Daily Wrap – 17 Years to the Day
Today’s session started on an upbeat note, supported by mega caps and semis in the early-going and leading the S&P...
Afternoon Update: What Started as a Decent Bounce, Is Now Essentially Flat
Mega Caps and Semis were leading the charge in pre-market (both underperformed yesterday), and helped out in early trade in...
Early Gains Fade
12:49 p.m. ET Stronger than expected Retail Sales didn’t change the market pricing in the highest probability of a 50...
A.M. Update
S&P futures are up +0.4% with mega caps and semis pitching in this morning rather than being a drag, and traders...
Daily Wrap – Moving Into The End Game?
Today was a light day on the economic front with just soft survey data from the U.S. We’re now into...
Afternoon Update
Nothing surprising since the last update. The major averages are moving sideways on the day into the close. The S&P...
Intraday Update
2:57 p.m. ET It looks like a little weaker close may be on tap for the SPX and NDX as...
Early Update – Nasdaq-100 Lags
12:35 p.m. ET Economic growth concerns are lingering after some more weak economic data out of China to start the...
A.M. Update
S&P futures are down -0.1% ahead of he first Fed rate cut since March 2020 this Wednesday. The fed funds...
Daily Wrap
Today was a decent day on the surface, but looking below the surface, some things are popping up in mega-caps...
Afternoon Update – Nasdaq & SPX Test
As I mentioned this morning, the Nasdaq-100 was finding technical resistance at its 50-day, but there was a level of...
TLT Update and Long Position
Several people in the Technical Take Discord room have been eying TLT for a while. I’ve suggested patience and let...
Early Update – NDX @ Technical Resistance; Gold Makes New Record High
12:13 p.m. ET Conviction today is waning from yesterday as the Nasdaq-100 hits technical resistance at its 50-day SMA and...
A.M. Update – ECB Cuts Rates
S&P futures are up +0.1%. The European Central Bank cut rates by 25 basis points to 3.50% as was widely...
Daily Wrap – Nvidia Saves the Day
It wasn’t a boring day. I try to be a straight-shooter when it comes to the market. I’ve seen so...
Afternoon Update
The Tech sector is pretty much single-handedly carrying the market this afternoon. With that understanding the NDX looks like a...
Decent Bounce So Far Led By the Technology Sector – Strange Day.
2:54 .m. ET The averages got off to a very ugly start with selling that didn’t seem to have a...
Weak Start @ The Cash Open – Bear Flags Break
11:26 a.m. ET It’s a very ugly start for stocks. SPX (5m) breaking the bear flag and heading to test...
A.M. Update
Index futures have had a bumpy ride overnight, but not so much due to the presidential debate, but BOJ commentary...
Daily Wrap – Defensive Tone
Today was pretty much as expected this morning in the A.M. Update “It looks like a much slower start today...