Afternoon Update
Treasury yields are down after a sharp rise over the last few sessions and just as they ran into a...
Market Update – Value Bounces
1:24 p.m. ET We didn’t quite get 1-day oversold internals yesterday, but darn close. All that was missing was the...
A.M. Update
S&P futures are up +0.15% as yields pullback modestly. Another slate of earnings news since yesterday’s close has received mixed...
Daily Wrap
The S&P 500 finished higher on Friday despite more stocks falling than rising. Despite the S&P 500 finishing more than...
Afternoon Update
Friday the S&P made a new record closing high with more stocks falling (276) than closing higher (223). One of...
Early Update – Ugly Trade Getting Uglier
11:52 a.m. ET Powell reiterated his view from last week’s post-FOMC decision press conference over the weekend on 60 Minutes, saying that...
A.M. Update
S&P futures ae down -0.3% as yields and the Dollar move higher. Fed Chair Jerome Powell reiterated his view from...
Daily Wrap – Bad Breadth & Volatility Signals
Here ae the weekly stats for the major averages on the week: S&P +1.38%, Dow +1.43% (Transports -0.65%), NASDAQ-100 +1.27%,...
Market Breadth Is Stunningly Negative
The S&P 500 (+1.3%) and NASDAQ (+1.9%) are trading sharply higher thanks to a surge in shares of Meta Platforms...
Early Update Mixed Market on Strong Earnings, but Inflationary Payrolls
12:13 p.m. ET This morning’s market has been mixed and quite fluid. The two driving primary forces are strong earnings...
A.M. Update
S&P futures gave up a +0.7%overnight Amazon/Meta earnings gain on this morning’s Payrolls report. Payrolls both beat, and saw wages...
Daily Wrap – Mind the Gap
Oversold internals never cease to amaze me, which is why I stay away from shorting extreme oversold markets, or buying...
Afternoon Update
The market has more or less returned the the intraday bear flag levels/gap of yesterday just ahead of the FOMC...
URA – This Is What A Breakout Should Look Like
URA is up +6.2%, but not all breakouts can be trusted. They should see heavy volume (buying) on the breakout…...
Early Update – S&P and NASDAQ Hope Mega Cap Earnings Save Them, Small Caps Feeling Pressure From Banks
11:55 a.m. ET I think you’ll find the charts below interesting, especially if the rates/equity correlation has flipped as we...
A.M. Update
S&P futures are up +0.4%, part of the same flag-like correction from last night. The market is in a holding...
Some Excerpts From Tonight’s Subscriber’s Post… Trouble Is Brewing For The Soft Landing
***These are “some” excerpts from tonight’s subscribers post. All of the major indices closed lower and at or near READ MORE
Daily Wrap – Fed Extinguishes March Rate Cut Hopes
All of the major indices closed lower and at or near their worst levels of the day on heavy volume....
Afternoon Update – Powell Pours Cold Water On March Rate Cuts
Considering how dovish Powell was in December, we just saw a LOT of walking back that dovishness. FOMC officials (12...
FOMC Hawkish-Leaning Statement
2:15 p.m. ET I’ve been saying that the bond, FX and credit markets are in disagreement with the equity market...