Category: Intraday Market Update

All 11 Sectors are green and  Advancers have a 3-to-1 edge over decliners. Breadth is better today due to Small...

2:17 p.m. ET Earlier I was talking about the theme of the market gravitating to important key levels, around important...

1157 a.m. ET The averages jumped at the cash open… S&P futures (1m) – It seems pretty clear that algos...

It’s been a slow day, predictably. Breadth is slightly positive, but definitely not 1-day internal signal levels. There are rumors...

1250 p.m. ET Mixed action in the mega cap space has contributed to the overall mixed vibe in the market. NVIDIA (NVDA...

Higher and higher yields are keeping some pressure on multiple asset classes, from stocks, to Cypto, to gold. The 2...

2.07 p.m. ET I meant to add these few charts with regard to rates. After dropping to 4.23% this morning,...

1:48 p.m. ET I think I’ve seen enough today to call price action what it is… the consolidation phase (bearishly...

Index futures are up between +0.4 and +0.5% with Russell 2000 +0.75%. Nonfarm payrolls missed big with only 12,000 jobs added...

OK. So Maybe the Israel/Iran tit-for-tat isn’t over. Apparently Iran is preparing for a “major” retaliatory strike against Israel, based...

12:58 p.m. ET As yields meet some resistance (higher yields have been part of the pressure on stocks this morning),...

11:18 p.m. ET A lot of the market price patterns/signals are being played out this morning. SP-500 -1.6%, Dow -1%...

3.52 p.m. ET VIX (+3.9%) is displaying relative strength after a somewhat volatile start that included relative weakness in the...

2:28 p.m. ET OK, back online with 3C charts… You already now 3C’s non-confirmation for SPY since yesterday on short...

12:03 p.m. ET The market was off to an even uglier start in the tech space than premarket, but we’re...

The NDX (+1.15%) is currently trading +0.15% above the local resistance highlighted in the last post as yields continue to...

230 p.m. ET U.S. Treasuries have risen off their lows (higher yields intraday), thanks to the afternoon $44 bln 7-yr...

12:34 p.m. ET Yesterday I wrote that compared to stocks, I thought commodities and precious metals looked a lot more...

3:45 p.m. ET Earlier I characterized the market (despite Sunday’s gap up open in futures) as “Wait an See” or...

12:57 p.m. ET One of the primary drivers of today’s trade is one of at least 4 or so major...