Daily Wrap — FOMC, U.S.- China Talks, AI Chip Rule – Still on Track.
I’ll try to keep tonight relatively brief because things going as expected, at least from the short term outlook, and...
Afternoon Update – Beware Knee-Jerk Reactions. Once Again, The Concept Is Proven Correct On This FOMC Day.
As I’ve said the last 2 days, “Beware of initial FOMC knee-jerk reactions. They are often wrong and retraced.” U.S....
FOMC – Outlook Uncertainty Has Increased Further – Fed
2:17 PM ET The Fed kept ranges as widely expected with just a 2% chance of a rate cut this...
Market Update – Consolidations Continue to Go Well
12:38 PM ET The major averages are still tracking nicely in developing bull flags… Averages SP-500 +0.1%, Dow +0.6% (Transports...
Daily Wrap – Constructive Consolidation, But An Indicator Is Screaming, “Recession Ahead.” Also Big News on the Trade Front.
Stocks opened lower, then came of the lows when Treasury Secretary Scott Bessent said the US is negotiating with 17...
URA to $29
URA (+3%) just started breaking out of a bull flag today with a conservative measured move of $29 which is...
Afternoon Update – Consolidations Still on Track
3:21 PM ET The day for the market has been on the slow side – pretty typical of consolidations. Price...
Market Update – Consolidation Phase Continues
12:08 PM ET Stocks came off their morning lows following Treasury Secretary Bessent comments in his House testimony that it...
A.M. Update
S&P futures are down 0.8% this morning. The narrative behind this morning’s decline is largely lack of progress on the...
Daily Wrap – Short Term & Long Term Outlooks
The S&P finally did it, a -0.63% loss broke the 9 consecutive day win streak. And it did it at...
Afternoon Update
3C charts have deteriorated a bit more this afternoon, which only increases my conviction that we are in a correction...
Market Update – Consolidation Process Has Begun. What Next?
12:12 PM ET The averages are consolidating at technical levels and at my original measured moves, like the S&P 5650...
A.M. Update
It looks like the S &P’s nine day, 10% rally is finally ready to correct/consolidate. S&P futures are down -0.75%...
Afternoon Update
I have been running through charts for hours trying to sort out both the near term outlook for the market...
Market Update -Still Solid, But Due Consolidation
12:29 PM ET Ever since last Monday’s leading positive 3C chart, the S&P has been up every single day. The...
A.M. Update – Payrolls Beat
S&P futures are up 1.25%, partially on trade optimism, sparked last night after China’s Commerce Ministry said that the “US...
Daily Wrap – A Key Pivot & A Surprise Tonight
The market gapped higher at the open. The positive bias was driven by ongoing large-cap Tech momentum following a huge...
Afternoon Update
If I had to take a quick guess based on the charts I would think that Amazon does pretty well...
Constructive Consolidations
2:37 PM ET Price action has slowed down on the upside this afternoon, but don’t mistake that for weakness. All...
Ongoing Relief Rally
12:05 PM ET Quite a move this morning with strong 3C charts, but we are due a consolidation and probably...