Category: Intraday Market Update

Probabilities for 1-day overbought internals are pretty high. We have 2 of 3 necessary conditions. The 3rd (dominant price volume...

2:57 PM The mega caps are “part” of the positive change in character last week. Semis and Nvidia were another....

1:59 PM ET Copper pictures are up another 1.65%, heading to a measured move based on the last bull flag...

12:08 PM ET The averages are modestly higher. There’s a bit of a defensive tone with defensive sectors and some...

Closing SPXU (3X short S&P-500) was triggered by a stop out signal on the close. This may be hard to see....

I’m going to post this. Then I’m closing my SPXU long (3X short S&P) since the S&P is closing above...

The Dow met the downside measured move posted in Monday’s Daily Wrap, “the measured move from the smaller triangle on...

2:28 PM ET The S&P is testing the week’s low, as suggested as a likely test in yesterday’s Afternoon Update....

12:28 PM ET The open this morning looks like more of the same, despite a decent decline in PPI, price...

The averages aren’t doing anything in price terms that suggests anything more than the latest bearish consolidation in a long...

153 PM ET This morning’s CPI is that on a year-over-year basis, total CPI was up 2.8%, versus 3.0% in...

I can’t say objectively that we have evidence that short-term down trends done, they are still very much intact, although...

2:59 PM ET The SPX met its full measured move at $5535-$5550 with a low of $5528. SPX (10m) –...

12:41 PM ET The S&P was holding around the flatline until 10 a.m. ET, when President Trump posted the following...

As the S&P (-2.7%) has come within 0.25% to 0.5% of the measured move target for the most recent bear...

2:17 PM ET Selling in mega caps and semis is keeping the pressure of the cap-weighted indices, both of which...

11:51 AM ET “Asset managers were steadily reducing risk in relative out-performers and started rotating into defensives late in the...

942 a.m. ET As has been the recent norm, Bitcoin futures  –being a speculative asset — led Sunday night’s futures...

It looks like yesterday’s one day oversold internals are working out pretty well again today with the benchmark index in...