Afternoon Update
As always on Fridays, this is my last post of the day/week, but I’ll almost certainly have a video out...
Market Update
1:05 p.m. ET Without the debt ceiling risk hanging over the market, we’re getting the rip higher expected once S&P...
Early Update – Strong Cyclical Bias
10:47 a.m. ET Despite the numerous oddities in the Payrolls report (and there are more than a few), the takeaway...
Afternoon Update
As suspected in the last update , Tuesday morning’s highs have acted as local resistance for the major averages. SP-500 (5m)...
Market Update
1:47 p.m. ET The S&P trades back above $4200 and all of the averages trade near the best levels of...
Early Update
11:14 a.m. ET The market opened to mixed trade without a lot of conviction in direction or tone, but there...
Market Update
3:08 p.m. ET Yep, today’s trade looks like the consolidation needed in the Tech sector, NASDAQ-100 and Semiconductors, while the...
Intraday Update
12:54 p.m. ET Toward the end of this morning’s Early Update I showed a 3C chart of the SPY, with...
Early Update -Recession Fears Creeping In
11:50 a.m. ET The recessionary concerns are ramping up fast. First there was weak manufacturing data from China for a...
Afternoon Update
As touched on in the last post, the S&P has had a dull day, but the price action has had...
Market Update
2:00 p.m. ET Yields that rose ahead of the debt ceiling deal between Biden and McCarthy this weekend, are coming...
Early Update
11:29 a.m. ET The market had a decent, but mixed open as was apparent by index futures in pre-market with...
Market Update – SPX $4200
1:19 p.m. ET The benchmark index is trading just above $4200. This is the 6th day the index has at...
Early Update – NASDAQ, Tech, Mega-Caps and Semis Lead. S&P Near $4200
11:33 a.m. ET This update took a while as there’s a lot to cover, but the gist is the market’s...
Afternoon Update
3:31 p.m. ET Around 2 p.m. news broke that President Biden put forth a plan to freeze spending for 2...
Market Update – Mega-Caps Provide Huge Support, While The Debt Ceiling Is Causing Extremely Weak Participation
12:59 p.m. ET Mega-Caps are providing huge support to the cap-weighted indices, while the debt ceiling is causing extremely weak...
Early Update – Mega-Caps Lift, While Debt Ceiling Restrains
10:57 a.m. ET The gist of the morning’s early trade is NVDA lifted the S&P and NASDAQ-100, but the debt...
Afternoon Update
3:34 p.m. ET As we near the close, tone is improving, especially in the mega-caps/NASDAQ-100. SP-500 -0.35%, Dow -0.4% (Transports...
FOMC Minutes – Non-Event
2:13 p.m. ET There’s actually quite a lot in the Fed Minutes, but it seems no major surprises as the...
Yields/Dollar vs. SPX Update
12:23 p.m. ET As mentioned, toward the bottom of the Early Update , I took a look at the Dollar/ and...