Intraday Update
2:10 p.m. ET The stock market is up for the third straight day, but the gains are relatively small compared...
Early Update -Consolidation
11:29 a.m. ET S&P futures have been consolidating the 2-day rally overnight in a typical small bull flag. At the...
Afternoon Update
This will be brief. Stocks rebounded as Powell struck a dovish tone – not to mention the Fed’s rate hike...
Powell Speaks and Many Knee-Jerks Fade
3:09 p.m. ET As suspected, Powell is taking an optimistic tone and walking back some of the knee jerk reactions...
FOMC Update
2:33 p.m. ET The Fed raised the target rate to 0.25% to 0.5% (25 bp as expected). Not surprisingly as...
Intraday Update – SPX $4300 on the Radar
1:04 p.m. ET SP-500 +1.3%, Dow +0.9% (Transports +3.3%), NASDAQ-100 +2%, Small Caps +2.2% The earlier ceasefire negotiations reported by...
Early Update – Measured Move Upside Equity Targets Easily Fulfilled
11:14 a.m. ET In yesterday’s Afternoon Update I said I thought the averages had another at least +1% of follow-through...
Market Update – Consolidation Breaking Out
As of the last update it looked like the averages were entering a consolidation phase intraday, now they’re coming out...
Intraday Update
12:48 p.m. ET Stocks experienced a little speed bump intraday as Russia’s Putin told European Council President Charles Michel that...
Early Update -Lower Yields and Oil Support Rebound
11:16 a.m. ET The major indices begin the session on a higher note, helped by weaker oil prices (-8.65%) and...
Afternoon Update
Just a quick addendum to the last post. The averages started coming off session lows (soaring yields have been putting...
Intraday Update
3:03 p.m. ET Stocks have fallen to lows once more in the last half hour, the Dow Jones Industrial Average,...
Intraday Update -Barclays Suspends Sales/Issuance of Equity & Oil Volatility ETN’s.
1:31 p.m. ET This year keeps getting more and more interesting in unexpected and surprising ways. Stocks hit session highs...
Early Update
11:04 a.m. ET Apologies for no A.M. Update. I have a friend and near family member (and contributor to Chris...
Afternoon Update
Indices faded positive starts, which saw gains between 0.7% (S&P 500) and 1.0% (Dow) and have traded lower since. As...
Intraday Market Update
1:59 p.m. ET The S&P is increasingly range bound between $4200 and $4300. Dow is best, while the mega-caps of...
Early Update
10:58 a.m. ET It’s another volatile start for the averages, fading early and overnight gains due to the same reactionary...
Afternoon Update
The averages are down from -0.2% (Dow and Small Caps) to -1% (NASDAQ-100) with Transports (+1.25%) displaying relative strength. Although...
Market Update
2:11 p.m. ET As the S&P-500 holds the January 24th low (support) conditions seem to be improving a bit, partly...
Intraday Update – S&P Testing January Low
12:50 p.m. ET The S&P is testing potential support at the January low. Technology remains a serious drag on the...