Afternoon Update
I’m not going to be able to get this post out and grab a bunch of charts so I’m just...
Intraday Update -Session Lows
2:48 PM ET Well, here’s our expansion in Volatility the ABI forecasted. VIX is currently up +20% on the day...
NEW CORONAVIRUS WITH POTENTIAL TO CAUSE PANDEMIC DISCOVERED IN CHINA – DAILY MAIL
1:29 PM ET I was just talking about sparks and catalysts last night. In any case, the SPX is at...
Ugly
As you already know index futures started to sell-off ahead of the cash open and continued into the US session....
Test of $6100
1024 AM ET Another decline into the cash open and it looks like S&P futures are set to test $6100...
Afternoon Update
I just walked in the door and figured I’d do my best to get out an afternoon update. S&P futs....
Intraday Update
2:16 PM ET I have to run to take my mother to a doctor’s appointment. I’ll be back for the...
Market Update – Warning Shot
12:33 PM ET Hopefully no one got lulled into a sense of complacency with the recent dullness in markets. This...
Afternoon Update
The averages are fairly little changed (-0.35% to +0.2%) and mixed. Intraday tone has improved as the session has gone...
Minutes Update
245 PM ET “Participants indicated that, provided the economy remained near maximum employment, they would want to see further progress...
Market Update – Dull Trade With Stronger Signals of Big Volatility Event Brewing
12:52 PM ET As mentioned last night, index futures we’re bumping into resistance from yesterday’s pre market in early overnight...
Afternoon Update
Gold futures (+1.75%) are acting well after some higher volatility Friday. (30m) I’m all for consolidations, especially after a...
Market Update – Another ABI Signal In the Making
12:42 PM ET Several mega caps sold off at the open. Among the more notable are Meta and Amazon, dragging...
Afternoon Update
* I’m going to get this post out a little earlier than usual just so you have time to consider...
Absolute Breadth Index – 13.86
220 p.m. ET I’m getting a lot of messages inquiring about the level of the ABI so I thought I’d...
Market Update – Growth Scare
1225 p.m. ET Beyond a massive decline in Retail Sales… Import/Export prices showed that there was inflation, as opposed to...
Market Update – Relief, For Now…
321 p.m. ET The president’s update on reciprocal tariffs has been received well by the market. The Dow Jones Industrial...
Intraday Update – Tariffs Announced, I Guess…
211 p.m. ET I think we were all expecting a 1 p.m. news conference from President Trump. Hasn’t happened, but...
Reciprocal Tariffs On the Way
12:39 p.m. ET Today has been a busy day already (mostly on the political and geopolitical fronts, but economic data,...
Afternoon Update
It’s been an interesting day with inflation coming in hotter than expected, the Republican House of Representatives budget and tax...