Category: Intraday Market Update

11:23 a.m. ET As suspected yesterday afternoon,  “at present I can envision a scenario in which the leaders today start...

3:16 p.m. ET Maybe it’s coincidence, maybe just some end of day profit taking by traders, but it’s interesting how...

2:26 p.m. ET Mega-caps continue to lead the market higher in holiday diminishing volume. Small Caps are starting to display...

11:38 a.m. ET The week is off to a decent start with the mega-caps providing influential support. On a side...

12:33 p.m. ET The S&P is trading right where it was rejected last week, but just shy of where it...

10:43 a.m. ET The benchmark S&P index came into the week down a 3rd day and 3% over the 3-day...

2:41 p.m. ET All in all it’s a pretty quiet day moving as expected, fulfilling upside targets from yesterday’s oversold...

11:05 a.m. ET The averages had been in a fairly dull consolidation mode this morning with the averages trading from...

The averages are losing some momentum as 3C charts suggested in the last post. SPY (1m) I suspect this is...

1:30 p.m. ET All of the averages have filled yesterday’s gaps. While price momentum is still good intraday, there are...

11:18 a.m. ET The early bullish tone in pre-market which saw Small Caps and NASDAQ-100 with the best gains, has...

2:19 p.m. ET SP-500 -1.25%, Dow -1.4%, NASDAQ-100 -1.1%, Small Caps -1.8% I wouldn’t quite call this buying the dip,...

11:14 a.m. ET Not too surprisingly given Friday’s news that New York State saw the highest number of COVID infections...

11:15 a.m. ET The averages extended the sell-off fading the bullish or dovish FOMC knee jerk reaction, and extended losses...

The averages are off the lows with some key technical levels in the area like the NADSDAQ-100’s 50-day and Small...

2:30 p.m. ET There’s still a lot of weirdness in the market today with a rotation to value/cyclical stocks and...

11:50 a.m. ET Today there seems to be some semblance of normality trying to peek through the veil of ridiculousness...