Daily Wrap – Economic Data Adds Slowing Growth to Rising Inflation
Today’s downside bias in the stock market was driven by a jump in market rates, initially sparked by this morning’s...
Afternoon Update
Today’s economic data, even the historically little noticed tier 2 data such as we saw in pre-market, painted a clear...
Early Update – Stagflation Data
1 p.m. Since the open we’ve received more worrisome data pointing to heightened prospects for stagflation (stagnating/falling economic growth, coupled...
A.M. Update
S&P futures are down -0.4% after the Q1 Employment Cost Index (ECI) – a data point that typically doesn’t garner...
Daily Wrap
The stock market traded modestly higher through most of the session today, following through on the averages’ best week since...
Afternoon Update
Most of the major averages have been consolidating last week’s gains since Friday afternoon… SPX (2m) However, the SPX/NDX are...
Intraday Update – Small Caps Outperform As The S&P Challenges Its 50-Day From Below
1:46 p.m. ET SP-500 +0.4%, Dow +0.35% (Transports +0.35%), NASDAQ-100 +0.45%, Small Caps +0.95% S&P-500 (daily) and 50-day There’s another...
Early Update – Consolidations Continue
11:45 a.m. ET Thursday afternoon and Friday, the averages started displaying consolidative activity of the week’s gains. This morning is...
A.M. Update
S&P futures are up +0.25% following last week’s higher finish. Tesla (TSLA) is up more than +12 in front of...
Afternoon Update
Here are a few excerpts from last Friday’s Afternoon Update (after a horrendous week): “I still think we get some...
Intraday Update – Cruise Control
1:42 p.m. ET For most of this week, and yesterday, I set-up my view of the highest probability outcome for...
Early Update – SPX and NDX Inverse H&S Bases Breakout
11:23 p.m. ET Microsoft and Alphabet are fueling this morning’s rebound action and are fueling some positive buzz about “AI”. ...
A.M. Update PCE Hotter Than Expected, But Cooler Than GDP Data
S&P futures are up +0.7% following earnings based gains in Alphabet (GOOG) and Microsoft (MSFT). Headline and core PCE Deflator...
Daily Wrap – The Higher Low Is In. Things Are Getting VERY Interesting
The major indices closed with declines, but staged a big recovery off their lows for the session after the S&P...
Afternoon Update
The S&P is taking on the shape of a small inverse Head and Shoulders base with this morning giving us...
NEM (Newmont Corp) Follow Up – Nice Breakout
2:08 p.m. ET I featured NEM yesterday after it came up in The Technical Take Discord room. Newmont was READ MORE
NEM (Newmont Corp) Follow Up – Nice Breakout
2:08 p.m. ET I featured NEM yesterday after it came up in The Technical Take Discord room. Newmont was...
Early Update – SPX $5,000
12:01 p.m. ET The GDP report an absolute mess. We’ll have to see what the more accurate release of core-PCE...
A.M. Update
S&P futures are down -1.25%. Q1 GDP unexpectedly collapsed to just 1.6%, down more than 50% from the Q4 print...
Daily Wrap – Does META Give Us The Higher Low?
Despite positive responses to earnings from influential names like Tesla (TSLA), Visa (V), and Texas Instruments (TXN), that fueled initial...