A.M. Update – Nvidia Earnings Spotlight
S&P futures are trading down -0.35% to start the holiday shortened week, despite lower yields. Losses in some mega cap...
Afternoon Update
I don’t have much time so this will be a quick one. I think there’s very clear op-ex influences in...
Market Update – Changes in Character
3:15 p.m. ET It has mostly been a slow-going day; probably op-ex related, but we’re also seeing some of the...
Early Update – Op-Ex Influences
11:18 a.m. ET Since the open, University of Michigan Consumer Sentiment Index for February came in at 79.6 , under...
A.M. Update – PPI Hotter Than Expected
S&P futures are down -0.1% this morning. Like CPI on Tuesday, instead of slowing as expected, PPI re-accelerated with headline...
Daily Wrap – Rotation To Small Caps?
Tonight’s post is going to be a hybrid of the day and some of the big picture elements that are...
Afternoon Update
It looks like Tuesday’s gaps are mostly all either filled or will be filled with maybe an exception here or...
Early Update – The Goldman Trade
12:10 p.m. ET Mega-caps are out of favor today, but many other stocks are trading higher with Small Caps continuing...
A.M. Update
S&P futures are nearly unchanged, coming down after the shockingly bad Retail Sales report. Retail sales fell 0.8% in January...
Daily Wrap
The deepest short-term oversold conditions in 3.5 months, the VIX futures contract rolling and with it a lot of dealer...
Afternoon Update
***This post was supposed to go out at 3:41 p.m. ET. I just saw that it did not publish. ...
Early Update
11:57 a.m. ET So far everything looks pretty much as I’d expect for the extent of yesterday’s short-term oversold dynamics....
A.M. Update
S&P futures are up +0.4% this morning. The UK’s CPI came in cooler than expected, helping index futures overnight sentiment....
Daily Wrap – More Cracks
The CPI repot ended up being influential (coming in hotter than expected), influential enough to send the Dollar and 10-yr...
Supplemental
After running through the charts near the close, I stand by most of what’s in the last post, except I...
Afternoon Update – Quick Take
I’m going to give you some quick-takes of how I think things are likely to play out. Of course we’ll...
Quick Update – Session Lows
2:21 p.m. ET The U.S. Dollar Index, which has been consolidating in a very clearly bullish pattern in the cash...
Watching Intraday Price Action – Potential Bear Flags Intraday
1:01 p.m. ET All 11 S&P sectors are lower from -0.3% to -2.3%. The worst performing sectors are Rate sensitive...
Early Update – The Crack in the Dam
11:09 a.m. ET Several charts have been quietly coming together that suggested the highly concentrated market positioning in rate sensitive...
A.M. Update
S&P futures are down -1.35% on a hotter than expected CPI print. NASDAQ-100 futures are down -1.8%, but Russell 2000...