Early Update – Yields Resume Surge – Stocks Sink
10:51 a.m. ET From Friday’s Afternoon Update, “If we break above 1.80% on the 10-year, then stocks are likely to...
Afternoon Update
So far the S&P’s test of the morning lows amid oversold conditions, has held, despite yields climbing fairly sharply. JPMorgan...
Intraday Update – Testing
2:11 p.m. ET Finally we’re getting the S&P test of the morning lows alluded to in the last update after...
Early Update – Yields Higher
11:10 a.m. ET The averages are off their worst levels of the morning, but it looks likely the morning lows...
Intraday Update
2:46 p.m. ET As of the last update the averages were trading just off session low and several near moving...
Market Update
1:08 p.m. ET Things have gone from dull to worse as Technology initially dragged the market lower, but this isn’t...
Early Update – Stocks Struggling to Gain Traction
11:03 a.m. ET Yesterday we saw the averages start losing rebound momentum. The morning’s opening tone is a continuation of...
Afternoon Update
I’ll keep this brief as there hasn’t been any notable change since the last update. The averages are losing some...
Intraday Update
1:16 p.m. ET Despite a robust CPI, bond yields are pulling back more and as a result, the influential Tech...
Early Update Strong Start Fades
11:31 a.m. ET While at a staggering 7% (well above the Fed’s 2% target range) and a 39-year high, the...
Afternoon Update
The oversold low was in yesterday. The correction is underway today with little help from Powell. Whether that’s a bounce/rally...
Intraday Update – Powell Doing Some Damage Control
12:35 p.m. ET After the averages plunged for 5 consecutive days, it seem Powell is doing some damage control. While...
Early Update – Consolidation Phase
10:39 a.m. ET S&P futures gave back overnight gains of about a half percent heading into the cash open. They’ve...
Afternoon Update
There’s not much change since the last update. The S&P-500 has a bullish hammer candlestick just above its 100-day sma,...
Market Update – Looking More Like a Low
2:27 p.m. ET It’s looking more and more like the market is finding an oversold low. SP-500 -0.7%, Dow -0.75%,...
Market Update – Consolidation
1:24 p.m. ET SP-500 -1.25%, Dow -1.1% (Dow Transports -2.25%), NASDAQ-100 -1.5%, Small Caps -1.75% Since the averages found session...
Intraday Update – Dip Buyers
11:24 a.m. ET The averages are finding some buyers to step in. DIA (1m) and SPY lok the best intraday,...
Early Update
10:38 a.m. ET The major indices begin the cash session extending this morning and last week’s losses while Treasury yields...
Afternoon Update
The Santa rally not only ended, but was completely retraced. After setting a new record close Monday, the S&P is...
Intraday Update – Holding
1 p.m. ET The Dow, S&P and NASDAQ have all tested below various technical levels identified (moving averages, trend lines)...