Early Update
1:38 p.m. ET Apologies for the late post, but I finally got to talk to a software engineer on the...
A.M. Update
S&P futures are up +0.4% heading into today’s options expiration. Ongoing strength in mega cap and semiconductor stocks has boosted...
Daily Wrap – Ginger Bread Houses
The stock market put in that oversold bounce I was looking for today. Tuesday the market went short-term oversold and...
Afternoon Update -Small Caps May Bounce Next
3:43 p.m. ET The oversold bounce may have more to go, but the divergent scenarios mentioned last night and in...
Bitcoin Testing Below $42k
12:58 p.m. ET From last night’s Daily Wrap, “I didn’t like what I saw when Bitcoin tested $42k and honestly,...
Early Update – Ducks in a Barrell
12:05 p.m. ET The market oversold bounce is going exactly as I hoped and expected. Really it’s just the NASDAQ.,...
A.M. Update
S&P futures are up +0.25% and up +0.4% around 8:00 a.m. ET. The latest batch of earnings news has received...
Daily Wrap – Mega Caps Save The Day
We had a strong 1-day oversold signal in internals yesterday, but the popping of the rate cut bubble’s narrative took...
Market Update – Ugly, But Hoping For Short-Term Oversold Conditions To Kick In
3:02 p.m. ET While the 10-year yield seems to have topped for the day, the Fed-rate sensitive 2-year yield keeps...
Early Update
12:13 p.m. ET As I was saying in last night’s Daily Wrap, I don’t think the market is wrong about...
A.M. Update
S&P futures are down -0.65% amid higher rates again this morning. The 2-yr yield, which is most sensitive to changes...
Daily Wrap – Ugly, But Probably 1-Day Oversold
Thus far all of 2024 we’ve observed the market trying to find it’s feet and find a theme and falling...
Afternoon Update- Ugly, But Probably 1-Day Oversold
3:31 p.m. ET The averages sit near session lows. It’s a tough environment today with the U.S. Dollar Index jumping...
Early Update -Not Horrible Percent Moves, But Weak Market Action
12:22 p.m. ET Rising Rates and a decent jump in the Dollar weigh on stocks this first trading day of...
A.M. Update
S&P futures are down -0.45%, pressured by dollar strength and higher yields. Not helping matters are losses in influential stocks...
Some Things To Chew Over This Holiday Weekend
See the Early Update for today’s comprehensive data including the most recent 3C charts updated for the major averages. It’s...
Airlines – Another One Biting the Dust
3:00 p.m. ET All of these November/December “rally”, or rather SHORT SQUEEZE favorites (crap stocks that only rallied because of...
Early Update – Lots Happening This Morning
12:12 p.m. ET I have a lot for you in this post. The overall view of the market is not...
A.M. Update
S&P futures are off their 8 a.m. levels down -0.3% and are currently flat, after having garnered mostly negative responses...
Daily Wrap
Today was an interesting, somewhat odd day. Headline CPI came in hotter than expected at 3.4% year over year, from...