Intraday Market Update – Resistance/Target Zones
1:30 p.m. ET All of the averages have filled yesterday’s gaps. While price momentum is still good intraday, there are...
Early Update
11:18 a.m. ET The early bullish tone in pre-market which saw Small Caps and NASDAQ-100 with the best gains, has...
Market Update – Tentative Support
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,...
Early Update
11:14 a.m. ET Not too surprisingly given Friday’s news that New York State saw the highest number of COVID infections...
SPY 3C Chart Update
Last week I mentioned a positive divergence on the short term 3C charts for SPY that suggested to me that...
Early Update – Volatile Quad Witching
11:15 a.m. ET The averages extended the sell-off fading the bullish or dovish FOMC knee jerk reaction, and extended losses...
Afternoon Update
The averages are off the lows with some key technical levels in the area like the NADSDAQ-100’s 50-day and Small...
Market Update – Session Lows as Mega-Caps Falter
2:30 p.m. ET There’s still a lot of weirdness in the market today with a rotation to value/cyclical stocks and...
Market Update -Some Normalcy Returning
11:50 a.m. ET Today there seems to be some semblance of normality trying to peek through the veil of ridiculousness...
Afternoon Update – Surprising Reaction
As far as I can tell, just about everything out of the FOMC today was more hawkish than expected, and...
FOMC More Hawkish
As expected the Fed left the Fed funds rate steady, but the doubled the pace of taper to $30 bln...
Pre-FOMC Market Update
SP-500 -0.2%, Dow -0.15%, NASDAQ-100 -0.6%, Small Caps -0.6% The air of caution from this morning persists heading into the...
Market Update – Fairly Quiet With a Tinge of Weakness
11:14 a.m. ET Buying conviction in equities has been restrained by a deceleration in retail sales data, and in Treasuries...
Intraday Update – Volatility Coming Under Pressure
1:14 p.m. ET We’re now getting to more traditional short term oversold levels with decliners 2-to-1 over advancers and only...
Market Update – Hot PPI In Front of The FOMC
11:27 a.m. ET The averages are struggling after another hotter than expected Producer Price Index report (PPI) just a day...
Afternoon Update
Today has been a defensive session sparked b comments by UK PM Johnson as well as the British government upping...
Market Update – Short Term Inflation Expectations Soar
1:43 p.m. ET SP-500 -0.7%, Dow -0.85%, NASDAQ-100 -1.1%, Small Caps -1.9% The first market whammy was UK PM Johnson...
Early Update – Omicron Fears Resurface
11:22 a.m. ET Stocks were set for a modestly higher stat to open the week, but index futures dropped into...
Afternoon Update
Coming into this week my view was that probabilities favored an oversold rally to fill the post-Thanksgiving gaps down, and...
Market Update
2:30 p.m. ET SP-500 +0.65%, Dow +0.4%, NASDAQ-100 +0.7%, Small Caps -0.4% Touching on this morning’s CPI, inflation came in...