Semis Carry the Market Into Mega Cap Earnings
I was looking more closely at a few charts this afternoon and I thought I’d share them. What I think...
3C Update
After Semis recovered opening losses for the Nasdaq, the major averages have traded in a relatively stable, flat range with...
A.M. Update
S&P futures are down -0.35% and Nasdaq-100 futures -0.9%. Semiconductor stocks move lower in the premarket after driving yesterday’s gains....
Semis Lead Bounce to Overcomes Headwinds, But Topping Patterns & ABI Warnings Remain
One thing I like about Bitcoin is its occasional strong leading intermarket signal for Tech. Monday got off to a...
Afternoon Update
As mentioned earlier, (QQQ 1M) this kind of weak confirmation is often seen on a gap up as futures/overnight...
Market Update – Semis Lead, Despite higher Oil, Yields and Dollar
Semis lead with bitcoin’s positive risk sentiment signal. Semis did get some positive news overnight. The market is holding up...
A.M. Update
S&P futures are up +0.4% and tech-heavy Nasdaq-100 futures +1.4% after a strong Asian session for Tech in the overnight....
Oversold Tech Internals Signal Meets Rising Rates, Oil Pressure & Mag 7 Earnings Week
Friday ended with 1-day oversold internals, with the bulk of the oversold dynamic squarely centered on tech, and more specifically,...
3C Update
I’ll post the charts below, but not surprisingly, given we’re early in a short-term oversold condition (mainly in tech), 3C...
Market Update
The June Leading Economic Index decreased -0.2% month-over-month (consensus 0.1%), from a prior increase of 0.1%. Averages Story of...
A.M. Update
S&P futures are up +0.4% and Nasdaq-100 +0.85%. Price has a little bit of a bearish consolidative look after last...
Afternoon Update
Quick Update I see some 3C negative divergences. Most are in the tech/hyperscaler areas, but rather than the specific stocks,...
Market Update: When It Rains, It Pours: Chinese Kimi K3 Questions AI Scaling Narrative as Middle East Fires Up Oil
Today is one of those, “When it rains, it pours” days. There are two major drivers in a fast-paced market....
A.M. Update
S&P futures are down -0.9% and Nasdaq-100 down -1.85%. It seems DeepSeek 2.0 is here. A surprise breakthrough from Chinese...
From AI Darlings to Red-Headed Stepchildren: The Great Semiconductor Reversal
Wednesday’s two afternoon posts turned out to be quite insightful and timely. They are also a great real time lesson...
Afternoon Update
We’re headed for some ugly closes, and just after we caught smart money pillaging dumb money yesterday afternoon (unloading their...
Market Update
I ended one of my two “distribution scheme” posts yesterday with, “These are pros distributing , cleverly leading retail by the nose,...
A.M. Update
S&P futures are down -0.35%, led lower by Nasdaq-100 futures, down -1% after the KOPSI closed -6.35% following an 11%...
Classic Rotation & Distribution: SOX Completes Right Shoulder as Mega-Caps Catch Up
WHAT A DAY! Classic rotation and distribution played out clearly in Wednesday’s thin summer liquidity. Semis led pre-market gains in Tech...
Invisible Hand Follow-Up: Distribution in Action: Why Someone Was So Eager to Push Prices Higher This Afternoon
And now we see exactly why someone was so eager to push prices higher this afternoon.(Go ahead and guess who...