Category: Intraday Market Update

4:04 p.m. ET ****Amazon just reported and price is rallying. The averages continue to struggle to find support intraday as...

2:04 p.m. ET This is a follow up to the last post, NASDAQ-100 TEST. Price is testing the flag’s lower...

1:21 p.m. ET Thus far the bleeding in Meta Platforms – formerly Facebook (FB -25.9%) – may have stopped as...

11:15 a.m. ET It’s not just Meta’s (formerly Facebook) -24% price drop, after shockingly weak earnings, that are pressuring markets,...

2:57 p.m. ET The S&P and Dow have pushed to new session highs as 10 of 11 sectors now trade...

11:53 a.m. ET The morning has a more defensive tone as upside targets are tagged and technical resistance levels make...

Over the last 30 minutes or so, Communications, Tech and Consumer Discretionary have lifted higher and pushed the major averages...

2:24 p.m. ET Since early market action, Treasury yields backed off their highs in the wake of economic data this...

11:03 a.m. Yields are higher after this morning’s economic data, which put a dent in risk sentiment as it came...

2:16 p.m. ET Large-cap growth stocks are pacing the gains today as bond yields remain behaved. Small Caps are improving...

10:46 a.m. ET The averages have tacked on some gains since the cash open. Yields remaining relatively under control, and...

2:30 p.m. ET Yields are down between 1 and 3 bp as the Fed’s preferred measure of inflation came in...

11:11 a.m. ET The averages are off their worst levels of the morning. And they’re trading just under the bear...

Since the last update expecting Small Caps to test Monday’s low and the S&P, Dow to follow NASDAQ-100 and test...

1:29 p.m. ET Intraday price action remains volatile. Each of the major indices started the session up between 1.6-1.8% in...

11:06 a.m. ET As touched on in the overnight section of last night’s Daily Wrap looking at Treasury futures, yields...

The market’s response to the FOMC statement was “blah”, but hawkish during Powell’s presser. Powell is finally faced with the...

2:32 p.m. ET Not much change. Asset purchases (QE) to end in early March Start of a hiking cycle “soon”...

1:27 p.m. ET The averages have settled in to a lateral intraday range holding gains. The FOMC is up next...