Early Update – Ugly Start to the Month and Very Challenging Conditions
10:51 a.m. ET Pre-market economic data showed continuing jobless claims hitting a 5 month high, but Q2 productivity unit labor...
Afternoon Update
3:37 p.m. ET The averages have been trading in fairly narrow ranges most of the day. However they did just...
Market Update – Change in Tone Ahead of Payrolls?
1:078 p.m. ET The stock market opened with decent gains. The NASDAQ leads its peers with a +0.8% gain while...
Afternoon Update
3:53 p.m. ET The averages have pretty much been in a zone of lateral chop since just after 11 a.m.,...
Intraday Update
2:39 p.m. ET SP-500 -1.3%, Dow -1.1% (Transports -1.6%), NASDAQ-100 -1.5%, Small Caps -1.6%) As price is nearing a test...
Early Update – Geopolitical Risk Sends Stocks and Bonds Lower
11:16 a.m. ET The August Consumer Confidence reading was 103.2 (consensus 97.4) after the prior revised reading of 95.3 (from...
Afternoon Update
What financial media would call a low conviction, narrow range, I’ve been identifying since futures opened Sunday, as a small...
Intraday Market Update
2:27 p.m. ET The averages were just near session highs in a low conviction day of price action thus far....
Early Update – Rubber Meets the Road for the Flags
11:15 a.m. ET The market posted 1-day oversold internal conditions and oversold breadth on Friday, but due to weak closing...
Afternoon Update
The PCE index this morning showed a modest moderation in inflationary pressures (confirming the CPI, PPI and Copper-Gold ratio), but...
Intraday Market Update
1:26 p.m. ET As I’ll cover in the Afternoon Update (I’m jotting some thoughts for it down now), my impression...
Market Update – Powell Speaks
11:28 a.m. ET The stock market opened on a softer note ahead of Fed Chair Powell’s speech. The stock market...
Market Update – More Confirmation of the Larger Bull Flags
1:39 p.m. ET The stock market has modest gains thus far amid fairly broad buying interest. SP-500 +0.7%, Dow +0.25%...
Early Update
11:26 a.m. ET The averages that either tend to lead, or contain the influentially weighted stocks (Transports, Small Caps and...
Intraday Update
2:32 p.m. ET The stock market has a positive disposition today, attempting to snap a three-session losing streak. Rising Treasury...
Early Update
11:09 a.m ET The averages’ larger bull flag trend lines are holding up with some signs of improvement. Like much...
Afternoon Update
It’s been a pretty quiet day so there’s not much to add to today’s posts. The key one, the Early...
Market Update
1:37 p.m. ET The stock market hasn’t moved that much in either direction thus far in the session, but as...
Early Update – Poor Economic Data Shifts Outlook
11:07 a.m. ET We have an interesting change in tone, if not so much huge moves in price, and it’s...
Afternoon Update
The averages appear to be headed off the lows of the day into the close, but it’s not a big...