Market Update
1:03 p.m. ET The averages are doing well, all green and the right averages are outperforming, such as Transports that...
Early Update – Strong Start
10:29 a.m. ET The US economy slowed even more than expected, with Q1 GDP contracting -1.5%, up from the -1.4%...
Afternoon Brief
I am going to keep his brief because there are only two notable developments from the last update. The first...
Intraday Update – Positive Action
3:11 p.m. ET SP-500 +1.4%, Dow +1% (Transports +1.7%), NASDAQ-100 +2.15%, Small Caps +2.4% VIX has seen weakness since the...
FOMC Minutes
2:30 p.m. ET The market is knee-jerking as it asses the FOMC Minutes from the May meeting. I have some...
Market Update – Awaiting the Minutes
1:32 p.m. ET The averages have backed down a bit from intraday highs as we near the FOMC minutes release...
Early Update – Rapidly Improving Tone Since the Open
11:23 a.m. ET The market has seen some notable improvement since the cash open. Recall yesterday there was a huge...
Afternoon Update
*Writing this post things have changed so fat, like Friday, you’ll see some changes in real time as I wrote...
Dow – Quick Look
2:26 p.m. ET I wanted to give you a quick look at the Dow, which has had the strongest short...
Rate Hike Expectations Slipping
1:45 p.m. ET Strikingly, the 2-year yield, which is more sensitive to changes in the fed funds rate, has been...
Intraday Update – Finding a Low
12:12 p.m. ET A few things have happened since the Early Update and it looks as if the averages have...
Early Update
11:20 a.m. ET The averages are having a worse cash morning than pre-market with the additional news since the A.M....
Intraday Update – Final Hour of Trade
3:07 p.m. ET SP-500 +1.8%, Dow +2.05% (Transports +2.1%), NASDAQ-100 +1.45%, Small Caps +1.4% As of the last update I...
Session Highs
1:06 p.m. ET All of the major averages have made new session highs since the Early Update and noon. Additionally,...
Early Update
10:56 a.m. ET S&P and Dow lead. NASDAQ sees to be feeling some pressure from higher yields, while small caps...
Market Update
2:2 p.m. ET HYG was signalling a change in character because shortly after its divergence the averages bounced off session...
Intraday Update – Change in Character
1:32 p.m. ET I’m seeing a change in character in several key mega-cap stocks (Alphabet) and HY credit (HYG). HYG...
Testing
The averages had a clean break from the bearish price consolidations and promptly tested last week’s low. S&P is just...
Here Comes the Test
11:15 a.m. ET Despite a strong start with index futures trading up over 1% this morning they did not break...
Early Update
10:50 a.m. ET The averages have been steadily losing ground since the cash open. There are a number of decent...