Afternoon Update
The close can change a lot on the last few minutes and there’s not a huge percent move that separates...
Several Key Reversal Days – Do They Hold Into The Close?
2:20 p.m. ET This is some of the ugliest trade I’ve seen in a while. The Dow 9-0.6%) has slipped,...
Semis Weighing On Tech, Market Participation is Poor
1:06 p.m. ET The SPX and more so, the NDX, are sliding off overnight/opening highs. Nasdaq-100 futures have slid around...
A.M. Update
Index futures have remained steady overnight, S&P up 0.9% and NASDAQ up 1.35% following earnings reports from Microsoft (MSFT +8.7%) and Meta...
Hawkish Powell
The FOMC’s expected decision to maintain the federal funds rate at 4.25-4.50% had minimal impact on the stock market’s modest...
Afternoon Update
Powell pretty darn hawkish. My Most Shorted Index is getting uglier. It “looks” like shorts are starting to regain some...
Fed Funds Rate Unchanged; Two Dissents; Powell Presser Hawkish
This post was supposed to go out at 2:20 p.m. ET. For some reason it did not. I’ll lave it...
Stock Market In wait and See Mode, While The U.S. Dollar and Crude Continue their Advance
12:58 p.m. ET The market has a similar feel to yesterday, mixed, defensive, but a little less so. That’s likely...
A.M. Update
S&P futures are up 0.05% with Microsoft and Meta Platforms set to kick off this week’s mega-cap earnings after the close...
Daily Wrap – Defensive Tone with SPX and NDX Key Reversal Days
Index futures and pre-market had a bullish disposition favoring Tech and the pro-cyclical sectors. Most of them got off to...
Afternoon Update – Key Reversal Days and Resistance
Today’s trade may seem uneventful ahead of key earnings and economic data, as well as the FOMC. One of the...
Oil Spikes
Similar to April, oil prices have recently shown a “change in character,” but the shift has been more rapid than...
Retreat to More Defensive Stance; S&P Potential Key Reversal Day
1:45 p.m. ET Pre-market looked to be off to a better start than morning cash trade has settled into. Additional...
A.M. Update
S&P 500 futures are up 0.2% with Tech and cyclicals in the early lead. In addition to a sizable batch...
Daily Wrap – The Dollar Dominates Markets
Given Sunday’s announcement of a US-EU trade deal and the likelihood of China talks being extended by another 90 days,...
Quick Update
The indices have been fairly quiet in narrow ranges, but just off session lows as the Dollar Index is...
Dollar Strength Weighing On Multiple Assets
1:30 p.m. ET The strong U.S. dollar is pressuring various asset classes, even with the positive news of a U.S.-EU...
A.M. Update
S&P futures are up 0.2% but well off Sunday night highs after the U.S. and EU reached a trade agreement...
Semis in Focus
This week has been a reminder of how much I dislike Q2 earnings season in the midst of the summer READ MORE
Semis in Focus
This week has been a reminder of how much I dislike Q2 earnings season in the midst of the summer...