A.M. Update
Index futures are little changed on either side of flat. There’s been a notable shift lower in yields that have...
Afternoon Update
Higher and higher yields are keeping some pressure on multiple asset classes, from stocks, to Cypto, to gold. The 2...
Addendum
2.07 p.m. ET I meant to add these few charts with regard to rates. After dropping to 4.23% this morning,...
Market Update: Consolidation.
1:48 p.m. ET I think I’ve seen enough today to call price action what it is… the consolidation phase (bearishly...
A.M. Update -Very Weak Jobs Report
Index futures are up between +0.4 and +0.5% with Russell 2000 +0.75%. Nonfarm payrolls missed big with only 12,000 jobs added...
Daily Wrap- Tcch Wreck
Mega Caps and chipmakers had an outsized impact today following Meta Platforms and Microsoft earnings. Sharply rising market rates this...
Afternoon Update
OK. So Maybe the Israel/Iran tit-for-tat isn’t over. Apparently Iran is preparing for a “major” retaliatory strike against Israel, based...
Intraday Update
12:58 p.m. ET As yields meet some resistance (higher yields have been part of the pressure on stocks this morning),...
Early Update – Mostly What We’ve Been Looking For on an Ugly Start
11:18 p.m. ET A lot of the market price patterns/signals are being played out this morning. SP-500 -1.6%, Dow -1%...
S&P and Nasdaq-100 futures are down -0.65% and 0.75%, and that’s off the worst level of the norming. As we...
Daily Wrap – Semis Spoil Alphabet’s Party
After Alphabet’s (GOOG +2.9%) earnings after the bell yesterday, you might have expected a strong day in the Nasdaq-100. It didn’t...
Afternoon Update
3.52 p.m. ET VIX (+3.9%) is displaying relative strength after a somewhat volatile start that included relative weakness in the...
3C and More
2:28 p.m. ET OK, back online with 3C charts… You already now 3C’s non-confirmation for SPY since yesterday on short...
Early Update – Volatile Start Across Nearly All Asset Classes
12:03 p.m. ET The market was off to an even uglier start in the tech space than premarket, but we’re...
A.M. Update
S&P futures are down -0.1% despite Alphabet’s earnings. Other Index futures are down -0.2% (including Nasdaq-100) to -0.4%. The weekly...
Daily Wrap – Mega Caps and Semis Run the Show, and Little Else. Gold Sets a New Record High.
This heatmap of the S&P mostly encapsulates the day… There’s a lot of green, but that’s all the heavily weighted...
Afternoon Update
The NDX (+1.15%) is currently trading +0.15% above the local resistance highlighted in the last post as yields continue to...
Intraday Update – Yields Coming Down
230 p.m. ET U.S. Treasuries have risen off their lows (higher yields intraday), thanks to the afternoon $44 bln 7-yr...
China Considering More Stimulus – Gold New Record High
12:34 p.m. ET Yesterday I wrote that compared to stocks, I thought commodities and precious metals looked a lot more...
A.M. Update
S&P 500 futures are down -0.2% Higher Yields this morning are putting more downside pressure on stocks, and the wait...