Blog

SPY opened down $.50 as our model suggested today would be a boring, range bound day without much movement either way. But as the markets do from time to time, they surprised our model and we saw all the major markets ripping higher with the S&P and Nasdaq making more new all-time highs. SPY closed ...

SPY opened down @ $1.50 as the market entered consolidation mode, digesting the gains from this week. UoM Consumer Sentiment came in a bit weaker than expected as rising costs and less job prospects dampened consumer enthusiasm. But today was much more about typical market behavior with prices movin...

SPY gapped up @ $1.50 on a much lower than expected PPI reading at 8:30 am ET, as well as a higher-than-expected Unemployment Claims number. Combined they support the narrative of easing inflation, weakening jobs and therefore, the ability for the Fed to reduce interest rates. The Fed likely needs t...

SPY gapped up shy of $5 on a much lower than expected CPI reading. At .2%, this is the lowest reading recorded for inflation since November of 2023. While one month doesn’t a trend make, we now have two months of lower readings and perhaps, high interest rates are finally taking a bite out of inflat...

SPY opened down $.59 on overnight weakness and profit taking. Like yesterday, in the first hour the market fell until it found support once again at $532.50 where it reversed course hard and rallied, reaching a new all-time high of $537.01 before closing at $536.95. There is no doubt that the market...

SPY opened down $.83 on overnight weakness and profit taking. In the first hour the market fell a bit further until it found support once again at $532.50 where it reversed course and rallied to close the day at $535.66, trading inside of Friday’s range and up 31 basis points. A couple of tests of $...

SPY opened down $1 on stronger than expected Non-Farm Employment data which not only showed close to 100,000 more jobs added than forecast, but also rising wages. While the Unemployment rate ticked up to 4%, it is still quite low by historic standards. The Federal Reserve wants the job market to wea...

SPY gapped up today over $2.30 on weaker than expected ADP employment figures and initially sold off until it found support at $529 @ 10 am ET. The market then entered a relentless bull trend that didn’t give way all day with SPY closing at a new all-time high of $534.63, up 1.19%, reaching a new hi...

SPY opened down @ $1.75 today and moved a bit lower, finding support at $525 by midday. The morning was filled with chop with little opportunity for profit. By the afternoon the market found its footing and pushed higher @ the 2 pm hour, reaching a high of $529.15 before stalling and settling virt...