Category: Intraday Market Update

11:11 a.m. ET I thought it was interesting that Bitcoin (-1.9%) was lower this morning, and we have seen Bitcoin...

2:44 p.m. ET Without going into all of the details, of which there are plenty with balance sheet conversations, December...

1:01 p.m. ET I usually like to let the market go through it’s opening shenanigans and take the pulse. Early...

Other than the few divergences touched on in the last post, nothing big has changed. Volatility’s 3C charts are still...

2:35 p.m. ET The major averages are currently well off of session lows, as the broader market attempts to rebound...

I sold half of my UVXY long ahead of tomorrow’s VIX futures contract roll,  given the effort on 3C charts–...

12:oo p.m. ET The futures overnight tests didn’t hold any water once the cash market opened. Mega Caps  –Mag-7 or...

Earlier Regional Banks (-3.7%) were still holding in their bearish descending triangle  consolidation, but they’ve broken and it looks definitive....

3:01 p.m. ET The S&P and Nasdaq-100 are headed for a test of Friday’s intraday low… SPX (10m) And that’s...

1:23 p.m. ET My takeaway from last week’s action heading into this week was that technical support would hold, but...

1:39 p.m. ET The SPX and NDX are testing the 50-day SMA for the second time in a week. Price...

The S&P is putting up a fight at the bottom of the gap (potential support)… (10m) 3C doesn’t look much...

1:59 p.m. ET A new Bloomberg report on Wednesday, citing data from Fitch Ratings, showed that delinquency rates on subprime auto loans surged...

12:10 p.m. ET The Mega-caps are down again as the broader market sees weaker participation than previous sessions. This comes...

We’re headed for a mostly flat/mixed close, with the exception of the DJIA. The 3C charts in the last post...

2:41 p.m. ET The S&P is flat as AI and data stocks slide. Palantir Technologies (PLTR  -4.8%), Oracle (ORCL -3.7%), and...

12:55 p.m. ET It’s been an interesting start to the day. Overnight and premarket futures action suggested another daily rotation,...

3:06 p.m. ET The day’s tone is little changed and relatively quiet at the index level, beyond health care driven...

1:12 p.m. ET Market action today is something of a flip-flop, but also in-line with yesterday’s moderate 1-day overbought internals....

S&P futures are down 0.25% and NASDAQ futures are down 0.5%. The Senate passed its funding bill, and the House...