Daily Wrap – Dull Day Ends with a Bang and It Wasn’t Nvidia’s Earnings.
Yesterday’s knee-jerk reaction to weekend tariff news (EU) posted impressive gains, but there was no follow-through on that effort today...
Intraday Update
3:25 PM ET It has been a pretty slow day until 2:45 PM or so, with a quick drop in...
Market Update – Caution
12:04 PM ET It would not have been a shock to see the market tread water in a narrow range...
S&P futures are around unchanged although they did dip lower overnight after Japan’s 40-year auction sale Wednesday was met with...
Daily Wrap – Deja Vu
In many ways today’s trade across multiple asset classes brought us right back to where we were at the start...
Afternoon Update
The very strong opening short squeeze may not be over, but it has stalled for the day. SPX & MSI...
Reprieve
1:23 PM ET The market’s red flags were piling up last week, whether the Dollar Index under $100 , the...
A.M. Update
S&P futures are up 1.2% Equity futures rallied overnight after news that President Trump will delay the implementation of extra...
Too Many Red Flags.
We gone from some yellow flags for the stock market last week as we saw April 21st smart money selling...
Market Update – More Failed Moves
12:55 PM ET Yesterday’s late day sell program out of nowhere seems to make a little more sense given this...
A.M. Update
S&P futures are down 1.5% following news that President Trump said that a 50% tariff should be placed on imports...
Daily Wrap
Yesterday posted strong one-day oversold internals and today we’re right back to the dull, laterally trending stock market. Meanwhile, the...
Market Update – One Day Oversold Consolidation Day.
3:36 PM ET We’re back to a pretty dull session today. VVIX’s weaker relative performance compared to VIX yesterday, suggested...
A.M. Update
index futures are mixed, ranging from +0.1% to -0.55%. S&P futures are down 0.1%. In Washington, the House of Representatives...
Daily Wrap – It’s About the Debt. Today Produced a Number of Red Flags
Commentary in last night’s Daily Wrap couldn’t have been much more spot on. I just didn’t expect it all to...
Afternoon Update, Ugly Fast, But Likely 1-Day Oversold
Small Caps are posting a failed breakout.. (15m) MAGS and SOX have the first element of failed breakout… MAGS...
Market Update – Yields Surge, Stocks Drop
2:40 PM ET The 20-yr treasury auction is rather new, this month is actually the five year anniversary. It wasn’t...
Messengers of the Market Getting Ugly, and Last Night’s Thoughts on the Market Are Manifesting
1:17 PM ET Things are happening fast, whether it be some of the messengers of the market making moves, or...
A.M. Update
The US dollar index is below 100 ($99.58) and the 30 year yield is above 5% (5.02%). Index futures are...
Daily Wrap – The Messengers Of The Market Are Rumbling At Huge Levels
The first half of the day was slower than even I expected and I’ve been warning about staying vigilant in...