Daily Wrap – Happy Thanksgiving
The stock market saw another broad-based rally, but a much more uneventful session a day before the Thanksgiving holiday. Averages...
Market Update
The market is posting another strong, broad-based rally today — exactly the kind of impressive price action you’d expect on...
A.M. Update
S&P futures are little changed from last night up 0.3%. Economic data this morning is mostly better than expected, but...
Daily Wrap
The market posted a broader-based advance today, even as Nvidia and AMD weighed on Semis and the Tech sector. Investors...
Afternoon Update
Signals are a mixed bag. Credit is supportive of more upside as credit has gotten a major boost from...
Market Update -Rotation to Defensive, Value, High Beta and Weakness In Chipmakers
1:31 p.m. ET Tech names gave back the bulk of yesterday’s gains in early trade, with considerable weakness among chipmakers...
S&P 500 futures are down just shy of 1/10 of a percent while NASDAQ futures are down 0.25%. Nvidia shares...
Daily Wrap – Big Shift In December Rate Cut Probabilities
I’ve had SPX $6550 flagged for 5 or 6 weeks as key level of interest and support zone. The 100-day...
Afternoon Update
Judging by Credit, volatility, and a few other assets and signals, I suspect the S&P at least tests the last...
Intraday Update – Interesting Parallels
2:29 p.m. ET Bitcoin (+1.85%) isn’t leading tech higher, but acting better than earlier. Nasdaq-100 (5m) & Bitcoin futures. There...
Mega Caps Bounce
12:21 p.m. ET Taking the market’s temperature this first day of a holiday shortened week, the hypothesis of a bounce...
S&P futures are up +0.55% after Friday’s session saw the major averages close with solid gains, though they still finished...
Afternoon Update
The short-term price trend, although significantly relieved today, is still down. SPX (15m) – Although at a key area. NDX...
Fed Vice Chair Williams Lifeline
1:13 p.m. ET This morning’s trade has been like a tentative ceasefire between two warring fashions, with a few skirmishes...
A.M. Update
S&P futures are up 0.55% and price action looks cleaner this morning, less bearish than overnight. The fed’s vice chair,...
Daily Wrap – Big Reversal Day
Well, that was fun. I’m reminded of my question in Wednesday’s Daily Wrap: It makes you wonder why SoftBank and...
Afternoon Update
I suspect there’s more than one thing happening today, a cascade of sorts that seems to start with Bitcoin selling...
Strange, Strange Day
2:18 p.m. ET Super weird day and fast moving for forgive any typos. Nvidia went from up up almost +5%...
Bitcoin Leading Indicator?
11:11 a.m. ET I thought it was interesting that Bitcoin (-1.9%) was lower this morning, and we have seen Bitcoin...
A.M. Update
S&P futures are +1.6% higher, led by Nasdaq-100 futures +2% higher following Nvidia’s besting earnings expectations and issuing strong guidance,...