Market Update – Consolidation Phase Continues
12:08 PM ET Stocks came off their morning lows following Treasury Secretary Bessent comments in his House testimony that it...
A.M. Update
S&P futures are down 0.8% this morning. The narrative behind this morning’s decline is largely lack of progress on the...
Daily Wrap – Short Term & Long Term Outlooks
The S&P finally did it, a -0.63% loss broke the 9 consecutive day win streak. And it did it at...
Afternoon Update
3C charts have deteriorated a bit more this afternoon, which only increases my conviction that we are in a correction...
Market Update – Consolidation Process Has Begun. What Next?
12:12 PM ET The averages are consolidating at technical levels and at my original measured moves, like the S&P 5650...
A.M. Update
It looks like the S &P’s nine day, 10% rally is finally ready to correct/consolidate. S&P futures are down -0.75%...
Afternoon Update
I have been running through charts for hours trying to sort out both the near term outlook for the market...
Market Update -Still Solid, But Due Consolidation
12:29 PM ET Ever since last Monday’s leading positive 3C chart, the S&P has been up every single day. The...
A.M. Update – Payrolls Beat
S&P futures are up 1.25%, partially on trade optimism, sparked last night after China’s Commerce Ministry said that the “US...
Daily Wrap – A Key Pivot & A Surprise Tonight
The market gapped higher at the open. The positive bias was driven by ongoing large-cap Tech momentum following a huge...
Afternoon Update
If I had to take a quick guess based on the charts I would think that Amazon does pretty well...
Constructive Consolidations
2:37 PM ET Price action has slowed down on the upside this afternoon, but don’t mistake that for weakness. All...
Ongoing Relief Rally
12:05 PM ET Quite a move this morning with strong 3C charts, but we are due a consolidation and probably...
A.M. Update
S&P futures are up +0.9% and NASDAQ 100 futures are up +1.5%. The positive bias follows better-than-expected results from Microsoft...
Daily Wrap – More To Go…
Let’s take a moment to consider that the S&P and Nasdaq-100 entered financial media-defined bear markets in April. In both...
Afternoon Update
The averages are off their lows. SPX (3m) I wouldn’t say they’ve traded out any kind of bullish consolidation today,...
Correction
12:27 PM ET Q1 GDP printed -0.3%, worse than the -0.2% expected and the first negative print since Q1 2022...
S&P futures are down 1.3% after week earnings from Super Micro coming ahead of influential names like Microsoft (MSFT) and...
Daily Wrap
The stock market exhibited choppy action in the early going, but finished on a high note, very similar to yesterday’s...
Afternoon Update
On the face of things today has been a little bit of a quiet consolidated day with a slight bullish...