Afternoon Update
Taking a quick look at the week, NASDAQ 100 is the worst of the majors. The Technology sector is the...
NASDAQ Hits Downside Target
2:11 p.m. ET The mega-cap Tech stocks led the market lower. NASDAQ 100 hit my earlier downside target, the other...
Market Update – Mega Caps New Lows
1:23 p.m. ET Small Caps -0.75% have had a more vigorous bounce off session lows, that’s not the case for...
Intraday Update-Small Caps reached target
11:03 a.m. ET S&P-500 -0.9%, Dow -0.8%, NASDAQ 100 -1.25%, Small Caps -1%. For the moment, small caps have reached...
PMI Crashes
Economic data this morning is surprisingly bad. First, Existing home sales for January declined 1.3% to a seasonally-adjusted annual rate...
Targets
9:59 a.m. The 30-year yield fell more on the open, down 7 basis points to an all time new low-...
Early Update – Ugly Start
9:47 a.m. ET The sellers in Technology -1.3% and Semis -1.95% are back right at the open. One key difference...
Market Update
2:42 p.m. ET The averages continue their correction off session lows. Small Caps +0.35% are the best after holding important...
Intraday Update
1:15 p.m. Et The averages should try to recapture trends. The only one that didn’t break the trend levels posted...
Market Update – Quick Take
11:58 a.m. ET Looking at the sectors, and knowing what we know from yesterday afternoon post FOMC minutes, it looks...
Levels To Be Tested
11:31 p.m. ET I didn’t see any catalyst for the plunge in stocks underway other than yields having broken the...
Yields leading lower
11:14 a.m. ET Yields are hitting new session lows down >4 basis points. ****Since starting this post, stocks are starting...
Early Update – Mixed
10:27 a.m. ET The averages are little changed S&P -0.05%, Dow -0.05%, NASDAQ 100 -0.3% and Small Caps +0.3% Wednesday...
Afternoon Update
It looks like the rotation attempt from mega-caps to small caps, after the FOMC minutes, is failing. You’ll have to...
Afternoon Intraday Update
3:22 p.m. ET Just touching base in the final hour of trade. There appears to be an attempt at rotation...
FOMC Minutes
2:22 p.m. ET From the January FOMC Minutes: -TERM REPOS COULD BE PHASED OUT AFTER APRIL -CONDITIONS EXPECTED IN 2Q...
Market Update
1:55 p.m. ET The averages are drifting sideways just off session highs into the 2 p.m. FOMC minutes release. The...
Intraday Follow Up
12:01 p.m. ET Following up on the last post, here’s what volatility’s relative strength looks like… The bottom indicator is...
Intraday Update- Session Highs and Volatility Relative Strength
11:25 a.m. ET The averages are at session highs with the mega-caps leading (AAPL +1.7%, AMZN +1.2% and GOOG +0.65%)....
Early Update
10:24 a.m. ET The major averages extended yesterday afternoon’s rebound- S&P +0.45%, Dow +0.3%, Small Caps +0.4%, NASDAQ 100 +0.85%...