A.M. Update
S&P futures are down -0.35% and Dow down -0.65. Nasdaq and Small Caps are down-40% and -0.6% respectively. The U.S. Dollar...
Dull Day
The majors ae mixed, but also barely changed for the day. Small Caps chart may be the most interesting today…...
Market Update
It has been a slower, less volatile day than yesterday, but you’ll see some important developments jump out, nonetheless. SP-500...
A.M. Update
The S&P 500 futures are down -0.55%. Another move up in rates has contributed to the premarket selling. The 10-yr...
Daily Wrap – Small Caps, Dow and Dow Transports Hit Hard on Leading Economic Indicators; But NVidia Mitigates Losses
The morning trade in equity markets accelerated to the downside around 10:15 a.m. ET, just after the 10 a.m. release...
Afternoon Update
Yields have made a massive move, up 7 to 10 basis points. Stocks have handled rising yields recently pretty well,...
3C Charts & More
2:43 p.m. ET First let’s start with internals. They’ve come of their worst levels of Decliners holding more than a...
Early Update – A Sea of Red
11:58 a.m. ET Higher yields seem to be pressuring stocks, and perhaps it because the options expiration price pin is...
A.M. Update
S&P futures are down -0.2% and Nasdaq down -0.4%. Earnings season ramps up this week with reports from Tesla (TSLA),...
Daily Wrap: Gold With Another Record High; Silver Breaking Out; Nasdaq-100 Does Nothing; Semis Worse Than Nothing
I don’t usually post after 4 p.m. on Friday, but after dinner, I had somethings to share. In yesterday’s Daily...
Crude Oil: Inverse H&S Base?
3:15 p.m. ET Since today’s trade is perfectly in line with a max-pain price pin, making for the typical dull...
Early Update
11:28 a.m. ET Remember this chart from yesterday’s Daily Wrap? Toward the bottom of the indicator’s range is where Small...
Daily Wrap – Gold Another New Record High
Strong gains in index futures before the open gave the impression that today would be a decent day for the...
Coming Down
2:53 p.m. ET Just about everything is coming down this afternoon, whether the averages… SPX (5m) NDX (5m) Or the...
Market Update – Resistance Zones and Gold Set To Make Another Record High
1:12 p.m. ET Yesterday printed 1-day overbought internals. This morning Index Futures were off to a strong start, but that...
A.M. Update
S&P futures are up +0.5% and Nasdaq-100 +1%. Taiwan Semiconductor Manufacturing (TSM) shows a big pre-open gain after better-than-expected earnings...
Daily Wrap
As I pointed out earlier today, there seems to be a rotation attempt in both defensive sectors and Small Caps,...
Market Update – Rotation and Bearish Consolidations
3:30 p.m. ET It seems to me that we’re seeing the return of the Defensive trade and an attempt to...
A.M. Update
Most Index futures are flat. Russell 2000 futures are up +0.7%. Morgan Stanley (MS) and United Airlines (UAL) have both saw...
Daily Wrap -Tech Wreck
Semis dragged the market lower this morning; first after a Bloomberg report that the Biden administration is looking at curbing sales...