Category: Intraday Market Update

  The major equity indices continue to move off session lows reached around mid-day. There was no specific catalyst to...

2:23 PM ET After a huge move higher last week, I expected we’d see some consolidation soon. Markets don’t move...

11:17 AM ET After last week’s massive rally… SPX (weekly) bullish engulfing candle It’s reasonable to expect price to consolidate...

Not that it matters a whole lot, but a South Korean newspaper of record captured images of a Chinese trade...

3:02 PM ET The S&P and NDX were heading toward a clean breakout above the clear resistance zone and pulled...

1:18 PM ET Yesterday left the key averages smack-dab in the middle of price resistance zones after an extended 3-day...

4:17 PM ET As covered in my last post, the wild card in the battle between buyers and sellers (overhead...

3:40 PM ET In the last post (SOX Measured Move) I said something that may have been confusing, “I don’t...

2:23 PM ET In yesterday’s Daily Wrap, I featured the Semiconductor Index (SOX +5.4%) making another intraday bull flag and...

1:11 PM ET “Technically” the major market averages are still within the context of a consolidation, although a day and...

I don’t have much to add to the intraday posts. I think you have a pretty good feel for what...

3:06 PM ET I still can’t see what the probability of consolidation type is, but the 3C charts, espcially for...

2:01 PM ET We’re getting signs of consolidation at price resistance, and it’s due. Yesterday’s pretty solid 1-day overbought internals...

11:18 AM ET We have some great follow-through this morning with averages up +2.4% to +3.6%, but price has run...

3:22 PM ET Yesterday’s large losses  were retraced in their entirety and then some in today’s session, which has been...

12:25 PM ET Two  things jump out at me this morning – first the leading positive 3C signals yesterday amid...

This remains a challenging market with a lot of sensitivities. Buyers, as you might expect, have been and remain with...

12:59 PM ET Firstly, as is Usually the case or order of events, VVIX started displaying relative weakness from Monday afternoon...

11:42 AM ET Very broad-based selling and it seems to stem from reactions in the Dollar and Treasuries to the...

The U.S. Dollar Index crashed at Sunday’s futures open in the thin liquidity of Sunday, compounded by the fact many countries are...