Afternoon Update
It looks like Tuesday’s gaps are mostly all either filled or will be filled with maybe an exception here or...
Early Update – The Goldman Trade
12:10 p.m. ET Mega-caps are out of favor today, but many other stocks are trading higher with Small Caps continuing...
A.M. Update
S&P futures are nearly unchanged, coming down after the shockingly bad Retail Sales report. Retail sales fell 0.8% in January...
Daily Wrap
The deepest short-term oversold conditions in 3.5 months, the VIX futures contract rolling and with it a lot of dealer...
Afternoon Update
***This post was supposed to go out at 3:41 p.m. ET. I just saw that it did not publish. ...
Early Update
11:57 a.m. ET So far everything looks pretty much as I’d expect for the extent of yesterday’s short-term oversold dynamics....
A.M. Update
S&P futures are up +0.4% this morning. The UK’s CPI came in cooler than expected, helping index futures overnight sentiment....
Daily Wrap – More Cracks
The CPI repot ended up being influential (coming in hotter than expected), influential enough to send the Dollar and 10-yr...
Supplemental
After running through the charts near the close, I stand by most of what’s in the last post, except I...
Afternoon Update – Quick Take
I’m going to give you some quick-takes of how I think things are likely to play out. Of course we’ll...
Quick Update – Session Lows
2:21 p.m. ET The U.S. Dollar Index, which has been consolidating in a very clearly bullish pattern in the cash...
Watching Intraday Price Action – Potential Bear Flags Intraday
1:01 p.m. ET All 11 S&P sectors are lower from -0.3% to -2.3%. The worst performing sectors are Rate sensitive...
Early Update – The Crack in the Dam
11:09 a.m. ET Several charts have been quietly coming together that suggested the highly concentrated market positioning in rate sensitive...
A.M. Update
S&P futures are down -1.35% on a hotter than expected CPI print. NASDAQ-100 futures are down -1.8%, but Russell 2000...
Daily Wrap – Goldman Might As Well Have Said, “Sell”
Index futures were flat this morning after Asia was closed for trading with the Lunar New Year this week, and...
Afternoon Update
If you saw the last post, it almost seems as if Goldman Sachs is top-ticking the mega-cap run of 2024,...
Intraday Update – Goldman Sours on Momentum Consensus Tech Trades
2:29 p.m. ET This afternoon the S&P tumbled from session highs to near session lows. The Tech-heavy NASDAQ-100 tumbled to...
Early Update – Small Caps Outperform Amid An Ongoing Short Squeeze
11:26 a.m. ET The major averages have improved since their flat open, but they’re not doing anything too out of...
A.M. Update – Flat Open
S&P futures are little changed (-0.05%). The market is lacking directional drivers this morning, but this week’s calendar features some...
Afternoon Update: Quick Look at 3C
3C cumulates a lot of price/volume data according to whether price closed up or down, and whether volume was up...