Category: Intraday Market Update

We have a little divergence between the strong correlation that’s been driving equity prices for quite a while, but it’s...

1:33 p.m. ET As already mentioned in the Early Update, the NASDAQ-100 followed in the S&P-500’s footsteps and met the...

11:30 a.m. ET As we saw Friday, traders using 3x leveraged/long short ETFs were on the move as 3C charts...

3:38 p.m. ET Yields and the dollar are still supportive and equity prices are tracking pretty much in lockstep with...

1:33 p.m. ET Further U.S. Dollar weakness (-1.05%) and continued/accelerated short covering are driving gains. The averages are trading fairly...

11:46 a.m. ET I remember early on in my market career, not understanding why the market would rally on weak...

Just a quick reminder… Stocks are at session highs, the S&P is just shy of a half a percent away...

2:29 p.m. ET Stocks continue to have a strong showing today with the 10-year yield down double digits (-12 bp),...

11:37 a.m. ET It’s not hard to understand why the averages are up this morning, the bond market and FX...

We may get 1-day oversold conditions today, we’ll have to see what the price/volume relationship is. What I’d like to...

3:45 p.m. ET The FOM/Powell basically said nothing new from the last meeting. The market likes, “Nothing”. The Dollar Index...

2:26 p.m. ET The Fed doesn’t hike and holds at the 5.25%-5.5% corridor as expected. There was less than a...

1:38 p.m. ET Earlier gains in the market have moderated the closer we et to the FOMC. Today’s theme is...

11:52 a.m. ET Stocks are gaining as yields continue to fall. That’s put the mega-caps back into a position of...

As you know from last week, Yields consolidating offered some support to the averages coming in to this week, much...

It’s a pretty slow day, but Value stocks (+0.75%) have a performance edge over Growth stocks (+0.25%), thus the mega-caps...

11:33 a.m. ET Mega-caps aren’t providing the leadership today that they did yesterday. Although Treasury yields are currently mixed, they...

3:44 p.m. ET SP-500 +1.25%, Dow +1.7% (Transports +2.2%), NASDAQ-100 +1.2%, Small Caps +0.75% The S&P is green for only...

11:53 a.m. ET This morning looks typical of an oversold or relief bounce. The relief bounce would likely be related...

Since early last year, I’ve brought u the concept of, “When the missiles fly, it’s time to buy”, and how...