Category: Intraday Market Update

The averages are in various states of consolidation / profit taking following Powell’s Jackson Hole commentary and related advances with...

It has been a long day of looking at knee-jerk reactions. I don’t want to rush the Afternoon Update. I...

Busy Day! All 11 sectors opened higher in a broad-based advance ahead of Powell. Powell just reinforced the optimistic expectation....

I’ve been quiet today because there’s not much I can add to what I laid out last night. The day...

11:54 a.m. ET So far price action looks pretty much like the example trend line I drew in yesterday, Tech...

3:24 p.m. ET The earlier dip buyers got cautions ahead of the FOMC Minutes. SPY (1m) It does look like...

2:23 p.m. ET Summarizing the FOMC Minutes, at least the important parts, several participants said that the current Fed funds...

12:23 p.m. ET Measured moves like SOX’s often are surpassed as emotion overwhelms, like this morning’s fear – a powerful...

11:21 a.m. ET This morning is largely a carbon copy of yesterday, dumping growth, momentum, Technology, megacaps, semis on one...

Index futures are on track for a slightly lower open. There are no consequential economic data releases today, but the...

OK, the market is sitting just off session lows. Semis’s relative weakness signal wasn’t huge, but it was there with...

This market is getting crazier and crazier. The underlying cross-currents are absolutely insane. Value (+0.2%) is outperforming Growth (-1.4%) by...

President Trump and Ukrainian President Volodymyr Zelenskyy are currently meeting with a coalition of European leaders at the White House...

1:11 p.m. ET The market’s in a holding pattern, presumably awaiting results of the Oval office meeting between Zelensky, Von...

As options expiration comes to an end, a there is a lot of news coverage surrounding the summit between President...

Index futures and indices have been coming down since shortly before the European open. The decline accelerated at the U.S....

The S&P 500 (+0.1), Dow (+0.05%) and Nasdaq-100 (0%) trade near their flat lines. As a cohort, the three indices...

1:43 p.m. ET In yesterday’s Afternoon Update, I wrote, “The near-term risk is tomorrow’s PPI has some surprisingly hot component....

The last two days have been pretty wild. Today, probably even more so, and it’s had me scrambling to put...

1:22 p.m. ET There are quite a few different cross currents so far today. I’m trying to figure out how...