Afternoon Update
This wasn’t the session I was expecting or hoping for. There’s simply no conviction, which makes you wonder following the...
Market Update – No Conviction or Bias
2:40 p.m. ET As index futures pointed the way in pre-market, they weren’t wrong with the averages mixed, but mostly...
A.M. Update
Equity futures are flattish, indicating a mixed start to the session. Treasuries are mixed. The 2-yr yield is down two...
Daily Wrap
At the sector and averages’ headline level, today was mixed with more than half of averages closing lower and a...
Afternoon Update – Growth Over Value
Ahead of the close, the SPX +0.25% is near session highs, benefitting from mega caps/semi relative strength. The Dow -0.3%...
Mega Caps & Semis Price Action Today Suggests They Don’t Have the Kind of 3CSupport Price Alone Depicts.
2:35 p.m. ETSPY (1m) doesn’t suggest that SPY is getting all that much support on the day. QQQ (1m) suggests...
Market Update – Large Cap Tech and Growth’s Strength Today Puts Small Cap Leadership in Some Doubt
1:10 p.m. ET Rates have declined since this morning, but it hasn’t led to any increased buying. The main takeaway...
Early Update – Mixed Open Favoring Growth and Mega Caps Over Value and Small Caps
1120 a.m. ET Rising market rates have kept pressure on equities after a stellar showing in November. Intel CEO, Pet...
A.M. Update
S&P futures are flat. The US Dollar Index is 6.5% higher at 106.32 after President-elect Trump said he would enact...
USD/JPY vs. SPX/Dow At The Close
On the holiday shortened week: SPX +1.06%, DJIA +1.39% (Transports +1.45%), NDX +0.74%, Small Caps +1.34%. And S&P sectors on...
Afternoon Update
That just about concludes the holiday shortened week and the month of November. Dealer gamma profiles should allow for prices...
Early Update – Semis Support Tech and NDX
11:05 p.m. ET The market is off to a decent start on this holiday shortened session. A drop in market...
A.M. Update – Half Trading Day
S&P futures are up about +0.1% from Wednesday’s close ahead of the Thanksgiving holiday. Russell 2000 futures are best, up...
Daily Wrap – Month End Poses Some Important Questions, As Well As Hints To The Answers
Today’s trade was somewhat mixed with low volume and liquidity in front of tomorrow’s Thanksgiving holiday. Small Caps and Value...
Afternoon Update
The major indices moved mostly sideways over the last hour. Conviction is lacking in front of the holiday break. Markets...
Coinbase
3:16 p.m. ET This is just a quick reminder that Coinbase (COIN +6.3%) looks good with a clean bullish Ascending...
Gold Update
Gold futures settled todays session higher by +0.7% to $2,639.90/oz, rebounding from one-week lows and bolstered today by a weaker...
Intraday Update
1:40 p.m. ET Today’s trade has a positive bias in market breadth, but losses in the major indices. Advancers lead...
Early Update – Large-Cap Tech Weighs Down The Market & Further Progress on Inflation Stalls
1156 p.m. ET There’s so much economic data this morning, it takes some time to look beyond the headline print...
SOX Breaking Bear Flag
1023 a.m. ET The Semiconductor index is down -2.2% and breaking below the bear flag. (15m) ...