A.M. Update
S&P futures are up about a third of a percent, while Dow and Small Cap futures are up less than...
Daily Wrap – Consolidation Mode
As expected Friday, things calmed down for the market today and we’re in correction/consolidation mode. Last week ended up being...
Market Update – Oversold Bounce Dynamics and Consolidations in Tech
Today has a very typical 1-day oversold feel to it. The only average that had a somewhat defined bearish consolidation...
A.M. Update
S&P 500 futures are up 0.65% after last week’s rout. Price action in futures looks like a bear flag, but...
Afternoon Update
A few quick charts for you as it appears the right side of our toppy formations are filling out. The...
Consolidation
3:10 p.m. ET As I suspected, the market is going into consolidation around NDX’s mid-point of its measured move. This ...
Market Update – Consolidation Time
1:08 p.m. ET First, the market saw a little pump and dump at 11 a.m. ET. The pump was in...
Early Update – The Result of The Bare Minimum – Tech Getting Hit Hard
:08 a.m. ET 50-basis point rate hike odds have come down from 50 basis points at 57% after Payrolls to...
A.M. Update – Payrolls
August Non-Farm Payrolls came in 142k Jobs added (consensus 165K and prior 114k). The Unemployment Rate came in at 4.2%...
Daily Wrap Pre-Payrolls
After Tuesday’s decline in stocks, today was another calm, consolidative-like day. Yesterday’s emerging consolidations, which took better form this morning,...
Afternoon Update
Well, if I had to guess what the market is thinking ahead of Payrolls, I’d say that it’s not all...
Market Update – A Lot of Economic Data, But Little Effect On the Economic Outlook
1:02 p.m. ET The market has been dynamic this morning with mega caps and semis initially supporting the market, and...
A.M. Update
S&P futures are down -0.15% and Nasdaq down -0.4%. The employment related data this morning is conflicting. ADP doesn’t look...
Daily Wrap – Parked At Technical Support
I have so more good data for you tonight, including CTA short-term (and SPX medium term) sell trigger levels. Today...
Afternoon Update
Running through 3C charts I didn’t see anything too unexpected. Yesterday I mentioned that it looked like technical buyers showed...
Market Update – Consolidating As Expected At Technical Levels
2:24 p.m. ET I apologize for missing the early posts. Investor’s growth fears aren’t being helped much with today’s data....
Daily Wrap – Economic Growth Concerns Are Reemerging
I have quite a lot for you tonight. The Summer Doldrums cracked today with the “A” team traders back at...
SOX Testing 200-Day
Here we are, right down to the wire. Since the last update the Philly Semiconductor Index (SOX -8%), which is...
Semis May Be Trying to Find Support Near SOX’s 200-Day SMA
2:55 p.m. ET There are some early signs of some “dip” buyers, if a 1-day -7.5% decline qualifies as a...
Tech Breaking SPX’s Range Support
2:15 p.m. ET SPX (10m) – Since capturing this chart, the SPX is already trading below $5450. Here’s the same...