Category: Intraday Market Update

This is a pretty simple one. There’s no oversold conditions. It looks lie we’re going to end the day with...

2:26 p.m. ET The stock market entered the new week on a soft note, following through from declines on Friday....

11:10 a.m. ET We’re seeing follow through selling in 2024’s market leadership. Not surprising given Friday’s tone and weak closes....

1:55 p.m. ET We’ve been watching the signs (and for signs) and NASDAQ-100’s inability to make a new high (above...

11:45 a.m. ET More on Payrolls…. Of course January’s strong beat of Payroll’s was revised lower; from 353k jobs added...

3:16 p.m. ET Mega-caps have been running the show this afternoon. They’re leading the Equal Weight S&P by 60 basis...

2:14 p.m. ET Briefly, Fed Chair Powell’s testimony before the Senate Banking Committee did not produce any surprise headlines. Powell...

11:17 a.m. Et So far this morning the theme is, “Second verse, same as the first”. The averages are filling...

Stocks have moved lower over the last 2 hours as those gaps above are still providing some resistance. Still, only...

1:46 p.m. ET Powell’s first day of testimony before Congress is over. Powell didn’t say anything new or surprising so...

12:05 p.m. ET Wall Street Journal just reported that NYCB has contacted investment firms on possible equity sale. NYCB is...

11:14 a.m. ET Powell is testifying before Congress. I added the YouTube link in the last post. I’m listening carefully....

Powell is just starting his testimony. Here’s the YouTube link....

The stock market is having a weak showing at the index level today. Mega cap stocks, semiconductor-related shares (SOX -2.75%),...

11:28 a.m. ET Considering yesterday’s sudden closing weakness and an apparent sell-program, I wouldn’t be surprised if this was in...

2:35 p.m. ET The stock market has started the new week on a mixed note. Atlanta Fed President Bostic (FOMC...

11:36 p.m. ET SP-500 -0.15%, Dow -0.3% (Transports +0.2%), NASDAQ-100 -0.25%, Small Caps +0.35% From a price-perspective, this morning’s action...