Intraday Update
3:06 p.m. ET The day’s tone is little changed and relatively quiet at the index level, beyond health care driven...
Rotation to Value As The AI Narrative Get Some Bad News
1:12 p.m. ET Market action today is something of a flip-flop, but also in-line with yesterday’s moderate 1-day overbought internals....
A.M. Update
S&P futures are down 0.25% and NASDAQ futures are down 0.5%. The Senate passed its funding bill, and the House...
Daily Wrap
Last week was the market’s worst week since April, but ended the week by running right into multiple Technical Support...
Afternoon Update
The three mega cap heavy sectors continue to provide the lionshare of leadership, but participation has improved since the open...
Market Update – It’s Going To Be a Dynamic Week
1:18 p.m. ET The averages hit a bunch of technical levels on Friday, but what a difference a weekend makes....
A.M. Update
After one of the worst weeks since April and tagging technical support levels across the market Friday, S&P futures are...
Afternoon Update – Technical Support
This week has led to quite a reversal in mega cap and large cap tech stocks. SPX/MAGS normalized on the...
Selling, but Contained to Tech/Mega Caps
1:40 p.m. ET Friday is seeing continued weakness in mega cap and growth stocks. Both the S&P and Nasdaq-100 are...
A.M. Update
S&P futures are down 0.35%, NASDAQ futures down 0.5% and Russell 2000 futures down 0.7% with most of the Mag...
Daily Warp – AI A Zero Sum Game That the U.S. Loses?
First things first. Two the two main themes covered in Wednesday’s Daily Wrap Summary section were the state of the...
Afternoon Update
As OpenAI is perceived as seeking government guarantees, Altman is furiously backpedaling today. The post is so long I’ll quote...
Market Update
1:58 p.m. ET Yesterday’s internals were 1-day overbought, still I was looking for another day of two of consolidation...
Wednesday’s Daily Wrap: Dual Themes & A Stark Divide
Two central themes emerged from Wednesday’s Daily Wrap Summary analysis: AI and the detiorating state of the consumer, both of...
A.M. Update
Index futures are flat to -0.15%. Challenger, Gray & Christmas reported 153,000 layoffs for October, a 175% increase from a...
Daily Wrap – Oversold Bounce-Type Activity
Today had all the hallmarks of 1-day oversold internals–which we came close to Tuesday, but not technically there– coinciding with...
Afternoon Update
Thus far today’s market dynamics are identical to 1-day oversold. I see no reason that it doesn’t lead to a...
Market Update
Yesterday’s internals were not officially 1-day oversold, but close in several aspects. Today’s rebound has thus far been typical of...
Market Update- Oversold-Like Rebound After Yesterday’s Slide… Consolidation?
12:52 p.m. ET Today’s seeing a broad-based rebound. The Technology (+0.8%), Communications (+0.75%), and Consumer Discretionary (+1.1%) sectors are not...
A.M. Update
S&P futures are flat on the heels of yesterday’s slide that saw tech and mega-cap names pace losses for a...
