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...
Early Update – Mega-Caps Still Leading The Week’s Rally, H&S Still Intact
10:45 a.m. ET Since the cash open the Chicago PMI came out at 48.7, beating consensus expectations of 44.2 and...
Afternoon Update
There’s little change ahead of the close. The averages look set either to consolidate from here, or the rally has...
Market Update
2:11 p.m. ET The major averages are trading higher again today, but upside moves have been more limited after three...
Early Update – H&S Still On Track
10:46 a.m. ET As we’ve seen every day this week, a flattish futures market sees buyers pile in at the...
Afternoon Update
The market has been moving sideways, but is set to close near session highs which should give us good chances...
Market Update
1:51 p.m. ET The major indices all trade near their best levels of the session now in another low-volume session....
Early Update – Filling Out the Right Side of H&S Patterns
11:08 a.m. ET Although the market averages ended yesterday with bullish flag consolidations, pointing to more near term gains, they...
Afternoon Update
Just a quick follow up – Everything looks to be on track as I’ve laid out and summarized in the...
Dow Transports Resistance at 50-day
2:17 p.m. ET SP-500 +0.25%, Dow +0.35% (Transports +0.3%), NASDAQ-100 +0.25%, Small Caps +0.7% Early on, Dow Transports were an...
Early Update – Working On Right Shoulders
10:43 a.m. ET This morning started with some cyclical strength in Industrials from 3M, and mega-caps were supporting pre-market trade....
Afternoon Update
As mentioned in the last post, Powell didn’t say anything the market hasn’t already heard – with the exception of...
Post Powell Update – SPX TEST
10:51 a.m. ET In my estimation, Powell’s speech was nothing new. Stocks and the Dollar knee-jerked in both directions, but...
Link To Powell’s Comments At Jackson Hole
Powell’s commentary is about 10 minutes away. It’s being live-streamed by the Kansas City Fed. Here’s the link – https://www.youtube.com/watch?v=UJn4_ACLwW8...
Afternoon Update
In pre-market a tech rally was underway following Nvidia’s earnings yesterday after the close, but as soon as the cash...
NASDAQ-100 back at measured move target
1:57 p.m. ET Measured moves are fascinating. First, they are incredibly accurate, often to the percent and even at times...
Intraday Update Selling at 50-Day SMA’s
11:46 a.m. ET Yields are about the same as the last update (2y +4bp and 10-yr +2bp). These aren’t huge...
Early Update – Tech Rally Fails Spectacularly
10:32 a.m. ET Nvidia gave and yields took away. The Tech rally that Nvidia inspired in pre-market, completely failed at...