Market Update
I was dreaming of a slower Friday sliding into the weekend, but nope—market tape bombs are dropping like confetti at...
Daily Wrap – Getting Uglier Out There
Let’s start with something light. Ironically, I had written about this very theme in yesterday’s Daily Wrap; not quite in...
Afternoon Update
I just got back in so I’m going try to make this quick. Breadth figures reflect a steady increase in...
Market Update – Index futures Give Up Gains, Falling Three Methods On Track
1:25 p.m. ET I’m always hesitant to take much away from overnight trade or pre market futures as it is...
A.M. Update
S&P futures are up 0.6% this morning following an announcement from President Trump that companies that commit to domestic development...
Daily Wrap – The Apple of Trump’s Eye
Today was mega-caps’ turn to step up to the plate and carry the ball forward. Apple was the focal point...
Afternoon Update
Overall it’s a pretty slow day. It is going according to expectations though and that makes this a little bit...
Market Update – Apple Hype, But Market Moving As Anticipated
1:53 p.m. ET I’ve written and rewritten this post probably three or four times now. Often slow days like this...
A.M. Update
Equity futures are modestly higher this morning (+0.2%) in a pretty quiet environment. President Trump’s envoy Steve Wilkoff met with...
Daily Wrap – Shadow Fed Chair?
Modest opening gains quickly reversed on the release of the July ISM Services PMI and the S&P Global US Services...
Afternoon Update
I’ve been spending a lot of time looking around before putting this post out. I don’t like to put something...
Services Data Sparks Worst Fears
12:06 p.m. ET Market internals were 1-day overbought yesterday. Price action so far today fits the circumstances. However, the market...
Daily Wrap – The Silver Lining of Payrolls; Bad Is Good News… Be Careful What You Wish For
I have quite a few items to go over tonight. Make sure you read the Treasury section. The market was...
Quick Update
Market is near session highs as we near the close but much more lateral than this morning’s enthusiastic trade. I...
Oversold Bounce on Increased Fed Rate Cut Expectations
1:59 p.m. ET There’s a lot to take in today. This post is not as organized as my typical post,...
A.M. Update
S&P futures are up 0.57%, which isn’t too surprising given what we saw late Friday afternoon, “DJIA is not quite...
Afternoon Update – The Week’s Bearish Change In Character
What a day! It’s not just earnings, Payrolls highly unusual downward revisions, Key Reversal Days, failed moves/resistance, we also have...
The Key Reversal Days Were and Are Important; Now The Trend Channel
1:42 p.m. ET I often say that dull price environments cause me the most work. You’ve likely seen the hours...
A.M. Update – Tariffs and Shockingly Weak Payrolls
S&P futures are 1% lower this morning and Nasdaq-100 down -1.25%, after President Trump implemented widespread tariff increases on major...
The Pieces Are Coming Together – Key Reversal Days
Last week I wrote that I thought this week would give us a lot of answers. So far, it hasn’t...