Category: Intraday Market Update

12:26 p.m. ET The averages have seen a little more than an hour of pretty sustained selling. As mentioned earlier,...

10:43 a.m. ET On one hand the payrolls print rose more than expected. On the other hand the unemployment rate...

The major averages are little changed in the last half hour, still trading in what is a bearishly biased consolidation...

1:55 p.m. ET The stock market is trading with a mixed disposition after yesterday’s late afternoon retreat, but things have...

11:07 a.m. ET As posted at the end of the Early Update, Treasury futures’ 3C charts were positively diverging at...

10:11 a.m. ET The averages are following through to the downside as is often the case with the prior session...

“Beware the knee jerk reactions” We got a couple today. The first was a dovish knee jerk on the FOMC...

3:01 p.m. ET There are 2 very distinct reactions. First a dovish take on the FOMC policy statement, and the...

2:08 p.m. ET Wow, so quickly the Fed hiked by 75 bp as expected to a target range of  3.75-4%%...

1:49 p.m. ET I’ve been diligently digging through the charts and the conclusion I’ve come to is that there’s not...

11:44 a.m. ET I had two concerns for price action stemming from yesterday’s trade. The first was that the majority...

10:25 a.m. ET The market isn’t off to a great start by any means, but the averages are still holding...

In the last post I showed you this morning’s breakouts in the major averages as yields tumbled overnight, but then...

1:18 p.m ET In Monday’s Daily Wrap I mentioned that there were economic data points that “could” move yields before...

10:30 a.m. ET After yesterday’s bullish consolidations in the averages, lower yields today have caused many to breakout of yesterday’s...

3:49 p.m. ET Everything I’ve had in the last few updates is still relevant. The only real change since the...

2:19 p.m. ET A modest rise in Treasury yields is in play today which has pressured mega-caps and thus the...

11:28 a.m. ET Following up on the Early Update, yes it’s too early to get an idea of what the...

10:39 a.m. ET It appears our correction is starting the new week and final day of October, which I suspect...