Pre-FOMC Minutes Update
1:20 p.m. ET The preference for value over growth stocks is accelerating or widening as yields revere to trade a...
Early Update – Pause
10:45 a.m. ET The open carries over the mixed tone with Dow and NASDAQ-100 on either end of the spectrum,...
Afternoon Update
As the last post covered, there’s a chance we’re seeing some false / failed breakouts, which are often followed by...
Failed Breakouts in the Works?
1:47 p.m. ET SP-500 -0.3%, Dow +0.55%, NASDAQ-100 -1.9%, Small Caps -0.3% Yesterday I wrote, “An ideal short sale set-up...
Early Update
10:58 a.m. ET The ISM Manufacturing Index for December decelerated and decreased to 58.7% (consensus 60.3%) from an unrevised 61.1%...
Afternoon Update
There aren’t any changes of note from the last update. The averages remain in bullish consolidations for the most part...
Market Update -HYG Divergence
2:51 p.m. ET On the surface of things the averages are doing fine at the moment and continue to trade...
Early Update -Rising Yields and Weak Manufacturing Data
11:33 a.m. ET Stocks started the week off on a positive note, trading higher with Europe despite sharply higher yields,...
Afternoon Update
From the Afternoon Update of Friday December 17th, “We’ll head into next week with market breadth oscillators near oversold levels...
Market Update
1:37 p.m. ET Market tone is weakening a bit. After 11 S&P 500 sectors were trading higher, five have slipped...
Early Update
10:40 a.m. ET The averages are trading higher on no specific catalyst other than the seasonal Santa Claus rally period...
Afternoon Update
Today has been one of the dullest days for stocks in recent memory, so I haven’t wanted to bother you...
Market Update -Dull EquityMarket
11:27 a.m. ET The averages are mixed and little changed in a sleepy session, much along the lines of lateral...
Afternoon Update
Yesterday HY credit and some building relative strength in volatility, taken with weaker afternoon/overnight index futures’ 3C charts suggested the...
Early Update – Small Caps Tag Target Credit Gets Uglier
11:23 a.m. ET As suspected yesterday afternoon, “at present I can envision a scenario in which the leaders today start...
Intraday Pivot/High
3:16 p.m. ET Maybe it’s coincidence, maybe just some end of day profit taking by traders, but it’s interesting how...
Intraday Update – High Yield Credit Divergence
2:26 p.m. ET Mega-caps continue to lead the market higher in holiday diminishing volume. Small Caps are starting to display...
Market Update -Mega-Caps Extend the Santa Rally
11:38 a.m. ET The week is off to a decent start with the mega-caps providing influential support. On a side...
Afternoon Update
Not too surprisingly given seasonal dynamics and the fact that investors love a strong positive close in front of a...
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...