Afternoon Update
In the last update I observed that while holding near session lows, the charts looked very tentative given the morning’s...
Intraday Update -Struggling at Intraday Lows
1:28 p.m. ET Consumer Discretionary is testing the intraday low, although a few components like Tesla (TSLA -11%), which is...
Market Update
11:48 a.m. ET With bond yields lower (2y and 10y) by at least 8 bp and Treasury futures’ 3C charts...
Early Update – Mega-Caps Liquidated
11:05 a.m. ET The averages are off to a weak start, giving back yesterday’s gains at the open with NASDAQ’s...
Afternoon Update
It looks like the Fed going silent until the May 4th FOMC, and some growth concerns are bringing down yields...
Intraday Update- SPX $4200 Test and Off the Lows
2:14 p.m. ET After being down nearly -1.7% in early follow through downside trade, the S&P is off the lows...
Leveraged ETFs Seeing Some 3C Movement AS S&P Tests $4200
12:15 p.m. ET While the cash charts are still sloppy without a clear consentient theme, I’m seeing some movement on...
Early Update – Yields Are Plunging & Growth Stocks Display Better Relative Performance
11:53 a.m. ET Just like Thursday’s ugly close saw follow-through selling Friday, Friday’s ugly close at session lows is seeing...
Afternoon Update- Treasuries Stabilizing
3:23 p.m. ET The stock market has been stuck on a steady decline with losses of about 2%, largely an...
Early Update – Yields Coming down
11:32 a.m. ET As expected, stocks trade lower in typical follow through-selling when a market closes at its low the...
Afternoon Update
The day has really turned ugly from a good start. The S&P has nearly given up the week’s gains just...
Hawkish Fed Speak and S&P Testing 50-Day
2:35 p.m. ET The S&P gave up an early +1.2% gain to trade into the red. While there’s price resistance...
Market Loses Steam As Yields Rise Double Digits
12:07 p.m. ET It has been a fluid morning with a strong start in stocks faded as bond yields continue...
Market Update – Dow Looks Good
3:14 p.m. ET The Dow is looking very good, in fact right along the lines of the second leg of...
Early Update – Dow Outperforms, NASDAQ Underperforms as Netflix Weighs on Growth Stocks
11:34 a.m. ET There’s some bullish follow through in some of the averages from yesterday, but Netflix (NFLX -36%) is...
Afternoon Update
The market has been pretty quiet intraday since the last update looking for an intraday consolidation. Price has been doing...
Intraday Update – Intraday Consolidation
1:40 p.m. ET S&P, Dow and Small Caps have come within less than a quarter-percent of Thursday’s morning highs. The...
Early Update – Strong Start Despite Higher Yields
10:45 a.m. ET Despite higher yields and an early mixed open, we’ve got a good start for stocks. The SP-500...
Intraday Update – S&P Still Hovering Around $4400
2:50 p.m. ET Since the last update the S&P traded blow $4400 to session lows, but only down a half...
Early Update – S&P $4400
11:13 a.m. ET The averages are mixed with muted conviction. Thursday’s rise in yields did take a toll on equities....