Category: Intraday Market Update

3:01 p.m. ET The S&P and Nasdaq-100 are headed for a test of Friday’s intraday low… SPX (10m) And that’s...

1:23 p.m. ET My takeaway from last week’s action heading into this week was that technical support would hold, but...

1:39 p.m. ET The SPX and NDX are testing the 50-day SMA for the second time in a week. Price...

The S&P is putting up a fight at the bottom of the gap (potential support)… (10m) 3C doesn’t look much...

1:59 p.m. ET A new Bloomberg report on Wednesday, citing data from Fitch Ratings, showed that delinquency rates on subprime auto loans surged...

12:10 p.m. ET The Mega-caps are down again as the broader market sees weaker participation than previous sessions. This comes...

We’re headed for a mostly flat/mixed close, with the exception of the DJIA. The 3C charts in the last post...

2:41 p.m. ET The S&P is flat as AI and data stocks slide. Palantir Technologies (PLTR  -4.8%), Oracle (ORCL -3.7%), and...

12:55 p.m. ET It’s been an interesting start to the day. Overnight and premarket futures action suggested another daily rotation,...

3:06 p.m. ET The day’s tone is little changed and relatively quiet at the index level, beyond health care driven...

1:12 p.m. ET Market action today is something of a flip-flop, but also in-line with yesterday’s moderate 1-day overbought internals....

S&P futures are down 0.25% and NASDAQ futures are down 0.5%. The Senate passed its funding bill, and the House...

The three mega cap heavy sectors continue to provide the lionshare of leadership, but participation has improved since the open...

1:18 p.m. ET The averages hit a bunch of technical levels on Friday, but what a difference a weekend makes....

This week has led to quite a reversal in mega cap and large cap tech stocks. SPX/MAGS normalized on the...

1:40 p.m. ET Friday is seeing continued weakness in mega cap and growth stocks. Both the S&P and Nasdaq-100 are...

As OpenAI is perceived as seeking government guarantees, Altman is furiously backpedaling today. The post is so long I’ll quote...

1:58 p.m. ET   Yesterday’s internals were 1-day overbought, still I was looking for another day of two of consolidation...

Two central themes emerged from Wednesday’s Daily Wrap Summary analysis: AI and the detiorating state of the consumer, both of...

Thus far today’s market dynamics are identical to 1-day oversold. I see no reason that it doesn’t lead to a...