Quick Look At The Averages
2:12 p.m. ET I thought I’d give you the “feel” of the averages, some sectors as groups and my thoughts...
Early Update – 10-yr Above 4.00% Causing Trouble
11:48 a.m. ET Given yesterday’s strong close, price is not acting well this morning, but as I warned last night,...
Everything Seems About Right
2:40 p.m. ET So far the S&P is doing exactly what I suspected after coming down to make a lower...
Early Update – Right On Track
11:36 a.m. Et According to Bloomberg, last week, the first trading week of the New Year, saw the worst cross...
Afternoon Update
Today has been a pretty dull, slow day, which has given me time to dig into a few subjects that...
The Magic of the Government’s BLS Jobs Report & The Psychology of a H&S Top
3:00 p.m. ET SP-500 -0.05%, Dow -0.15% (Dow Transports -0.15%), NASDAQ-100 -0.05%, Small Caps -0.45% While the headline Payrolls report...
Early Update – I’m Surprised, But Not Really
This is going to be a different kind of Early Update, but one I think is timely and needed. I...
H&S Neckline Coming Into View
2:12 p.m. ET In yesterday’s Daily Wrap I laid out a scenario that looks likely, although I’m always open to...
Afternoon Update
3:33 p.m. ET SP-500 -0.6%, Dow -0.6% (Transports -1.5%), NASDAQ-100 -0.85%, Small Caps -2.6% This week starts the first trading...
FOMC Minutes Not As Dovish As Powell Portrayed
2:42 p.m. ET Given some of yesterday and today’s developments, earlier today (and yesterday) I wondered whether the FOMC Minutes...
Early Update – Small and Mid-Caps Turn
11:54 a.m. ET Yesterday it was the mega-caps getting hit, this morning its the Small Caps and Dow Transports. You...
Afternoon Update
What started out as pretty much mega-caps weighing the market down, has spread to a wider risk-off sentiment. The...
Getting Uglier – Taking a Look At Tech
3:02 p.m. ET SP-500 -0.9%, Dow -0.2% (Dow Transports -0.9%), NASDAQ-100 -2.1%, Small Caps -0.95% The mega-caps (MGK -2.25%) are really...
Early Update – Mega-Caps’ Under Pressure
11:48 a.m. ET There’s a lot to take in this morning! We went from a very dull, low volume holiday season...
Afternoon Update
I’m not sure I’d make too much of today, but the average that’s lost the most today (Small Caps -1.1%...
Early Update – Some Interesting Things To Consider
11:49 a.m. ET December’s Chicago PMI dropped from 55.8 to 46.9 (back into contraction) and well below the expected level...
Afternoon Update
Today has ben quite dull as we near the holiday weekend. The S&P has traded in an extremely narrow 10...
Something To Pay Attention To: The Equity/Rates Correlation
12:53 p.m. ET The S&P is trading pretty much as expected, in a modified Falling Three Methods type of price...
Early Update
11:19 a.m. ET Trading ranges are small. The S&P’s high to low range is only 8 points, but it’s only...
Afternoon Update
We’re really getting into the dull markets of the end of year holiday sessions. There really hasn’t been much change...