Stocks Shrug; Why This “Tempest in a Teapot” Could Turn Ugly for Credit & Stocks
March kicked off on an eventful note. In truth, 2026 feels increasingly chaotic. I know that’s somewhat subjective. I’m aware...
IRGC Said To Close Strait of Hormuz
I can see the developments in price before I can find them in open source intelligence. Crude oil (+8.5% @...
Market Update
I’ve long held the view that most geopolitical flare-ups prove to be tempests in a teapot for markets in the...
A.M. Update
S&P futures are down -1.15% and Nasdaq-100 are down -1.5%. following this weekend’s developments. The conflict has now entered its...
Afternoon Update, Things About to Get Spicy: Software & Mega Caps
It’s easy to buy into fear when the market is dropping. The bigger the drop, the more believable the scary...
Mega Caps and Software Weak, But Credit Increasingly Alarming
I’ve viewed Software’s bounce as a dead cat (until proven otherwise). The group is under pressure again after a 3-day...
A.M. Update
Index futures are down between -0.8% and -1.5%. Nvidia is lower again. Most mega caps are lower. Many key software...
AI Winners Dumped, AI Losers Bid, Credit Warns & H&S Tops Signal Trouble Ahead
The market went “The other way” and sold the news. Nvidia blew away earnings, yet traded -5.45% lower. Software stocks...
Afternoon Update
I’ve been running through 3C charts for hours. The gist is little changed as it relates to the large-cap dominant,...
Semis Under Pressure Post-NVDA Earnings
Following Nvidia (NVDA -4.6%) earnings, Semis are under pressure (SOX -4.1%), pulling the top-weighted Technology sector (-2.15%) to the bottom...
Narrow Leadership Rally: Mega-Caps Backtest H&S Necklines as Rare ABI Signals Cluster
Technology leadership led to a solid session for the indices ahead key earnings after the bell, though the breadth of...
Afternoon Update
There’s been an odd reversal of 2026 rotational themes, led by Technology (just ahead of Nvidia earnings after the close)...
Counter Rotation / Credit Not Impressive/ New ABI Signal
The market got off to a solid start with strong Tech leadership ahead of Nvidia’s earnings after the close. Software...
A.M. Update
S&P futures are up +0.35%, cautiously risk-on after volatility amid AI anxiety, tariff/geopolitical gyrations, and broader uncertainties. We’ll be heading...
Technical Oversold Bounce: Software Rebounds, Anthropic Pitch Falls Flat, Big Picture Unchanged
Monday’s internals didn’t reach the 1-day oversold threshold, but the psychology of the market (manic, sell-first and ask questions later)...
Seems Like An Oversold Bounce and Not Much More
My gosh, these days are long, taking in numerous, wildly changing events and news, much of it in the AI...
A.M. Update
S&P futures are up +0.2% ahead of President Trump’s State of the Union tonight. Advanced Micro Devices trades sharply higher in...
AI Wrecking Ball + Tariff Turmoil: Broad Selling, Defensive Rotation, Nvidia on Deck
Uncertainty and selling was a broad-based theme coming into the new week (Tariffs, Geopolitics-both Iran and now Mexico and AI...
Afternoon Update
The AI anxiety is not over. IBM falls -13.25% as Anthropic’s AI automation of COBOL modernization threatens its legacy mainframe...
Uncertainty (Potential 1-Day Oversold Internals)
Uncertainty looks to be the word of the day; whether tariff uncertainty, software stocks breaking down from their bearish consolidation,...