Early Update – Small Caps Outperform Amid An Ongoing Short Squeeze
11:26 a.m. ET The major averages have improved since their flat open, but they’re not doing anything too out of...
Market Update
3:10 p.m. ET Market breadth has improved since this morning as the FOMO instinct kicks in. There are now 8...
Early Udate – SPX >5,000, But Wow Is Participation Weak
11:05 a.m. ET Index futures gapped the market higher and the S&P above 5,000 (although it was less than a...
Afternoon Update: Testing 1, 2, 3?
The S&P made another close call, within 32 cents of 5,000, or about 0.01%, but didn’t make it. SPX (1m)...
Intraday Update – Short Squeeze Accelerating
1:50 p.m. ET Well, it’s quite an anticlimactic rise into SPX 5,000. While yesterday the index came within 11 cents...
Early Update – Small Caps Outperform
11:17 a.m. ET As has been the case all earnings season, we’ve seen mixed responses since yesterday’s close. It’s important...
Afternoon Update
The S&P has been sitting 3 to 5 points or 0.1% or less, from 5,000 since 10:30 a.m. ET and...
Intraday Update – A Look at the Market Near SPX 5,000
2:11 p.m. ET The S&P has come within 5 points of 5,000, which was only 0.85% higher from Friday’s close....
Early Update
11:57 a.m. ET SP-500 +0.75%, Dow +0.45% (Transports +0.8%), NASDAQ-100 +1.05%, Small Caps -0.4%. The S&P is only 12 points...
Afternoon Update
Treasury yields are down after a sharp rise over the last few sessions and just as they ran into a...
Market Update – Value Bounces
1:24 p.m. ET We didn’t quite get 1-day oversold internals yesterday, but darn close. All that was missing was the...
Afternoon Update
Friday the S&P made a new record closing high with more stocks falling (276) than closing higher (223). One of...
Early Update – Ugly Trade Getting Uglier
11:52 a.m. ET Powell reiterated his view from last week’s post-FOMC decision press conference over the weekend on 60 Minutes, saying that...
Market Breadth Is Stunningly Negative
The S&P 500 (+1.3%) and NASDAQ (+1.9%) are trading sharply higher thanks to a surge in shares of Meta Platforms...
Early Update Mixed Market on Strong Earnings, but Inflationary Payrolls
12:13 p.m. ET This morning’s market has been mixed and quite fluid. The two driving primary forces are strong earnings...
Afternoon Update
The market has more or less returned the the intraday bear flag levels/gap of yesterday just ahead of the FOMC...
URA – This Is What A Breakout Should Look Like
URA is up +6.2%, but not all breakouts can be trusted. They should see heavy volume (buying) on the breakout…...
Early Update – S&P and NASDAQ Hope Mega Cap Earnings Save Them, Small Caps Feeling Pressure From Banks
11:55 a.m. ET I think you’ll find the charts below interesting, especially if the rates/equity correlation has flipped as we...
Afternoon Update – Powell Pours Cold Water On March Rate Cuts
Considering how dovish Powell was in December, we just saw a LOT of walking back that dovishness. FOMC officials (12...
FOMC Hawkish-Leaning Statement
2:15 p.m. ET I’ve been saying that the bond, FX and credit markets are in disagreement with the equity market...