URA Update
3:01 p.m. ET URA is up +1.85%. Price is coming off support of the 50-day sma yesterday… URA (daily) w/...
Early Update
11:58 a.m. ET This morning’s market is acting very typical for 1-day overbought internals yesterday, but I suppose the tone...
A.M. Update
S&P futures are down -0.2% and Russell 2000 down -0.45%. Earnings news since yesterday’s close has received mixed responses. General...
Daily Wrap
Today’s market started as another one of the recent quiet, “wait and see”, days with a slight positive bias. At...
Afternoon Update – Treasury Borrowing Estimate Sends Stocks Higher; URA Looks Ready To Breakout
The market has been a pretty dull affair most of the day, although that’s pretty much the norm in earnings...
Early Update
11:35 a.m. ET This morning the market is flattish and mixed. It’s looking a lot like most days last week,...
A.M. Update
S&P futures are flat ahead of a busy week, including earnings results from Alphabet (GOOG) and Microsoft (MSFT) after Tuesday’s close,...
Afternoon Update
This will be my last post of the day. The averages ae mostly little changed except NASDAQ-100. SP-500 -0.1%, Dow...
Market Update – Semis Weak
2:39 p.m. ET Semiconductor-related names ae weighing on the NASDAQ and Tech sector after disappointing guidance from Intel (INTC -12.25%)...
Early Update – Semis Weak & Mega-Caps Flattish
11:30 a.m. ET The PCE inflation data really didn’t move the needle much for stocks and yields are modestly higher...
A.M. Update
Most index futures are mixed, but close to the flatline, Russell 2000 futures are up +0.65% Semiconductor stocks are weak...
Daily Wrap – A Screwy Real GDP Print
Index futures ramped higher on this morning’s economic data (GDP), but drifted lower as mega-caps weakened from noon, despite lower...
Afternoon Update
The NDX is a few cents from closing with a bearish engulfing candle or not. We’ll take a closer look...
Intraday Update – Crude Breaking Out
3:06 p.m. ET The S&P and NDX are just off session lows, despite a solid 7-yr Treasury auction that sent...
Early Update
12:04 p.m. ET This morning’s market data encouraged the “soft landing” camp and sent yields lower. Just as the 4...
A.M. Update
S&P futures are up +0.35% (from flat at 8:00 a.m. ET) in response to this morning’s data. GDP was up...
Daily Wrap
The market started the day with a gap up after overnight trade lifted index futures. China’s central bank (PBoC) cut...
Afternoon Update
The averages gapped up from overnight trade (PBoC RRR cut, lower yields, etc.), but it was apparent this morning that...
Market Update – Higher Yields Pressuring Stocks
2:56 p.m. ET A very ugly, near catastrophic 5-yr Treasury auction sent yields surging and that’s been weighing on the...
Early Update
11:40 a.m. ET This morning has a pretty much perfect storm of favorables for the market. Netflix and other Tech...