Intraday Update – Intraday Consolidation
12:18 p.m. ET Just looking at how intraday rice action has been developing since the morning decline, I think we’re...
Early Update – Banks Very Ugly, S&P 1% From Measured Move
11:00 a.m. ET Since the A.M. Update, the trade deficit narrowed to $65.5 billion in June (consensus -$65.1 billion) from...
A.M. Update
S&P futures are down -0.7%. It looks like we may be headed to finish the second half of the measured...
Afternoon Update
It’s ba it of a dull day, at least compared to the second half of last week, but it does...
Dow, Health Care & UNH
12:19 p.m. ET While the S&P continues to hug $4500 like a baby Koala bear hugs its mother… SP-500 (2m)...
Early Update – SPX $4500
10:47 a.m. ET The open hasn’t added much to the upside, except Dow futures added a little, while Small Cap...
Afternoon Update
As things stand as of this writing, it looks like the S&P is going to put in the worst weekly...
Intraday Update -SPX $4500 Support Breaks
3:15 p.m. ET There’s no news or catalyst of any kind that I can find that accounts for the broad-based...
Market Update – SPX Test of $4500 Coming Up?
2:08 p.m. ET *As I’ve been writing this post, the market has moved quickly. I’m going to leave the post...
Early Update -Yields and Dollar Lower is Supportive, SPX $4500.
11:26 a.m. ET A pullback in Treasury yields and the Dollar, in response to the employment report for July, has...
Afternoon Update
I’m going to keep this post short and sweet. S&P $4500 was the call for the day, despite the fact...
Intraday Update – $4500
2:07 p.m. ET The S&P has traded around a third of a percent on both sides of $4500 (below and...
Early Update -S&P $4500 Holding As Suspected
11:24 a.m. ET Since the open we got more economic data and its mixed: The S&P Global US Services PMI...
Afternoon Update
Since the last post, the S&P slipped below the small intraday bear flag and headed toward $4500. It doesn’t look...
Market Update
2:59 p.m. ET Following the last post (Intraday Update) in which I said, “there are some newly forming, modest 3C...
Intraday Update
12:19 p.m. ET The market has stayed ugly since the Early update, pushing to new session lows. It is interesting...
Early Update – Ugly Start, Mega-Caps Weak
10:48 a.m. ET It’s not only an ugly start, but it’s gotten uglier into the cash open, especially in the...
Afternoon Update
It’s been another slow day… the third in a row after last Thursday’s very volatile key reversal day in the...
Intraday Update
2:09 p.m. ET Stocks are trading on a softer note to start the new month of August. The Dow Jones...
Small Caps and Regional Banks
11:18 a.m. ET I don’t usually argue with price action. After spending decades exploring and writing a number of indicators,...