Fed Funds Rate Unchanged; Two Dissents; Powell Presser Hawkish
This post was supposed to go out at 2:20 p.m. ET. For some reason it did not. I’ll lave it...
Stock Market In wait and See Mode, While The U.S. Dollar and Crude Continue their Advance
12:58 p.m. ET The market has a similar feel to yesterday, mixed, defensive, but a little less so. That’s likely...
Afternoon Update – Key Reversal Days and Resistance
Today’s trade may seem uneventful ahead of key earnings and economic data, as well as the FOMC. One of the...
Oil Spikes
Similar to April, oil prices have recently shown a “change in character,” but the shift has been more rapid than...
Retreat to More Defensive Stance; S&P Potential Key Reversal Day
1:45 p.m. ET Pre-market looked to be off to a better start than morning cash trade has settled into. Additional...
Quick Update
The indices have been fairly quiet in narrow ranges, but just off session lows as the Dollar Index is...
Dollar Strength Weighing On Multiple Assets
1:30 p.m. ET The strong U.S. dollar is pressuring various asset classes, even with the positive news of a U.S.-EU...
Gold Update – Liking What I’m Seeing
2:20 p.m. ET So far I’m liking what I’m seeing on Gold’s price chart. We’ve been following the developments of...
Market Update – Gold At An Interesting Level
1:30 p.m. ET Market action is on the dull side, but has picked up since the open. There’s a more...
Gold Near Trend
Just a quick head’s up. Gold’s pullback is going to have price opening near GLD or IAU’s lower trend lines...
Afternoon Update
Today hasn’t been quite as spicy as the rest of the week. Communications (Alphabet earnings) & Tech are the effective...
REMX & LAC
2:49 p.m. ET REMX is the rare earth ETF a fund manager friend brought to my attention and it was...
Market Update
1:26 p.m. ET Thus far today has started out as a much lower price volatility day with the averages mixed....
Afternoon Update
Robust buying throughout the session has major indices near their daily highs as we near the close. The Dow just...
Intraday Update
Meme stocks have peaked my interest a few times this afternoon, dipping from highs and taking Small Caps lower, then...
More Risk-On, Less Defensive, Mega Caps & Semis Still Lag
12:48 p.m. ET The day has been like many this year, fluid. It’s a bit frustrating for me as I...
Daily Wrap – Meme Stock Madness
I don’t remember the last time a market flip-flopped from day-to-day like we’ve seen the last few weeks. Yesterday it...
Afternoon Update
I’ve been keeping a close eye on markets. It’s been fairly dull since the open set the stage. The markets...
Market Confidence In Mega Caps Earnings Isn’t As High As Portrayed Yesterday; Metals Acting Well
12:52 p.m. ET There’s a little rotation, pretty much the mirror opposite of yesterday. Mega Caps, Tech and Semis are...
Afternoon Update
I’m not sure why Small Caps faded so badly, from tied with the Nasdaq-100 for best on the day, to...
