Very Dull, Place-Holder Session; Gold Record High
2:40 p.m. ET Today’s session is slightly positive, but lackluster to say the least. I realized that in the A.M....
Afternoon Update – NASDAQ $19,500 Test
Large-cap Tech is driving market gains, so the Nasdaq-100 is the key index right now (Small Caps were a month...
Market Update – The Market Has The Data It Wanted. Let’s See What It Does with It.
12:36 p.m. ET The U.S, market really couldn’t ask for better data this week, supporting the soft-landing scenario: Inflation coming...
Intraday Update – Tech Very Fluid
3:10 p.m. ET Parts of the market remain fluid. Those parts are largely mega caps, semis and the Technology sector....
Early Update – Fluid Start For Tech
12:16 p.m. ET This morning has been another dynamic start to the day with the 3 mega-cap heavy sectors initially...
Afternoon Update
The last 2.5 hours have seen the averages trade mostly sideways after strong early gains. We still have 10 of...
Market Update – Investors Go With What They Know As Oversold Conditions Are Worked Off
1:25 p.m. ET Sorry this is out so late. There’s a lot to cover and the market has been fast...
Afternoon Update
Today has been a sloppy session. SPX (15m) in context with today highlighted yellow. Here’s a closer look just of...
Market Update – On the Way To A Test? And Then…
1:50 p.m. ET The Dollar-Yen’s gains — thus index futures related gains– to start the new week are the result...
Afternoon Update
Earlier today it seemed like today was going to be a relatively dull day (compared to the rest of the...
Early Update – A Tired Market, But Something To Watch
11:55 a.m. ET It’s a pretty slow day comparatively vs. the rest of the week. Part of that seems to...
Afternoon Update
This will be quick. Today was a decent day for the market, but in terms of exiting consolidation (either way),...
Intraday Update
2:27 p.m. ET SP-500 +2.4%, Dow +1.8% (Transports +1.6%), NASDAQ-100 +3.1%, Small Caps +2.2% So far it’s been a less...
Early Update
11:13 a.m. ET SP-500 +1.6%, Dow +1.3%, (Transports +1.3%), NASDAQ-100 +2%, Small Caps +1.6% The market is off to a...
Afternoon Update
It looks like the 1-day overbought internals signal from yesterday worked again. I really do favor a true test of...
$5150 Test Coming Up?
2:42 p.m. ET It sure looks like it. SPX (5m)...
Early Update – Strong Start, But Fading
11:53 a.m. ET Quite frankly, given how influential the carry trade unwind has been, I’m a little surprised this morning...
Averages Coming Off The Highs. Can You Guess Why?
As we head in to the close, the averages are coming off the highs… SPX (2m) NDX (2m) In the...
Important Market Update
1:34 p.m. ET I’ve been catching up with flow reports this morning and discovered that yesterday, hedge funds bought the...
Afternoon Update – SPX $5255 CTA Trigger
My estimated measured move for the SPX was $5150, which was hit this morning. We have a deeply oversold market...