Daily Wrap
While there were fundamental (earnings) and technical developments today, nothing mattered more than dovish Fed commentary that bolstered expectations for...
Daily Wrap
The last 4 days have been quite an adventure. Last Friday the market put in impressive performance (except for volume)....
Early Update- Small Caps and Industrials Weak
S&P and Dow (-0.1%) are testing yesterday’s afternoon low. NASDAQ +0.15%. Small Caps (-0.5%) show relative weakness, testing down to READ MORE
Daily Wrap
While much more interesting and volatile than yesterday’s price action, on the whole today’s price moves in the averages were...
Daily Wrap
Earning’s season officially kicked off today with Citigroup (C -0.1%) reporting better-than-expected results, but the response was underwhelming as some...
Weekend Video Update
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Daily Wrap
The S&P 500 and Dow Jones Industrial Average closed at record highs on Thursday. The NASDAQ closed lower and small...
Daily Wrap
This morning Fed chair Powell’s prepared remarks were released at 8:45 a.m. The market’s response before the open was immediate...
Daily Wrap
The market has spent the start of the week idling on very low volume, with very low conviction trade. The...
Daily Wrap
Considering the news since Friday, the S&P’s half percent decline today wasn’t all that bad. There were no signs of...
Weekend Video
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Volatility Selling Delivers Record High Before July Fourth
Yesterday (Tuesday) there was an unusual level of volatility selling from the cash open. Here are some excerpts from Tuesday’s READ MORE
Daily Wrap
Global markets were mixed today, most near unchanged. Index futures before the cash open were similar. As early as the...
Volatility Being Crushed in Support of the Market
This isn’t just relative weakness in volatility, this is purposeful outright selling of volatility meant to support the market averages. READ MORE
Daily Wrap
The major averages opened sharply higher this morning after a positive outcome at the G-20, but they gave back a...
A.M. Update – “additional stimulus will be required”
The overnight session carried on yesterday’s very flat price action until the European open. Just a day ahead of the...