Early Update – Seems Like Our tops May Be Forming
11:10 a.m. ET We’re seeing follow through selling in 2024’s market leadership. Not surprising given Friday’s tone and weak closes....
A.M. Update – Tech Selling Hangover
S&P futures are extending Friday’s Tech-led decline into the new week. This, coming ahead of tomorrow’s CPI print. There is...
Friendly Reminder
Please take a moment and check out this short video clip. If you have time this weekend, I’d love...
Afternoon Update – Tech Cracks
NASDAQ is the most important index right now, and it’s looking worse than the S&P. The Dow is in a...
Market Update – Tech Dumped
1:55 p.m. ET We’ve been watching the signs (and for signs) and NASDAQ-100’s inability to make a new high (above...
Early Update – Not Tech’s Day
11:45 a.m. ET More on Payrolls…. Of course January’s strong beat of Payroll’s was revised lower; from 353k jobs added...
A.M. Update
S&P futures are up +0.3% after the Payrolls report, of course, beat. Interestingly, while the Payrolls increased 275,000, the number...
Daily Wrap – A Special Message
First things first… Please take a moment and check out this short video clip. Feel free to send me...
Intraday Update – Mega-Caps Giving Out
3:16 p.m. ET Mega-caps have been running the show this afternoon. They’re leading the Equal Weight S&P by 60 basis...
Bitcoin Fighting Resistance Again
3:05 p.m. ET BTC/USD is up +2.45%. There was a push on some volume to break through yesterday’s resistance around...
Intraday Update
2:14 p.m. ET Briefly, Fed Chair Powell’s testimony before the Senate Banking Committee did not produce any surprise headlines. Powell...
Early Update – Signs of Price Turning Right
11:17 a.m. Et So far this morning the theme is, “Second verse, same as the first”. The averages are filling...
A.M. Update
S&P futures are up +0.45% this morning. Pre-open gains in mega cap stocks have boosted the broader market, along with...
Daily Wrap – Like an Oversold Bounce
Equities led by Semis, and Bitcoin bounced today. Although we didn’t have 1-day oversold internals yesterday, the bounce acted like...
Afternoon Update
Stocks have moved lower over the last 2 hours as those gaps above are still providing some resistance. Still, only...
Intraday Market pdate – Mind The Gap
1:46 p.m. ET Powell’s first day of testimony before Congress is over. Powell didn’t say anything new or surprising so...
Regional Banks / NYCB
12:05 p.m. ET Wall Street Journal just reported that NYCB has contacted investment firms on possible equity sale. NYCB is...
Early Update
11:14 a.m. ET Powell is testifying before Congress. I added the YouTube link in the last post. I’m listening carefully....
Powell Testimony Link
Powell is just starting his testimony. Here’s the YouTube link....
A.M. Update
S&P futures are up +0.6%. Stocks are trying to bounce back after yesterday’s tech-led retreat before Powell begins the first...