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...
Trump’s TACO Thursday Stick Save
As has been the case for months, the session is very fluid and geopolitical developments are laying a key role...
A.M. Update
S&P futures are up +0.5%. Tech and semiconductor stocks are moving higher in the premarket. Oracle (ORCL -9.4%) is sharply lower...
The Worm is Turning
The major averages finished lower today, with another abrupt early reversal in technology stocks. Rising oil prices and renewed geopolitical concerns...
Afternoon Update -Tone
I ran through a bunch of charts just to get a quick check on market tone. The recent theme is...
Failed Intraday Start and Tech Reversal Drag the Averages Lower as Middle East Peace Prospects Fade
The stock market already started off on a lower note with most averages opening lower. Tech tried to bounce and...
A.M. Update
The market is poised for broadly lower opening levels this morning as higher oil prices and renewed geopolitical concerns weigh...
From Collision Course to Crack: Tech’s Intensifying Price Volatility
Monday’s price action, market internals, and volume strongly suggested that the rebound off Friday’s selloff was the start of a...
Afternoon Update
It has been quite a day. The U.S. cash session has been extremely volatile. The Nasdaq-100 opened strongly, gaining +1.3%...
Very Volatile Start With Tech Leading Lower
The stock market opened to broad gains with at least 9 of 11 sectors higher, with Semi’s displaying follow-through leadership....
Market Update: Bear Flag Consolidation Takes Shape as Tech Rebounds Modestly Amid Geopolitical Whiplash
Following Friday’s sharp tech selloff, triggered by stronger-than-expected payrolls that sent yields spiking higher, traders bought the dip in semiconductors...
Afernoon Update
8 of 11 sectors are down. Technology (+2.1%) is best, led by Semis (SOX +5.5%). Internals are mixed with Decliners...
Falling Two Methods Into CPI?
Over the weekend Israel bombed Beirut, which led to Iran launching missiles into Israel, and Israel launching attacks into Iran,...