Afternoon Update – Rotation: Mega-Caps and Semis Out, Small Caps and Value In
The stock market is in rally-mode following a cooler-than-expected Consumer Price Index for June. Advancers have an 11-to-2 lead over...
Early Update – Mega-Caps Crushed, Value Stocks and Small Caps Soar
12:06 p.m. ET The market is moving fast so I tried to put up the most recent charts, but some...
A.M. Update
S&P futures were up on this morning’s gains on a positive knee-jerk reaction to CPI and Initial Claims data, but...
Daily Wrap – Yet Another ABI Signal As S&P and NASDAQ Make New Record Highs
The stock market put in an impressive performance today. The market’s tone this week of low conviction ahead of tomorrow...
Afternoon Update
Price action and 3C confirmation have been pretty solid today, so either market participants suddenly aren’t tentative in front of...
ABI Below 9
1:15 p.m. ET We saw quite a few ABI signals in 2021, and Q1 of 2022 (which was heading into...
Early Update -ABI Below 10
11:41 a.m. ET Since the market has been very fluid intraday all this week, I’m going to write this post...
A.M. Update
S&P 500 futures are up +0.25%. Pre-market gains in mega cap stocks (where else?) are supporting the broader market so...
Daily Wrap – Another ABI Signal
It was another lackluster day in the stock market, evidenced by lower than normal volume. The morning started out with...
Afternoon Update
It looks like most of the averages are going to close with another small bodied Star candle on their daily...
Market Update – Fluid Markets
2:39 p.m. ET Like yesterday, the market is fluid today, moving from favoring Mega-Caps and Semis this morning, to favoring...
Early Update – Market Not Too Pleased with Powell’s Lack of Rate Cut Timing Clarity
11:42 a.m. ET Powell is still testifying before the Senate. Rates have moved higher since he began and we’ve seen...
Link to Chair Powell’s Senate Testimony
Powell testifies before the Senate Banking Committee at 10 a.m ET. Here’s the link, or you can watch it below....
A.M. Update
S&P futures are up +0.18% this morning. Pre-open gains in some mega cap names have contributed to the upside bias....
Daily Wrap – Another ABI Close Below 14
The post-July 4th weekend session was fluid with changes in sector and style factor preferences throughout the session and some...
Afternoon Update
All of the majors are headed into the close pretty much flat on the day. Semis, that have seen some...
Early Update – Early Short Covering Fades, Fluid, But Not Volatile Action
12:41 a.m. ET This morning has been fluid, although not a very volatile morning. Cyclicals, Value and Small Caps started...
A.M. Update
S&P futures are up +0.1%. NASDAQ-100 is flattish, while Russell 2000 is up +0.7%. European stocks rose and the euro...
Afternoon Update
It’s a mixed day, the S&P up about a half percent, NASDAQ-100 up +1%, but the DJIA just +0.2%,...
Market Update – Volatility Acting Up Again
2:41 p.m. ET The S&P and NASDAQ-100 are being propelled further into record territory by the mega-caps, while the DJIA...