Daily Wrap
There was pretty much nothing of consequence on the macro economic front today, which left stocks and bonds to their...
Intraday Update – Bitcoin ETF?
3:09 p.m. ET Most of the averages, excluding Small Caps, just got some pep in their step and it seemed...
Early Update – Right Shoulder Looking Perfect
12:00 p.m. ET This morning’s early look is quite simple. The market averages are very little changed. That leaves prices...
A.M. Update
S&P futures are down -0.1%, or roughly in-line with fair value. Lower yields this morning may support equities and keep...
Daily Wrap
In last night’s Daily Wrap I emphasized watching the U.S. Dollar Index and it flirting with a break above a...
Afternoon Update
Not much has changed since the last update. The averages are trading from just slightly above the flat-line (NASDAQ) to...
Quick Look At The Averages
2:12 p.m. ET I thought I’d give you the “feel” of the averages, some sectors as groups and my thoughts...
Early Update – 10-yr Above 4.00% Causing Trouble
11:48 a.m. ET Given yesterday’s strong close, price is not acting well this morning, but as I warned last night,...
A.M. Update
I thought index futures price last night looked unusual. S&P futures are down -0.55% this morning, with yesterdays best performing...
Daily Wrap
Mega-caps went from laggards last week to stepping into a leadership role today. The NASDAQ-100 lost -3.1% last week, only...
Everything Seems About Right
2:40 p.m. ET So far the S&P is doing exactly what I suspected after coming down to make a lower...
Early Update – Right On Track
11:36 a.m. Et According to Bloomberg, last week, the first trading week of the New Year, saw the worst cross...
A.M. Update
S&P futures are nearly unchanged. The Dow Jones Industrial Average is headed for a lower open due to a big...
Afternoon Update – Addendum
In reading back the Afternoon Update, while I gave the approximate measured move for a double top the size of...
Afternoon Update
Today has been a pretty dull, slow day, which has given me time to dig into a few subjects that...
The Magic of the Government’s BLS Jobs Report & The Psychology of a H&S Top
3:00 p.m. ET SP-500 -0.05%, Dow -0.15% (Dow Transports -0.15%), NASDAQ-100 -0.05%, Small Caps -0.45% While the headline Payrolls report...
Early Update – I’m Surprised, But Not Really
This is going to be a different kind of Early Update, but one I think is timely and needed. I...
A.M. Update
S&P futures are down -0.2%. The 10-yr yield moved above 4.00%, up six basis points from yesterday to 4.05%, which...
Daily Wrap – S&P Makes Its First Lower Low Of The Nine-Plus Week Rally
Notice how the market was much calmer today. I attribute a big part of that to yesterday’s 1-day oversold internals,...
H&S Neckline Coming Into View
2:12 p.m. ET In yesterday’s Daily Wrap I laid out a scenario that looks likely, although I’m always open to...