Afternoon Update – Tech Sector Taking The Lead
This afternoon’s closing trade is fairly fast-paced. For all intents and purposes, the SPX met my measured move. On a...
SPX Within 0.15% of Measured Move Target
12:43 PM ET Last night I warned that a break of USD/JPY $148.50 would exacerbate deleveraging flows via the carry...
A.M. Update
S&P futures are down -0.6% with Russell 2000 futures lagging down -1.1%. Focus remains on tariffs that kicked in at...
Daily Wrap -Voyage to $5700 (second leg).
Friday afternoon saw end of month pension fund rebalancing driving stocks higher into Friday’s close, but that’s an end of...
Uglier
320 pmet I don’t know if timing of recent news has a role in the increasingly ugly market action, led...
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...