Geoff stated that the market provided a "more impressive" reversal in the tech sector yesterday, as the Nasdaq and semiconductor sector (SMH) took out significant technical lows but immediately bounced back, while the S&P 500 (ES) successfully held …
Geoff stated that the market is navigating a complex backdrop of renewed Middle East tensions following reports of missiles fired at commercial ships in the Strait of Hormuz. He noted that while crude oil has responded with strength, …
Geoff stated that the market is currently navigating "summer-like" price action characterized by significant consolidation, particularly as we move through the first 10 days of the critical July calendar range. He noted that while the semiconductor sector (SMH) …
Geoff stated that the market entered the week with a "really nice setup" coming off the July 4th holiday, characterized by a compression on top of a breakout in the S&P 500 and the Nasdaq. He noted that …
Geoff stated that while the morning employment report initially triggered a brief "fade" after breaking to new daily highs, the market's subsequent resilience suggests the report did not "get in the way" of the prevailing trend. He noted …
Geoff stated that the market has provided a "textbook" example of how to handle significant inflection points, specifically noting the successful "head fake" reversal at the 50-day moving average in both the S&P 500 and Nasdaq. He noted …
Geoff stated that yesterday was a "really important day" on the daily charts, as it marked a successful "head fake" for the S&P 500 and a "picture-perfect reversal" for the Nasdaq at their respective 50-day moving averages. He …
Geoff stated that the market entered the week with a sense of steadiness, partially due to geopolitical news aimed at cooling tensions in the Middle East. He noted that while tech-heavy indices and Micron (MU) faced a post-earnings …
Geoff stated that while the market faced an early test due to global tech weakness, he remains focused on the institutional "window dressing" phenomenon that typically supports prices through the end of the second quarter. He noted that …
Geoff stated that the market successfully navigated a high-impact morning featuring Micron (MU) earnings and the PCE inflation data. He noted that while the PCE data came in slightly "hot" in areas like personal spending, the core numbers …