Daily Wrap -Too Cool to Be True?
After 4 days down, the market was due for a bounce, or what I suspect may turn into a bearish...
Afternoon Update
So far we have a normal bounce in the short-term downtrend that’s coming down from the top of the right...
3C Update
3:15 p.m. ET Wow. I’m really not impressed by 3C charts on today’s bounce at all. Let’s start with the...
Market Update – Some Curious Reactions, Or Lack Of…
There have been a lot of moving parts in morning trade and still developing in the early afternoon. They’re important...
A.M. Update
S&P futures are up 0.75% as CPI comes in cool. An impressive beat-and-raise earnings report from Micron (MU +15%) has the stock...
Daily Wrap – The Entire AI Complex Is Under Pressure
A few months ago AI hype was hotter than a South Florida BBQ in August. Every week we had some...
Crude
This trade idea has taken way longer than expected, but I’ve stuck with it and just added to it. From...
Afternoon Update – Rumors of War
The market hasn’t made much progress since the last update. The reason appears to be, Tucker Carlson said that a...
Intraday Update
2:59 p.m. ET There are several 3C signals, fairly sharp intraday, suggesting the day’s tech sell-off is losing momentum and...
AI and Tech At The Center Of Risk-Off Move
1:05 p.m. ET The Technology sector is in the doghouse again. As mentioned in the A.M. Update, news that private...
A.M. Update
S&P Futures are up 0.3%. It looks like we’re well into the start of our consolidation phase, with tech participation,...
Daily Wrap – On Track
The market finally got the delayed November Employment Situation report, which beat expectations on payroll gains. However, it came alongside...
Afternoon Update
We’re getting closer to the Nasdaq-100 consolidation (bearishly biased) expected to come next as per Monday’s Afternoon Update. Procyclical and...
Rotational Support From Cyclcials & Defensives Fades in Broad-Based Move
1:42 p.m. ET I’m not going to spend too much time on Payrolls as the data is incomplete, stale, and...
A.M. Update
S&P futures are down -0.2 percent. There are a lot of caveats in the Employment data, but here it is....
Daily Wrap – Pretty Well Formed H&S Tops
Index futures were up more than a half-percent in Monday’s pre-market session. Once again, Bitcoin led a decline into the...
Afternoon Update
The SPX and DJIA sit just below their flat lines ahead of the close, while the tech heavy NASDAQ and...
Tech Sector Continues To Present Downside Risks
1:35 p.m. ET Bitcoin’s relative performance continues to lead risk sentiment; dumping into the US cash open. (1m) Bitcoin...
A.M. Update
Stocks had an eventful week, with the FOMC’s decision to lower the federal funds rate by 25 basis points and...
Chart Update
3:24 p.m. ET Obviously there are tactical leading signals that I’d like to see provide stronger signals. Many of those...