Semis Weighing on Tech
1:59 PM ET Semis (SOX -1.9%) are weighing on the Technology sector (-1.5%), and thus the broader market. SOX (10m)...
Market Update – Consolidative, Short Term Trend is Down, Economic Data Worse
1:02 PM ET This week’s focal points “should” be tariffs and any last minute negotiations; President Trump will address a...
A.M. Update
S&P futures are up 0.4%. Both, technology in small caps are outperforming. Market participants are waiting to see how the...
Afternoon Update
What a month February has been, and it all kicked off with market breadth telling us there were problems as...
Working Off Oversold Conditions As Atlanta Fed’s Real Time GDP Tracker Signals Recessionary Conditions
153 pm ET There’s a lot happening today, from economic data, the latest Atlanta Fed real time GDP tracker signaling...
Daily Wrap – CTA Medium Term Triggers Hit, Second Leg Down Began
As I suspected and posted last week, “All things being equal and assuming no surprises over the weekend, I’m going...
Afternoon Update
Here’s our price trend, using the tech heavy Nasdaq since that is the epicenter of selling… NDX (15m) based on...
Market Update – Nvidia Ugly, Market Threatening Second Leg
2:47 PM ET Perhaps Nvidia is the catalyst after all. Ideal bearish consolidation would have taken a little more time...
Nvidia Weighing On The Cap-Weighted Averages
12:13 PM ET While it seemed clear to me yesterday, President Trump clarified some misspoken tariff dates this morning which...
Early Update
10:26 AM ET President Trump clarified tariff dates that he got a little mixed up yesterday. I included the right...
Daily Wrap (Feb. 26, 2024)v- Nvidia ( $NVDA )Reports Earnings… Meh
***This is last night’s Subscribers’ Daily Wrap post (after every market closes Monday-Thursday). The stock market got off to a READ MORE
A.M. Update
S&P futures are up 0.35% following Nvidia’s earnings report. NVIDIA is up +2% which isn’t bad but nowhere near the...
Daily Wrap -Nvidia Reports… Meh
The stock market got off to a promising start today, led by NVIDIA (NVDA +3.7%) and the mega-cap stocks, many of...
Afternoon Update
Not much has changed since the last update… certainly nothing that changes the outlook, and nothing that has the potential...
Intraday Update – Larger Flag?
2:57 PM ET At the top of the last update I highlighted what was then, the most recent news, that...
Market Update
12:57 PM ET We’ll cover the market from the open, but just moments ago as President Trump answered a report’s...
A.M. Update
S&P futures are up 0.35% which erases most of yesterday’s loss and puts us in the consolidation expected (of losses...
Daily Wrap – Growth Scare
For everything else that’s happening, the primary market driver right now is fear of economic growth slowing more rapidly than...
Intraday Update
2:44 PM ET “Most of the averages closed below technical levels that held at Friday’s close. Late day selling, the...
Mega Caps Ugly Amid Stagflationary Data & Growth Scare
12:16 PM ET The market is in the midst of a growth scare (growth is decelerating as is evident by...