Mixed Market
10:34 a.m. ET Briefly, the averages are losing momentum as suspected in a mixed start. Futures initially surged on Pfizer...
Afternoon Update
As mentioned in the last update, the Dow filled the post-Thanksgiving Gap. The S&P came within a fraction of doing...
Market Update – Dow Fills Gap
1:46 p.m. ET Well that didn’t take long. While the NASDAQ-100 and small Caps are the best performing today, yesterday...
Early Update -Strong Follow Through and Rotation
10:40 a.m. ET Receding Omicron fears and a second shot of Chinese stimulus in the market’s arm are extending the...
Afternoon Update
Coming into this week I was looking for an oversold bounce in a fairly narrow window before the mid-December FOMC....
Early Update
11:09 a.m. ET The market action so far this morning is very much along the lines of an oversold rebound...
Afternoon Update
It hasn’t been a good week for stocks in tone. In price action it hasn’t been that bad with the...
NASDAQ-100 Testing 50-Day
2:02 p.m. ET SP-500 -1.5%, Dow -0.75% (Dow Transports -0.3%), NASDAQ-100 -2.6%, Small Caps -2.4% NASDAQ-100 is testing its 50-day...
Early Update
10:50 a.m. ET Stocks slid into the cash open, initially higher with 10 sectors green, things have turned down, executing...
Market Update
1:50 p.m. ET After the worst 2-day sell-off in more than a year, the S&P 500 is in a rebound...
Early Update – Instituional Selling? Second Omicron Case in U.S.
11:05 a.m. ET A second case of Omicron was identified in Minnesota shortly after the open that sent stocks, bond...
A.M. Update
Last night S&P futures were up a half percent, but it was in the context of a bearish consolidation. This...
Afternoon Update – Weak Price Action, Technical Levels Being Tested
I’m going to get this post out a little earlier than usual as the close is really what’s important. Small...
Market Update – Stocks Oversold Bounce, But Treasuries Pricing More Aggressive Fed
12:00 p.m. ET Powell and Yellen are back on Capitol Hill for a second day of CARES Act testimony, but...