Afternoon Update
Mega caps are struggling today, with relative weakness driven largely by Nvidia and Tesla. Nvidia shows a small intraday bear...
ABI Signals Intensifying; Metals Posting Key Reversal Days
Losses across mega-cap tech names pressure the major averages, amid a more defensive tone as Window Dressing influence subsides near...
A.M. Update
S&P futures are down -0.4% with Nasdaq-100 futures down -0.7% to kick-off another holiday abbreviated week as the market will...
Holiday Trading in Low Liquidity – Proceed with Skepticism, Though Some Key Trends Are Emerging
Today’s trade is that of another sleepy holiday-week session with notable, though typical, thin year-end liquidity. The thin liquidity exacerbates...
A.M. Update
Equity futures point to a flattish opening in thin trade as the market returns from yesterday’s Christmas holiday. Metals, however, ...
Subtle Whispers from Volatility and ABI: Quiet Clues of a Bearish Shift Beneath the Calm
Today’s abbreviated session was a snoozer. The averages finished modestly higher, between +0.2% and +0.6% as volatility (VIX -3.7%) was...
Market Update – A Few Quiet, Interesting Developments
12:03 p.m. ET Trade is subdued. No surprises there. There are a few subtle developments taking shape or continuing that...
A.M. Update – Quiet Morning
Equity futures point to a flat opening this morning, which is unsurprising given the market will close early at 1:00...
Daily Wrap – Window Dressing
The market was a little over the place early on, then the slow low volatility grind higher. Index futures were...
Afternoon Update
Still not crazy about Small Caps’ intraday price action, Russell 2000 (15m) VVIX has decent relative strength as yesterday was...
Intraday Update
The session is similar to yesterday in that it has been fairly uneventful. Metals are soaring again, too. Platinum futures...
Market Update – ABI Under 14
12:14 p.m. ET There’s quite a bit of economic data today, but the first estimate of Q3 GDP is the...
A.M. Update
S&P futures are down -0.2%, while Russell 200 futures are down the most, by -0.55% after a deluge of data...
Daily Wrap – Metals Soar
Seasonal holiday volume has kicked in with today coming in roughly ~25% below the 20-day average volume. Low liquidity tends...
Afternoon Update
3:49 p.m. ET It has been a dull-ish cash session, beyond the change in character from mega-cap leadership pre-market, to...
The Rotation to Cyclicals
12:48 p.m. ET Toward the end of last week I expected a rotation to procyclical sectors/value/Small Caps. Pre-market mega cap...
A.M. Update
The major averages finished mixed last week due to strong showings from tech names on Thursday and Friday. An uptick...
Afternoon Update
I’m going to keep this short for once. It’s been pretty dull since the last update – typical of option...
On Track
1:15 p.m. ET The top-weighted Tech sector leads gains for a second day (consistent with yesterday’s 3C) after a brutal...
A.M. Update
S&P futures are +0.1% on this record setting quad-witching options expiration. The major averages hold week-to-date losses of 0.8% to...