Afternoon Update – Rotation: Mega-Caps and Semis Out, Small Caps and Value In
The stock market is in rally-mode following a cooler-than-expected Consumer Price Index for June. Advancers have an 11-to-2 lead over...
Early Update – Mega-Caps Crushed, Value Stocks and Small Caps Soar
12:06 p.m. ET The market is moving fast so I tried to put up the most recent charts, but some...
Afternoon Update
Price action and 3C confirmation have been pretty solid today, so either market participants suddenly aren’t tentative in front of...
ABI Below 9
1:15 p.m. ET We saw quite a few ABI signals in 2021, and Q1 of 2022 (which was heading into...
Early Update -ABI Below 10
11:41 a.m. ET Since the market has been very fluid intraday all this week, I’m going to write this post...
Afternoon Update
It looks like most of the averages are going to close with another small bodied Star candle on their daily...
Market Update – Fluid Markets
2:39 p.m. ET Like yesterday, the market is fluid today, moving from favoring Mega-Caps and Semis this morning, to favoring...
Early Update – Market Not Too Pleased with Powell’s Lack of Rate Cut Timing Clarity
11:42 a.m. ET Powell is still testifying before the Senate. Rates have moved higher since he began and we’ve seen...
Link to Chair Powell’s Senate Testimony
Powell testifies before the Senate Banking Committee at 10 a.m ET. Here’s the link, or you can watch it below....
Afternoon Update
All of the majors are headed into the close pretty much flat on the day. Semis, that have seen some...
Early Update – Early Short Covering Fades, Fluid, But Not Volatile Action
12:41 a.m. ET This morning has been fluid, although not a very volatile morning. Cyclicals, Value and Small Caps started...
Market Update – Volatility Acting Up Again
2:41 p.m. ET The S&P and NASDAQ-100 are being propelled further into record territory by the mega-caps, while the DJIA...
Early Update – Payrolls Unemployment Rate Triggers Recession Warning; Mega Caps Save The Session
11:59 a.m. ET This morning’s U3 (U3 rate measures the percentage of the civilian labor force that is jobless, actively...
Early Update
11:22 a.m. ET The stock market closes early at 1:00 p.m. ET. The Treasury market will close at 2:00 p.m....
Afternoon Update
The S&P is testing near the $5500 level and NDX near the $20k level where we’ve seen some recent selling....
Early Update – Flat Markets
12:12 p.m. ET The market isn’t moving a whole lot today, as has been the case recently, although lower yields...
Afternoon Update – Crude Breaks Out
The day is a bit on the dull side, but I’ll say that mega-cap strength is interesting given a 14...
Early Update
12:48 p.m. ET It’s been a fluid open with mega-caps initially underperforming the broader market, but they’ve since recovered, despite...
Afternoon Update
The last day of the second quarter started with a bit of a bang but ultimately ended with a whimper....
Intraday Update
3:15 p.m. ET PCE was market friendly, but apparently not that much of a surprise to move the needle. All...