Market Update
1:30 p.m. ET PCE came in as expected. The PCE Price Index was up 0.3% month-over-month, as expected, and the...
A.M. Update
S&P futures are unchanged. Yields are a touch higher, no more than one basis point. Bitcoin is down -1.65%. The...
Daily Wrap – Another Flat Day; As Expected
Most of the major averages spent the session in a tight range near their unchanged mark, drifting sideways as expected...
Afternoon Update
I posted this chart (S&P futures vs. 10-yr Treasury futures) last night. I hoped it made sense. From the strategic...
Market Update – Muted Action; Killing Time
1:21 p.m. ET The day is mixed with a neutral feel thus far, but one that keeps the averages in...
A.M. Update
S&P futures are up 0.1%. NASDAQ 100 futures are unchanged and Russell 2000 futures are down 0.35%. The dollar-yen has...
Daily Wrap
The combination of a lower Dollar and lower yields provided a supportive backdrop for stocks. Carry trade concerns took a...
Starting To See VVIX Relative Strength
SPX (1m inverted) and VVIX There’s one more Volatility ETF with 3C turning positive on the short-term tactical timeframes,...
Market Update – Rotation To Cyclicals, Flat Range & Looking For Actionable Tactical Signals
1:50 p.m. ET We have more of the day-to-day rotation where one group is the worst performing one day and...
A.M. Update
S&P futures are up +0.2%. The Dollar-Yen is still lower at $155.45. The Nasdaq Composite entered positive territory for the...
Daily Wrap – Important: CARRY TRADE NOW IN THE MIX
Most of the averages closed with modest gains. Tech and mega-caps provided leadership, though action was choppy in session and...
Bitcoin Leading Risk-On, Yen Tempering Risk-On
Bitcoin supports risk sentiment, while the Japanese Yen tempers it. In the meantime, yesterday’s afternoon rotation– selling cyclicals and accumulating...
A.M. Update
S&P futures are up 0.3% as Bitcoin bounces (+1.5%), giving the index futures a flat trajectory since last Wednesday’s close....
Daily Wrap
I was looking forward to this week as traders come back to their desks after a holiday-shortened week of light...
Afternoon Update
The major averages are set to move back toward session lows with a bearish consolidation this afternoon. SPX (1m) The...
Market Update – Right Shoulder Formation As Expected
1:12 p.m. ET Traders have returned to their desks as month-end flows fade. December kicks off in risk-off mode, with...
A.M. Update
December is starting on a sour note. Stocks are under pressure this morning wit S&P futures down -0.65% as Bitcoin...
Afternoon Update
A couple more potentially interesting developments are taking shape. I don’t want to make too much of it on a...
Market Update – Mega Caps Losing momentum; Precious Metals Breaking Out
11:45 a.m. ET Averages The averages have the same consentient gains as seen Wednesday, presumably as the market goes on...
A.M. Update
Good Morning. CME Globex Futures & Options Markets just reopened at 8:30 a.m. ET after being offline since last night...