Afternoon Update
Today is going to end up being a very bullish day, likely kicking off additional gains over coming days and...
Intraday Update
2:47 PMET Market tone has improved dramatically since Trump’s tariff tweet. Why? It takes uncertainty off the table, at least...
Fast & Furious – Trump Hikes China Tariffs, Suspends the Rest For 90-Days
1:29 PMET Markets are rising quickly, not on the 10-yr auction, but the latest Trump tweet on Truth Social…. although...
Mixed Auction Results & Evidence Of A Liquidity Problem
Results from the 10-yr Treasury auction at 1 p.. are in and they’re mixed, but present evidence of a major...
1 p.m. Treasury Auction Coming Up – It Could be Important
The averages are pretty similar in terms of testing near measured moves/week’s lows. SPX (15m) DJIA (15m) NDX (15m) Small Caps...
Early Update – Looking For a Test
11:36 AM ET S&P sectors are mixed with 5 up and 6 down. The Technology sector (+1.3%), Mega Caps (+0.9%)...
Afternoon Update
Despite today’s pretty extreme intraday price volatility in the stocks, which is a function of elevated volatility levels, I’m still...
Market Update – Trade War Escalation
1:20 PM ET It’s another fast moving session with information changing quickly. I’ll leave some charts the way they are...
Afternoon Update
The two most important/influential averages reached second leg down measured moves early in the cash session. If we stick with...
Intraday Market Update – Some Interesting Signals At Measured Moves.
1:30 PM ET SP-500 -0.1%, Dow -0.9% (Transports -1.25%), NASDAQ-100 +0.55%, Small Caps -0.3% The White House called out the...
Measured Move Targets Hit
10:56 AM ET The S&P’s measured move for the second leg down was the $4900-$4925 area. It has tagged the...
Afternoon Update
I don’t usually have a Daily Wrap post on Friday’s, but I’ll have something after the close and a weekend...
Market Update – Some of the Ugliest Trade in Years
2:58 PM ET Nothing about price action looks remotely constructive, just panicky selling. SPX (10m) SPX (daily) – the 2018...
Market Update – Flurry of News
12:49 PM ET There’s so much happening — you all should see my blood pressure at the end of the...
Things Are Getting Serious Fast
I’m trying to get this post out fast, some of the price-percent changes may have changed as things are moving...
Afternoon Update
Since the cash open, the S&P (-4.8%) has been in an intraday range of about 1.5%. The price action was ...
Intraday Update
1:30 PM ET S&P futures are pretty close to yesterday’s tariff reaction lows. ES (2m) – Just above, but there’s...
Early Update -Shoot First, Ask Questions Later
11:09 AM ET For my own sanity, I’m going to try to work in more bite-sized chunks with shorter, more...
Afternoon Update – Tariffs Up Next
You now my stance on market uncertainty. To that end, according to reports citing administration sources, President Trump has been...