Category: Intraday Market Update

1:29 p.m. ET Finally the S&P’s downside measured move has been met. That’s not saying a lot today though, in...

11:30 a.m. ET Since the A.M. Update we’ve received Industrial Production. Downward revisions to prior months helped Industrial Production rebound...

This post will serve as the Afternoon Update because the day has been little changed since the Early Update, except...

1:50 p.m. ET Honestly, not much has changed since the last update. The averages and S&P sectors are seeing broad-based,...

10:54 a.m. ET I love it when analysis comes together and this morning, it’s coming together in the S&P moving...

The major averages are quite mixed today, but with mostly modest moves except the NASDAQ-100 which is the best performing,...

2:14 p.m. ET I’ve been watching price action, which has been pretty dull since shortly after the Early Update. In...

11:15 a.m. ET Not a bad open considering higher yields. A lot of those technical levels we’ve been seeing are...

Last night I admitted my frustration with what high probability price action signals said should be happening, and technical levels...

2:52 p.m. ET The day’s trade remains mixed. Although recent signs of inflation in food and energy haven’t passed through...

12:07 p.m. ET Sorry everyone, but after a frustrating week of looking for second leg down measured moves out of...

10:29 a.m. ET I’m kind of giggling to myself this morning. In last night’s Daily Wrap I expressed some rare...

2:55 p.m. ET Most major averages made a slightly lower low for the week, except Dow Industrials. These slightly lower...

12:41 p.m. ET We had a very strong, broad-buying open following a fairly uneventful CPI report, but before I even...

10:52 a.m. ET The takeaway from the CPI report is (1) there were no hawkish surprises as total and core...

The averages are coming down pretty quickly off afternoon highs. NASDAQ-100 (2m) It remains to be seen where the NASDAQ-100...

2:30 p.m. ET Interestingly, the 10-year Treasury auction at 1 p.m. came in pretty darn strong. Yields slid a little,...

1:30 p.m. ET On the way down to the measured move target of $14,925, NASDAQ-100 tested just a little below...

11:03 a.m. ET Although we have a majority of sectors higher, he mega-caps are weighing at the index level on...

3:05 p.m. ET In the last post, Intraday Update – Intraday Consolidation, I thought it was probable that price consolidated...