Category: Intraday Market Update

11:57 a.m. ET So far everything looks pretty much as I’d expect for the extent of yesterday’s short-term oversold dynamics....

After running through the charts near the close, I stand by most of what’s in the last post, except I...

I’m going to give you some quick-takes of how I think things are likely to play out. Of course we’ll...

2:21 p.m. ET The U.S. Dollar Index, which has been consolidating in a very clearly bullish pattern in the cash...

1:01 p.m. ET All 11 S&P sectors are lower from -0.3% to -2.3%. The worst performing sectors are Rate sensitive...

11:09 a.m. ET Several charts have been quietly coming together that suggested the highly concentrated market positioning in rate sensitive...

If you saw the last post, it almost seems as if Goldman Sachs is top-ticking the mega-cap run of 2024,...

2:29 p.m. ET This afternoon the S&P tumbled from session highs to near session lows. The Tech-heavy NASDAQ-100 tumbled to...

11:26 a.m. ET The major averages have improved since their flat open, but they’re not doing anything too out of...

3:10 p.m. ET Market breadth has improved since this morning as the FOMO instinct kicks in. There are now 8...

11:05 a.m. ET Index futures gapped the market higher and the S&P above 5,000 (although it was less than a...

The S&P made another close call, within 32 cents of 5,000, or about 0.01%, but didn’t make it. SPX (1m)...

1:50 p.m. ET Well, it’s quite an anticlimactic rise into SPX 5,000. While yesterday the index came within 11 cents...

11:17 a.m. ET As has been the case all earnings season, we’ve seen mixed responses since yesterday’s close. It’s important...

The S&P has been sitting 3 to 5 points or 0.1% or less, from 5,000 since 10:30 a.m. ET and...

2:11 p.m. ET The S&P has come within 5 points of 5,000, which was only 0.85% higher from Friday’s close....

11:57 a.m. ET SP-500 +0.75%, Dow +0.45% (Transports +0.8%), NASDAQ-100 +1.05%, Small Caps -0.4%. The S&P is only 12 points...

Treasury yields are down after a sharp rise over the last few sessions and just as they ran into a...

1:24 p.m. ET We didn’t quite get 1-day oversold internals yesterday, but darn close. All that was missing was the...

Friday the S&P made a new record closing high with more stocks falling (276) than closing higher (223). One of...