Early Update – Growth Stocks Weighing, NASDAQ Testing
11:10 a.m. ET The morning is fairly volatile and fast moving in terms of market swings after the Payrolls report,...
A.M. Update – Employment Misses, Wages Rise, Yields Jump
The S&P index enters the last day of the week down -1.5%. S&P futures were trading up +0.3% until the...
Daily Wrap
The scenario outlined yesterday in the Afternoon Update and Daily Wrap unfolded nicely today. NASDAQ-100 was down as much as...
Afternoon Update
I’m going to keep this brief. If you haven’t already, please see my last post, The Path Forward, which fleshes...
Market Update – The Path Forward
2:41 p.m. ET SP-500 +0.15%, Dow -0.3%, NASDAQ-100 +0.3%, Small Caps +1.1% It looks like the day is unfolding as...
Early Update – Flush and Oversold Conditions In Place
11:19 a.m. ET So far this morning things are looking pretty much like I laid out in yesterday’s Afternoon Update, then...
A.M. Update
Global stocks followed U.S. stocks lower, but S&P futures are flat. The tech-heavy NASDAQ futures are seeing continued weakness, down...
Daily Wrap
I often say that equities are the last to get the message. For weeks now market-based measures (STIRs) have been...
Afternoon Update
3:39 p.m. ET The FOMC December meeting minutes are much more hawkish than Powell let on during the press conference....
FOMC Minutes – Hawkish & S&P Near Breaking Flag
2:28 p.m. ET I’m still going through the minutes, but it’s hawkish, more so than expected. They are very concerned...
Pre-FOMC Minutes Update
1:20 p.m. ET The preference for value over growth stocks is accelerating or widening as yields revere to trade a...
Early Update – Pause
10:45 a.m. ET The open carries over the mixed tone with Dow and NASDAQ-100 on either end of the spectrum,...
A.M. Update
Yesterday’s mixed bias carries over to the futures market, albeit to a lesser extent with the S&P unchanged and NASDAQ...
Stock Market Daily Wrap
Index futures trended higher overnight and in pre-market after a round of fairly strong Manufacturing data from Asia and Europe, READ MORE
Daily Wrap
Index futures trended higher overnight and in pre-market after a round of fairly strong Manufacturing data from Asia and Europe,...
Afternoon Update
As the last post covered, there’s a chance we’re seeing some false / failed breakouts, which are often followed by...
Failed Breakouts in the Works?
1:47 p.m. ET SP-500 -0.3%, Dow +0.55%, NASDAQ-100 -1.9%, Small Caps -0.3% Yesterday I wrote, “An ideal short sale set-up...
Early Update
10:58 a.m. ET The ISM Manufacturing Index for December decelerated and decreased to 58.7% (consensus 60.3%) from an unrevised 61.1%...
A.M. Update
Asia ended mixed, but Europe is trading solidly higher. December manufacturing PMIs out of China, Japan, Australia, and the UK...
Daily Wrap
Index futures drifted higher with Europe to start the week, although as noted in the A.M. Update, 3C was negatively...