Daily Wrap – Gold Keeps Soaring; Stocks… Meh
***I’m having technical issues with the website. The server pushes through an automatic update that wreaked havoc. I’ve spent about...
Afternoon Update – Mega Cap Gains Significantly Reduced
A decent start for the mega caps/semis/tech, has turned and now most are trading towards the low of the session...
BackTests…
3:01 p.m. ET Last week (I think Thursday as the market was down) I posted expectations of Thursday’s gap being...
SPX/NDX BackTesting Minor Uptrend’s Break
12:01 p.m. ET A lower U.S. Dollar Index (-0.25%) and lower yields (2-yr -2bp; 10-yr -3bp; 30-yr -5.5bp) crate easier...
A.M. Update
S&P futures are up 0.55% shortly before the cash open. President Trump will meet with congressional leaders of both parties...
Plan For Next Week & Looking Forward
Thursday’s market decline ended with 1-day oversold internals, suggesting a bounce Friday. Friday bounced with all 11 sectors green, and...
Afternoon Update: Adding Some Nasdaq-100 & Small Cap Short Exposure
It’s been a long couple of weeks tearing into the minutia of the market to arrive where we are now...
Important Market Update – One-Day Oversold Rebound, Larger Bearish Consolidations Developing
1:28 p.m. ET Two conditions coexist: the market shows signs of a short-term rebound after a single day of oversold...
A.M. Update
S&P futures are up 0.3% from a flat start before the PCE report. Personal income increased 0.4% month-over-month in August...
Daily Wrap
Wednesday the market ended with another bearish consolidation. As of last Wednesday’s Daily Wrap, index futures continued in that consolidation...
*Intraday Update*
2:44 p.m. ET I’ve been waiting and watching for a pivot low, and it looked like we might be getting...
Market Update – A little Less Orderly
12:59 p.m. ET I’m going to capture and post the many charts below as I go. If I try to...
Consolidation Time
That was the next leg down. We should see the averages start moving into another bearish consolidation. I’ll be right...
A.M. Update
S&P futures are down around -0.55%, led by Nasdaq-100 futures (-0.75%) and Russell 2000 futures (-1.1%). This is the next...
Daily Wrap – Inflation?
Tuesday ended with small bearish consolidations, that carried overnight in the futures market, and the first half of the day...
Afternoon Update
There’s not much new to add, the market is still consolidating with a bearish bias (small bear flags). From the...
Still Bearish Price Action
The averages are still consolidating with a bearish bias… SPX (2m) NDX (2m) – I’m not sure about the...
Intraday Update – Price Action
Price action is bearish, but orderly. The market is legging down in relatively small declines and consolidations. SPX (3m) -Recall...
Adding to Yesterday’s Leg Down.
I’m going to keep this update brief as we’re getting to what’s likely to be an important inflection point. The...
A.M. Update
The futures are up 0.15%, so far still holding the small bearishly biased consolidation trend from yesterday’s close. Headlines are...