red tonight and the culprit? The collapse of the Dollar Yen (-2.35%) as the...
Afternoon Update – Weak Consolidations Starting To Form
Weakness in mega caps after earnings reports from Apple (AAPL) and Amazon.com (AMZN) Downside follow-through as the possibility of a...
Intraday Update – Technical Support
11:42 a.m. ET We may get one of those consolidations I mentioned sooner than later. The S&P-500 reached its 100-day...
Target Levels
11:08 a.m. ET Ugly day/week… SP-500 -2.65%, Dow -2.3% (Dow Transports -3.6%), NASDAQ-100 -3%, Small Caps -4.1% Earlier this week...
A.M. Update – Recession Fears Spike With Recession Signal
Isn’t it strange thing to see just how fast sentiment, even sentiment around something like a recession, can change. The...
Daily Wrap – Time To Pay Attention
The stock market settled near session lows, leaving the major indices with solid declines. There are a lot of reasons...
And It’s Gone – Yesterday’s Gains, Small Cap’s Rotation, The Dow’s Breakout – All of It!
2:50 p.m. ET There was a lot of bad economic data this morning (notice that bad news is no longer...
Early Update – VERY UGLY Across the Board
11:05 a.m. ET Index futures overnight trade had a shaky tone about them, especially those that should have looked the...
A.M. Update
S&P futures are up +0.5% and look somewhat shaky from overnight trade. NASDAQ futures are up +0.4% and have lost their...
Daily Wrap – FOMC
Microsoft (MSFT -1.1%) was lower after reporting earnings, but index futures jumped overnight following results from Advance Micro Devices (AMD +4.35%) and...
Afternoon Update
As is always the case, Powell’s press conference was much more dovish than the FOMC policy statement. Over the next...
Watching Powell Dove Things Up
2:56 p.m. ET As I just posted in the Technical Take’s Discord Room… And that alone, has pushed Small Caps...
FOMC Policy Statement: Less Dovish Than Hoped
2:23 p.m. Et While the Fed wasn’t likely to surprise with a rate cut, being the market has a 100%...
Semis Lead An Oversold-Type Bounce
12:43 p.m. ET Today is one of those absolute, turn the market on its head, flip flops. The S&P and...
A.M. Update
S&P futures have rebounded in spectacular fashion ahead of the Fed, up +1.25%. The positive bias in early trading is...
Daily Wrap
The stock market was mixed today, although it had a downbeat feel owning to outsized losses in Technology and the...