Afternoon Update
I’m not sure who/what was behind that unnatural VIX selling, but it didn’t last too long before the averages hit...
Intraday Update – VIX Hit Hard
2:10 p.m. ET Here’s what’s happening with VIX… (2m) that sharp decline to the right is unnatural looking. VIX futures...
A New and Important Narrative is Being Formed
1:42 p.m. ET We know the “AI” narrative and how powerful it has been the past several months, but it...
Early Update – Ugly Start, But Mega-Caps Are Providing A Measure Of Support
10:59 a.m. ET After PPI came in hotter than expected and Retail Sales not only missed, but January’s atrocious miss...
Yields Higher on More BOJ Chatter
9:32 a.m. ET Yields are up another +2 bp since the A.M. Update on more news that the Bank of...
A.M. Update – PPI and Retail Sales Miss
S&P futures are up +0.15%. S&P futures were up +0.3% at 8 a.m. Pre-open gains in most mega cap names...
Daily Wrap – Flip…Flop
The stock market had a mixed showing . Today was a complete flip-flop of yesterday’s dynamics when just about everything,...
Afternoon Update
Since the last update, conditions are getting a bit tougher for the leadership stocks. The Dollar (-0.15%) has retraced much...
Intraday Update – Copper Soaring (Inflationary)
1:34 p.m. ET Well the U.S. Dollar dived (-0.25%), but like last week, has nothing to do with the U.S....
Semis Break Bear Flag
12:27 p.m. ET In last night’s post (summary section) I “advised”, ” I’d try to stay as calm and patient...
Early Update – Most Everything is the Opposite of Yesterday
11:06 a.m. ET This morning’s early theme is that of a reversal of yesterday’s 1-day Tech led rally; one which...
A.M. Update
S&P futures are flattish (-0.05%). The market is lacking direction this morning after yesterday’s mega cap-led rally on the heels...
Daily Wrap – Hot Or Not?
This morning’s CPI report was front and center. February CPI was up 3.2% from a year earlier, and core prices...
Afternoon Update
With 8 of 11 sectors higher, the 2024 leaders that were sold into last Friday, and were in “Wait and...
Intraday Update – Higher Yields & Mega-Cap Momentum
1:48 p.m. ET I expected this morning’s bounce in mega-caps, Tech, semis would ultimately see selling into price strength as...
Early Update – Mega Cap Relief Rally, While Treasuries Have a Different Take
11:21 a.m. ET The averages gave up post-CPI gains after the cash open, but have since bounced off the morning...
A.M. Update
S&P futures are up +0.35%, adding a little to overnight gains on the CPI report. Since January’s hotter inflation, CPI...
Daily Wrap – Consolidation Day With A Bearish Bias
Today’s trade is pretty simple to sum up… Consolidative-like activity with a bearish bias, following through on Friday’s selling of...
Afternoon Update
This is a pretty simple one. There’s no oversold conditions. It looks lie we’re going to end the day with...
Intraday Update: NASDAQ-100 Not Looking Great
2:26 p.m. ET The stock market entered the new week on a soft note, following through from declines on Friday....