Daily Wrap, or Maybe A.M. Update
Sorry this is so late. I saw something on the charts, then spent half the night trying to birth a...
Uranium (URA) Update
I haven’t forgotten about Uranium (URA +7.4%), one of our longer-term long positions. After several failed attempts to break above...
Stocks Relief Rally, But Crude Oil Remains Concerned
The stock market’s gains today follow on the heels of President Trump’s declaration that he is extending the ceasefire with...
A.M. Update
S&P futures are up +0.55% as geopolitical tensions simmer and earnings season heats up with Tesla reporting after the close....
Happy Taco Tuesday!
Tonight’s post will be a bit shorter and structured a little differently due to developments both during and after the...
Market Update – Uncertain Peace Talks As Ceasefire Deadline Looms
US-Iran peace talks remain highly uncertain as the fragile two-week ceasefire expires tomorrow. The US has expressed confidence that a...
A.M. Update
S&P futures are up similar to last night, +0.2%. WTI Crude oil prices are flat, in the small bull flag...
Bull Trap Setup? Geopolitics Ignored as CTA Inflows Slow
Geopolitical developments over the weekend were met with a subdued start to the week in equities. Iran struck an Indian...
Afternoon Update
Not much has changed since the last update at the index level. Energy gave up its gains. WTI crude settled...
Iran Ceasefire Uncertainty Weighs as Short Covering and CTA Flows Fade
1:43 p.m. ET Directional wartime correlations are tightening up again, whether that be index futures vs. 3-month SOFR (2Y treasury...
A.M. Update
Friday’s Afternoon Update included some commentary that’s not my usual style. After watching the stream of statements coming out of...
Bitcoin’s Bullish 2H vs. Bearish Daily: Protecting Profits at $80,500; Dollar and Crude Update
Bitcoin posted a solid day, but it’s hard to imagine otherwise with risk sentiment dialed up to 11. The swing-trade...
Afternoon Update
Today’s market action felt less about fundamentals and more about headline-driven momentum. Other than President Trump’s own comments, nearly every...
Market Update: Another Day of Headline-Driven Chaos; Separating Signal from Suspect Moves
I really dislike days like this; not the sharp moves in the market, but trying to separate the wheat from...
Another Axios “Pump” on Hormuz Before the Fine Print Drops
It’s hard to ignore that this morning’s set-up to pump the market came by way of Barak Ravid, of Axios, the...
A.M. Update
Busy op-ex morning so far. S&P futures jumped, up +0.95% and crude is down around $10. Iran’s Aragchi says “Strait of...
Equities vs. Reality: Systematic Buying Moderates as Credit, Oil, and Bonds Flash Caution
While keeping in mind that “A day is not a trend”, it is notable that equity momentum slowed markedly today....
3C Update
There’s some more stuff happening on the charts. QQQ (1M) – This is where it started. The chart may look...
Market Update
Mega-caps performance is mixed with notable early weakness is one of the standout features thus far. Oil trades noticeably higher...
A.M. Update
S&P futures are up +0.15% and wTI crude oil futures are up +0.95% ($92.16). Bloomberg reports that Pakistan is pushing for...