Afternoon Update
Another interesting day for the start of June that has a deflationary feel to it, or the market worrying about...
June Brings Concerns Over The Economy
1:31 p.m. ET First things first… yesterday I said I entered a NASDAQ short position and that was my intention,...
Market Update and Position Flip
3:19 p.m. ET Today is not a bloodbath in the market, but usually the equity market would be acting better...
Early Update
12:17 p.m. ET I want to get this post out because between Friday’s S&P rebalance that sent stocks roaring higher...
Afternoon Update -Looking Ahead
I’m going to get this post out a little early so you can take it in. And, it’s my birthday...
Mega-Caps Clipped Again
12:33 p.m. ET Treasury yields turned lower after the PCE data came in a little cooler than expected, and like...
Afternoon Update – Weak Effort With Massive Mega-Cap Weakness
3:34 p.m. ET Today’s market has good breath and participation with 8 of 11 sectors green and advancers better than...
Early Update – Small Over Large; Working Off 1-Day Oversold
12:40 p.m. ET The CME Group index pricing for the Dow Jones Industrial Average and S&P 500 froze around 10:41...
Afternoon Update – Beige Book Not So Optimisitc
The Fed’s Beige Book is out this afternoon ahead of tomorrow’s Q2 GDP (recall Q1 GDP slid to 1.6% from...
Early Update – Higher Rates Causing Oversold Internals
12:17 p.m. ET It’s odd to watch how long it takes investors to react to something that happened yesterday with...
SPX Bottom of Range
2:57 p.m. ET Higher oil and Treasury yields are weighing more heavily on the equity averages as the day goes...
Yields Higher – More Solid Breakout – After Poor 2-Yr Treasury Auction
1:17 p.m. ET Earlier today oil prices breaking out of a downward sloping corrective 6-week channel helped to cause the...
Early Update – Interesting Timing
12:04 p.m. ET I haven’t forgotten or dismissed Thursday’s SPX Key Reversal Day price candle. I’m watching the next day...
Early Update – Follow Through on Key Reversal Day As Expected
12:35 p.m. ET This morning we are getting exactly the kind of 1-day oversold internals bounce expected, but more than...
More Key Reversal Days & Bearish Engulfing Candles
3:14 p.m. ET Beyond the SPX and NDX… SPX NDX We also have the Technology sector… Tech (daily) The mega-cap...
Getting Uglier With Key Reversal Days
2:30 p.m. ET You might think NVidia’s beat would send markets soaring higher. I’d assume the same in a vacuum,...
Early Update – Risk Of Failed Breakouts
1:02 p.m. ET Nvidia is surging and the market has support from semis and mega-caps, but the rest of the...
Market Update
We’re going to look at a few different price trends as the FOMC didn’t help stocks, and we have Nvidia...
Fed Minutes Hawkish
2:33 p.m. ET The minutes from the May FOMC are out and they are more hawkish than expected. The bottom...
Early Update: Equity Markets Flat and Frozen & Commodities Broadly Lower
11:55 a.m. ET There’s a negative bias in early trading, but true to this week’s form, there’s not a lot...