Afternoon Update – Tone Is Getting More Bearish Into The close
3:39 p.m. ET As I started this post, the three major indices were trading near yesterday’s closing levels after fading...
Early Update – Interesting Stuff Happening
12:04 p.m. ET I am seeing some very interesting developments this morning, which started as another mirror reversal of yesterday,...
A.M. Update
S&P futures have been in a slow, shallow, but steady grind higher throughout the overnight session – now up +0.4%....
Daily Wrap – The Big Picture Is Clearing Up
The key features of today’s trade include: No Short Squeeze in equities. That resulted in clear underperformance of the indices,...
Afternoon Update – When There’s no Short Squeeze…
3:38 p.m. ET I’ve been relatively quiet as it’s been a relatively quiet day of narrow consolidation-like trade. The S&P...
Early Update – A Lot of Recent Observations Reinforced
12:44 p.m. ET We’re seeing a bit of a mirror flip of yesterday’s dynamics from the laggards and leaders to...
A.M. Update
Index futures are down between -0.25% and -0.4%, despite lower Treasury yields. U.S. Treasury yields turned lower last night. Their...
Daily Wrap – There Are A Lot of Contrarian Extremes Building Up
Bifurcated! I don’t get to use that word a lot. Another word I’ll throw out there, “Euphoric.” Macroeconomic data was...
Afternoon Update
The market remains bifurcated. On one side (mega-caps and their related sectors like Tech) are notably weak. In fact tonight...
Market Update – Another Short Squeeze Results in a Bifurcated Market
12:41 p.m. ET Out since the last update, U.S. Factory Orders Fell -3.6% (consensus -2.6%) after a downwardly revised 2.3%...
Early Update
10:11 a.m. ET It’s a very bi-polar market this morning. SP-500 -0.65%, Dow -0.3% (Transports +0.45%), NASDAQ-100 -1.1%, Small Caps...
A.M. Update
S&P futures are down -0.35% this morning, but still in a small bullish consolidation of Friday morning’s gains. NASDAQ-100 futures...
Afternoon Update
There’s a lot of thoughts put together quickly and I haven’t re-read or spell checked so please forgive any weirdness...
Quick Update
3:27 p.m. ET Just a quick update as I’m writing the Afternoon Update. The averages have gone into a small...
Powell 2.0 – Second Round Table Link
I don’t think this format offers much that could possibly spark new, market moving comments from Powell, unless he’s seen...
Powell Aftermath
1:20 p.m. ET Today is the last day we’ll be hearing from Fed officials as the media blackout period ahead...
Early Update
11:41 a.m. ET We got some more economic data at 9:45 and 10 a.m. and the net effect was to...
A.M. Update
S&P futures are down -0.25% on this first day of the new month, and while the market awaits Powell’s comments....
Daily Wrap – A Hiding Spot?
I have a lot for you again tonight. I’ve always said that “Dull markets cause me the most work”. I...
URA (Uranium ETF)
We’re not closed yet, but I like this rebound, this strong, wide daily candle and the heavier volume. URA (daily)...