Intraday Update – Averages Pull Back With Treasuries
1:24 p.m. ET Morning trade has been very constructive with a pull back in the dollar driving early strength, but...
Early Update – Constructive Start
11:14 a.m. ET Index futures had a choppy and chaotic overnight session with Treasury futures/yields. The stock market opened somewhat...
Afternoon Update
One of the catalysts behind rising UST yields and falling stocks from overnight highs was the Minneapolis Fed President Kashkari...
Intraday Update
1:42 p.m. ET The averages are in the red, most trading just above session lows, except Small Caps have made...
Early Update – Retracing Early Losses
10:40 a.m. ET Taking a look around before the open I see that the Dollar and yields are highly correlated...
Afternoon Update
Well it hasn’t turned out to be a horrible day. The Apple iPhone production cut news caused the market to...
Market Update
2:54 p.m. ET After giving back sizeable opening gains as yields rose and the 10-year yield breached the psychologically important...
Early Update – Yields Making Their Effect Felt
12:01 p.m. ET Last night when index futures were already up more than half a percent, I said I’d prefer...
Afternoon Update
The averages have been pretty much sideways in consolidation patterns around resistance levels, so from a purely price/technical view, all...
Intraday Update – Price consolidations, The Dollar and Treasuries Influence
1:42 p.m. ET The averages are sitting around last week’s highs and near intraday highs. Small Caps and NASDAQ-100 continue...
Early Update – Trading near the “W” base upper trend line, meeting resistance
11:10 a.m. ET Yields are trading around that big up trend line – a break of which is exactly what...
Afternoon Update
Quite a week, or at least a Thursday with the 5th biggest intraday reversal on record. To put that in...
Intraday Update – Consolidation Taking Shape?
2:10 p.m. ET As mentioned yesterday and earlier today, 2 of 3 internals conditions for 1-day overbought internals were very...
Early Update
11:58 a.m. ET SP-500 -1.6%, Dow -0.7% (Transport -1.3%), NASDAQ-100 -2.1%, Small Caps -1.8% Looking at price action too closely,...
Afternoon Update
3:55 p.m. ET Well it has been one heck of a day in the markets. Tonight’s post won’t be as...
Market Update – Amazing turnaround
2:57 p.m. ET A hotter-than-expected reading for the September Consumer Price Index (CPI) precipitated losses of -2.4%, -3.2%, and -1.9%...
Early Update – Pretty Amazing Resilience and Rebound in Stocks.
12:24 p.m. ET The market is showing some surprising resilience in the face of a horrible CPI (inflation) reading. This...
Breaking Down the CPI – Inflation Moves From Goods To Services
10:40 a.m. ET I recall the days when CPI reports were about as bland as the weekly Initial Claims, but...
Afternoon Update
In summary, it’s been a dull, low conviction day of trade. That low conviction ahead of the FOMC minutes release...
Quick follow-up to FOMC Minutes Post
2:41 p.m. ET This is a quick follow-up to the post out just minutes ago, FOMC Minutes As soon as...