Intraday Update -SPY’s 3C Leading
1:27 p.m. ET It’s been an ugly session again, but the S&P 500 tested the 3,900 level, where it found...
Early Update – Ugly Start to the Month and Very Challenging Conditions
10:51 a.m. ET Pre-market economic data showed continuing jobless claims hitting a 5 month high, but Q2 productivity unit labor...
Afternoon Update
3:37 p.m. ET The averages have been trading in fairly narrow ranges most of the day. However they did just...
Market Update – Change in Tone Ahead of Payrolls?
1:078 p.m. ET The stock market opened with decent gains. The NASDAQ leads its peers with a +0.8% gain while...
Afternoon Update
3:53 p.m. ET The averages have pretty much been in a zone of lateral chop since just after 11 a.m.,...
Intraday Update
2:39 p.m. ET SP-500 -1.3%, Dow -1.1% (Transports -1.6%), NASDAQ-100 -1.5%, Small Caps -1.6%) As price is nearing a test...
Early Update – Geopolitical Risk Sends Stocks and Bonds Lower
11:16 a.m. ET The August Consumer Confidence reading was 103.2 (consensus 97.4) after the prior revised reading of 95.3 (from...
Afternoon Update
What financial media would call a low conviction, narrow range, I’ve been identifying since futures opened Sunday, as a small...
Intraday Market Update
2:27 p.m. ET The averages were just near session highs in a low conviction day of price action thus far....
Early Update – Rubber Meets the Road for the Flags
11:15 a.m. ET The market posted 1-day oversold internal conditions and oversold breadth on Friday, but due to weak closing...
Afternoon Update
The PCE index this morning showed a modest moderation in inflationary pressures (confirming the CPI, PPI and Copper-Gold ratio), but...
Intraday Market Update
1:26 p.m. ET As I’ll cover in the Afternoon Update (I’m jotting some thoughts for it down now), my impression...
Market Update – Powell Speaks
11:28 a.m. ET The stock market opened on a softer note ahead of Fed Chair Powell’s speech. The stock market...
Market Update – More Confirmation of the Larger Bull Flags
1:39 p.m. ET The stock market has modest gains thus far amid fairly broad buying interest. SP-500 +0.7%, Dow +0.25%...
Early Update
11:26 a.m. ET The averages that either tend to lead, or contain the influentially weighted stocks (Transports, Small Caps and...
Intraday Update
2:32 p.m. ET The stock market has a positive disposition today, attempting to snap a three-session losing streak. Rising Treasury...
Early Update
11:09 a.m ET The averages’ larger bull flag trend lines are holding up with some signs of improvement. Like much...
Afternoon Update
It’s been a pretty quiet day so there’s not much to add to today’s posts. The key one, the Early...
Market Update
1:37 p.m. ET The stock market hasn’t moved that much in either direction thus far in the session, but as...
Early Update – Poor Economic Data Shifts Outlook
11:07 a.m. ET We have an interesting change in tone, if not so much huge moves in price, and it’s...