Early Update
10:56 a.m. ET The stock market opened decidedly lower with the main indices all down at least 1.0%. SP-500 -1.75%,...
Afternoon Update
As of last Friday’s Afternoon Update, my view was that we’d see the market averages consolidate/correct this week. Early in...
Important Market Update – Going As Expected
12:57 p.m. ET Sorry this post has taken a while, but there’s a lot to cover and I’ve needed to...
Afternoon Update
As of the last post at the end I mentioned it looked like the averages were going to make another...
Market Update – Respecting Boundaries
2:10 p.m. ET SP-500 +0.1%, Dow -0.15% (Transports +0.6%), NASDAQ-100 +0.4%, Small Caps +0.4% Well with a post title like...
Early Update – Flags Still In Place
12:01 p.m. ET The averages are mixed and little changed, mostly in the middle area of the range of yesterday’s...
Afternoon Update – Bull Flags Taking Early Shape
3:54 p.m. ET Notice that Small Caps and Transports are the worst performer, each tend to lead the market. However,...
DOVISH Fed Minutes
2:20 p.m. ET First as mentioned in the last post, the U.S. Dollar is a good proxy for the market’s...
Intraday Update
12:52 p.m. ET Well here’s an interesting twist, suddenly we’re getting some buyers stepping in… SPY (1m) QQQ (1m) There’s...
Early Update – The Correction/Consolidation Has Started
10:55 a.m. ET The stock market opened decidedly weaker with the NASDAQ, Transports and Small Caps lagging their peers. There’s a...
Afternoon Update – I think that’s it
3:27 p.m. ET Unbelievably the S&P-500 rallied up as much as +0.65%, nearly touched the 200-day at $4326.14, with an...
Intraday Update – S&P On the Way to 200-Day
12:51 p.m. ET Well, here we go. S&P futures have broken out of the overnight bull flag to trade higher,...
Early Update
11:07 a.m. ET We had a bunch of bullish flag consolidation overnight. I highlighted S&P futures’ consolidation in the A.M....
Afternoon Update
The averages aren’t up huge today by any means, but they’ve been resilient to say the least and intraday price...
Intraday Update – Resilient Price Action
12:20 p.m. ET Oh my, the market just doesn’t want to come down. Index futures started with a clear negative...
Early Update – Start of Correction?
10:46 a.m. ET The stock market opened decidedly lower on the heels of weaker-than-expected economic data out of China, which...
Afternoon Update
The key and most important developments this week were the CPI and PPI reports (the former more meaningful than the...
Intraday Update – New Session Highs
3:00 p.m. ET It looks like we’re going to end another green week on a strong note judging by current...
Intraday Update
12:02 p.m. ET The averages just recently hit new session highs, but that’s not altering my view of a consolidation...
Early Update – Consolidation Phase
10:46 a.m. ET While most of the averages are up with NASDAQ-100 leading the way, it appears the consolidation phase...