Afternoon Update
Despite today’s pretty extreme intraday price volatility in the stocks, which is a function of elevated volatility levels, I’m still...
Market Update – Trade War Escalation
1:20 PM ET It’s another fast moving session with information changing quickly. I’ll leave some charts the way they are...
Afternoon Update
The two most important/influential averages reached second leg down measured moves early in the cash session. If we stick with...
Intraday Market Update – Some Interesting Signals At Measured Moves.
1:30 PM ET SP-500 -0.1%, Dow -0.9% (Transports -1.25%), NASDAQ-100 +0.55%, Small Caps -0.3% The White House called out the...
Measured Move Targets Hit
10:56 AM ET The S&P’s measured move for the second leg down was the $4900-$4925 area. It has tagged the...
Afternoon Update
I don’t usually have a Daily Wrap post on Friday’s, but I’ll have something after the close and a weekend...
Market Update – Some of the Ugliest Trade in Years
2:58 PM ET Nothing about price action looks remotely constructive, just panicky selling. SPX (10m) SPX (daily) – the 2018...
Market Update – Flurry of News
12:49 PM ET There’s so much happening — you all should see my blood pressure at the end of the...
Things Are Getting Serious Fast
I’m trying to get this post out fast, some of the price-percent changes may have changed as things are moving...
Afternoon Update
Since the cash open, the S&P (-4.8%) has been in an intraday range of about 1.5%. The price action was ...
Intraday Update
1:30 PM ET S&P futures are pretty close to yesterday’s tariff reaction lows. ES (2m) – Just above, but there’s...
Early Update -Shoot First, Ask Questions Later
11:09 AM ET For my own sanity, I’m going to try to work in more bite-sized chunks with shorter, more...
Afternoon Update – Tariffs Up Next
You now my stance on market uncertainty. To that end, according to reports citing administration sources, President Trump has been...
Pre-Tariff Market Update
1:20 PM ET This post is going to be a little diferent. I’ve been pouring through 3C charts and want...
Market Update – Window Dressing Dynamics Seem To Be Over, But Conviction Remains Low Ahead of Tariffs
1:09 PM ET Index futures slid in pre-market on the WaPo article of 20% universal tariffs, but the idea sounds...
Afternoon Update
Market tone has improved notably as the day has gone on. All 11 S&P sectors are currently trading higher, still...
SPX Key Test of $5500
1:59 PM ET Remember that Broadening top formation in the S&P-500 and what drives them? The market is reacting to...
Intraday Update
12:34 PM ET The U.S. Dollar Index recently started coming off session lows. When I first saw it, it looked...
Risk-Off
11:33 AM ET While a cooler Core-PCE reading could have provided a positive risk catalyst, the actual hotter than expected...
