Quick 3C Update
QQQ (1m)...
Afternoon Update
There’s very little on 3C charts that suggest a price pivot low before the close. The closest (and it’s not...
Market Reacts (Negatively) to Powell
3:24 PM ET Some highlights… “tariffs are highly likely to generate at least a temporary rise in inflation.” “Our obligation...
Market Update – Mega Caps and Semis Weigh on the Averages
1:16 PM ET There’s a lot to take in today, just when it seemed things were calming down on the...
A.M. Update
S&P futures are down 1%. Pre-open declines in NVIDIA (NVDA) and other chipmakers have contributed to the negative bias after...
Daily Wrap – Nvidia Expects to Report a $5.5 Bln. Charge
Several positive and negative factors merged to leave us with a market that ended little changed. Positive responses to earnings...
Intraday Update – Mushy Trade
3:33 PM ET In yesterday’s Daily Wrap I noted that internals posted a solid 1-day overbought signal, but because of...
Market Update- A Bit Duller, Less Biased Trade
12:00 PM ET The immediate cash open looked pretty good, then came tariff negotiation news between the U.S. and EU....
A.M. Update
S&P futures are down 0.05%. There’s not a lot of movement in contracts tied to the S&P 500, Nasdaq 100,...
Daily Wrap
Last week was clearly, “Sell the U.S.” with the Dollar, Treasuries and Stocks sold. Money has been moving toward areas...
Afternoon Update
The market-cap weighted S&P 500 holds a 1.25% gain and the equal-weighted S&P 500 trades 1.55% higher. The difference...
Updated Measured Moves For the Averages
3:07 PM ET From April 9th’s Daily Wrap, “Price action has been exceptionally volatile and not orderly so its difficult...
Market Update – Mega Caps Fade Early Stength
12:29 PM ET It’s another fluid market start. I expected a stronger start as of the weekend video, but that...
A.M. Update
S&P futures are up +1.6%. Tech stocks lead the pre-open action after reports indicated that President Trump exempted items like smartphones,...
Stock Market Forecast – Target Level Hit, But Financial System At RISK
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Afternoon Update
The market didn’t get much more than a knee-jerk reaction out of the Fed’s Collins headline so far, because while...
Fed Winks (Not Blink)
1:59 PM ET In my last post I wrote, “If the Fed steps in with some kind of bailout or...
Markers of Stress In the Financial System
11:58 AM ET There are or have been some ugly signs of stress in the system this morning, especially yields,...
A.M. Update
China retaliated against President Trump’s tariffs by hiking levies on U.S. goods to 125%, up from 84%. Interestingly, the Chinese...