A.M. Update
S&P futures ae up +0.25%. I have to say I’m surprised that price has barely budged from pre-Payrolls levels this...
Daily Wrap – Geopolitical Events and Crude Oil Gains Spark Intraday Sell-Off
After Tuesday’s gap down open I outlined 2 probabilities and two expectations that are a big part of listening to...
Afternoon Update
What a wild ride the say has been. At first it seemed the bear flags were ruined by this morning’s...
Market Update
3:14 p.m. ET Oil prices are rising this afternoon in response to news that the UAE has announced it is...
Early Update – Most Gaps Filled
11:45 a.m. ET S&P futures were up +0.3% at 8 a.m. and jumped to +0.65% shortly after a miss in...
A.M. Update
S&P futures are up +0.6%. Treasury yields and the dollar are lower, contributing to the positive bias. The People’s Bank...
Daily Wrap
Broadly speaking, today’s trade featured mostly positive price action after a soft start to the day. Buying activity picked up...
Afternoon Update
My highest probability scenario yesterday afternoon was for the averages to consolidate in bearish flags, and to fill yesterday’s gap...
Intraday Update – Gold New Record High After Powell
2:13 p.m. ET There hasn’t been a lot of up or down movement at the index over the last half...
Early Update – Consolidation / Gap Fill Underway
11:33 a.m. ET First, economic data since the open: The ISM Non-Manufacturing PMI decreased to 51.4% in March (consensus 52.6%)...
A.M. Update
S&P futures are down -0.2% in what has been an overnight consolidation of yesterday’s broad losses. WTI Crude Oil (+0.95%...
Daily Wrap – Failed Breakouts
There were no changes in rate cut expectations following this morning’s data, which suggests, as posted in the A.M. Update,...
Intraday Update – Price Consolidation/Gap Fill ?
3:17 p.m. ET It “seems” like we’re increasingly likely to see the averages consolidate today’s losses in bearish consolidation patterns,...
FOMC Retrace
1:27 p.m. ET Before the FOMC or major Fed events, I’ve always warned to beware of the knee-jerk reaction in...
Early Update – Failed Breakouts?
11:14 a.m. ET There’s a lot going on this morning as rates and oil jumped to new highs for the...
A.M. Update
S&P futures are down -0.65% as Crude oil prices (WTI+1.5%) and bond yields have rising throughout the night after yesterday’s...
Daily Wrap
We’re 1-day into Q2 and inflation was the dominant theme today. The February Personal Spending and Income report, released Friday...
Afternoon Update
Last week I wrote numerous times that we’re at a very interesting and informative area, with a number of bullish...
URA (Uranium) Follow Up – Adding To Gains
2:49 p.m. ET I wasn’t sure we’d get here due to weak volume on the last advance, but URA (+3.5%)...
Gold’s New High Facing Headwinds From Higher Yields
2:27 p.m. ET It’s not just mega-caps, semis and NASDAQ-100 that are trying to make moves today and are being...