A.M. Update
S&P futures are up 0.2% as the market eagerly anticipates Fed Chair Powell’s Jackson Hole speech at 10:00 ET. The...
Daily Wrap – Waiting
I was a it on the quiet side today amid a noticeably low volume session. I had a long night...
Afternoon Update
I’ve been quiet today because there’s not much I can add to what I laid out last night. The day...
Consolidating Into Powell
11:54 a.m. ET So far price action looks pretty much like the example trend line I drew in yesterday, Tech...
A.M. Update
S&P futures are down 0.4% as the Fed’s Jackson Hole symposium kicks off today. Fed Governor Lisa Cook responded to...
Hammer Time – Setting Up For An October Surprise?
First, I have to say that when you get a clean bear flag like the SOX index down to $5600,...
Market Update
3:24 p.m. ET The earlier dip buyers got cautions ahead of the FOMC Minutes. SPY (1m) It does look like...
Hawkish Minutes
2:23 p.m. ET Summarizing the FOMC Minutes, at least the important parts, several participants said that the current Fed funds...
Incoming Dip Buyers
12:23 p.m. ET Measured moves like SOX’s often are surpassed as emotion overwhelms, like this morning’s fear – a powerful...
Quick Update
11:21 a.m. ET This morning is largely a carbon copy of yesterday, dumping growth, momentum, Technology, megacaps, semis on one...
A.M. Update
Index futures are on track for a slightly lower open. There are no consequential economic data releases today, but the...
Daily Wrap – Selling Tech and Playing Defense
Index futures didn’t look great last night, but after yesterday’s cationic day, this morning’s sell-off was an abrupt turn. The...
Afternoon Update
OK, the market is sitting just off session lows. Semis’s relative weakness signal wasn’t huge, but it was there with...
There It Is Again – Momentum Pairs Trade Viscously Unwound, Mega Caps Feeling It
This market is getting crazier and crazier. The underlying cross-currents are absolutely insane. Value (+0.2%) is outperforming Growth (-1.4%) by...
A.M. Update
Equity futures are mixed this morning following a muted session yesterday. S&P futures are down just shy of 0.1%. NASDAQ...
Daily Wrap
Today felt like one of the quietest days of the year for the market. The averages drifted sideways in a...
Afternoon Update
President Trump and Ukrainian President Volodymyr Zelenskyy are currently meeting with a coalition of European leaders at the White House...
Market Update – Treading Water
1:11 p.m. ET The market’s in a holding pattern, presumably awaiting results of the Oval office meeting between Zelensky, Von...
A.M. Update
S&P futures are modestly lower at 0.1% with small caps outperforming. Ukraine’s Zelenskiy and his European allies arrive at the...
Afternoon Update
As options expiration comes to an end, a there is a lot of news coverage surrounding the summit between President...