Early Update -Sellers Show
11:08 a.m. ET This morning was set for a dullish day, but with the pull back in the Dollar and...
Market Update
2:19 p.m. ET First my apologies. I was sick (vomiting) for 20 hours straight from Saturday morning through Sunday morning...
Afternoon Update – Not a Pretty Week For Stocks, But Great For Gold, Oil and Yields.
Circling back to the March Jobs report which came in with a solid 4-sigma beat — Full-time jobs actually saw...
Intraday Market Update
2:40 p.m. ET Mega-caps (+1.45%) have had a good day, supporting the broader market despite a jump in yields (+5...
Early Update – Yields and Mega-Caps Higher, But Underlying Weakness
11:12 a.m. ET I was surprised to see so little reaction in index futures this morning (one way or another)...
Afternoon Update
What a wild ride the say has been. At first it seemed the bear flags were ruined by this morning’s...
Market Update
3:14 p.m. ET Oil prices are rising this afternoon in response to news that the UAE has announced it is...
Early Update – Most Gaps Filled
11:45 a.m. ET S&P futures were up +0.3% at 8 a.m. and jumped to +0.65% shortly after a miss in...
Afternoon Update
My highest probability scenario yesterday afternoon was for the averages to consolidate in bearish flags, and to fill yesterday’s gap...
Intraday Update – Gold New Record High After Powell
2:13 p.m. ET There hasn’t been a lot of up or down movement at the index over the last half...
Early Update – Consolidation / Gap Fill Underway
11:33 a.m. ET First, economic data since the open: The ISM Non-Manufacturing PMI decreased to 51.4% in March (consensus 52.6%)...
Intraday Update – Price Consolidation/Gap Fill ?
3:17 p.m. ET It “seems” like we’re increasingly likely to see the averages consolidate today’s losses in bearish consolidation patterns,...
FOMC Retrace
1:27 p.m. ET Before the FOMC or major Fed events, I’ve always warned to beware of the knee-jerk reaction in...
Early Update – Failed Breakouts?
11:14 a.m. ET There’s a lot going on this morning as rates and oil jumped to new highs for the...
Afternoon Update
Last week I wrote numerous times that we’re at a very interesting and informative area, with a number of bullish...
URA (Uranium) Follow Up – Adding To Gains
2:49 p.m. ET I wasn’t sure we’d get here due to weak volume on the last advance, but URA (+3.5%)...
Gold’s New High Facing Headwinds From Higher Yields
2:27 p.m. ET It’s not just mega-caps, semis and NASDAQ-100 that are trying to make moves today and are being...
URA (Uranium) Breaking Out
11:34 a.m. ET There are a lot of breakouts, potential breakouts and potential failed breakouts all taking shape at the...
Early Update- Higher Oil & Yields Threaten Failed Breakouts in Major Averages
11:176 a.m. ET Tech and NASDAQ-100 were doing some catching up to the rest of the market from late last...
Intraday Update – Gold and Crude Looking Strong
2:08 p.m. ET Gold (+1.35%) has added to the breakout/follow through… GLD (15m) And Crude has added to gains (+2%)…...