Market Update – Slower Consolidation Day, But Still Solid
12:27 PM ET The market opened to mixed action. Most of the averages are fractionally higher while a few are...
A.M. Update
S&P futures are up -0.4% after trading up to what would be the SPX $5550 area overnight. The week’s earning...
Daily Wrap – Good Start To the Week
There wasn’t much in the way of news/economic data catalysts in today’s trade. The market put in huge gains last...
Afternoon Update
The major equity indices continue to move off session lows reached around mid-day. There was no specific catalyst to...
Consolidation Looks On Track – SOX Update/Example
2:23 PM ET After a huge move higher last week, I expected we’d see some consolidation soon. Markets don’t move...
Market Update – Consolidation and Minor Rotation
11:17 AM ET After last week’s massive rally… SPX (weekly) bullish engulfing candle It’s reasonable to expect price to consolidate...
A.M. Update
S&P futures are little changed at +0.1% , but slid as much as -0.5% overnight after the Wall Street Journal...
Stock Market Forecast – Following Smart Money’s Footsteps
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Weekly Brief
Not that it matters a whole lot, but a South Korean newspaper of record captured images of a Chinese trade...
Intraday Update
3:02 PM ET The S&P and NDX were heading toward a clean breakout above the clear resistance zone and pulled...
Market Update – CTAs Engaged
1:18 PM ET Yesterday left the key averages smack-dab in the middle of price resistance zones after an extended 3-day...
A.M. Update
S&P futures are down -0.3% after trading between 5500 and 5550 overnight and this morning. ES (1m) It appears as...
Daily Wrap – Averages At Price Resistance With Another Strong Day of Trade. CTAs Buy Tigger May Have Been Tripped
Since a notable positive divergence in 3C Monday across the board in all averages and most important sectors, the stock...
Long-Term SPX CTA Trigger Met
4:17 PM ET As covered in my last post, the wild card in the battle between buyers and sellers (overhead...
Afternoon Update – Supply/Demand Conflict Comes Into Sharp Contrast, With CTA’s Being a Wild Card, Near the First Buy Signal Level
3:40 PM ET In the last post (SOX Measured Move) I said something that may have been confusing, “I don’t...
SOX Measured Move
2:23 PM ET In yesterday’s Daily Wrap, I featured the Semiconductor Index (SOX +5.4%) making another intraday bull flag and...
Market Update -Still Looking Great
1:11 PM ET “Technically” the major market averages are still within the context of a consolidation, although a day and...
A.M. Update
S&P futures are flat. Tone has improved in pre-maret as all Mag-7 names were red, but have all moved to...
Daily Wrap – Another Barnburner Day For Stocks – Mega Caps Lead
Last week and Monday were characterized by the “Sell America” theme, whether that be Treasuries, Stocks or the U.S. Dollar,...