Afternoon Update
Tone has improved a tiny bit since the last update when the majority of the averages were unchanged. Still, this...
Intraday Update – FOMC Minutes On Deck
1:34 p.m. ET My fist instinct upon a quick look at the market this morning was, “ the market is...
S&P Biotechs (XBI) Update
12:38 p.m. ET XBI (-1.1%) is consolidating again, thus far in a bullish flag. XBI (10m) The measured move coming...
Early Update: Transports Break, The Rest of the Market Is Unchanged
11:47 a.m. ET We had quite a few Fed speakers this morning already and some more to come: 9:00: Fed’s...
Market Update – Another Record For Gold
3:17 p.m. ET Today’s trade features a positive bias despite the fact that only 4 of 11 sectors are green...
Early Update -Semis Outperform on Upgrades & Commodities Extend Gains
12:09 p.m. ET This week is a fairly dull week for economic data. Some of the highlights include the FOMC...
Afternoon Update – Stocks Dead, But Commodities Jumping & Threatening To Resume The Reflationary Impulse
3:15 p.m. ET I’m getting this post out earlier than usual because I think today’s developments are huge and I...
Early Update – Stocks Very Dull, Metals and Energy Products Are Big Movers
11:39 a.m. ET It’s another dull start to this morning’s session in equities, although Metals and some Energy products are...
Afternoon Update – Just A Snoozer or Something Else?
3:55 p.m. ET The market has exhibited mixed price action following yesterday’s record high closes for some of the major...
Intraday Update – Getting A Little Dicey
1:32 p.m. ET I won’t recap the risks outlined in the Early Update here, but the gist is that a...
Early Update – Lackluster Trade, Running Out of Gas?
12:01 p.m. ET The market is mixed this morning. The market had a similar feel to the first hour of...
Afternoon Update
Heading into the close, it’s been a good day for the stock market with CPI better than expected, or perhaps,...
3C Update
2:05 p.m. ET I’m seeing good confirmation on the shortest, fastest, most sensitive (but also weakest) 3C timeframes for the...
Early Update – Goldilocks Economic Data and Defensive Bias
11:58 a.m. ET CPI came in mostly as expected, with headline CPI better (cooler) than expected. Retail Sales missed (weak)....
Intraday Update – Mega-Caps Starting To Lead
2:40 p.m. ET The mega-caps are starting to display better relative performance and support the major averages as yields drop...
Biotechs (XBI)
With the recent short covering due to the Reddit/GameStop crowd, we’re seeing some massive short covering in the Most Shorted...
Early Update – Massive Short Covering As Meme Stock Mania Returns
12:28 p.m. ET It’s been a busy and volatile morning. I’ve been listening to Powell and watching the market. As...
Afternoon Update On The Way
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Early Update – Consumer Expectations of Inflation Take Some of the Shine Off Early Gains
12:11 p.m. ET The market has been fluid this morning, from 10 of 11 sectors higher and yields 3 bp...
Early Update – Uglier Than The Averages’ Percent Change Look
12:06 p.m. ET Last night I presented some data that suggests the U.S. consumer may be near tapping out. This...