Afternoon Update – Tech & Mega-Caps to Get Some Short Term Relief?
Remember that the purpose of institutional distribution is to quietly sell into higher prices. I used a fishing analogy last...
Intraday Update
1:49 p.m. ET It’s pretty wild to watch what has occurred in June thus far, or just since the weekend...
Early Update – Bank of Canada Surprise Rate Hike
11:14 a.m. ET It’s been a very transitional morning so lots to catch up on and re-write. The Bank of...
Afternoon Update
The major averages are still hovering around unchanged, roughly +/- o.15% of unchanged, but Small Caps are showing an incredible...
Intraday Update – Apple Undergoing A Change In Price Character?
2:00 p.m. ET Most of the averages are very little changed, except Small Caps with massive outperformance, and they’re down...
Early Update – Small Caps Ripping Higher, Led By Regional Banks
11:39 a.m. ET After a brief 1-day breather, the emerging June trend of Small Caps/cyclicals rotating in is back in...
Intraday Update
2:19 p.m. ET Today’s trade has been mixed and somewhat dull following Friday’s broad rally. The S&P has come within...
Early Update
11:12 a.m. ET In the Technical Analysis and Financial media communities there’s some hype about the S&P nearing a +20%...
Afternoon Update
As always on Fridays, this is my last post of the day/week, but I’ll almost certainly have a video out...
Market Update
1:05 p.m. ET Without the debt ceiling risk hanging over the market, we’re getting the rip higher expected once S&P...
Early Update – Strong Cyclical Bias
10:47 a.m. ET Despite the numerous oddities in the Payrolls report (and there are more than a few), the takeaway...
Afternoon Update
As suspected in the last update , Tuesday morning’s highs have acted as local resistance for the major averages. SP-500 (5m)...
Market Update
1:47 p.m. ET The S&P trades back above $4200 and all of the averages trade near the best levels of...
Early Update
11:14 a.m. ET The market opened to mixed trade without a lot of conviction in direction or tone, but there...
Market Update
3:08 p.m. ET Yep, today’s trade looks like the consolidation needed in the Tech sector, NASDAQ-100 and Semiconductors, while the...
Intraday Update
12:54 p.m. ET Toward the end of this morning’s Early Update I showed a 3C chart of the SPY, with...
Early Update -Recession Fears Creeping In
11:50 a.m. ET The recessionary concerns are ramping up fast. First there was weak manufacturing data from China for a...
Afternoon Update
As touched on in the last post, the S&P has had a dull day, but the price action has had...
Market Update
2:00 p.m. ET Yields that rose ahead of the debt ceiling deal between Biden and McCarthy this weekend, are coming...
Early Update
11:29 a.m. ET The market had a decent, but mixed open as was apparent by index futures in pre-market with...