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Market Divergence

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So far we are seeing a divergence between the QQQ and SPY this morning. A look at the 15 min. chart of each shows that we may start to see some choppy action. The 15 minute chart of the QQQ shows a break under support and room down into filling the gap from Friday. The […]

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Earnings Season Review: When Not That Awful Is Good Enough

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FactSet just updated their second-quarter earnings season stats for S&P 500 companies so let’s take a look at just how awful things are: -69% of companies are beating earnings estimates (vs. 5-year average of 67%) -54% of companies are beating sales estimates (vs. 5-year average of 55%) -Q2 earnings have declined -3.5%, which is less […]

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Steve Levay’s Morning Call Express Video

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In today’s Morning Call Express video, T3’s Steve Levay breaks down the action in SPY, as well as individual stocks like AMZN, TWLO, and SCSS.

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Market Analysis: There Is No Such Thing As a Perfect Rally

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If you look for perfection, you’ll never be content. -Leo Tolstoy Markets are mostly in a happy mood following Friday’s NFP-driven rally. I have serious doubts as to whether the Fed’s going to raise this year, but traders are now pricing in a 47% chance of a December rate hike, up from 9% post-Brexit. I […]

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Rob Smith’s Daily Recap Video

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In today’s Daily Recap video, T3 Live’s Rob Smith discusses the action in SPY and IBB, as well as individual names like HES, APC, and NFLX.  

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T3’s Take 3: SPX Makes Record High on Huge Jobs Report

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1) Jobs Report Delivers, and Then Some! For the second month in a row, the monthly nonfarm payrolls report blew away expectations. The US economy added 255,000 jobs in July, easily smashing the 180,000 consensus. Plus, June and May’s numbers were revised higher, and average hourly earnings beat forecasts with a 0.3% gain. With two […]

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The Morning Hammer: Massive NFP Report Makes Bears Cry

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1) Most Impressive! SPX just made new all-time highs above 2181 and is holding strong on the huge jobs report. We’re also seeing very nice outperformance in the Russell 2000 and Nasdaq. I thought it would take a rebound in bonds and gold to keep the equity move rolling, but I’m not going to argue […]

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July NFP Report Instant Analysis: Is a Reversal in the Wings?

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The July NFP report hit this morning at 8:30 a.m. ET and it was pretty impressive. The headline number was 255k, smashing the 180k consensus. We also saw an 18k upward revision to the past 2 months and better-than-expected hourly earnings. This is the second big beat in a row, which has the big May […]

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For the Love of Everything That Is Holy, Can We Please Get a Real Move?

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With market volatility at 20-month lows, I’m falling asleep. It’s like April-May all over again, but worse. Thankfully, we’ve got a pivotal NFP report coming today at 8:30 a.m. ET. So maybe, just maybe we’ll get some real movement today. Economists are looking for 180K on the headline number, 0.2% MoM growth in hourly earnings, […]

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Morning Call Express: S&P 500 and The NFP Market Mover

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In today’s Morning Call Express, Jeff Cooper talks about the recent range in the SPX and how it has been one of the tightest on record. He also talks about many underlying internals that could lead to a significant move lower.

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