Intraday Update – S&P-500
12:33 p.m. ET The S&P is trading right where it was rejected last week, but just shy of where it...
Early Update -S&P Testing $4700 Area
10:43 a.m. ET The benchmark S&P index came into the week down a 3rd day and 3% over the 3-day...
Afternoon Update
The market is acting just as expected from last Friday’s Afternoon Update- that’s to say an deep oversold market bounce...
Intraday Update
2:41 p.m. ET All in all it’s a pretty quiet day moving as expected, fulfilling upside targets from yesterday’s oversold...
Market Update – Tagging Targets
11:05 a.m. ET The averages had been in a fairly dull consolidation mode this morning with the averages trading from...
Afternoon Update
The averages are losing some momentum as 3C charts suggested in the last post. SPY (1m) I suspect this is...
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...