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Early Update -Phoning It In
12:24 p.m. ET The market is very dull this morning. Most of the averages are flat on the day. S&P...
A.M. Update
S&P futures are down -0.25%, which is in stark contrast to the 8.1% stimulus-driven, fear-of-missing-out rally in China’s Shanghai Composite....
Stock Market Video Update
https://youtu.be/DBrp7LzcABA
Stock Market Video Update
https://youtu.be/DBrp7LzcABA ...
Afternoon Update
As we move in to the close, the triangle consolidations come to an apex at the end of the day...
Triangles Coming To An Apex
1:21 p.m. ET SP-500 -0.1% Dow +0.4% (Transports +0.7%), Nasdaq-100 -0.45%, Small Caps +0.8% SPX (5m) This triangle comes...
Daily Wrap
U.S. markets had a lot of reason to post a very strong day. Micron (MU +14.75%) beat earnings, raised guidance,...
Afternoon Update
We’re not going to get an ugly close. SPX (5m)NDX (5m) But is this really the most bullish morning of...
Market Update – The Most Bullish Morning of the Year?
2:05 p.m. ET After 2 consecutive days of the PBoC’s simulative monetary policy actions, last night the politburo conducted their...
A.M. Update – Stimulus Bonanza
S&P futures are up +0.8%. For the third day of China stimulus in a row, China goes all in. China’s...
Daily Wrap
The People’s Bank of China provided another piece of policy stimulus, cutting its Medium-Term Lending Facility by 30 basis points...
Afternoon Update
With effectively 1 stock (Nvidia) trying to sponsor a breakout in the SPX/NDX, it didn’t get far as you can imagine....
Commodities Update
Copper and Gold are consolidating bullishly. Silver is on the verge of a meaningful breakout that only adds to inflationary...
Early Update – Pitiful Breakout Attempt?
I’m going to keep this post focused on stocks, and follow up next with a post on commodities next. They...
A.M. Update
S&P futures are effectively flat. The PBOC was back at it last night, announcing a 30 basis points cut to...
Daily Wrap
Overnight China added to stimulus measures. The People’s Bank of China (PBoC) said the 7-day reverse repurchase rate will be...
Afternoon Update- Watch WTI Crude’s $72 Level
There hasn’t been any meaningful movement since the last update, which itself pointed to the fact that there hasn’t been...
Early Update
12:45 p.m. ET This early update isn’t as early as I hoped, but I’ve had to write and rewrite it...
A.M. Update
S&P futures are up less than 0.1%. They did it. China announced stronger than expected, massive stimulus measures. This, of...