Intraday Update – Dip Buyers
11:24 a.m. ET The averages are finding some buyers to step in. DIA (1m) and SPY lok the best intraday,...
Early Update
10:38 a.m. ET The major indices begin the cash session extending this morning and last week’s losses while Treasury yields...
Afternoon Update
The Santa rally not only ended, but was completely retraced. After setting a new record close Monday, the S&P is...
Intraday Update – Holding
1 p.m. ET The Dow, S&P and NASDAQ have all tested below various technical levels identified (moving averages, trend lines)...
Early Update – Growth Stocks Weighing, NASDAQ Testing
11:10 a.m. ET The morning is fairly volatile and fast moving in terms of market swings after the Payrolls report,...
Afternoon Update
I’m going to keep this brief. If you haven’t already, please see my last post, The Path Forward, which fleshes...
Market Update – The Path Forward
2:41 p.m. ET SP-500 +0.15%, Dow -0.3%, NASDAQ-100 +0.3%, Small Caps +1.1% It looks like the day is unfolding as...
Early Update – Flush and Oversold Conditions In Place
11:19 a.m. ET So far this morning things are looking pretty much like I laid out in yesterday’s Afternoon Update, then...
Afternoon Update
3:39 p.m. ET The FOMC December meeting minutes are much more hawkish than Powell let on during the press conference....
FOMC Minutes – Hawkish & S&P Near Breaking Flag
2:28 p.m. ET I’m still going through the minutes, but it’s hawkish, more so than expected. They are very concerned...
Pre-FOMC Minutes Update
1:20 p.m. ET The preference for value over growth stocks is accelerating or widening as yields revere to trade a...
Early Update – Pause
10:45 a.m. ET The open carries over the mixed tone with Dow and NASDAQ-100 on either end of the spectrum,...
Afternoon Update
As the last post covered, there’s a chance we’re seeing some false / failed breakouts, which are often followed by...
Failed Breakouts in the Works?
1:47 p.m. ET SP-500 -0.3%, Dow +0.55%, NASDAQ-100 -1.9%, Small Caps -0.3% Yesterday I wrote, “An ideal short sale set-up...
Early Update
10:58 a.m. ET The ISM Manufacturing Index for December decelerated and decreased to 58.7% (consensus 60.3%) from an unrevised 61.1%...
Afternoon Update
There aren’t any changes of note from the last update. The averages remain in bullish consolidations for the most part...
Market Update -HYG Divergence
2:51 p.m. ET On the surface of things the averages are doing fine at the moment and continue to trade...
Early Update -Rising Yields and Weak Manufacturing Data
11:33 a.m. ET Stocks started the week off on a positive note, trading higher with Europe despite sharply higher yields,...
Afternoon Update
From the Afternoon Update of Friday December 17th, “We’ll head into next week with market breadth oscillators near oversold levels...
Market Update
1:37 p.m. ET Market tone is weakening a bit. After 11 S&P 500 sectors were trading higher, five have slipped...