Early Update – WOW, So Flat
11:30 a.m. ET Well, there’s not much to say here. This market is dead flat. SP-500 +0.05%, Dow +0.1 (Transports...
Market Update – FOMC Drift+
As suspected in the Early Update, we’re seeing the typical drift of the market into the FOMC. “As for the...
Early Update
11:20 a.m. ET The trend continues. S&P-500 -0.1%, Dow +0.4% (Transports +0.3%), NASDAQ-100 -0.65%, Small Caps -0.15% The chop is...
Afternoon Update – Stength in Mega-Caps and Weakness in Small Caps
While semis gave up most of their early gains, mega-caps have held pretty steady. The major averages have been pretty...
Strong Start Fades- Semis Sold
1:41 p.m. ET It was a relatively fast start to the trading day, as news-driven catalysts powered some big gains...
Early Update – Mega-Cap Bounce, But Fading Already
11:19 a.m. ET Mega-caps and Tech have added gains to the SPX and NDX, but not the price-weighted Dow. Cyclicals ...
Intraday Update – Unmistakable Change in Tone; and the Close
1:41 p.m. ET This market is getting crazier and I think it gets crazier still yet. Mega-caps which offered some...
Early Update -Everyday Is It’s Own Ecosystem
11:35 a.m. ET Since the open we got some more economic data. Total industrial production inched up 0.1% month-over-month in...
Afternoon Update
I’m not sure who/what was behind that unnatural VIX selling, but it didn’t last too long before the averages hit...
Intraday Update – VIX Hit Hard
2:10 p.m. ET Here’s what’s happening with VIX… (2m) that sharp decline to the right is unnatural looking. VIX futures...
A New and Important Narrative is Being Formed
1:42 p.m. ET We know the “AI” narrative and how powerful it has been the past several months, but it...
Early Update – Ugly Start, But Mega-Caps Are Providing A Measure Of Support
10:59 a.m. ET After PPI came in hotter than expected and Retail Sales not only missed, but January’s atrocious miss...
Yields Higher on More BOJ Chatter
9:32 a.m. ET Yields are up another +2 bp since the A.M. Update on more news that the Bank of...
Afternoon Update
Since the last update, conditions are getting a bit tougher for the leadership stocks. The Dollar (-0.15%) has retraced much...
Intraday Update – Copper Soaring (Inflationary)
1:34 p.m. ET Well the U.S. Dollar dived (-0.25%), but like last week, has nothing to do with the U.S....
Semis Break Bear Flag
12:27 p.m. ET In last night’s post (summary section) I “advised”, ” I’d try to stay as calm and patient...
Early Update – Most Everything is the Opposite of Yesterday
11:06 a.m. ET This morning’s early theme is that of a reversal of yesterday’s 1-day Tech led rally; one which...
Afternoon Update
With 8 of 11 sectors higher, the 2024 leaders that were sold into last Friday, and were in “Wait and...
Intraday Update – Higher Yields & Mega-Cap Momentum
1:48 p.m. ET I expected this morning’s bounce in mega-caps, Tech, semis would ultimately see selling into price strength as...
Early Update – Mega Cap Relief Rally, While Treasuries Have a Different Take
11:21 a.m. ET The averages gave up post-CPI gains after the cash open, but have since bounced off the morning...