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...
SPX $5209 Tagged
3:04 p.m. ET Treasury yields have dipped down to session lows (good for stocks… right now) after a stellar 30-year...
Early Update – SPX Just Above $5200, NASDAQ-100 More Evidence Of Selling
11:46 a.m. ET The open wasn’t great for Tech-heavy NASDAQ-100 futures, NQ (1m) jumping on initial claims, dumping into the...
Afternoon Update
3:18 p.m. ET Most of the major averages are flat on the day. The DJIA holds a modest gain, while...
Early Update
12:17 p.m. ET It seems to me that we’re seeing pretty much exactly what I expected as measured moves were...
Averages Pull Back As SPX Tags $5200 ($5200.23)
2:52 p.m. ET The S&P-500 tagged $5200 ($5200.23) and immediately pulled back from session highs. The NASDAQ-100 pulled back at...
Early Update
12:47 p.m. ET After strong closes for SPX and NDX yesterday, all averages are higher, but most with more moderate...
Afternoon Update – Chipping Away At The Measured Move
I’m going to get this post out a little earlier than normal just so we can keep an eye on...
Early Update – Bounce Is Going Smooth, But Some Weaker 3C Charts Developing
12:30 p.m. ET Our bounce is going along smoothly and heading toward measured moves (SPX $5200). there is some slight...
Intraday Update – Resistance
2:21 p.m. ET The averages are still acting well. 10 of 11 S&P sectors are higher. Advancers are better than...
Early Update – Higher Highs For All of the Averages, but Price & Technical Resistance Nearby
12:23 p.m. ET As commented on yesterday with regard to the Payrolls report, “if there were a time for a...
Afternoon Update -Apple Reporting After The Close
Stocks reached intraday highs as yields declined to intraday lows, but the major averages haven’t made that higher high in...
Market Update Ahead of Apple Earnings & tomorrow’s Payrolls Report
2:42 p.m. ET The S&P 500 is trading 0.9% higher and the NASDAQ-100 sports a 1.25% gain. The Russell 2000...
Early Update – Lots of Charts and Info
12:46 p.m. ET Overnight gains were pared into the cash open. It may have been the fact that despite building...
Afternoon Update: Dovish & Hopeful Powell
The FOMC policy statement was a nothing burger, but as suspected in my Pre-FOMC Update, “Just knowing Powell and the...
FOMC Update – VERY Little Reaction
2:25 p.m. ET The Fed held the Fed Funds rate at 5.25% to 5.5% as expected. Probably the most notable...
Pre-FOMC Update
1:41 p.m. ET The FOMC (2 p.m. ET) is less than 20 minutes away. There is not a lot of...
Early Update – More Stagflationary Data Ahead of the FOMC
11:21 a.m. ET This morning we have more stagflationary data. S&P Global’s US Manufacturing PMI (survey) fell from 51.9 in...
Afternoon Update
Today’s economic data, even the historically little noticed tier 2 data such as we saw in pre-market, painted a clear...
Early Update – Stagflation Data
1 p.m. Since the open we’ve received more worrisome data pointing to heightened prospects for stagflation (stagnating/falling economic growth, coupled...