And It’s Gone
12:54 p.m. ET Here’s the S&P and NASDAQ-100 at 10:15 a.m. ET – A strong start… SPX (5m) NASDAQ-100 (5m)...
Early Update – Strong Start Fades A Bit; ABI Even Lower
11:43 a.m. ET The stock market has moved higher in the early going, feeding off a relatively friendly Personal Income...
Absolute Breadth Index Signal?
Worden’s T2101 Indicator (Absolute Breadth Index) is defined by the Worden as follows: “The Absolute Breadth Index was developed by...
Early Update – Bad News Is Good News. ABI Below 14!
12:17 p.m. ET The stock market opened to mostly positive action. Gains in many mega cap names has provided support...
Afternoon Update
The averages are very little changed since the last update, which is to say, very little changed on the day...
Market Update – Negative Bias
1:14 p.m. ET There is an overall negative bias in today’s trade. Ongoing buying activity in some mega cap names...
Afternoon Update
Mega caps continue to support index-level gains. The Vanguard Mega Cap Growth ETF (MGK) is up 1.4%. vs. the Equal...
Intraday Update – More on the Flip-Flop
1:30 p.m. ET Yesterday it “seemed” like the market was doing some late quarter rotation; the kind of rotation bulls...
Early Update – The Market Flip Flops
11:45 a.m. ET Yesterday’s Value over growth has flip-flopped back to growth over value this morning; evident in the NASDAQ-100...
Afternoon Update
The S&P remains in something like a consolidation. The intraday price chart seems bullishly biased still, but the daily chart’s...
Market Update
1:47 p.m. ET SP-500 -0.05%, Dow +0.6% (Transports +1.2%), NASDAQ-100 -0.75%, Small Caps +0.5% Early market momentum is fading a...
Early Update – Semis Weigh On Technology; Positive Market Breadth As Value Stocks Are Bid
11:28 a.m. ET The averages got off to a muted start, but tone has improved this morning since the open....
Afternoon Update
Today’s quad-witching (once a quarter) was a record setting options expiration, the largest in history; and just as suspected yesterday:...
Market Update – Op-Ex Price Pin
12:34 p.m. ET Today’s price action seems exactly as expected, a max-pain price pin that keeps price action on the...
Afternoon Update
Nvidia, the Tech sector, the Semiconductor index and NASDAQ-100 all look like they’ll close with bearish engulfing candles on heavier...
Market Update – Tech and Semis Relatively Weak
1:11 p.m. ET Returning from the holiday, this morning’s has been a bit on the slow side, but it appears things...
Long Energy Worth a Look
2:51 p.m. ET WTI Crude is up +1.2%, but it’s not the price gain, it’s the price action. WTI (15m)...
Market Update – DULL Ahead of Holiday
1:11 p.m. ET Stocks opened mixed and remain that way. There is not a lot of conviction, presumably with markets closed...
Afternoon Update
Growth and Momentum stocks have powered today’s advance, coming off a mixed, little changed start. Curiously, both groups (that have...
Market Update
1:20 p.m. ET The averages got off to a slow, mixed start as yields are 6 bp higher across the...