Early Update – Yields Soar
11:03 a.m. ET Yields are soaring this morning following two developments and taking their toll on the stock market, which...
Intraday Update
2:42 p.m. ET NASDAQ-100 and S&P-500 have started to breakout of a bull flag, almost entirely supported by the growth...
Early Update – Growth Rotation Supporting NDX Breakout Attempt
11:12 a.m. ET There’s a strong Growth (+1.4%) over Value (-0.5%) dynamic this morning, led by mega-caps stocks. The S&P...
Afternoon Update
The averages are trading mixed and mostly little changed with some posting hammer candlesticks. Doji Start and or inside days...
Early Update -More Yield Curves Invert – Recession Warning
12:35 p.m. ET There’s a lot happening this morning between economic data, start of the quarter inflows, rotation and rebalancing. ...
Intraday Update – Consolidation Continues Some Gaps Are Filled
2:29 p.m. ET SP-500 -0.55%, Dow -0.65% (Transports -0.8%) NASDAQ-100 -0.6%, Small Caps -0.35% The averages continue to pull back...
Early Update
11:59 a.m. ET While the averages are in the red, the price declines on the last day of the month...
Market Update- Transports and Small Caps Could Be Troublesome
2:35 p.m. ET The averages are pausing. Geopolitical developments that were initially positive sounding yesterday, have been walked back to...
Early Update – Consolidation
11:30 a.m. ET The averages, in all ways, seem to be consolidating as one of the 2 highest probability outcomes...
Afternoon Update
2:51 p.m. ET Afternoon trade is looking a bit stronger. The close will really add some important color to the...
S&P $4600
11:22 a.m. ET The opening gains were catalyzed by news that Russia agreed to reduce military operations near Kyiv and...
Afternoon Update
3:43 p.m. ET ***Addendum – As I’ve been preparing this post the tone of the market has improved from dull...
Market Update – Economic Growth Concerns Evident
12:09 p.m. ET Growth concerns are evident today , attributed to new Covid lockdowns in Shanghai, which have driven oil...
Afternoon Update
As mentioned in the last update, Houthi rebels attacked Saudi oil facilities, sending crude oil higher, but since the facilities...
Intraday Market Update – Crude Jumps
1:18 p.m. ET Earlier today the averages were doing fairly well considering a double-digit basis point gain across multiple yields,...
Early Update – Yields Sure, Averages Try to Break Out
11:02 a.m. ET We’re off to an interesting start. Treasuries plunged heading into the open, sending yields soaring. At present...
Afternoon Update
The gist of this post is that the averages are still in consolidation mode and because of last week’s gains...
Intraday Update
12:26 p.m. ET The averages traded to session highs on a report of “careful optimism” with regard to Ukraine ceasefire...
Early Update
10:56 a.m. ET Early trade is mixed with little bias, indicating to me that the market is in a consolidation...
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...