Daily Wrap – Goldman Might As Well Have Said, “Sell”
Index futures were flat this morning after Asia was closed for trading with the Lunar New Year this week, and...
Afternoon Update
If you saw the last post, it almost seems as if Goldman Sachs is top-ticking the mega-cap run of 2024,...
Intraday Update – Goldman Sours on Momentum Consensus Tech Trades
2:29 p.m. ET This afternoon the S&P tumbled from session highs to near session lows. The Tech-heavy NASDAQ-100 tumbled to...
Early Update – Small Caps Outperform Amid An Ongoing Short Squeeze
11:26 a.m. ET The major averages have improved since their flat open, but they’re not doing anything too out of...
A.M. Update – Flat Open
S&P futures are little changed (-0.05%). The market is lacking directional drivers this morning, but this week’s calendar features some...
Afternoon Update: Quick Look at 3C
3C cumulates a lot of price/volume data according to whether price closed up or down, and whether volume was up...
Market Update
3:10 p.m. ET Market breadth has improved since this morning as the FOMO instinct kicks in. There are now 8...
Early Udate – SPX >5,000, But Wow Is Participation Weak
11:05 a.m. ET Index futures gapped the market higher and the S&P above 5,000 (although it was less than a...
A.M. Update
S&P futures are up +0.25% right now, so the index should finally reach the 5,000 mark at the open. The...
Daily Wrap
It was a pretty darn dull day for most of the market. The S&P’s entire high to low intraday range...
Afternoon Update: Testing 1, 2, 3?
The S&P made another close call, within 32 cents of 5,000, or about 0.01%, but didn’t make it. SPX (1m)...
Intraday Update – Short Squeeze Accelerating
1:50 p.m. ET Well, it’s quite an anticlimactic rise into SPX 5,000. While yesterday the index came within 11 cents...
Early Update – Small Caps Outperform
11:17 a.m. ET As has been the case all earnings season, we’ve seen mixed responses since yesterday’s close. It’s important...
A.M. Update
S&P futures are own -0.1% as the Dollar (+0.35%) and Yields (2y +2bp and 10y +4bp) rise modestly. In enrings...
Daily Wrap – Market Breadth Is Concerning
While SPX $5,000 level would seem to be the primary driving catalyst of near term trade, one of the more...
Afternoon Update
The S&P has been sitting 3 to 5 points or 0.1% or less, from 5,000 since 10:30 a.m. ET and...
Intraday Update – A Look at the Market Near SPX 5,000
2:11 p.m. ET The S&P has come within 5 points of 5,000, which was only 0.85% higher from Friday’s close....
Early Update
11:57 a.m. ET SP-500 +0.75%, Dow +0.45% (Transports +0.8%), NASDAQ-100 +1.05%, Small Caps -0.4%. The S&P is only 12 points...
A.M. Update
S&P futures are up +0.35%. Treasury yields are slightly higher in front of today’s $42 billion 10-yr note auction. The...
Daily Wrap
Tonight’s post may be a little shorter than usual… I can hear your relief 🙂 I feel like I picked...