Early Update
11:08 a.m. ET The bear flags remain in all of the averages with some extra validation of the trend lines...
Intraday Update
3:25 p.m. ET Just a quick note. As we head into the close, the S&P is currently sitting above its...
Market Update
1:27 p.m. ET We still have those bear flags as suspected at the end of last week. Specifically the expectation...
Early Update
10:53 a.m. ET SPX +0.45%, Dow +0.25% (Transports +0.45%), NASDAQ-100 +0.6%, Small Caps +0.7% First things first, as suspected, the...
Afternoon Update
On the week the S&P is down (as of this writing) -1.4%, NASDAQ-100 is down -1.5%, Dow Transports down -4.1%...
Market Update – Some Flags Breaking
3:18 p.m. ET It feels like it may be a hectic close. Several of the bear flags are breaking down,...
Still Consolidating in Bear Flags
1:48 p.m. ET Today feels a bit more like the holiday shortened week’s typical dull trade, but it’s not benign...
Early Update – Consolidations Taking Better Shape
10:50 a.m. ET The gist of this morning’s trade thus far are the broader consolidations I talked about Wednesday night...
Afternoon Update
So far all of the averages are running perfectly parallel bear flags – I see this every time with bear...
Market Update
2:37 p.m. ET The Dow Jones Industrial Average holds a modest gain, but the overall tone is negative. The other...
Early Update
11:53 a.m. ET A lot, if not most of those small intraday bear flags from yesterday broke this morning, Apple...
Market Update
3:11 p.m. ET SP-500 -0.85%, Dow -0.6% (Transports -0.8%), NASDAQ-100 -1.1%, Small Caps -0.45% Losses aren’t huge, but as I...
Regional Banks Bear Flag
1:16 p.m. ET Remember that bear flag in Regional Banks (-2.4%)? It’s breaking down. I’m wondering if anyone is in...
Early Update -Services Data Sends yields Higher, Market Lower
11:10 a.m. ET Since the open Services data has given the market a stagflationary feel with yields moving from lower...
Afternoon Update
I feel like it’s appropriate to say, “we laughed, we cried, and it was a silly day in the market”....
Intraday Update
1:24 p.m. ET Since the Early Update, we have some technical and psychological levels of support in play. A more...
Early Update – Interesting Start- Cyclicals Under Pressure, Mega-aps Provide Some Support
11:24 a.m. ET While pre-market indications suggested weakness in the mega-caps in the cash market due to rising yields, and...
Market Update and WBA Update
2:24 p.m. ET There’s not too much effective difference between now and the early update. We are running into a...
Early Update – Interesting Start- Still H&S Tops In Place
11:31 a.m. ET The cash session started with some whipsaw action with stocks plunging at the open, then recovering most...
Market Update
2:47 p.m. ET Yesterday we got multiple signals in price, HY credit and elsewhere that this week’s rally was losing...