Afternoon Update – Strange Nonchalant Feel
The major averages are just drifting in muted trade nearing the close, which will be the final trading day of...
MOO/VEGI Update
MOO (Daily) Price action looks good with a bull flag. There’s not a definitive breakout, but 3C looks solid, too....
Hormuz Headline Bails Out Stocks; Though I Think It’s A Misread (intentional or otherwise)
*Apologies for the late post, but there was a lot I had to look into, amid a very fluid shift...
A.M. Update
S&P futures are down -1.5% and WTI Crude oil is up +12.4% to $112.50. The President’s address failed to calm...
Freestyle Update
I said I wasn’t going to post a Daily Wrap so I could focus on the President’s address and watch...
Afternoon Update
Today has been one of the craziest days in a long time, between parsing contradictory statements, leaks of President Trump’s...
Change In Character – Possible ABI Signal
The last update (the hit on an Amazon data center in Bahrain) coincided with a change in character in the...
Intraday Update -Amazon Cloud Infra. Attacked in Bahrain
I saw the averages, led by Tech and Consumer Discretionary coming down off the highs of the day in a...
The Fog of War: Ceasefire Optimism Holds, Despite Contradictions
Iran has again rejected Trump’s narrative, after he hours ago claimed that “Iran’s New Regime President” has just “asked the United...
A.M. Update
S&P futures are up 0.4%, off session highs, as gains were seemingly on the hope President Trump will announce the...
Consolidation Underway? Crude’s Hold Above $100 Undermines the Jawboning Rally
Hopefully you caught Monday’s Measured Moves post. I laid out a lot of expectations from here such as consolidations leading...
Afternoon Update – Starting MOO (Long)
The wire ping that sent stocks soaring and oil falling was only a snippet of a larger conversation between the...
Market Update – Potential Start of Consolidation
While I’ve been putting together this post, headlines have moved prices. I’ll update price percent changes, but will leave charts...
Measured Moves
Statements from the Trump administration aimed at influencing market sentiment appeared to show reduced impact last week. The pattern has...
Afternoon Update
Mega Caps are lower, but not the leading the downside as we’ve seen recently. They may be ready to enter...
Market Update: Mega Caps Act Better, Semis Worse; Inflation Fears Turn Toward Recession Fears
President Trump’s commentary on “great progress” in negotiations with Iran gave the market some optimism before the open, though the...
A.M. Update
S&P futures are up +0.85% to start this holiday shortened week. Bloomberg reported yesterday that President Trump said Iran “gave”...
Afternoon Update
Not much has changed. I thought we might get some short covering that lifts the averages off session lows. I...
Intraday Update
Just checking in and letting you know, yes, underlying trade (3C) is as ugly a price action suggests. Volatility is...
Market Update – Crude Up, Mega Caps & software Down, BTC In Dangerous Area
The war in Iran remains devoid of a clear de escalation path, and crude oil is currently up +4.35% at...