Afternoon Update
Here are a few excerpts from last Friday’s Afternoon Update (after a horrendous week): “I still think we get some...
Intraday Update – Cruise Control
1:42 p.m. ET For most of this week, and yesterday, I set-up my view of the highest probability outcome for...
Early Update – SPX and NDX Inverse H&S Bases Breakout
11:23 p.m. ET Microsoft and Alphabet are fueling this morning’s rebound action and are fueling some positive buzz about “AI”. ...
A.M. Update PCE Hotter Than Expected, But Cooler Than GDP Data
S&P futures are up +0.7% following earnings based gains in Alphabet (GOOG) and Microsoft (MSFT). Headline and core PCE Deflator...
Daily Wrap – The Higher Low Is In. Things Are Getting VERY Interesting
The major indices closed with declines, but staged a big recovery off their lows for the session after the S&P...
Afternoon Update
The S&P is taking on the shape of a small inverse Head and Shoulders base with this morning giving us...
NEM (Newmont Corp) Follow Up – Nice Breakout
2:08 p.m. ET I featured NEM yesterday after it came up in The Technical Take Discord room. Newmont was READ MORE
NEM (Newmont Corp) Follow Up – Nice Breakout
2:08 p.m. ET I featured NEM yesterday after it came up in The Technical Take Discord room. Newmont was...
Early Update – SPX $5,000
12:01 p.m. ET The GDP report an absolute mess. We’ll have to see what the more accurate release of core-PCE...
A.M. Update
S&P futures are down -1.25%. Q1 GDP unexpectedly collapsed to just 1.6%, down more than 50% from the Q4 print...
Daily Wrap – Does META Give Us The Higher Low?
Despite positive responses to earnings from influential names like Tesla (TSLA), Visa (V), and Texas Instruments (TXN), that fueled initial...
Afternoon Update – Consolidations in the Averages
3:31 p.m. ET Overbought conditions like yesterday’s 1-day overbought internals signal will usually correct through price (pull back) or time...
Early Update – There’s A Lot To Be Aware Of This Morning
11:39 a.m. ET It looks like yesterday’s 1-day overbought internals were right on with what’s happening this morning. Outside of...
A.M. Update
S&P futures are up less than a tenth of a percent and NASDAQ-100 futures are up +0.5%, but well off...
Daily Wrap – Here’s What To Watch For Next (And some new indicators)
Today saw follow-through buying of a broad-based nature. Some decent earnings results out of the Industrial sector and the Consumer...
Intraday Update
3:24 p.m. ET The market looks pretty good today with advancers better than 6-to-1 margin at the NYSE and a...
Early Update – Oversold Bounce Follow Through
11:56 a.m. ET Sellers have backed away and CTa’s appear to be finished deleveraging instigated by their short-term price level...
A.M. Update
S&P futures are up +0.35%. A continued downturn in oil prices (-1 @ $81.03) has helped improve sentiment a bit,...
Daily Wrap – Oversold Rebound Tone
Today was a pretty easy day for the market to rally in that there was no escalation of geopolitical events...
Afternoon Update
The averages had a decent bounce today with broad participation typical of an oversold bonce, but all of the averages...