A.M. Update
S&P futures are up +0.4% as bond yields pull back after a big bounce yesterday. The 10-yr yield is down...
Daily Wrap – Did Powell Pop The Bubble? There’s A Good Chance He Did
Today’s trade was similar to that of recent sessions in the early going, and similar what 3C has been forecasting...
Powell – Moderately Hawkish, The Market Reacts Bearishly
2:52 p.m. ET So far we’ve just hear Powell’s prepared remarks, there’s a Q&A session later. The initial take is...
Powell Live Link
Here’s the link to the live event, Powell speaking on Monetary Policy Challenges in a Global Economy. It’s just starting...
Early Update – Still Not Making Lemonade From Lemons
12:21 p.m. ET Once again, the averages are missing the opportunity to take the dead flat price percent changes and...
A.M. Update
S&P futures are up +0.25% and yields are slightly higher as the market focuses attention on chair Powell’s comments later...
Daily Wrap – Averages Are Missing An Opportunity
***My mother was just admitted to the hospital so I’m going to keep tonight’s post on the brief side. If...
Afternoon Update: Consolidation Mode, But No Consolidations
3:28 p.m. ET Most of the averages are unchanged except Small Caps. This is what 3C has been telling us...
Early Update – Broad Update
12:23 p.m. ET There’s a lot to cover this morning and the market has been fluid as I’ve bene writing...
A.M. Update
Good morning. Index futures range from flat to +0.1%, while rates are mixed, but also pretty flat. My understanding was...
Daily Wrap – Benefit of the Doubt, But…
Like yesterday, relative strength in the mega cap stocks amid a decline in market rates, propelled the major indices to...
Intraday Update – Back to, “The Only Game in Town”
2:46 p.m. ET While we have seen a pattern of clear distribution in the mega-caps since mid-June, and if you...
Early Update – Lower Bond Yields, Higher Mega-Caps
11:59 a.m. ET The theme this morning is one that we’ve seen most of the year, except the majority of...
A.M. Update
S&P futures are down about a tenth of a percent, still trading in the consolidation pattern from last night… or...
Daily Wrap – The Dash for Trash
***Since there was no weekend video, except Friday which I’d encourage you to watch as it’s only 90 seconds and a...
Afternoon
We have a little divergence between the strong correlation that’s been driving equity prices for quite a while, but it’s...
Intraday Update – Looking At Both Sides (3C Update)
1:33 p.m. ET As already mentioned in the Early Update, the NASDAQ-100 followed in the S&P-500’s footsteps and met the...
Early Update – Prices Stalled At Down Trend Channel’s Upper Trend Line
11:30 a.m. ET As we saw Friday, traders using 3x leveraged/long short ETFs were on the move as 3C charts...
A.M. Update
S&P futures are up +0.15%, although yields re higher so since we’re at the top of the sub-intermediate downtrend, we...
Afternoon Update
This is going to be a quickie as there’s a lot to take in and some significant changes in character...