Afternoon Update
It’s amazing to me how quickly this market reaches deep oversold levels. We saw it happen in a single...
Gold Update
2:53 p.m. ET I’ve been bullish gold since gold’s price was less than half of today’s price. I was bullish...
Quick Intraday Update
2:34 p.m. ET I’m putting together some charts for gold, but noticed this and wanted to quickly call it out...
Market Update
12:48 p.m. ET The new week is starting off with positive risk sentiment around de-escalation of tariff threats, resulting in...
A.M. Update
S&P futures are up +0.45%. Trade negotiations with China continue to unfold ahead of the November 10 trade truce expiration. Bloomberg reports...
Quick Afternoon Update
This update is not going to be very exciting. Yesterday’s 1-day oversold internals are one thing and may be having...
VERY Dull Options Expiration Session – Precious Metals Come Down
1:47 p.m. ET Today has been like watching paint dry. Today’s October options expiration is large, roughly 2x the average...
A.M. Update
S&P futures are down 0.15% a fairly wild overnight ride. In a week when fears about escalating trade tensions between...
Daily Wrap – A Credit Event?
The market went from Monday’s broad-based relief rally, to Tuesday’s overly optimistic short-squeeze in consumer cyclicals, to Wednesday’s more defensive...
Quick Afternoon Update
It looks like we’ll have strong 1-day oversold internals. I need to confirm the price/volume relationship after the close. Normally,...
Market Update
President Trump said his call with Putin went well. The market still bleeds. Remember that ABI and positive volatility correlation...
Intraday Update – That Escalated Quickly
1:02 p.m. ET Market tone has eroded throughout the session. The retreat coincides with a Truth Social post from President Trump, which...
A.M. Update
S&P futures are up 0.4%. Taiwan Semiconductor Manufacturing’s (TSM) reported strong bookings in its Q3 earnings report, offering an encouraging read-through for...
Daily Wrap – Falling Three Methods?
Hi. The market is getting interesting so I thought I’d send you tonight’s Subscriber post. Enjoy. I hope there’s something READ MORE
Daily Wrap – Falling Three Methods?
I’m not even touching the cornucopia of China/U.S. trade tussle headlines today—or the Fed speakers, for that matter. Sure, they...
Adding Some More Long Volatility
3:33 p.m. ET It’s been pretty quiet since the last update. Maybe that changes before the close, but as of...
Intraday Update
1:57 p.m. ET I’m not sure what is driving the recent intraday bearish tone. Perhaps the market, which rallied on...
Falling Three Methods After All?
12:18 p.m. ET Early tone is something of a flip-flop of yesterday’s, or at least more balanced between Growth (+0.6%)...
A.M. Update
S&P futures are up +0.7% due a combination of softening trade rhetoric, dovish Powell comments, and solid earnings from BofA...
Daily Wrap – Rotation To Value
Yesterday I wrote that I thought a Falling Three Methods candlestick pattern was the highest probability, but added, “Of course...