Afternoon Update
It looks like the 1-day overbought internals signal from yesterday worked again. I really do favor a true test of...
$5150 Test Coming Up?
2:42 p.m. ET It sure looks like it. SPX (5m)...
Early Update – Strong Start, But Fading
11:53 a.m. ET Quite frankly, given how influential the carry trade unwind has been, I’m a little surprised this morning...
A.M. Update – Carry Trade Re-wind
S&P futures are up +1.1%. The reason? In the Summary section of Monday’s Daily Wrap I wrote, “In my opinion...
Daily Wrap
Yesterday’s internals were textbook 1-day oversold, and in a big way. Furthermore, breadth oscillators have only been as oversold as...
Averages Coming Off The Highs. Can You Guess Why?
As we head in to the close, the averages are coming off the highs… SPX (2m) NDX (2m) In the...
Important Market Update
1:34 p.m. ET I’ve been catching up with flow reports this morning and discovered that yesterday, hedge funds bought the...
A.M. Update
S&P 500 futures are up +0.4%, having given up some of overnight gains. Overseas, Japan’s Nikkei surged +10.2% following its...
Daily Wrap
It’s not often you see the S&P-500 drop -3% in a single day, but today’s story started overnight in Japan...
Afternoon Update – SPX $5255 CTA Trigger
My estimated measured move for the SPX was $5150, which was hit this morning. We have a deeply oversold market...
Early Update – Measured Moves Hit, Extreme Oversold
11:41 a.m. ET All of the downside measured moves/target levels posted Friday morning, like SPX $5150, have either been met,...
A.M. Update
The global sell off that began late last week on fears about US economic growth has continued. S&P futures are...
Stock Market Video Update – Carry Trade Crash Down Leads to a Sea of Red
Index futures are a Sea of Red tonight and the culprit? The collapse of the Dollar Yen (-2.35%) as the READ MORE
Stock Market Video Update – Carry Trade Crash Down Leads to a Sea of Red
Index futures are a Sea of Red tonight and the culprit? The collapse of the Dollar Yen (-2.35%) as the...
Afternoon Update – Weak Consolidations Starting To Form
Weakness in mega caps after earnings reports from Apple (AAPL) and Amazon.com (AMZN) Downside follow-through as the possibility of a...
Intraday Update – Technical Support
11:42 a.m. ET We may get one of those consolidations I mentioned sooner than later. The S&P-500 reached its 100-day...
Target Levels
11:08 a.m. ET Ugly day/week… SP-500 -2.65%, Dow -2.3% (Dow Transports -3.6%), NASDAQ-100 -3%, Small Caps -4.1% Earlier this week...
A.M. Update – Recession Fears Spike With Recession Signal
Isn’t it strange thing to see just how fast sentiment, even sentiment around something like a recession, can change. The...
Daily Wrap – Time To Pay Attention
The stock market settled near session lows, leaving the major indices with solid declines. There are a lot of reasons...
And It’s Gone – Yesterday’s Gains, Small Cap’s Rotation, The Dow’s Breakout – All of It!
2:50 p.m. ET There was a lot of bad economic data this morning (notice that bad news is no longer...