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...
Afternoon Update
Factor rotations today is the mirror image of Monday,and insanely strong, out of growth and into value. As a result...
Intraday Update
12:51 p.m. ET Trade tensions flared up with China responding in kind to U.S. port fees on Chinese vessels in...
A.M. Update
S&P futures are down 1% after China vowed to “fight to the end” in its trade war with the U.S....
Daily Wrap – Big Update Including Some Macro Signals
Friday’s widespread sell-off—sparked by President Trump’s threat of 100% tariffs on Chinese imports in retaliation for Beijing’s stricter rare earth...
Afternoon Update
There’s very little difference since the last update, Nasdaq-100 is 0.15% higher than the prior update leaving the same candlestick...
Market Update
1:45 p.m. ET Averages As seen in recent days the Tech-heavy Nasdaq-100 and the very different domestically focussed and value-leaning...