A.M. Update
S&P futures continue to be up less than 1/10 of a percent. The September FOMC meeting kicks off this morning...
Daily Wrap – Wild July 2024 Deja Vu
The market was led my strength in mega cap names, in particular Alphabet (GOOG +4.3%) joined the $3 trillion market...
Afternoon Update – ABI 12.24
The S&P 500 (+0.35%) and Nasdaq-100 (+0.7%) look to capture record closing highs to go along with their fresh all-time...
Market Update – Mega Caps Run the Show; ABI Lower
The mega caps are firmly in the driver’s seat. Other sectors have drifted in and out of the green trying...
ABI < 14 Again
11:24 a.m. ET We’ll see where it closes, but the ABI looks set for another signal, and even lower. The...
A.M. Update
S&P futures are up +0.3, gaining some ground after Elon Musk bought a billion dollars worth of Tesla shares. The...
Historical Overview of the ABI and Examples – MUST READ
I’ve written dozens upon dozens of posts on the ABI over the years. The only problem is that the website...
ABI Close < 14 (13.82)
There it is… 13.82 I’ve mentioned in the past that FAST drops in the ABI don’t necessarily equate to a...
Afternoon Update
I’m going to get this Friday afternoon update out a little earlier than I’d normally like due to the ABI,...
Intraday Update
There’s a little pick-up in selling pressure on 3C… SPY (1m) QQQ (1m) This is intraday and seperate from the...
Today’s Trade Shows That My Suspicions Yesterday, Have Some Validity. ABI @ 13
1:40 p.m. ET My early take on this today’s actions mirrors Thursday’s Daily Wrap Summary, and questioning whether Thursday’s advance...
A.M. Update
S&P futures are flat, Dow futures are down -0.2% and Russell 2000 futures are down -0.35%. Macro catalysts this morning...
Daily Wrap – Jump In Jobless Claims Locks In Certainty For The 2025 Rate Path; With Caveats
Neither the CPI nor Initial Jobless Claims delivered encouraging figures, yet the market prioritized the Employment aspect of the Fed’s...
Afternoon Update
Today has definitely had a more pro-cyclical feel as 2025 rate cut expectations are pretty much set (for now) at...
Stocks Rally –Despite Hotter CPI –With Weaker Employment
That backdrop has been particularly supportive of smaller-cap stocks, with the Russell 2000, Dow Transports, and S&P MidCap 400 outperforming....
Daily Wrap – Disinflation and the Curious Case of Oracle’s Guidance
The stock market’s early strength was fueled by Oracle’s (ORCL +35.95%) massive RPO update and upside guidance (despite an earnings miss),...
Afternoon Update – ABI 14.48
The ABI is at 14.48. The S&P and Nasdaq are back below last Friday’s Payroll highs or local resistance… (5m)...
Market Update – ABI in the 14’s
1:16 p.m. ET I’ve been watching index futures this morning, a bit surprised at Nasdaq-100 futures stall out, but then...
ABI Head’s Up
While I’m going through my morning rounds in the market, I wanted to get this out there just so you...
A.M. Update
S&P futures are up 0.5%, initially gaining some momentum after Oracle’s (ORCL +32%) missed on earnings, but guided cloud infrastructure...