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...
Afternoon Update
I’m back. Thanks for your patience. I did have a fever and that probably explains why I felt so out...
Market Update
I’m going to have to keep this post short. I woke up this morning not feeling great, wrote out my...
Afternoon Update
There’s not too much to add at this point. Nvidia’s earnings are a key focal point tomorrow, then Powell Friday....
Market Update
12:52 p.m. ET Like yesterday morning, this morning’s session has been quite fluid, but unlike yesterday morning, I’ve rewritten this...
Afternoon Update
As you can see by the averages below, mega-caps have been providing leadership. You may recall last week I explained...
Broad Market Update
1:39 p.m. ET There are a few changes taking place that may be helpful. First, I got some data on...
Early Update – Mixed Market, Mega-Caps Lead, But higher Yields Trim Gains
11:00 a.m. ET ***As is once in a while the case, I started writing this post and the market looked...
Afternoon Update
All of the major averages are closing lower for the week, and all 11 S&P sectors as well. On the...
Market Update
2:08 p.m. ET Most of the averages are little changed. NASDAQ-100 is a slight laggard and Small Caps are the...
Early Update – Improving Tone With Lower Yields
11:28 a.m. ET Things are changing (for the better) as I have been writing this post so I have to...
Interesting Things Happening
10:18 a.m. ET I’m working on the Early Update, but some very interesting things are happening. Yields are coming back...
Afternoon Update
I love that the S&P-500 hit the downside measured move, and the NASDAQ-100 tagged it perfectly, literally the low of...
NASDAQ-100 Just Hit Its Target
3:28 p.m. ETNASDAQ-100 (5m) here’s the measured move target from the last bear flag, posted yesterday and NASDAQ just hit...
Now We’re Moving
3:12 p.m. ET Yep, today is a lot like yesterday – slow at first, and picking up in the afternoon....
Intraday Update
2:04 p.m. ET Today feels a lot like yesterday in that most of the day had a negative bias, but...
Early Update – I Think Trade Should Look Worse Than It Does
11:24 a.m. ET Yields are mixed, but the key benchmark 10-year yield that hit new cycle highs and the highest...
Afternoon Update
This is going to be short because it’s just adding a few details to what I’ve laid out in the...
Post FOMC Update – Nothing-Burger
3:04 p.m. ET Without parsing the minutes sentence by sentence, we’ll go with Bloomberg’s take – the minutes were more...