Category: Intraday Market Update

There are some important aspects I want to cover, so the post will be out after the close, but not late....

2:30 p.m. ET I’m not seeing much change in 3C today, which suggests to me that the underlying trend is...

1156 a.m. ET The November employment report got a positive reception rom the stock and bond markets. It was neither...

The averages are back to mixed/little changed. Semis’ decline from an earlier intraday near flag, has taken a toll on...

158 p.m. ET Semis (SOX -1.9%) is starting a second leg down from a bearish flag consolidation on an intraday basis...

12:22 p.m. ET This morning’s tone has more of a low conviction, risk-off feel. Growth style factors (+0.3%) have a...

As noted this morning, there’s not a lot of movement in 3C on the day, at last as of yesterday’s...

2:55 p.m. ET The market is listening to Powell, but thus far it’s been more of a fireside chat than...

1244 p.m. ET There was some early index future volatility into the cash open. S&P is little changed from pre-market with...

This wasn’t the session I was expecting or hoping for. There’s simply no conviction, which makes you wonder following the...

2:40 p.m. ET As index futures pointed the way in pre-market, they weren’t wrong with the averages mixed, but mostly...

Ahead of the close, the SPX +0.25% is near session highs, benefitting from mega caps/semi relative strength. The Dow -0.3%...

2:35 p.m. ETSPY (1m) doesn’t suggest that SPY is getting all that much support on the day. QQQ (1m) suggests...

1:10 p.m. ET Rates have declined since this morning, but it hasn’t led to any increased buying. The main takeaway...

1120 a.m. ET Rising market rates have kept pressure on equities after a stellar showing in November. Intel CEO, Pet...

On the holiday shortened week: SPX +1.06%, DJIA +1.39% (Transports +1.45%), NDX +0.74%, Small Caps +1.34%. And S&P sectors on...

11:05 p.m. ET The market is off to a decent start on this holiday shortened session. A drop in market...