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...
Early Update – Mega-Caps’ Under Pressure
11:48 a.m. ET There’s a lot to take in this morning! We went from a very dull, low volume holiday season...
Afternoon Update
I’m not sure I’d make too much of today, but the average that’s lost the most today (Small Caps -1.1%...
Early Update – Some Interesting Things To Consider
11:49 a.m. ET December’s Chicago PMI dropped from 55.8 to 46.9 (back into contraction) and well below the expected level...
Afternoon Update
Today has ben quite dull as we near the holiday weekend. The S&P has traded in an extremely narrow 10...
Something To Pay Attention To: The Equity/Rates Correlation
12:53 p.m. ET The S&P is trading pretty much as expected, in a modified Falling Three Methods type of price...
Early Update
11:19 a.m. ET Trading ranges are small. The S&P’s high to low range is only 8 points, but it’s only...
Afternoon Update
We’re really getting into the dull markets of the end of year holiday sessions. There really hasn’t been much change...
Early Update
11:45 a.m. ET After yesterday’s 1-day overbought internals, the market is acting as expected, it has paused. SP-500 +0.05%, Dow...
Intraday Update
2:51 p.m. ET If you’ve extended your Christmas vacation and aren’t watching the market carefully, you’re not missing much in...
Early Update – Falling 3 Methods Intact
10:59 a.m. ET Welcome back from the Christmas Holiday. I hope it was a great day for you. Not much...
Intraday Update – Stocks and gold come down
2:41 p.m. ET It’s been a really quiet day. For the most part, nothing changed with no material movement since...
Early Update – Defensive Sectors Testing Resistance
11:09 a.m. ET Taking a quick look around this morning, volume is not surprisingly below average for this time of...
Afternoon Update
3:30 p.m. ET All of the averages took yesterday’s strong 1-day oversold internals and turned that into a pause in...
Watch For Bearish Consolidations Next
1:05 p.m. ET It’s too early to map these out. We need more price data. I suspect we’re probably going...
Early Update – Oversold Bounce, But No Help
11:17 a.m. ET For what most expected to be a slow holiday week, we’ve had some interesting days. Tuesday’s 1-day...
Afternoon Update – TROUBLE
3:41 p.m. ET I may have another update if necessary, but given all of the work I’ve done in the...
Getting Close To Failed Breakouts
3:01 p.m. ET Today’s been dull as a 1-day overbought condition (yesterday) within an uptrend would suggest, but as I...
Market Update – Transports and Small Caps
2:39 p.m. ET Today feels like what I expected from the start of the week, dull trade as trading desks...
Early Update – Mega-Caps In Today
10:54 a.m. ET As seen late yesterday, there was rotation out of Small Caps into the close, and into S&P...