Afternoon Update
There hasn’t been much movement up or down for the market recently with each major index trading just below session...
Intraday Update – Session Highs
1:25 p.m. ET SP-500 +2.15%, Dow +1.8% (Transports +2.9%), NASDAQ-100 +2.5%, Small Caps +3.1% The averages are at or near...
Early Update
11:20 a.m. ET We have a pretty fast moving market this morning and it’s reminiscent of yesterday morning. Also reminiscent...
Afternoon Update
Well it has to be a little discouraging for the bulls to get off to such a good start, only...
One Bad Apple
2:58 p.m. ET The major averages have given back gains after the Dow and Small Caps tested their 50-day moving...
Early Update
11:47 a.m. ET Index futures pulled back a bit before the open, but are looking constructive and very similar to...
Afternoon Update
Coming into this week, both price resistance and 3C charts suggested we were heading for some consolidative/corrective activity in stocks...
Intraday Update
3:14 p.m. ET I’m working on the Afternoon Update, but figured I’d check in quickly on intraday trade. The S&P...
Early Update – Very Interesting Start
11:28 a.m. ET This morning has been challenging in putting pieces together. The averages are adding to yesterday’s afternoon gains....
Afternoon Update – NASDAQ & Mega-Caps Lead Rebound
3:34 p.m. ET Early on in this morning’s Early Update, when things were quite ugly across the board, I suggested...
100 BP Fed Rate Hike Being Walked Back
1:09 p.m. ET In my last post, the Early Update, I mentioned, “Treasury futures are coming off their worst levels...
Early Update – Ugly Start
11:07 a.m. ET It’s been a rough start for the market with virtually no good news and plenty of bad....
Afternoon Update – Recouping Support
3:31 p.m. ET There have been a few headlines that have moved stocks in the cash session since the CPI...
Early Update – Shifting Focus?
12:18 p.m. ET On a year-over-year basis CPI came in at 9.1% (vs 8.8% expected and 8.6% prior) to the...
Afternoon Update
This will be fairly quick. In the last update I mentioned we may see some nervous sellers before the close...
Market Update – Treading Water Ahead of CPI
2:36 p.m. ET It’s still a pretty quiet day for the averages, which is a small victory given the bearishly...
Market Update – Consolidation and Recessionary Signals
11:44 a.m. ET The averages opened on a modestly higher note, gave up opening gains to trade mixed, but little...
Afternoon Update
Just a quick note since I already gave you the consolidation patterns, levels and measured moves in the last post....
Intraday Update
2:31 p.m. ET The Dow briefly traded back to unchanged on the day, while the NASDAQ-100 and Small Caps continue...
Early Update – Growth Concerns Dominate, But The Market Was Ready For a Correction
11:20 a.m. ET I wrapped up last week with Friday’s Afternoon Update, summed up in the last paragraph, “I’d look...