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...
Early Update -Consolidation Continues
10:52 a.m. ET Some of the CPI gains in futures (relief it wasn’t as bad as the whisper number) are...
A.M. Update -CPI
CPI came in about as expected, but still at the fastest pace of inflation since 1982, and showed evidence of...
Intraday Update
2:45 p.m. ET As mentioned in the last update, on a short term tactical basis I’m feeling more neutral on...
Early Update – Profit Taking
11:07 a.m. ET This looks like the profit taking expected with most averages filling their gaps and what could be...
Market Update
2:47 p.m. ET The large-cap indices are cooling off from a two-day rally, while the small-cap Russell 2000 keeps moving...
Mixed Market
10:34 a.m. ET Briefly, the averages are losing momentum as suspected in a mixed start. Futures initially surged on Pfizer...
Afternoon Update
As mentioned in the last update, the Dow filled the post-Thanksgiving Gap. The S&P came within a fraction of doing...
Market Update – Dow Fills Gap
1:46 p.m. ET Well that didn’t take long. While the NASDAQ-100 and small Caps are the best performing today, yesterday...
Early Update -Strong Follow Through and Rotation
10:40 a.m. ET Receding Omicron fears and a second shot of Chinese stimulus in the market’s arm are extending the...
Afternoon Update
Coming into this week I was looking for an oversold bounce in a fairly narrow window before the mid-December FOMC....
Early Update
11:09 a.m. ET The market action so far this morning is very much along the lines of an oversold rebound...
Afternoon Update
It hasn’t been a good week for stocks in tone. In price action it hasn’t been that bad with the...
NASDAQ-100 Testing 50-Day
2:02 p.m. ET SP-500 -1.5%, Dow -0.75% (Dow Transports -0.3%), NASDAQ-100 -2.6%, Small Caps -2.4% NASDAQ-100 is testing its 50-day...
Early Update
10:50 a.m. ET Stocks slid into the cash open, initially higher with 10 sectors green, things have turned down, executing...
Market Update
1:50 p.m. ET After the worst 2-day sell-off in more than a year, the S&P 500 is in a rebound...
Early Update – Instituional Selling? Second Omicron Case in U.S.
11:05 a.m. ET A second case of Omicron was identified in Minnesota shortly after the open that sent stocks, bond...
A.M. Update
Last night S&P futures were up a half percent, but it was in the context of a bearish consolidation. This...