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...
Afternoon Update
What a crazy, unexpected day in Treasuries. Treasury yields turned notably lower in response to the Treasury Budget data with...
Intraday Update
3:17 p.m. ET The “buy the dip” crowd I mentioned earlier were 0DTE (Zero Days To Expiration) option traders trying...
An Interesting Day So Far…
1:42 p.m. ET It has been quite a surprising day so far with a lot of moving parts. Yields jumped...
Intraday Update – Bitcoin ETF?
3:09 p.m. ET Most of the averages, excluding Small Caps, just got some pep in their step and it seemed...
Early Update – Right Shoulder Looking Perfect
12:00 p.m. ET This morning’s early look is quite simple. The market averages are very little changed. That leaves prices...
Afternoon Update
Not much has changed since the last update. The averages are trading from just slightly above the flat-line (NASDAQ) to...
Quick Look At The Averages
2:12 p.m. ET I thought I’d give you the “feel” of the averages, some sectors as groups and my thoughts...
Early Update – 10-yr Above 4.00% Causing Trouble
11:48 a.m. ET Given yesterday’s strong close, price is not acting well this morning, but as I warned last night,...
Everything Seems About Right
2:40 p.m. ET So far the S&P is doing exactly what I suspected after coming down to make a lower...
Early Update – Right On Track
11:36 a.m. Et According to Bloomberg, last week, the first trading week of the New Year, saw the worst cross...
Afternoon Update
Today has been a pretty dull, slow day, which has given me time to dig into a few subjects that...
The Magic of the Government’s BLS Jobs Report & The Psychology of a H&S Top
3:00 p.m. ET SP-500 -0.05%, Dow -0.15% (Dow Transports -0.15%), NASDAQ-100 -0.05%, Small Caps -0.45% While the headline Payrolls report...
Early Update – I’m Surprised, But Not Really
This is going to be a different kind of Early Update, but one I think is timely and needed. I...
H&S Neckline Coming Into View
2:12 p.m. ET In yesterday’s Daily Wrap I laid out a scenario that looks likely, although I’m always open to...
Afternoon Update
3:33 p.m. ET SP-500 -0.6%, Dow -0.6% (Transports -1.5%), NASDAQ-100 -0.85%, Small Caps -2.6% This week starts the first trading...
FOMC Minutes Not As Dovish As Powell Portrayed
2:42 p.m. ET Given some of yesterday and today’s developments, earlier today (and yesterday) I wondered whether the FOMC Minutes...
Early Update – Small and Mid-Caps Turn
11:54 a.m. ET Yesterday it was the mega-caps getting hit, this morning its the Small Caps and Dow Transports. You...
Afternoon Update
What started out as pretty much mega-caps weighing the market down, has spread to a wider risk-off sentiment. The...
Getting Uglier – Taking a Look At Tech
3:02 p.m. ET SP-500 -0.9%, Dow -0.2% (Dow Transports -0.9%), NASDAQ-100 -2.1%, Small Caps -0.95% The mega-caps (MGK -2.25%) are really...