Category: Intraday Market Update

A rapid drop in the ABI doesn’t always indicate an upcoming sub-14 signal, but such signals are typically preceded by...

11:36 a.m. ET Equities moved higher after the August payroll report landed on the softer side, locking in a September...

Tomorrow morning’s Payrolls report at 8:30 a.m. is going to be highly anticipated. The days of 200k+ Payrolls seem to...

1:18 p.m. ET Market activity is considerably more broad-based than yesterday, but less concentrated in heavily weighted mega cap components...

The S&P was up +0.6%, now +0.15%. Nasdaq-100 was up +1%, now +0.4%. The retracement of earlier gains doesn’t rule...

1:50 p.m. ET The majors are mixed with the NASDAQ recapturing all of yesterday’s losses and filling the gap in...

The U.S. Dollar Index let up from session highs earlier, as did yields. We have some technical and price support...

1:07 p.m. ET The tech-driven decline that closed last week continued into the start of the new month. Recall the...

  Gold is on the verge of a breakout with excellent volume and price action. (15m) Silver is breaking out…...

1:28 p.m. ET The first paragraph of yesterday’s Daily Wrap is the first thing that comes to mind this morning,...

Gold’s looking good. WTI managed a minor break above $64 this afternoon. I didn’t see the specific headline/catalyst, but I’m...

It’s another quiet-ish summer day with low market participation, where S&P 500 sectors fluctuate slightly, shifting from mostly up one...

All eyes now turn to NVIDIA (NVDA -0.03%), set to unveil its earnings at around 4:20 PM ET. The current...

It’s been a painfully dull session so far. The S&P bumped into resistance near $6480… (1m today) This is an...

The market in general has the same dullish tone as this time yesterday, but with a twist. Many of yesterday’s...

The averages are little changed from the last update in something of a sideways drift with the DJIA, Dow Transports...

The averages are in various states of consolidation / profit taking following Powell’s Jackson Hole commentary and related advances with...

It has been a long day of looking at knee-jerk reactions. I don’t want to rush the Afternoon Update. I...

Busy Day! All 11 sectors opened higher in a broad-based advance ahead of Powell. Powell just reinforced the optimistic expectation....

I’ve been quiet today because there’s not much I can add to what I laid out last night. The day...