GDP grew at a rapid 4.9% annualized clip last quarter, far outpacing most estimates and prompting a bounce in futures from overnight lows (after ES reached the top of the range for our next lower target.)
However, it merely complicates the Fed’s inflation fighting efforts.
continued for members… (more…)
Futures are off moderately following a big slide in GOOGL shares. 
AAPL and AMZN are also off.
continued for members… (more…)
Futures are up moderately on positive earnings reports from several key equities.
continued for members… (more…)
Futures have dropped through our 200-day moving average target – a significant move that opens the door to a more important backtest.
continued for members… (more…)
Powell spoke, and the algos weren’t too happy with what they heard:
“We are attentive to recent data showing the resilience of economic growth and demand for labor. Additional evidence of persistently above-trend growth, or that tightness in the labor market is no longer easing, could put further progress on inflation at risk and could warrant further tightening of monetary policy.”
Stocks tumbled again, closing in on our next downside target from last week.
continued for members… (more…)
Futures have bounced back from overnight lows in advance of Jay Powell’s comments at 12pm ET at the Economic Club of NY.
continued for members… (more…)
Escalating carnage in the Middle East points to a protracted and increasingly complex set of circumstances for markets, with oil prices and currencies confused as to how to respond. Futures are off moderately this morning, supporting our notion that a 200-DMA tag is still in the cards.
continued for members… (more…)
Futures are off moderately, backtesting the recently broken channel after much stronger than expected retail sales.
continued for members… (more…)
Futures are up moderately, running into their own channel top following VIX’s recent retreat from resistance, 
continued for members… (more…)
Futures are up modestly following establishment of a new rising channel.
continued for members… (more…)
