Afternoon Update
Referencing yesterday’s forecast for today: “$7500 has once again become a key near term pivotal level, but it seems like...
$7500 Op-Ex
From yesterday: ” $7500 has once again become a key near term pivotal level, but it seems like a high...
A.M. Update
S&P futures are up +0.9% this morning, nearly retracing yesterday’s knee-jerk lower. WTI crude oil futures are down -2%, though...
“Higher for Longer” Confirmed: Hawkish Warsh Sparks Risk-Off Move
*This is an important update. I have a lot of good stuff for you. After spending the first half of...
Afternoon Update
The market’s take on the Fed=Very Hawkish. The U.S. Dollar Index is up +1%, that’s a huge move, and it’s...
Hawkish FOMC
Rates left unchanged as expected by a vote of 12-0, no dissents. Policy Statement DRAMATICALLY Shorter. Fed Removes “Easing Bias”...
FOMC Drift
A modest rebound in tech names is offsetting broader market weakness as the market rolls into the Fed this afternoon....
A.M. Update
S&P futures are up +0.1%, drifting modestly higher in front of the Fed this afternoon. Yields are mixed and very...
Sharp Tech Reversal: Semis Give Back All of Monday’s Gains and More
The S&P and Nasdaq-100 have done exactly as forecasted last Thursday, Chart & Excerpt: SPX (30M) A bounce here makes...
Afternoon Update
SOX’s most prominent feature today is a small double top with what looks like a reasonably high probability bull trap...
SOX Double Top?
3C was onto something yesterday, even as stocks rallied on MOU enthusiasm, the indicator suggested institutional money was selling into...
Relief Rally on U.S.-Iran MOU: Tech, Semis and Mega Caps Lead, But Weak Breadth and AI Risks Cast a Shadow
The stock market kicked off a holiday-shortened week with a sharp rally, as a signed MOU between the U.S. and...
Afternoon Update
As we near the close, Declining issues have been on the rise since the open. NYSE Decliners (1M) Advancers have...
Market Update – Pretty Much On the Expected Track From Last Week
Yesterday’s announcement from President Trump that a peace agreement between the U.S. and Iran has been reached has paved the...
A.M. Update
S&P futures are up sharply (+1.25%) after President Trump announced on Sunday that a peace deal between the U.S. and...
Afternoon Update
I’d say there’s a lot riding on this MOU, specifically oil prices which have been rather tame, but as reserve...
Market Update. Hmmm. I’m a Little Surprised.
There’s a lot happening today. SpaceX is of course garnering a lot of interest and headlines. There has been some...
A.M. Update
S&P futures are up +0.25% to build onto yesterday’s rally that has the major averages back to a mostly higher...
From ‘They’re Finished’ to ‘The War is Over:’ Market Rallies on Trump’s Sudden Iran Reversal
Stocks opened mostly higher after this morning’s PPI report. Unlike the past few days, we didn’t see the usual pattern...
Afternoon Update
Running through 3C charts, I’m not blown away by the post-Trump TACO reaction, at least not on 3C charts, but...