Stay on the Ball: Mega-Cap Distribution (Not Daily Headlines) Defines the Bigger AI-Era Shift
After an extended 3-day weekend, the morning equity action picked up where detiorating 3C charts left off Friday resulting in a...
Afternoon Update
3C’s closing vibe is similar to Friday’s, though more focussed on the S&P and Nasdaq-100. SPY (1M) QQQ (1M) And...
Market Update
While losses across mega-cap and tech names sent the major averages lower this morning, the SPX found technical support at...
Tech & Mega Caps Stocks Face Early, Persistent Weakness
It’s another fluid, fast-moving morning. In early trade the market picked up right where Friday Afternoon’s Update left off: what...
A.M. Update
Nasdaq-100 futures are -0.65% lower this morning to start the holiday-abbreviated week. AI-disruption anxiety remains. Most other index futures are...
Afternoon Update
This is my final post for today. I have an appointment later to handle the administrative aspects of my mother’s...
1-Day OverSold Bounce
One of the most obvious takeaways today is yesterday’s one-day oversold internals producing a broad-based bounce, helped by a cooler...
A.M. Update
S&P 500 futures are trading close to unchanged. CPI cme in cooler than expected (except for a jump in super-core):...
Defensive Bias Amid More AI-Disruption Anxiety
Early modest gains reversed sharply into losses as the dead cat bounce in software and mega-cap stocks fizzled out. Investor...
Afternoon Update
Nearing the close, price action doesn’t look great. (5M) – the 100-day is just below, which could provide a speedbump/technical...
WTI Crude Oil Update
WTI is still holding its bullish consolidation. (60m) In my last update I mentioned that if you were interested, look...
Market Update
The market’s momentum flipped quickly again today, from a relatively calm open to noticeable mid-morning selling pressure. I’m grabbing the...
A.M. Update
S&P futures are up +0.35%. Cisco Systems (CSCO) is down -6.5% after the company gave a weaker-than-expected forecast for profitability...
Daily Wrap – AI Anxiety Making Rounds Across Multiple Sectors
Stocks opened higher out of the gate in response to the January Employment Situation Report showing a solid increase in...
Afternoon Update
Most averages are close to their unchanged marks. 3C’s intraday tone is leaning more neutral than yesterday. I’d characterize it...
URA Update
Without posting 5 or 6 different 3C timeframes, it’s hard to round out the bigger picture and the reason for...
Market Update
The strong January Payrolls report shifted things much more hawkishly, virtually pushing the first fed rate cut out to July...
Payrolls Sweet and Sour
Payrolls increased far more than expected,: January nonfarm payrolls increased by 138,000 (consensus: 65,000). December nonfarm payrolls were revised down...
Loss of Market Momentum, Mega-Cap Weakness, USD/JPY Nearing Worrisome Carry Trade Unwind Levels
The rebound effort off last Thursday’s low started to stall Tuesday. Early strength in the broader market succumbed to some...
Market Update
Index futures tone early in the overnight session was calm and composed, consolidating Monday’s cash session gains. Tone turned jittery...