Market Update – Higher Yields Pressuring Stocks
2:56 p.m. ET A very ugly, near catastrophic 5-yr Treasury auction sent yields surging and that’s been weighing on the...
Early Update
11:40 a.m. ET This morning has a pretty much perfect storm of favorables for the market. Netflix and other Tech...
Afternoon Update
There’s not much to add to the last post. That little intraday pick up in 3C helped lift the averages...
Intraday Update
2:01 p.m. ET The S&P and NDASDAQ-100 are virtually unchanged, while Dow Transports and Small Caps lag behind after their...
Early Update – In “Wait & See Mode”
11:13 p.m. ET Economic data is light today with no tier 1 data. What we do have: The Richmond Fed...
Afternoon Update
Nothing has changed since the last update. With these small bodied daily candles in the SPX. NDX and DJIA, they’re...
Intraday Update – No Longer Short Term Oversold
1:55 p.m. ET Most of the averages are well off session highs except Transports. We may see more short covering...
Early Update -Shorts Getting Pinched, Mega-Caps Losing Momentum; An Unusual VIX Signal Developing
11:58 a.m. ET Friday was a HUGE options expiration and dealers were caught short calls. The S&P jumped to a...
URA Consolidation
3:39 p.m. ET It’s not a perfectly parallelogram, but it’s close enough that I’d call this a bull flag. URA...
Intraday Update
3:32 p.m. ET Dealers got caught short a huge amount of calls into today’s options expiration and all it took...
Early Update
1:38 p.m. ET Apologies for the late post, but I finally got to talk to a software engineer on the...
Afternoon Update -Small Caps May Bounce Next
3:43 p.m. ET The oversold bounce may have more to go, but the divergent scenarios mentioned last night and in...
Bitcoin Testing Below $42k
12:58 p.m. ET From last night’s Daily Wrap, “I didn’t like what I saw when Bitcoin tested $42k and honestly,...
Early Update – Ducks in a Barrell
12:05 p.m. ET The market oversold bounce is going exactly as I hoped and expected. Really it’s just the NASDAQ.,...
Market Update – Ugly, But Hoping For Short-Term Oversold Conditions To Kick In
3:02 p.m. ET While the 10-year yield seems to have topped for the day, the Fed-rate sensitive 2-year yield keeps...
Early Update
12:13 p.m. ET As I was saying in last night’s Daily Wrap, I don’t think the market is wrong about...
Afternoon Update- Ugly, But Probably 1-Day Oversold
3:31 p.m. ET The averages sit near session lows. It’s a tough environment today with the U.S. Dollar Index jumping...
Early Update -Not Horrible Percent Moves, But Weak Market Action
12:22 p.m. ET Rising Rates and a decent jump in the Dollar weigh on stocks this first trading day of...
Airlines – Another One Biting the Dust
3:00 p.m. ET All of these November/December “rally”, or rather SHORT SQUEEZE favorites (crap stocks that only rallied because of...
Early Update – Lots Happening This Morning
12:12 p.m. ET I have a lot for you in this post. The overall view of the market is not...