A. M. Update
S&P futures are up +0.15%, helped by a 3% pre-market gain in NVDA. Treasury yields are flat in front of...
Daily Wrap
This is the final trading week of the month, the quarter and H1 (the first half of the year). I’ve...
Afternoon Update
The S&P remains in something like a consolidation. The intraday price chart seems bullishly biased still, but the daily chart’s...
Market Update
1:47 p.m. ET SP-500 -0.05%, Dow +0.6% (Transports +1.2%), NASDAQ-100 -0.75%, Small Caps +0.5% Early market momentum is fading a...
Early Update – Semis Weigh On Technology; Positive Market Breadth As Value Stocks Are Bid
11:28 a.m. ET The averages got off to a muted start, but tone has improved this morning since the open....
A.M. Update
S&P futures are flat, NASDAQ-100 futures are down -0.25% with Nvidia down a third day (-2.4%) in pre-market. The U.S....
Afternoon Update
Today’s quad-witching (once a quarter) was a record setting options expiration, the largest in history; and just as suspected yesterday:...
Market Update – Op-Ex Price Pin
12:34 p.m. ET Today’s price action seems exactly as expected, a max-pain price pin that keeps price action on the...
A.M. Update
There’s a negative bias in early trading on this record quarterly options expiration day. S&P futures are down -0.1%. Treasury...
Daily Wrap – Bad Data, Bad For Big Tech
This morning’s pre-market economic data was bad, from Housing data, to Initial Jobless Claims and the Philly Fed. The Bloomberg...
Afternoon Update
Nvidia, the Tech sector, the Semiconductor index and NASDAQ-100 all look like they’ll close with bearish engulfing candles on heavier...
Market Update – Tech and Semis Relatively Weak
1:11 p.m. ET Returning from the holiday, this morning’s has been a bit on the slow side, but it appears things...
A.M. Update
S&P 500 futures are up +0.2%. There’s a positive bias is early trading driven by pre-open gains in many mega...
Afternoon Update – Reflating?
Today was a bit dull, presumably due to tomorrow’s holiday, but the major averages all managed small gains. Dow Transports...
Long Energy Worth a Look
2:51 p.m. ET WTI Crude is up +1.2%, but it’s not the price gain, it’s the price action. WTI (15m)...
Market Update – DULL Ahead of Holiday
1:11 p.m. ET Stocks opened mixed and remain that way. There is not a lot of conviction, presumably with markets closed...
A.M. Update
S&P futures are flattish (-0.05%). Retail Sales disappointed, rising 0.1% in May (consensus 0.3%) and this following a revised -0.2%...
Daily Wrap
Today’s trade in stocks was somewhat mixed despite a solid showing at the index-level. Gold pulled back fairly sharply and...
Afternoon Update
Growth and Momentum stocks have powered today’s advance, coming off a mixed, little changed start. Curiously, both groups (that have...
Market Update
1:20 p.m. ET The averages got off to a slow, mixed start as yields are 6 bp higher across the...