3C Update
2:05 p.m. ET I’m seeing good confirmation on the shortest, fastest, most sensitive (but also weakest) 3C timeframes for the...
Early Update – Goldilocks Economic Data and Defensive Bias
11:58 a.m. ET CPI came in mostly as expected, with headline CPI better (cooler) than expected. Retail Sales missed (weak)....
Intraday Update – Mega-Caps Starting To Lead
2:40 p.m. ET The mega-caps are starting to display better relative performance and support the major averages as yields drop...
Biotechs (XBI)
With the recent short covering due to the Reddit/GameStop crowd, we’re seeing some massive short covering in the Most Shorted...
Early Update – Massive Short Covering As Meme Stock Mania Returns
12:28 p.m. ET It’s been a busy and volatile morning. I’ve been listening to Powell and watching the market. As...
Afternoon Update On The Way
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Early Update – Consumer Expectations of Inflation Take Some of the Shine Off Early Gains
12:11 p.m. ET The market has been fluid this morning, from 10 of 11 sectors higher and yields 3 bp...
Early Update – Uglier Than The Averages’ Percent Change Look
12:06 p.m. ET Last night I presented some data that suggests the U.S. consumer may be near tapping out. This...
SPX $5209 Tagged
3:04 p.m. ET Treasury yields have dipped down to session lows (good for stocks… right now) after a stellar 30-year...
Early Update – SPX Just Above $5200, NASDAQ-100 More Evidence Of Selling
11:46 a.m. ET The open wasn’t great for Tech-heavy NASDAQ-100 futures, NQ (1m) jumping on initial claims, dumping into the...
Afternoon Update
3:18 p.m. ET Most of the major averages are flat on the day. The DJIA holds a modest gain, while...
Early Update
12:17 p.m. ET It seems to me that we’re seeing pretty much exactly what I expected as measured moves were...
Averages Pull Back As SPX Tags $5200 ($5200.23)
2:52 p.m. ET The S&P-500 tagged $5200 ($5200.23) and immediately pulled back from session highs. The NASDAQ-100 pulled back at...
Early Update
12:47 p.m. ET After strong closes for SPX and NDX yesterday, all averages are higher, but most with more moderate...
Afternoon Update – Chipping Away At The Measured Move
I’m going to get this post out a little earlier than normal just so we can keep an eye on...
Early Update – Bounce Is Going Smooth, But Some Weaker 3C Charts Developing
12:30 p.m. ET Our bounce is going along smoothly and heading toward measured moves (SPX $5200). there is some slight...
Intraday Update – Resistance
2:21 p.m. ET The averages are still acting well. 10 of 11 S&P sectors are higher. Advancers are better than...
Early Update – Higher Highs For All of the Averages, but Price & Technical Resistance Nearby
12:23 p.m. ET As commented on yesterday with regard to the Payrolls report, “if there were a time for a...
Afternoon Update -Apple Reporting After The Close
Stocks reached intraday highs as yields declined to intraday lows, but the major averages haven’t made that higher high in...
Market Update Ahead of Apple Earnings & tomorrow’s Payrolls Report
2:42 p.m. ET The S&P 500 is trading 0.9% higher and the NASDAQ-100 sports a 1.25% gain. The Russell 2000...