Early Update – VERY UGLY Across the Board
11:05 a.m. ET Index futures overnight trade had a shaky tone about them, especially those that should have looked the...
A.M. Update
S&P futures are up +0.5% and look somewhat shaky from overnight trade. NASDAQ futures are up +0.4% and have lost their...
Daily Wrap – FOMC
Microsoft (MSFT -1.1%) was lower after reporting earnings, but index futures jumped overnight following results from Advance Micro Devices (AMD +4.35%) and...
Afternoon Update
As is always the case, Powell’s press conference was much more dovish than the FOMC policy statement. Over the next...
Watching Powell Dove Things Up
2:56 p.m. ET As I just posted in the Technical Take’s Discord Room… And that alone, has pushed Small Caps...
FOMC Policy Statement: Less Dovish Than Hoped
2:23 p.m. Et While the Fed wasn’t likely to surprise with a rate cut, being the market has a 100%...
Semis Lead An Oversold-Type Bounce
12:43 p.m. ET Today is one of those absolute, turn the market on its head, flip flops. The S&P and...
A.M. Update
S&P futures have rebounded in spectacular fashion ahead of the Fed, up +1.25%. The positive bias in early trading is...
Daily Wrap
The stock market was mixed today, although it had a downbeat feel owning to outsized losses in Technology and the...
Afternoon Update – Microsoft on Deck
The SPX’s, and more so the NASDAQ’s, price action doesn’t look good. Another sharp drop in the Dollar-Yen carry trade...
Tech Wreck – Carry Trade Chaos
1:57 p.m. ET There’s so much happening today ahead of MSFT earnings after the bell, it’s difficult to keep up....
A.M. Update
S&P 500 (+0.2%) and NASDAQ 100 (+0.3%) futures are higher, supported by gains in mega cap names. There’s still an...
Daily Wrap
Three major indices settled little changed from prior closing levels, continuing in the the latter part of last week’s consolidation...
Market Update
2:58 p.m. ET The S&P 500 (+0.1%), NASDAQ-100 (+0.15%), and Dow Jones Industrial Average (-0.1%) are off their best levels...
A Close Look At the Major Averages
12:00 p.m. ET Of course we don’t know what this busy week of earnings and data is going to bring,...
A.M. Update
S&P 500 futures are up +0.4% in early trading in front of a busy week. Earnings reporting picks up steam...
Afternoon Update
Next week is arguably the busiest week of the summer with 40% of S&P market cap reporting earnings and 4...
Another Test?
We have all 11 S&P sectors in the green and advancers a good 4-to-1 over decliners, but there’s a decent...
Early Update – May Be Getting The Structre
10:58 a.m. ET Earlier this week I talked about the market putting in some price structure that successfully tests lows...
A.M. Update Fed’s Favored Inflation Gauge A Little Hot
S&P futures are up +0.75% and NASDAQ +1% supported by pre-open gains in mega cap and semiconductor shares. US JUNE...