Looking Better – Buying Some S&P For Quick Long Tade
12:438 p.m. ET For those who have expressed an interest in playing a bounce on the long side (my estimate...
Market Update – Yields Could be Opening a Window
11:42 a.m. ET The averages have largely given back overnight and early cash open gains. S&P went from a +0.8%...
Afternoon Update
The market has been under pressure all day as yields across the curve have spiked. The Fed sensitive 2-year yield...
Intraday Update – VIX Under More Pressure May Open A Quick Trade
2:10 p.m. ET The S&P continues testing its 100-day, not much has changed on ut 3C chart, but market breadth...
Early Update – Yields Resume Surge – Stocks Sink
10:51 a.m. ET From Friday’s Afternoon Update, “If we break above 1.80% on the 10-year, then stocks are likely to...
Afternoon Update
So far the S&P’s test of the morning lows amid oversold conditions, has held, despite yields climbing fairly sharply. JPMorgan...
Intraday Update – Testing
2:11 p.m. ET Finally we’re getting the S&P test of the morning lows alluded to in the last update after...
Early Update – Yields Higher
11:10 a.m. ET The averages are off their worst levels of the morning, but it looks likely the morning lows...
Intraday Update
2:46 p.m. ET As of the last update the averages were trading just off session low and several near moving...
Market Update
1:08 p.m. ET Things have gone from dull to worse as Technology initially dragged the market lower, but this isn’t...
Early Update – Stocks Struggling to Gain Traction
11:03 a.m. ET Yesterday we saw the averages start losing rebound momentum. The morning’s opening tone is a continuation of...
Afternoon Update
I’ll keep this brief as there hasn’t been any notable change since the last update. The averages are losing some...
Intraday Update
1:16 p.m. ET Despite a robust CPI, bond yields are pulling back more and as a result, the influential Tech...
Early Update Strong Start Fades
11:31 a.m. ET While at a staggering 7% (well above the Fed’s 2% target range) and a 39-year high, the...
Afternoon Update
The oversold low was in yesterday. The correction is underway today with little help from Powell. Whether that’s a bounce/rally...
Intraday Update – Powell Doing Some Damage Control
12:35 p.m. ET After the averages plunged for 5 consecutive days, it seem Powell is doing some damage control. While...
Early Update – Consolidation Phase
10:39 a.m. ET S&P futures gave back overnight gains of about a half percent heading into the cash open. They’ve...
Afternoon Update
There’s not much change since the last update. The S&P-500 has a bullish hammer candlestick just above its 100-day sma,...
Market Update – Looking More Like a Low
2:27 p.m. ET It’s looking more and more like the market is finding an oversold low. SP-500 -0.7%, Dow -0.75%,...
Market Update – Consolidation
1:24 p.m. ET SP-500 -1.25%, Dow -1.1% (Dow Transports -2.25%), NASDAQ-100 -1.5%, Small Caps -1.75% Since the averages found session...