Category: Intraday Market Update

There wasn’t much in the way of news/economic data catalysts in today’s trade. The market put in huge gains last...

  The major equity indices continue to move off session lows reached around mid-day. There was no specific catalyst to...

2:23 PM ET After a huge move higher last week, I expected we’d see some consolidation soon. Markets don’t move...

11:17 AM ET After last week’s massive rally… SPX (weekly) bullish engulfing candle It’s reasonable to expect price to consolidate...

Not that it matters a whole lot, but a South Korean newspaper of record captured images of a Chinese trade...

3:02 PM ET The S&P and NDX were heading toward a clean breakout above the clear resistance zone and pulled...

1:18 PM ET Yesterday left the key averages smack-dab in the middle of price resistance zones after an extended 3-day...

4:17 PM ET As covered in my last post, the wild card in the battle between buyers and sellers (overhead...

3:40 PM ET In the last post (SOX Measured Move) I said something that may have been confusing, “I don’t...

2:23 PM ET In yesterday’s Daily Wrap, I featured the Semiconductor Index (SOX +5.4%) making another intraday bull flag and...

1:11 PM ET “Technically” the major market averages are still within the context of a consolidation, although a day and...

I don’t have much to add to the intraday posts. I think you have a pretty good feel for what...

3:06 PM ET I still can’t see what the probability of consolidation type is, but the 3C charts, espcially for...

2:01 PM ET We’re getting signs of consolidation at price resistance, and it’s due. Yesterday’s pretty solid 1-day overbought internals...

11:18 AM ET We have some great follow-through this morning with averages up +2.4% to +3.6%, but price has run...

3:22 PM ET Yesterday’s large losses  were retraced in their entirety and then some in today’s session, which has been...

12:25 PM ET Two  things jump out at me this morning – first the leading positive 3C signals yesterday amid...

This remains a challenging market with a lot of sensitivities. Buyers, as you might expect, have been and remain with...

12:59 PM ET Firstly, as is Usually the case or order of events, VVIX started displaying relative weakness from Monday afternoon...

11:42 AM ET Very broad-based selling and it seems to stem from reactions in the Dollar and Treasuries to the...