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...
Afternoon Update
NVIDIA (NVDA +1.4%) and Meta Platforms (META +0.1%) had been trading down when the S&P 500 and Nasdaq were at...
Slow Session Fleshes Out Consolidations – Value Stocks Weaker, Growth Fears Manifesting
1:08 p.m. ET Now that were past the initial, “Everything up, and everything up about the same” phase that immediately...
A.M. Update
S&P futures are up about a third of a percent, while Dow and Small Cap futures are up less than...
Daily Wrap – Consolidation Mode
As expected Friday, things calmed down for the market today and we’re in correction/consolidation mode. Last week ended up being...
Market Update – Oversold Bounce Dynamics and Consolidations in Tech
Today has a very typical 1-day oversold feel to it. The only average that had a somewhat defined bearish consolidation...
A.M. Update
S&P 500 futures are up 0.65% after last week’s rout. Price action in futures looks like a bear flag, but...
Afternoon Update
A few quick charts for you as it appears the right side of our toppy formations are filling out. The...
Consolidation
3:10 p.m. ET As I suspected, the market is going into consolidation around NDX’s mid-point of its measured move. This ...
Market Update – Consolidation Time
1:08 p.m. ET First, the market saw a little pump and dump at 11 a.m. ET. The pump was in...
Early Update – The Result of The Bare Minimum – Tech Getting Hit Hard
:08 a.m. ET 50-basis point rate hike odds have come down from 50 basis points at 57% after Payrolls to...
A.M. Update – Payrolls
August Non-Farm Payrolls came in 142k Jobs added (consensus 165K and prior 114k). The Unemployment Rate came in at 4.2%...
Daily Wrap Pre-Payrolls
After Tuesday’s decline in stocks, today was another calm, consolidative-like day. Yesterday’s emerging consolidations, which took better form this morning,...
Afternoon Update
Well, if I had to guess what the market is thinking ahead of Payrolls, I’d say that it’s not all...
Market Update – A Lot of Economic Data, But Little Effect On the Economic Outlook
1:02 p.m. ET The market has been dynamic this morning with mega caps and semis initially supporting the market, and...
A.M. Update
S&P futures are down -0.15% and Nasdaq down -0.4%. The employment related data this morning is conflicting. ADP doesn’t look...
Daily Wrap – Parked At Technical Support
I have so more good data for you tonight, including CTA short-term (and SPX medium term) sell trigger levels. Today...
Afternoon Update
Running through 3C charts I didn’t see anything too unexpected. Yesterday I mentioned that it looked like technical buyers showed...
Market Update – Consolidating As Expected At Technical Levels
2:24 p.m. ET I apologize for missing the early posts. Investor’s growth fears aren’t being helped much with today’s data....