Dow Sets Record Close‑to‑Close High Despite Intraday Lag
On an intraday basis, the Dow is still below its February highs, but on a close-over-close basis: record high today. $DJIA: https://t.co/c4pqgSg6NP
Forward P/E 20x Could Pull S&P to 6500
Below I show P/E bands based on the 12-month forward earnings estimates. If the forward P/E-multiple were to drop to 20x, that could push the S&P 500 index down to around 6500. Again, we have strong earnings tailwinds pushing those...
Only 25% of Funds Outperform Amid Record Market Gains
Market already up 9% this year with 19 new highs but only 25% of active large cap funds beating index. Related 41% of stocks are beating SPX which is highest rate in 5yrs so there's opp but as usual it's...
Rising Yields and Oil Drag Stocks Amid Weak Data
No news. No catalyst. So why are stocks falling? 📉 Two things every trader needs on their radar RIGHT NOW: yields and oil. Both ripping higher. Both bearish for equities. Add in weak global PMIs, a soft Philly Fed, and Fed...
Tech and SPY Close Above 5‑Day SMA, Retest Complete
MU, AMD, INTC, SPY all got close back above the 5 SMA. Minimum retest up is complete. https://t.co/u2IFcnVK20
Speculators Hold Deepest Short Positions in US Futures Since April 2023
The latest CoT data shows speculators are short equity futures across the S&P 500, Nasdaq-100 (most net short since Apr'23), S&P 400, and Russell 2000. via Bespoke
Top S&P Decile Falls, Bottom Rises in Swift Reversal
As of mid-day, the decile of S&P 500 stocks that had done best y/y through the 5/14 market high was down 8% since then, while the decile of the worst performers y/y were up 7.1%! Saw a bit of a...
Broad Market Breadth Turns Negative Across All Segments
S&P 500 Equal Weight US stock market ex-SPX MidCap 400 SmallCap 600 Russell 1000 EW Russell 2000 Microcaps International Stocks International small caps All negative in the last month https://t.co/rSD4f9RSsr
Nvidia's Future Lies in AI Services, Not Chips
$NVDA is no longer a chip company. It's selling dependency. What I'm watching tomorrow after the bell: → Q2 guide vs $86B. That's the number that moves the tape, not the Q1 print → Margin holds at 75% as Rubin ramps →...
Small‑cap Risk Gauge Slides 4.5% From Three‑year High
While there is a pullback in the major US indices, there is a more intense retreat in some of the more concentrated measures of risk appetite. The Russell 2000 - Dow ratio is down approximately -4.5% from its three-year peak...
S&P Near Low, Sector ETFs Climb, SMIDs Lag
S&P 500 near the LoD, but most sector ETFs are up... value holding up fine... but not US SMIDs & Ex-US https://t.co/XDSeIq8kX4
Fed Talks, Weak Tech, Housing Data Drive Market Caution
🚨 Morning Market Rundown – May 19, 2026 🚨 A lighter economic calendar today, but traders still have plenty to watch with Fed speakers, housing data, and tech weakness in focus 👀 📊 Economic Events: 🎤 Fed’s Waller speaks at 9AM 🏠 Pending Home...
Dip Buyers Trigger Bullish Reversal Near 7,360 Zone
SPX: Dip buyers jumped in close to the 7,360 daily demand zone. The candle suggests a bullish reversal, the MACD crossover indicates the trend is switching, making further decline likely. The gap at 7,273 is a must-watch zone. #SPY.
S&P 500 Hovers Near ATH, Bearish MACD Crossing Soon
#SP500 doji Candle near ATH 7517. Support 7294, 7046, 6790. On verge MACD Bear Cross. RSI 68.5 high but not Overbought. 13/21 day EMAs Bullish. Top Bollinger Band 7515. Midpoint Line 7393. Bottom Band 7272.
SPY Slides to Key $735 Level, Likely to Test
$SPY just hit $735, which I had mentioned was a key level this morning. After losing support at $740, it sold off rather quickly. $735 is a pretty significant level; we can expect a few tests/chop at it, especially as...