Category: Intraday Market Update

The SPX and DJIA sit just below their flat lines ahead of the close, while the tech heavy NASDAQ and...

1:35 p.m. ET   Bitcoin’s relative performance continues to lead risk sentiment; dumping into the US cash open. (1m) Bitcoin...

3:24 p.m. ET Obviously there are tactical leading signals that I’d like to see provide stronger signals. Many of those...

2:10 p.m. ET From last night’s Daily Wrap’s Summary section: ” I’ve long said that cyclicals on their own, do not...

There’s a little profit taking or in the S&P’s case, signs of resistance, as we near the close. SPY (1M)...

Two competing narratives are duking it out with a bit of overlap: Procyclicals (energy, financials, small-caps) and defensives (utilities, staples)...

I think it’s safe to say that the Fed’s rate cut was more dovish than expected. The reaction is dovish...

The Fe cut by 25 bps to a corridor of 3.50% to 3.75% as expected,  and said it will begin...

1:05 p.m. ET The gap between the S&P and 10-yr Treasury futures is wide; at least as wide as it...

1:50 p.m. ET The day has the typical feel of the FOMC drift. A majority of sectors are higher, as...

The corporate news since Friday is simply off the chain. However, outside of specific stock-related moves the main driving factor...

1:57 p.m. ET There’s a lot of news in numerous stocks, but the key development is tightening of financial conditions...

About 45 minutes before the close, the SPX is a third of a percent higher for the week as compared...

1:30 p.m. ET PCE came in as expected. The PCE Price Index was up 0.3% month-over-month, as expected, and the...

I posted this chart (S&P futures vs. 10-yr Treasury futures) last night. I hoped it made sense. From the strategic...

1:21 p.m. ET The day is mixed with a neutral feel thus far, but one that keeps the averages in...

SPX (1m inverted) and VVIX   There’s one more Volatility ETF with 3C turning positive on the short-term tactical timeframes,...

1:50 p.m. ET We have more of the day-to-day rotation where one group is the worst performing one day and...

Bitcoin supports risk sentiment, while the Japanese Yen tempers it. In the meantime, yesterday’s afternoon rotation– selling cyclicals and accumulating...

The major averages are set to move back toward session lows with a bearish consolidation this afternoon. SPX (1m) The...