Constructive Consolidations
2:37 PM ET Price action has slowed down on the upside this afternoon, but don’t mistake that for weakness. All...
Ongoing Relief Rally
12:05 PM ET Quite a move this morning with strong 3C charts, but we are due a consolidation and probably...
A.M. Update
S&P futures are up +0.9% and NASDAQ 100 futures are up +1.5%. The positive bias follows better-than-expected results from Microsoft...
Daily Wrap – More To Go…
Let’s take a moment to consider that the S&P and Nasdaq-100 entered financial media-defined bear markets in April. In both...
Afternoon Update
The averages are off their lows. SPX (3m) I wouldn’t say they’ve traded out any kind of bullish consolidation today,...
Correction
12:27 PM ET Q1 GDP printed -0.3%, worse than the -0.2% expected and the first negative print since Q1 2022...
S&P futures are down 1.3% after week earnings from Super Micro coming ahead of influential names like Microsoft (MSFT) and...
Daily Wrap
The stock market exhibited choppy action in the early going, but finished on a high note, very similar to yesterday’s...
Afternoon Update
On the face of things today has been a little bit of a quiet consolidated day with a slight bullish...
Market Update – Slower Consolidation Day, But Still Solid
12:27 PM ET The market opened to mixed action. Most of the averages are fractionally higher while a few are...
A.M. Update
S&P futures are up -0.4% after trading up to what would be the SPX $5550 area overnight. The week’s earning...
Daily Wrap – Good Start To the Week
There wasn’t much in the way of news/economic data catalysts in today’s trade. The market put in huge gains last...
Afternoon Update
The major equity indices continue to move off session lows reached around mid-day. There was no specific catalyst to...
Consolidation Looks On Track – SOX Update/Example
2:23 PM ET After a huge move higher last week, I expected we’d see some consolidation soon. Markets don’t move...
Market Update – Consolidation and Minor Rotation
11:17 AM ET After last week’s massive rally… SPX (weekly) bullish engulfing candle It’s reasonable to expect price to consolidate...
A.M. Update
S&P futures are little changed at +0.1% , but slid as much as -0.5% overnight after the Wall Street Journal...
Stock Market Forecast – Following Smart Money’s Footsteps
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Weekly Brief
Not that it matters a whole lot, but a South Korean newspaper of record captured images of a Chinese trade...
Intraday Update
3:02 PM ET The S&P and NDX were heading toward a clean breakout above the clear resistance zone and pulled...