Market Update – Stocks Have A More Defensive Posture. Crude, URA and Gold Look Good
137 PM ET The stock market has a mixed complexion, although moves to the upside and to the downside at...
Afternoon Update
Things are only getting uglier especially since news that the State Department is preparing to order all nonessential personnel to...
Getting Uglier- Taking Some Action
2:36 PM ET As suspected, the London trade talks look to be a sell the news event. 3C charts are...
Market Update – Sell the Trade Talk News? Maybe.
1:20 PM ET More details and a clearer picture are emerging from the US China trade talks in London. Trump...
Intraday Update
2:25 PM ET Just a quick update before i go to get my labs done. Today’s $58 bln 3-yr note...
Market Update – TACO Tuesday?
12:51 PM ET Today’s market tone remains modestly bullish, consistent with yesterday, driven by short covering. Stocks seem eager to...
Afternoon Update
The trading day started with some anticipation related to trade talks between representatives from the U.S. and China, but it...
WTI Crude Breakout?
We’ve been watching WTI crude oil for quite a while, transition from pretty bearish action to a “W” base with...
Market Update – More of The Same Near $6k, Waiting On a Catalyst
1:11 PM ET Not much change today in general trends. Last week I said the bulls still had control of...
Still At $6000
It’s was a decent day for the market, but it doesn’t move the needle. SPX (3m) closed $0.34 from $6,000...
Market Update – The SPX $6k & 30-yr Yield 5.00% Dichotomy
1:28 PM ET Stocks ,yields and the dollar are up today. Remember that there is a positive correlation at present...
Afternoon Update
Things are going into overdrive on social media between Elon Musk and president Trump. I won’t get into the details...
SPX $6k -And Mega Caps Fade.
1:24 PM ET The market has overcome some disappointing economic data to head to SPX $6k. Most notably, the productivity...
Afternoon Update
The S&P 500 continues to sport a modest gain, having seen its attempt to reclaim the 6,000 level run into...
ADP Jobs Report Spooks The Bond Market, Stocks Stall
1:20 PM ET There’s a lot to take in today, mostly in conflicting economic data in the form of ISM...
Afternoon Update
In my view, there’s not too much to get worked up about today, whether you’re a bull, bear or in-between....
Intraday Update – Rates Off The Lows, Steel Tariffs & “The Range”
2:29 PM ET In April and the first half of May, yields and stocks had a positive correlation reflecting economic...
Market Update – SPX $6k? URA Breakout?
12:47 PM ET Yesterday’s yellow flags backed off with the Dollar holding support a $98.77, Gold pulling back from $3400,...
Intraday Update
3:09 PM ET The last post didn’t go out when it was meant to at the time stamp of 2:19,...
U.S. – Iran Nuclear Deal Proposal
2:19 PM ET “The nuclear deal proposal the U.S. gave Iran on Saturday would allow limited low-level uranium enrichment on Iranian soil for...