A.M. Update
S&P and NDX futures are flat, Dow is down -0.2% and Small Caps -0.3%. Investors are digesting earnings results from...
Daily Wrap
The S&P and Dow closed at new record highs on this Columbus Day holiday, even as the Dollar was higher...
Afternoon Update – 3C trends the same
Earlier today I showed the 3C trends with negative divergences in SPX and NDX on gains above the post-FOMC range,...
Market Update
12:54 p.m. ET There broad S&P sector performance, b Earlier, decliners led advancers by an 11-to-10 margin at the NYSE...
A.M. Update
S&P futures are up +0.25% wit some leadership coming from large-cap Tech. The bond market is closed for Columbus Day....
Strange Signals Are Back
After a pretty much flat week last week, this week all of the averages gained a similar amount. The S&P READ MORE
Strange Signals Appearing Again
After a pretty much flat week last week, this week all of the averages gained a similar amount. The S&P...
Afternoon Update
Gold futures settled +1.4% higher to $2,676.30/oz, climbing out of the red on Friday to end higher by about +0.3%...
Banks Support The Market; ABI < 14; Gold Starting Breakout
12:55 p.m. ET The preliminary October University of Michigan index of Consumer Sentiment slipped to 68.9 (consensus 71) from the...
Absolute Breadth Index (ABI) Below 14
11:16 a.m. ET Just a quick note – the ABI is sitting around 12.50, which is below the signal level...
A.M. Update
S&P futures are little changed (-0.05%). Nasda1-100 are down -0.3%. Tesla (TSLA -6.65%) is sharply lower ahead of the open...
Daily Wrap – Gold Looks Ready For A Breakout Attempt
There was a negative bias in the stock market through the entire session after probabilities favored 1-day overbought internals yesterday....
Gold Looks Like It’s Ready To Break Out
3:26 p.m. ET Gold has been trading in a bull flag and that bull flag looks close to breaking out....
Interesting Stuff Happening – The ABI Went into the 15’s
215 p.m. ET The Internals signal strike again. From last night’s Daily Wrap, “I can’t say 1-day overbought with such...
A.M. Update – Initial Jobless Claims Surge; CPI Hotter Than Expected
S&P futures are down -0.3%. Weekly initial jobless claims surged higher to 258,000 (consensus 229,000) and last week’s total was...
Daily Wrap – Must Read If You’re A Crypto Bull
Apologies for the late post. It’s been a a crazy day for me between electric & internet outages, and running...
Intraday Update
WTI Crude Oil looks like it’s finding support. Yields are already headed higher. I imagine they’re going to continue higher...
Volatility Is Getting Interesting Again: The Absolute Breadth Index
3:34 p.m. ET The ABI dipped as low as 16.14 intraday and is at just 17.66, and also looks like...
FOMC Minutes Are Very Interesting – Much More Divided Than Thought; Don’t Trust Gov’t Employment Data
The market paused in the Nasdaq-100’s minor resistance, the gap up from September 26th. NDX (15m) After all, it is...
Daily Wrap – One Day Oversold Internals Kick In As China Is Slammed
Yesterday afternoon I pointed out that the SPX and NDX were toward the bottom of their ranges and everything except...