Afternoon Update
The S&P continues to trade around its 200-day sma. The Dow is currently trading around its 50-day sma. NASDAQ-100...
Afternoon Update
The S&P continues to trade around its 200-day sma. The Dow is currently trading around its 50-day sma. NASDAQ-100 is...
Early Update – Consolidation
11:22 a.m. ET I’ve taken some time to go through the market this morning and the gist as you’ll see...
Afternoon Update
The major averages remain near their best levels of the session with the S&P 500 holding a 1% gain and...
Intraday Update – Consolidation
1:24 p.m. ET Short-term (2-year) yields are coming down a bit from up 5 (almost 6 basis points) to 3...
Early Update – Good Participation From Growth Stocks Despite Higher Yields
11:27 a.m. ET The averages got off to a good start with bullish pre-market price action. NASDAQ-100 is displaying more...
Afternoon Update
Only 2 of 11 sectors are green and decliners are nearing a 2-to-1 ratio over advancers. We may not reach...
Market Update -Powell Hawkish Comments Spike Yields Higher
1:38 p.m. ET As mentioned in the Arly Update – the Fed’s self-imposed FOMC media blackout period has expired and...
Early Update – Expected consolidation Phase at Technical Resistance
11:23 a.m. ET With the best week of the year last week and multiple resistance levels in play, I was...
Afternoon Update
This is going to be my last post. You may recall Monday I mentioned, “I have a friend and near...
Market Update – Consolidation Phase
11:50 a.m. ET S&P retraced overnight losses in to the cash open, led by strength in mega-caps (MGK +0.9%), to...
Afternoon Update
I think that’s it for today’s advance, unless there’s a solid push through S&P-$4400 into the close/overnight, which will have...
Intraday Update
2:10 p.m. ET The stock market is up for the third straight day, but the gains are relatively small compared...
Early Update -Consolidation
11:29 a.m. ET S&P futures have been consolidating the 2-day rally overnight in a typical small bull flag. At the...
Afternoon Update
This will be brief. Stocks rebounded as Powell struck a dovish tone – not to mention the Fed’s rate hike...
Powell Speaks and Many Knee-Jerks Fade
3:09 p.m. ET As suspected, Powell is taking an optimistic tone and walking back some of the knee jerk reactions...
FOMC Update
2:33 p.m. ET The Fed raised the target rate to 0.25% to 0.5% (25 bp as expected). Not surprisingly as...
Intraday Update – SPX $4300 on the Radar
1:04 p.m. ET SP-500 +1.3%, Dow +0.9% (Transports +3.3%), NASDAQ-100 +2%, Small Caps +2.2% The earlier ceasefire negotiations reported by...
Early Update – Measured Move Upside Equity Targets Easily Fulfilled
11:14 a.m. ET In yesterday’s Afternoon Update I said I thought the averages had another at least +1% of follow-through...
Market Update – Consolidation Breaking Out
As of the last update it looked like the averages were entering a consolidation phase intraday, now they’re coming out...