Category: Intraday Market Update

2:02 p.m. ET Selling has accelerated over the last hour or so, which brought the S&P 500 below the 4,200...

11:43 a.m. ET It’s an ugly start to the day with multiple bear flags from yesterday broken, but some key...

Since my afternoon posts Friday, I’ve expected the averages to enter consolidations starting this week and for those consolidations to...

2:53 p.m. ET UNG’s (+1.3%) price and 3C charts are looking better since yesterday with some slight improvement noted this...

11:59 a.m. ET After 5 losing sessions, stocks are catching a bid, but it appears to be well within the...

3:26 p.m. ET Other than the facts that this week is heavily skewed toward mega-caps earnings, and the group has...

11:52 a.m. ET It’s been a very dynamic and fast moving morning , requiring me to update this post several...

3:13 p.m. ET As per the Early Update, “I do suspect the averages are going to find some intraday support...

11:25 a.m. ET Stocks are being sold  ahead of the weekend when participants would not be able to react in...

2:18 p.m. ET As Powell spoke there were some knee jerk reactions in stocks and rates, which should be no...

11:22 a.m. ET Additional data since the is morning includes: Existing home sales decreased 2.0% month-over-month in September to a...

On the middle east front, the U.S. vetoed the UN resolution for a Gaza ceasefire. President Biden’s trip did not...

2:20 p.m. ET Last Thursday a dismal 30-year UST auction (3rd in as many days) sent yields soaring and stocks...

12:07 p.m. ET Since pre-market, stocks have fallen more as yields climb with the 10-year yield reaching a new intraday...

Other than what we already knew from this morning, that treasuries hold sharp losses and stocks have positively diverged any...

1:42 pm. ET The Rates/Stock correlation is so strong (despite the day’s inefficiency on the whole, which has happened a...

11:55 a.m. ET Since pre-market some additional economic data has come in. Total industrial production increased 0.3% month-over-month in September...

2:45 p.m. ET Virtually nothing has changed since the early update. SP-500 +1%, Dow +0.9% (Transports  +2%), NASDAQ-100 +1.2%, Small...

11:49 a.m. ET As I talked about in the weekend video, what happens early this week has everything to do...