A.M. Update
S&P futures are down -0.2% and Nasdaq -0.6% to start a pivotal week with Nvidia earnings after the close Wednesday,...
Max-Pain Pin, Failed Breakouts, and the Oil Setup: Next Week’s Playbook
The S&P is trading like an options expiration max-pain price pin (around $7700) is in effect and it would be...
Debt/Financial Crisis Pricing In?
The SPX is trading very much like there’s a max-pain price pin near $7700. Yields are trading higher as if...
A.M. Update
S&P futures are up +0.5% and right at $7700, an interesting level for an options expiration Friday (has a max-pain...
Cup & Handle Breaks, Intervention Fails, Tone Shifts Fast: The Big Picture Is Coming Together
Well, that didn’t take long. I covered quite a lot with regard to the U.S. Treasury’s intervention at the long...
Afternoon Update – Time To Call It
The averages are going into the close under pressure. I think it’s well past reasonable time (after today’s trade) to...
Market Update
Stocks are under pressure as oil jumps, Bessent’s QE-lite (or whatever you want to call it) gets tested hard 24...
A.M. Update
S&P futures are down -0.4%, Nasdaq-0.55%, and Dow -0.8% as Treasury futures erase some or all of the gains from...
From Bessent’s Bailout to Trump’s Economic D-Day: A Day of Market Synchronicities?
The averages finished mixed, but mostly modestly higher as a reprieve in long-term interest rates and a busy batch of...
Market Update – The Long End Ambushed and Brutally Short Squeezed
Stocks were given a boost just before the open after the U.S. Department of the Treasury announced it will at...
A.M. Update
Index futures were flat until news that: “US Dept of Treasury is increasing, by at least double, the size of...
The Path Is Becoming Clearer: Oil, Yields, and Pressure on Tech
Monday’s bullish AI (Anthropic) news wasn’t enough to keep Tech from selling off as oil pushed rates higher, and stocks,...
Pronounced Weakness in Semis. Failed Breakouts Taking Shape?
It’s a pretty ugly day for the averages considering just 4 of 11 sectors are down. Among them are the...
A.M. Update
S&P futures are down -0.45% and Nasdaq-100 futures are down –1.25% as oil prices and Treasury yields rise in reaction...
Oil Breaks Out, Yields Rise, and the Failed Breakout Risk Grows
I used to be a pure equities trader. Years ago I began noticing that other asset classes (bonds, commodities, currencies,...
Market Update – Breakouts Stall as Oil Breaks Higher, Contrasted With Limited AI Enthusiasm. Failed-Move Risk Rises
The S&P 500, Nasdaq-100, and Small Caps broke out of their week-long bullish consolidations last Thursday, yet none has produced...
A.M. Update
Index futures are mixed this morning with S&^P flat, Nasdaq up +0.2%, while Dow and Small caps are down -0.35%....
Market Update – Yesterday’s Breakout Stalls as Follow-Through Fails to Appear
Two observations: Neither the S&P 500 nor the Nasdaq-100 are seeing any meaningful follow-through from yesterday’s breakouts. Small Caps and...
A.M. Update
Index futures point to a mixed open. S&P is up +0.1% with Nasdaq +0.25%, while the DJIA are down -0.1%...
Cool PPI, Low-Volume Breakout, and the Head-Fake Risk Remains.
The Summary section of Wednesday’s market wrap ended with:“My gut feeling is that the averages finish the week with these...