Category: Intraday Market Update

1:34 p.m. ET Well the U.S. Dollar dived (-0.25%), but like last week, has nothing to do with the U.S....

11:06 a.m. ET This morning’s early theme is that of a reversal of yesterday’s 1-day Tech led rally; one which...

With 8 of 11 sectors higher, the 2024 leaders that were sold into last Friday, and were in “Wait and...

1:48 p.m. ET I expected this morning’s bounce in mega-caps, Tech, semis would ultimately see selling into price strength as...

11:21 a.m. ET The averages gave up post-CPI gains after the cash open, but have since bounced off the morning...

This is a pretty simple one. There’s no oversold conditions. It looks lie we’re going to end the day with...

2:26 p.m. ET The stock market entered the new week on a soft note, following through from declines on Friday....

11:10 a.m. ET We’re seeing follow through selling in 2024’s market leadership. Not surprising given Friday’s tone and weak closes....

1:55 p.m. ET We’ve been watching the signs (and for signs) and NASDAQ-100’s inability to make a new high (above...

11:45 a.m. ET More on Payrolls…. Of course January’s strong beat of Payroll’s was revised lower; from 353k jobs added...

3:16 p.m. ET Mega-caps have been running the show this afternoon. They’re leading the Equal Weight S&P by 60 basis...

2:14 p.m. ET Briefly, Fed Chair Powell’s testimony before the Senate Banking Committee did not produce any surprise headlines. Powell...

11:17 a.m. Et So far this morning the theme is, “Second verse, same as the first”. The averages are filling...

Stocks have moved lower over the last 2 hours as those gaps above are still providing some resistance. Still, only...

1:46 p.m. ET Powell’s first day of testimony before Congress is over. Powell didn’t say anything new or surprising so...

12:05 p.m. ET Wall Street Journal just reported that NYCB has contacted investment firms on possible equity sale. NYCB is...

11:14 a.m. ET Powell is testifying before Congress. I added the YouTube link in the last post. I’m listening carefully....

Powell is just starting his testimony. Here’s the YouTube link....