Watch For Bearish Consolidations Next
1:05 p.m. ET It’s too early to map these out. We need more price data. I suspect we’re probably going...
Early Update – Oversold Bounce, But No Help
11:17 a.m. ET For what most expected to be a slow holiday week, we’ve had some interesting days. Tuesday’s 1-day...
A.M. Update
S&P futures are up+0.75% in a correction of yesterday afternoon’s weakness. About +0.5% of that was overnight correction/consolidation, and 0.25%...
Daily Wrap – Pin, Meet Bubble
Today’s trade started out, and spent most of the day, extremely dull, which made sense after yesterday’s 1-day overbought internals...
Afternoon Update – TROUBLE
3:41 p.m. ET I may have another update if necessary, but given all of the work I’ve done in the...
Getting Close To Failed Breakouts
3:01 p.m. ET Today’s been dull as a 1-day overbought condition (yesterday) within an uptrend would suggest, but as I...
Market Update – Transports and Small Caps
2:39 p.m. ET Today feels like what I expected from the start of the week, dull trade as trading desks...
Early Update – Mega-Caps In Today
10:54 a.m. ET As seen late yesterday, there was rotation out of Small Caps into the close, and into S&P...
A.M. Update
S&P futures are down -0.2%. Yesterday was a strong 1-day overbought internals signal. Geopolitical angst is also part of the...
Daily Wrap -Sentiment Extreme
Overnight one of the events of the week was the Bank of Japan’s policy meeting as some BOJ officials hinted...
Afternoon Update
Most of the major averages have been pretty quiet this afternoon, trending sideways and up +0.4 to 0.6%, but Small...
Market Update – Sectors Update and Price/Volume Trends
All four averages are still in the green and Small Caps/Transports are leading as they have every day that the...
Early Update – Small Caps’ Turn
11:05 a.m. ET After the S&P, Dow and NASDAQ-100 started breakouts from small bullish consolidations yesterday, it’s Small Caps’ turn...
A.M. Update
S&P futures are up +0.2%. A drop in yields has acted as support. The 2-yr yield is down 1 basis...
Daily Wrap -Sentiment Hits Extreme Greed
The next two weeks into year end are going to increasingly see fewer and fewer market participants as trading desks...
Afternoon Update
It looks like we might get a mixed close and what most might sum up as a pretty standard day...
Market Update
2:48 p.m. ET I’ve been running through hundreds of charts since the last update and I have a few of...
Market Consolidates, Fed Officials Have Effect, and Resurgent Inflation Risk
11:40 a.m. ET Trading desks are emptying out and running skeleton crews as the holidays draw near, but as we...
A.M. Update
S&P futures are up +0.3%. Treasury yields are moving lower, acting as support for equities. The 2-yr yield is down...
What’s Happening At the Fed?
In this quick addendum to the Afternoon Update, I’m wondering just what the heck is happening at the Fed? Powell’s...