Markets Ride the Relief Rally Wave Post-Ceasefire
The Middle-East ceasefire spawned a broad-based relief rally. In the summary section of yesterday’s Daily Wrap – Ceasefire? I wrote, “I...
Afternoon Update
The ceasefire is holding as Iran has reopened its airspace to commercial traffic. It looks like the strike on Iran’s...
Relief Rally
1:17 PM ET Ceasefire optimism and related safe-haven unwinds (e.g. – lower oil, lower volatility), as well as optimism that...
A.M. Update
S&P futures are up 0.65% on a relief rally over the ceasefire agreement between Israel and Iran, though both sides...
Daily Wrap – CeaseFire?
The stock market saw some roller-coaster action today that followed developments related to the Middle East conflict. I’m not going...
Iran Retaliates, Crude Oil Sinks.
1:57 PM ET It looks like the remainder of last Wednesday’s “opinion” forecast on the trajectory of oil prices is...
Retaliation Inbound?
12:55 PM ET Given the weekend’s events, the market opened with relative quiet, but it is a very fluid environment...
A.M. Update
Equity futures slumped out of the gate on Sunday evening in reaction to news that the U.S. struck Iranian nuclear...
Typo- SPX $5800, Not $4800
Sorry about that, I expect the next stop is the bottom of the lateral range at SPX $5800, not $4800....
Afternoon Update – Next Stop, SPX $5800?
On the geopolitical front… The latest update is that the Nimitz carrier strike group arrives in the region this weekend,...
Options Expiration Price Pin
12:20 PM ET The major averages climbed out of the gate, but saw a steady retreat from highs, leaving the...
A.M. Update
S&P futures are up 0.35% heading into today’s massive options expiration. Geopolitical concerns seem to be on the back burner...
Daily Wrap
Sorry this post is so late, but the market is closed tomorrow and I have some things to share that...
Intraday Update – Powell Presser Hawkish
The SPX is back below $6k, SPX (1m today) That’s not a big deal in terms of the price tren,...
FOMC Update
There were no ere were no changes to the Fed funds rate as widely expected. The red-line statement that compares...
Pre-FOMC Update
12:23 PM ET It’s a low conviction day with the FOMC drift in effect and the market grasping for tidbits...
A.M. Update
It’s a pretty quiet start ahead of the FOMC. S&P futures are little changed up less than 1/10 of a...
Daily Wrap – Uncertainty Is Prodded Again
Today’s trade started out as very low conviction corrective listlessness. That’s consistent with the one day overbought internals we were...
3C Update
3:21 PM ET Yep, there’s additional movement on 3C charts. Keep in mind that the most sensitive 3C timeframes (shortest)...
Uncertainty Rising
1:32 PM ET Yesterday’s internals came very close to 1-day overbought with the right S&P sector performance and dominant price/volume...