*Note to Subscribers
Hey everyone, this is Jennifer, Brandt’s partner. He asked if I could reach out to give you heads up as...
Afternoon Update
The major averages have jostled around following the release of the FOMC minutes and the March Treasury Budget which showed...
Stocks Get A Smack of Reality With Hot CPI
2:26 p.m. ET Today’s trade features a strong negative bias, largely focused on Value style factors (as recent sell programs...
Afternoon Update
There was something interesting about today’s trade –actually a few things — but it was another inconsequential day ahead of...
Off the Lows – Tone Still Stinks
1:57 p.m. ET The averages are off the morning lows as expected after some morning selling. SP-500 -0.3%, Dow -0.35%...
Early Update -Sellers Show
11:08 a.m. ET This morning was set for a dullish day, but with the pull back in the Dollar and...
Market Update
2:19 p.m. ET First my apologies. I was sick (vomiting) for 20 hours straight from Saturday morning through Sunday morning...
Afternoon Update – Not a Pretty Week For Stocks, But Great For Gold, Oil and Yields.
Circling back to the March Jobs report which came in with a solid 4-sigma beat — Full-time jobs actually saw...
Intraday Market Update
2:40 p.m. ET Mega-caps (+1.45%) have had a good day, supporting the broader market despite a jump in yields (+5...
Early Update – Yields and Mega-Caps Higher, But Underlying Weakness
11:12 a.m. ET I was surprised to see so little reaction in index futures this morning (one way or another)...
Afternoon Update
What a wild ride the say has been. At first it seemed the bear flags were ruined by this morning’s...
Market Update
3:14 p.m. ET Oil prices are rising this afternoon in response to news that the UAE has announced it is...
Early Update – Most Gaps Filled
11:45 a.m. ET S&P futures were up +0.3% at 8 a.m. and jumped to +0.65% shortly after a miss in...
Afternoon Update
My highest probability scenario yesterday afternoon was for the averages to consolidate in bearish flags, and to fill yesterday’s gap...
Intraday Update – Gold New Record High After Powell
2:13 p.m. ET There hasn’t been a lot of up or down movement at the index over the last half...
Early Update – Consolidation / Gap Fill Underway
11:33 a.m. ET First, economic data since the open: The ISM Non-Manufacturing PMI decreased to 51.4% in March (consensus 52.6%)...
Intraday Update – Price Consolidation/Gap Fill ?
3:17 p.m. ET It “seems” like we’re increasingly likely to see the averages consolidate today’s losses in bearish consolidation patterns,...
FOMC Retrace
1:27 p.m. ET Before the FOMC or major Fed events, I’ve always warned to beware of the knee-jerk reaction in...
Early Update – Failed Breakouts?
11:14 a.m. ET There’s a lot going on this morning as rates and oil jumped to new highs for the...
Afternoon Update
Last week I wrote numerous times that we’re at a very interesting and informative area, with a number of bullish...