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...
Early Update – Mega Caps Getting Hit After Earnings, Despite Sharply Lower Yields
11:41 a.m. ET The market opened mostly lower. The S&P 500 and NASDAQ are pinned in negative territory by losses...
A.M. Update
S&P futures are down -0.6% and NASDAQ-100 futures down -1%, while Dow futures are flat as mega-cap and large-cap Tech...
Market Analysis (Jan. 30, 2024) – Mega Caps Stating To Falter
*Below you’ll find the subscriber “Daily Wrap” nightly post for January 30th, 2024. Being we have the FOMC/Fed policy decision, READ MORE
Daily Wrap- Mega Caps Stating To Falter
There was not a lot of conviction on either side of the tape today with the Fed tomorrow, plus we...
Afternoon Update
We’re less than 24 hours away from the FOMC. VIX has shown modest relative weakness most of the day, pretty...
URA Update
3:01 p.m. ET URA is up +1.85%. Price is coming off support of the 50-day sma yesterday… URA (daily) w/...
Early Update
11:58 a.m. ET This morning’s market is acting very typical for 1-day overbought internals yesterday, but I suppose the tone...
A.M. Update
S&P futures are down -0.2% and Russell 2000 down -0.45%. Earnings news since yesterday’s close has received mixed responses. General...
Daily Wrap
Today’s market started as another one of the recent quiet, “wait and see”, days with a slight positive bias. At...
Afternoon Update – Treasury Borrowing Estimate Sends Stocks Higher; URA Looks Ready To Breakout
The market has been a pretty dull affair most of the day, although that’s pretty much the norm in earnings...
Early Update
11:35 a.m. ET This morning the market is flattish and mixed. It’s looking a lot like most days last week,...
A.M. Update
S&P futures are flat ahead of a busy week, including earnings results from Alphabet (GOOG) and Microsoft (MSFT) after Tuesday’s close,...
Afternoon Update
This will be my last post of the day. The averages ae mostly little changed except NASDAQ-100. SP-500 -0.1%, Dow...
Market Update – Semis Weak
2:39 p.m. ET Semiconductor-related names ae weighing on the NASDAQ and Tech sector after disappointing guidance from Intel (INTC -12.25%)...
Early Update – Semis Weak & Mega-Caps Flattish
11:30 a.m. ET The PCE inflation data really didn’t move the needle much for stocks and yields are modestly higher...
A.M. Update
Most index futures are mixed, but close to the flatline, Russell 2000 futures are up +0.65% Semiconductor stocks are weak...
Daily Wrap – A Screwy Real GDP Print
Index futures ramped higher on this morning’s economic data (GDP), but drifted lower as mega-caps weakened from noon, despite lower...
Afternoon Update
The NDX is a few cents from closing with a bearish engulfing candle or not. We’ll take a closer look...
Intraday Update – Crude Breaking Out
3:06 p.m. ET The S&P and NDX are just off session lows, despite a solid 7-yr Treasury auction that sent...