Trend Channel Stop
Closing SPXU (3X short S&P-500) was triggered by a stop out signal on the close. This may be hard to see....
Afternoon Update
I’m going to post this. Then I’m closing my SPXU long (3X short S&P) since the S&P is closing above...
Important Market Update
1:15 PM ET The market is in a better mood today due to diminishing chances of a government shutdown and...
A.M. Update
S&P futures are up +1%% and NASDAQ 100 futures up +1.3%. That won’t be enough to take us out of...
Daily Wrap – Measured Moves, Tariffs and Narratives
The decline continued today. The indices gave up yesterday’s gains and then some. The S&P is officially down over 10%...
Afternoon Update
The Dow met the downside measured move posted in Monday’s Daily Wrap, “the measured move from the smaller triangle on...
Intraday Update
2:28 PM ET The S&P is testing the week’s low, as suggested as a likely test in yesterday’s Afternoon Update....
Market Update – SPX Crucial Test On Deck
12:28 PM ET The open this morning looks like more of the same, despite a decent decline in PPI, price...
A.M. Update – Cool PPI
S&P futures of 0.1% lower. Earnings reports from Adobe (ADBE), UiPath (PATH), SentinelOne (S), and American Eagle (AEO) garnered negative...
Daily Wrap
Most of the major averages closed higher with NASDAQ leading. NVIDIA (NVDA +6.4%) was a big help in that regard....
Afternoon Update
The averages aren’t doing anything in price terms that suggests anything more than the latest bearish consolidation in a long...
Market Update – Tech And Semis Outperforming Again
153 PM ET This morning’s CPI is that on a year-over-year basis, total CPI was up 2.8%, versus 3.0% in...
A.M. Upate
S&P futures are up 1.2%, helped in part by a benign CPI report, with Tech leading. At the White House...
Daily Wrap
S&P futures were down -0.65% last night when I closed my screen and up about a half a percent this...
Afternoon Update
I can’t say objectively that we have evidence that short-term down trends done, they are still very much intact, although...
Intraday Update – Market Responds Favorably to Ukraine News
2:59 PM ET The SPX met its full measured move at $5535-$5550 with a low of $5528. SPX (10m) –...
Tariffs Still Weighing on Investor Sentiment With the Latest Threat
12:41 PM ET The S&P was holding around the flatline until 10 a.m. ET, when President Trump posted the following...
A.M. Update
S&P futures rebounded overnight — You have to love those 0ne one day over sold internals signals — to flat...
Daily Wrap
The stock market is back in sell-mode after Friday’s reprieve that followed a 1-day oversold internals signal last Thursday. Growth...
Afternoon Update – CTA’s Finish Selling
As the S&P (-2.7%) has come within 0.25% to 0.5% of the measured move target for the most recent bear...