A.M. Update
The market is in an optimistic mood after Netflix posted blowout earnings with subscriber growth; China’s RRR cut; and Treasury...
Daily Wrap
I think this morning’s Early Update post title, “Wait and See Mode”, correctly identified the theme of the day early...
Afternoon Update
There’s not much to add to the last post. That little intraday pick up in 3C helped lift the averages...
Intraday Update
2:01 p.m. ET The S&P and NDASDAQ-100 are virtually unchanged, while Dow Transports and Small Caps lag behind after their...
Early Update – In “Wait & See Mode”
11:13 p.m. ET Economic data is light today with no tier 1 data. What we do have: The Richmond Fed...
A.M. Update
Index futures are mixed. S&P futures are p +0.15%, Dow futures are down -0.1%, but Russell 2000 futures are up...
Daily Wrap
When I looked at S&P futures this morning in pre-market they were up +0.6%, with tech-heavy NASDAQ-100 futures doing quite...
Afternoon Update
Nothing has changed since the last update. With these small bodied daily candles in the SPX. NDX and DJIA, they’re...
Intraday Update – No Longer Short Term Oversold
1:55 p.m. ET Most of the averages are well off session highs except Transports. We may see more short covering...
Early Update -Shorts Getting Pinched, Mega-Caps Losing Momentum; An Unusual VIX Signal Developing
11:58 a.m. ET Friday was a HUGE options expiration and dealers were caught short calls. The S&P jumped to a...
A.M Update
S&P futures are up +0.3%. Ongoing strength in tech stocks has supported the positive bias this morning as earnings season...
Afternoon Update
$3.4 trillion worth of options expired today. $1.0 trillion notional of single stock options expired today. It’s the largest since...
URA Consolidation
3:39 p.m. ET It’s not a perfectly parallelogram, but it’s close enough that I’d call this a bull flag. URA...
Intraday Update
3:32 p.m. ET Dealers got caught short a huge amount of calls into today’s options expiration and all it took...
Early Update
1:38 p.m. ET Apologies for the late post, but I finally got to talk to a software engineer on the...
A.M. Update
S&P futures are up +0.4% heading into today’s options expiration. Ongoing strength in mega cap and semiconductor stocks has boosted...
Daily Wrap – Ginger Bread Houses
The stock market put in that oversold bounce I was looking for today. Tuesday the market went short-term oversold and...
Afternoon Update -Small Caps May Bounce Next
3:43 p.m. ET The oversold bounce may have more to go, but the divergent scenarios mentioned last night and in...
Bitcoin Testing Below $42k
12:58 p.m. ET From last night’s Daily Wrap, “I didn’t like what I saw when Bitcoin tested $42k and honestly,...
Early Update – Ducks in a Barrell
12:05 p.m. ET The market oversold bounce is going exactly as I hoped and expected. Really it’s just the NASDAQ.,...