Afternoon Update
Just a quick follow up – Everything looks to be on track as I’ve laid out and summarized in the...
Dow Transports Resistance at 50-day
2:17 p.m. ET SP-500 +0.25%, Dow +0.35% (Transports +0.3%), NASDAQ-100 +0.25%, Small Caps +0.7% Early on, Dow Transports were an...
Early Update – Working On Right Shoulders
10:43 a.m. ET This morning started with some cyclical strength in Industrials from 3M, and mega-caps were supporting pre-market trade....
A.M. Update
S&P futures are up +0.5% and NASDAQ-100 futures are up +0.65% as yields moderate their recent advance with positive price...
Stock Market Video Update and Analysis
There are quite a few signs of the market in a topping phase. I’ll run through some of the more READ MORE
Weekend Video Update – Lots of Toppy Activity
Here’s the video update. I hope you find it insightful and useful....
Afternoon Update
As mentioned in the last post, Powell didn’t say anything the market hasn’t already heard – with the exception of...
Post Powell Update – SPX TEST
10:51 a.m. ET In my estimation, Powell’s speech was nothing new. Stocks and the Dollar knee-jerked in both directions, but...
Link To Powell’s Comments At Jackson Hole
Powell’s commentary is about 10 minutes away. It’s being live-streamed by the Kansas City Fed. Here’s the link – https://www.youtube.com/watch?v=UJn4_ACLwW8...
A.M. Update
Index futures are higher this morning. As 3C suggested last night, Dow and Russell 2000 futures are up the most...
Daily Wrap – This Is A VERY Important Update
I am sorry this post is so late. It’s not because of my ongoing fever or not feeling well (again, thank...
Afternoon Update
In pre-market a tech rally was underway following Nvidia’s earnings yesterday after the close, but as soon as the cash...
NASDAQ-100 back at measured move target
1:57 p.m. ET Measured moves are fascinating. First, they are incredibly accurate, often to the percent and even at times...
Intraday Update Selling at 50-Day SMA’s
11:46 a.m. ET Yields are about the same as the last update (2y +4bp and 10-yr +2bp). These aren’t huge...
Early Update – Tech Rally Fails Spectacularly
10:32 a.m. ET Nvidia gave and yields took away. The Tech rally that Nvidia inspired in pre-market, completely failed at...
A.M. Update
S&P futures are up +0.45% and NASDAQ-100 futures are up +0.95% as Nvidia’s has sparked a Tech rally, but there’s...
Daily Wrap
The stock market had a strong day, supported by mega-caps, which were unleashed by a notable drop in Treasury yields,...
Afternoon Update
I’m back. Thanks for your patience. I did have a fever and that probably explains why I felt so out...
Market Update
I’m going to have to keep this post short. I woke up this morning not feeling great, wrote out my...
A.M. Update
S&P futures are up +0.15%, supported by a drop in yields. The moves in the Treasury market are in response...