Market Update – Hawkish Fed Speak
1:01 p.m. ET A subscriber asked me a question earlier, the gist of which was whether Fed chair Jay Powell...
Early Update – Filling Out the Broader Consolidations
10:48 a.m. ET he major averages are filling out those wider consolidations (bullish bias) seen developing toward the end of...
Early Update – Interesting Development- Larger Bullish Consolidations
10:59 a.m. ET I didn’t expect to see much from the market today, but there is something to see. If...
Afternoon Update
3:49 p.m. ET With the market closed in the U.S. for Thanksgiving, this is going to be my last post...
FOMC Minutes Update
2:24 p.m. ET The initial take on the minutes from the last FOMC are on the dovish side sending the...
Pre-FOMC Minutes Update
1:51 p.m. ET As suspected in the Early Update, the averages pulled back ahead o the uncertainty of the FOMC...
Early Update – PMI’s Come in Contractionary, Yields Fall, Mega-Caps Lead
11:18 a.m. ET Stocks jumped at the cash open an upon contractionary U.S. flash PMI’s. Manufacturing PMI came in at...
Market Update – Mega-Caps performing better as yields decline
3:10 p.m. ET The 10-year yield is down -6 bp and the U.S. Dollar Index is down -0.55%. Both are...
Early Update
10:36 a.m. ET Not a bad start and we have a couple averages starting to breakout out of bull flags....
Intraday Update
3:16 p.m. ET A few things have happened intraday since the Early Update, but none of much consequence with regard...
Early Update – Dull Start to The Holiday Shortened Week
10:57 a.m. ET The stock market kicks off this holiday shortened week on a mixed note with modest percent changes...
Afternoon Update
We’re getting pretty close to the close. The averages are still well within those bullishly biased flag consolidations so I...
Early Update – Bullish Consolidations Taking Clearer Shape
11:04 a.m. ET The bullish consolidations expected from the end of last week and covered in the weekend video update,...
Afternoon Update
The averages have some down a bit since the last update, but we may finally be seeing some price structure...
Intraday Market Update – Rebounding
1:47 p.m. ET The way today is developing is a good reminder to never panic at short term events, rely...
Early Update – Bullard Mic Drop Moment
10:57 A.M. It’s almost comical at this point to watch the good-cop, bad cop routine from Fed officials. For instance...
Afternoon Update
The price action of the market is consolidative/corrective. Thus far all the levels I expected to see hold, are holding...
Market Update
2:20 p.m. ET There is very little change in the market since the Early Update, except in one area –...
Early Update
11:38 a.m. ET It looks like we may be getting that correction/consolidation. In truth it’s looked that way on e...
A.M. Update
S&P futures are down -0.3%, about the same as last night. Target (TGT) is down double-digits in premarket action, disappointed...