Afternoon Update
Stocks ended the month of April downbeat, selling off right into the close. April wasn’t a great month to start...
Intraday Update
1:29 p.m. ET The S&P 500 is struggling with a -2.25% decline, as risk sentiment gets dialed back by disappointing...
Early Update
11:03 a.m. ET The averages are came off pre-market lows with Small Caps leading the way higher shortly after the...
Averages at Session Highs With Improving Internals and 3C charts.
1:59 p.m. ET All averages have made or are trading at new session highs, including Small Caps. There’s no doubt...
Intraday Update – Some Improving 3C charts or Buying Conviction
12:45 p.m. ET Since the last update there are numerous 3C charts displaying improvement and some buying conviction as all...
Market Update – Recession Watch
10:56 a.m. The S&P 500 is trading off early highs (+1.4%) with a current 0.3% gain. Cyclical stocks are holding...
Afternoon Update
The S&P 500 is up 0.4% to trade off prior highs (+1.6%). There just isn’t a lot of conviction in...
Intraday Update – A Couple 3C Divergences Forming
1:51 p.m. ET The S&P traded to new session highs in the last 60 minutes, but it has been a...
Early Update – Decent, but Dynamic Start
11:24 a.m. ET The averages got off to a fairly positive start, but have since faded gains and chopped around....
Afternoon Update
In the last update I observed that while holding near session lows, the charts looked very tentative given the morning’s...
Intraday Update -Struggling at Intraday Lows
1:28 p.m. ET Consumer Discretionary is testing the intraday low, although a few components like Tesla (TSLA -11%), which is...
Market Update
11:48 a.m. ET With bond yields lower (2y and 10y) by at least 8 bp and Treasury futures’ 3C charts...
Early Update – Mega-Caps Liquidated
11:05 a.m. ET The averages are off to a weak start, giving back yesterday’s gains at the open with NASDAQ’s...
Afternoon Update
It looks like the Fed going silent until the May 4th FOMC, and some growth concerns are bringing down yields...
Intraday Update- SPX $4200 Test and Off the Lows
2:14 p.m. ET After being down nearly -1.7% in early follow through downside trade, the S&P is off the lows...
Leveraged ETFs Seeing Some 3C Movement AS S&P Tests $4200
12:15 p.m. ET While the cash charts are still sloppy without a clear consentient theme, I’m seeing some movement on...
Early Update – Yields Are Plunging & Growth Stocks Display Better Relative Performance
11:53 a.m. ET Just like Thursday’s ugly close saw follow-through selling Friday, Friday’s ugly close at session lows is seeing...
Afternoon Update- Treasuries Stabilizing
3:23 p.m. ET The stock market has been stuck on a steady decline with losses of about 2%, largely an...
Early Update – Yields Coming down
11:32 a.m. ET As expected, stocks trade lower in typical follow through-selling when a market closes at its low the...
Afternoon Update
The day has really turned ugly from a good start. The S&P has nearly given up the week’s gains just...