Category: Intraday Market Update

1:41 p.m. ET SOX (daily) – might end up confirming the bearish reversal...

1:11 p.m. ET The end of the market update I just posted, I concluded with, “Personally, I don’t believe that...

12:47 p.m. ET There’s been a shift in investor focus from the AI narrative yesterday that favored Growth style factors...

The SOX (+2.1%) is at a new record high, but price hasn’t been able to add much from the gap...

12:06 p.m. ET In this update we’re going to look at the lay of the land –today’s early trade. Then...

Bad Payrolls news (ADP’s loss of 32,000 private sector jobs) is good news for the market, sending October rate cut...

12:58 p.m. ET It’s not so much that it’s been a slow morning but there have been several potentially conflicting...

***Sorry this is late. The hosting issue with the website I had last night, came up again. I’m on the...

1:07 p.m. ET Here’s a chart and excerpt from the Summary section of  Monday’s Daily Wrap addressing expectations for today’s...

A decent start for the mega caps/semis/tech, has turned and now most are trading towards the low of the session...

3:01 p.m. ET Last week (I think Thursday as the market was down) I posted expectations of Thursday’s gap being...

12:01 p.m. ET A lower U.S. Dollar Index (-0.25%) and lower yields (2-yr -2bp; 10-yr -3bp; 30-yr -5.5bp) crate easier...

1:28 p.m. ET Two conditions coexist: the market shows signs of a short-term rebound after a single day of oversold...

2:44 p.m. ET I’ve been waiting and watching for a pivot low, and it looked like we might be getting...

12:59 p.m. ET I’m going to capture and post the many charts below as I go. If I try to...

That was the next leg down. We should see the averages start moving into another bearish consolidation. I’ll be right...

There’s not much new to add, the market is still consolidating with a bearish bias (small bear flags). From the...

The averages are still consolidating with a bearish bias…   SPX (2m) NDX (2m) – I’m not sure about the...