Category: Intraday Market Update

Price action is bearish, but orderly. The market is legging down in relatively small declines and consolidations. SPX (3m) -Recall...

I’m going to keep this update brief as we’re getting to what’s likely to be an important inflection point. The...

OK, consolidation it is, kind of suspected that. NDX (2M) The question is whether the consolidation we’re seeing this afternoon...

I think we’re starting to hear some creaking and faint cracking sounds. Notice how quickly things went from super-bullish sentiment,...

Sorry this is later than normal, but there’s a lot of stuff happening today (Trump speaking at the U.N.; Fed...

The top-weighted Technology sector (+1.3%) drives today’s gains, with the thinly traded Utilities sector (+0.4%) the only other S&P 500...

2:29 p.m. ET Recently we’ve noticed two competing narratives, Small Caps being bought on the rate cuts narrative, but the...

11:45 a.m. ET I have a feeling the market is going to be in a holding pattern this week with...

I didn’t think we’d get anything juicey today in terms of price action due to options expiration –the largest September...

The massive $5.3 trillion options expiration has the averages mostly in a holding pattern. Mega-cap strength is preventing losses at...

More market signals are coming in, not just ABI  –which looks at the post of 5th consecutive signal (we got...

1:25 p.m. ET Interesting day after the FOMC – Stocks higher led by Tech, as suspected, with the narrative being...

...

The ABI has been volatile today with stronger participation from Small Caps, especially in the immediate wake of the policy...

The 2-yr yield is 5 basis points higher. Likewise, long term yields are higher than just before the FOMC (10Y...

The fed cut by 25bp as expected. There was one dissent (Miran) for a 50bp cut. The Dot-Plot: 9 of...

This is going to be short as everything may be upended in the next couple of hours. The market’s recent...

...

Trading volatility is not straight forward, but the ABI signal’s high reliability and big moves in volatility, often when VIX...

There’s a lot of individual news items moving specific stocks and sub-sectors, but the general theme is the pro-cyclical, pro-growth,...