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....
Daily Wrap – Economic Growth Concerns Are Reemerging
I have quite a lot for you tonight. The Summer Doldrums cracked today with the “A” team traders back at...
SOX Testing 200-Day
Here we are, right down to the wire. Since the last update the Philly Semiconductor Index (SOX -8%), which is...
Semis May Be Trying to Find Support Near SOX’s 200-Day SMA
2:55 p.m. ET There are some early signs of some “dip” buyers, if a 1-day -7.5% decline qualifies as a...
Tech Breaking SPX’s Range Support
2:15 p.m. ET SPX (10m) – Since capturing this chart, the SPX is already trading below $5450. Here’s the same...
Early Update -Tech and Semis Getting Hit
11:47 a.m. ET U.S. markets are following the lead of global markets from yesterday with a broad-based decline in early...
A.M. Update
There’s a negative bias in early action on the first trading day of the holiday-shortened week. S&P futures are down...
Stock Market Video Update – September Seasonality Is Likely To Heat Up This Week
The stock market has been in the midst of the summer doldrums. Things should pick up over the next week READ MORE
Stock Market Video Update
The video will be live at 7 a.m. ET. Happy Labor Day!...
Afternoon Update
When I wrote, “Very Slow Day” for the early update, understanding that after this morning’s economic data posted, many traders...
Very Slow Day
12:35 p.m. ET On the economic front, The overall theme of PCE was that it reinforces investors’ hopes of a...
A.M. Update
S&P futures are up +0.3% as part of the slow grind on the same trajectory as the overnight chart. The...
Daily Wrap – Another Chance For Small Caps?
Index futures, particularly Nasdaq-100, fell in the early overnight session with NDX futures down as much as -1.5% post-Nvidia earnings,...
Afternoon Update – Surprise, Surprise (sarc.)
If you’ve been paying attention to the market this week, the following will come as no surprise. SPX (5m)...
Everything UP, But Still No Sign of Leadership
12:58 p.m. ET As has been the case frequently recently, the morning trade is very dynamic and causes me to...
A.M. Update
S&P futures are up +0.3% and have been on the rebound most over the overnight session. Nvidia has lifted off...
Daily Wrap – Nvidia Reports, Finally
We know what’s been happening in the market this week with flip-flopping from day-to day in a sloppy lateral range...
Afternoon Update – Stick Save!
Look at that! SPX (1m) They’re not letting the SPX out of this slop until Nvidia. SPX (10m) – right...
More flip-Flopping, Back To Selling Tech
2:29 p.m. ET Today is more of the same – the flip-flopping is back (with a twist – a bit...
A.M. Update
S&P futures are flattish. The market is still treading water in front of NVIDIA’s (NVDA) earnings after today’s close and...