Afternoon Update
I usually have quite a lot to pack into this Friday post, but I think I got most of it...
Market Update – Heading for Measured move
2:44 p.m. ET Most of the averages are down the same suggesting simply broad-across the board deleveraging, but Small Caps...
Early Update
11:45 a.m. ET This is still a fast moving market with rapidly shifting dynamics so I’ll get whatever charts I...
Afternoon Update
The averages were coming up heading into the close, they’ve backed down a bit in the last few minutes. I...
Intraday Update – Consolidation (Bearish Bias)
2:37 p.m. ET There’s quite a discrepancy in the averages today vs. yesterday with Dow Transports and Small Caps very...
Early Update – Initial Claims Send Yields Spiking, Stocks Dropping
11:14 a.m. ET Yields came off overnight highs, but ramped back up into the cash open and since then with...
Afternoon Update
There’s a lot to take in here between the Fed’s SEP and Powell’s comments and market signals, some are yet...
FOMC – Hawkish
2:37 p.m. ET The Fed hiked by 75 bp as the market widely expected (94 of 96 economists expected a...
Pre-FOMC Update
1:54 p.m. ET The stock market has a positive disposition today. The major indices opened to modest gains and pushed...
Early Update
11:36 a.m. ET The averages all have similar percentage gains in what again is a low conviction consolidation theme since...
Intraday Update
2:57 p.m. ET Since the last update with mega-caps leading a rebound attempt, the averages have sunk to new session...
Market Update and 3C Chart Updates
12:25 p.m. ET There’s been quite a bit of movement and shifting in tone since the cash open. I’ve had...
Afternoon Update – New Session Highs
Friday’s closing (daily) hammer candlestick suggested a short-term low (after last week’s post CPI decline) was in place, and the...
Intraday Update
2:24 p.m. ET The stock market opened to follow-through selling from Sunday’s futures open with the major indices sliding between...
Early Update – Measured Move Magnetism
11:08 a.m. ET It’s pretty amazing how once you understand a concept about price action, you see it play out...
Afternoon Update
Although we came into the week with follow through on last week’s price gains, there was some clear hesitation or...
Maket Update – FedEx Weighs Heavily on This Op-Ex Friday
12:44 p.m. Et There’s no doubt there’s a lot on the table to contend with today including a buyback blackout...
Market Update
3:26 p.m. ET Today’s trade continues to skew toward the negative, but it’s largely long duration assets under pressure as...
Early Update – Mega-Caps and Growth Style Factors Under Pressure
11:37 a.m. ET In yesterday’s Early Update, toward the bottom of the post, I mentioned bear flags in index futures...
Afternoon Update
The market has dipped a bit heading into the close. The S&P is trudging along its large flag’s upper trend...