$5900 About to Level Up and Unlock $5900 Target Level
10:43 AM ET At this rate, it probably does so before I even get this post to you. Tech, mega...
A.M. Update – Futures Green After Weaker Than Expected CPI
Most index futures are modestly higher from 0.05% to 0.55%. Despite the concern about inflation with tariffs, CPI came in...
Daily Wrap – The Pain Trade
Well, there it is… the definitive breakout from last week’s bull flag, heading toward $5900. This is pretty much textbook...
Afternoon Update
Here we are, a rally that institutional, systematic and hedge funds don’t like many of them were caught on the...
Welcome to the PAIN TRADE
1:15 PM ET Weekend events with talks between the US & China represent a far larger backtracking from Trump than...
A.M. Update
S&P futures are trading 3% higher this morning. and the major equity indices are poised for a sharply higher open...
Afternoon Update
Well today has been an extremely dull day and that fits right into the consolidation theme which as you know,...
Market Update – Low Conviction, But Better Than Expected
1:36 PM ET Today the averages’ performance could be considered a lack of conviction and rightly so ahead of this...
Daily Wrap- Bull Flag Breakouts, But Tests Look Likely
Here are some key excerpts from last Friday’s Afternoon Update, talking about what we “should see this week” based on...
Breakouts Across The Board, But Do the Averages Test Support Before Heading Higher? I Think It’s a Fairly High Probability.
2:12 PM ET The 2-yr yield is up +11bp, the 10-yr yield up +10bp and the U.S. Dollar is up...
QQQ Updated 3C Chart
12:01 PM ET QQQ (2m) 3C signals… Just perfect for a bull flag. More to come…...
Averages Are On Track, Breaking Out…
11:53 AM ET The averages are breaking out, heading toward our higher measured moves… Averages… SP-500 +1.35%, Dow +1.35%...
A.M. Update
S&P futures are up 0.7%. The market’s focus remains on tariff-related developments after indications that President Trump is set to...
Daily Wrap — FOMC, U.S.- China Talks, AI Chip Rule – Still on Track.
I’ll try to keep tonight relatively brief because things going as expected, at least from the short term outlook, and...
Afternoon Update – Beware Knee-Jerk Reactions. Once Again, The Concept Is Proven Correct On This FOMC Day.
As I’ve said the last 2 days, “Beware of initial FOMC knee-jerk reactions. They are often wrong and retraced.” U.S....
FOMC – Outlook Uncertainty Has Increased Further – Fed
2:17 PM ET The Fed kept ranges as widely expected with just a 2% chance of a rate cut this...
Market Update – Consolidations Continue to Go Well
12:38 PM ET The major averages are still tracking nicely in developing bull flags… Averages SP-500 +0.1%, Dow +0.6% (Transports...
Daily Wrap – Constructive Consolidation, But An Indicator Is Screaming, “Recession Ahead.” Also Big News on the Trade Front.
Stocks opened lower, then came of the lows when Treasury Secretary Scott Bessent said the US is negotiating with 17...
URA to $29
URA (+3%) just started breaking out of a bull flag today with a conservative measured move of $29 which is...
Afternoon Update – Consolidations Still on Track
3:21 PM ET The day for the market has been on the slow side – pretty typical of consolidations. Price...