*Intraday Update*
2:44 p.m. ET I’ve been waiting and watching for a pivot low, and it looked like we might be getting...
Market Update – A little Less Orderly
12:59 p.m. ET I’m going to capture and post the many charts below as I go. If I try to...
Consolidation Time
That was the next leg down. We should see the averages start moving into another bearish consolidation. I’ll be right...
A.M. Update
S&P futures are down around -0.55%, led by Nasdaq-100 futures (-0.75%) and Russell 2000 futures (-1.1%). This is the next...
Daily Wrap – Inflation?
Tuesday ended with small bearish consolidations, that carried overnight in the futures market, and the first half of the day...
Afternoon Update
There’s not much new to add, the market is still consolidating with a bearish bias (small bear flags). From the...
Still Bearish Price Action
The averages are still consolidating with a bearish bias… SPX (2m) NDX (2m) – I’m not sure about the...
Intraday Update – Price Action
Price action is bearish, but orderly. The market is legging down in relatively small declines and consolidations. SPX (3m) -Recall...
Adding to Yesterday’s Leg Down.
I’m going to keep this update brief as we’re getting to what’s likely to be an important inflection point. The...
A.M. Update
The futures are up 0.15%, so far still holding the small bearishly biased consolidation trend from yesterday’s close. Headlines are...
Daily Wrap -Creaks and Cracks
I’ve always admitted that the “fundamentals” are not my wheelhouse. My lens for viewing the market is technical, although I...
Afternoon Update
OK, consolidation it is, kind of suspected that. NDX (2M) The question is whether the consolidation we’re seeing this afternoon...
Cracks and Creaks
I think we’re starting to hear some creaking and faint cracking sounds. Notice how quickly things went from super-bullish sentiment,...
VERY Dynamic Market – More Ominous Signals
Sorry this is later than normal, but there’s a lot of stuff happening today (Trump speaking at the U.N.; Fed...
A.M. Update
Index futures remain flat heading into the cash session. The market will hear from Fed Chair Jerome Powell (FOMC voting...
Daily Wrap – Another Day, Another Ominous Cloud Looms Over an Unwary Market
Beyond the first group of Fed speakers, today lacked notable tier-1 economic data and macro developments. Favorable corporate tech headlines...
Afternoon Update
The top-weighted Technology sector (+1.3%) drives today’s gains, with the thinly traded Utilities sector (+0.4%) the only other S&P 500...
Intraday Update – Tech Running the Show; Another Day of Signals on Track For the Close
2:29 p.m. ET Recently we’ve noticed two competing narratives, Small Caps being bought on the rate cuts narrative, but the...
Market Update – More Signals; Gold New high; In Mega Caps We Trust
11:45 a.m. ET I have a feeling the market is going to be in a holding pattern this week with...
A.M. Update
S&P-500 futures are down -0.3%. While most mega-cap names trade lower in the pre-market this morning, Apple (AAPL +0.9%) trades higher, with...