Early Update
11:46 a.m. ET This morning we have something of a flip-flop between yesterday’s leaders/laggards, no doubt due in large part...
Afternoon Update
In to the final hour of trade, the market turned lower and broadly so. I don’t see a specific news...
Market Update – SPX’s Channel Holding
2:48 p.m. ET Treasury yields were already down decently, but slid to new session lows following a strong 7-year Treasury...
Early Update – Mega-Caps Finally Giving Up the Ghost
11:42 a.m. ET What’s clear about this morning and this week’s trade is that the market generals, the mega-caps, are...
Afternoon Update
The NASDAQ-100 came within 0.45% of $14,300, a small intraday bear flag’s measured move. In the last intraday update, I...
Intraday Market Update – Yields Higher, Stocks Lower
2:02 p.m. ET Selling has accelerated over the last hour or so, which brought the S&P 500 below the 4,200...
Early Update – A Market General Cracks
11:43 a.m. ET It’s an ugly start to the day with multiple bear flags from yesterday broken, but some key...
Afternoon Update
Since my afternoon posts Friday, I’ve expected the averages to enter consolidations starting this week and for those consolidations to...
UNG / Nat Gas Update
2:53 p.m. ET UNG’s (+1.3%) price and 3C charts are looking better since yesterday with some slight improvement noted this...
Early Update – Market Consolidation Expectations Are On Track
11:59 a.m. ET After 5 losing sessions, stocks are catching a bid, but it appears to be well within the...
Market Update – Mega-Cap Support and UNG Update
3:26 p.m. ET Other than the facts that this week is heavily skewed toward mega-caps earnings, and the group has...
Early Update – Sharp Reversal In Yields Supports S&P $4200
11:52 a.m. ET It’s been a very dynamic and fast moving morning , requiring me to update this post several...
Market Update – Consolidating Bearishly
3:13 p.m. ET As per the Early Update, “I do suspect the averages are going to find some intraday support...
Early Update – Flight To Safety and Deleveraging Ahead of Weekend Uncertainty
11:25 a.m. ET Stocks are being sold ahead of the weekend when participants would not be able to react in...
Market Update – Post Powell
2:18 p.m. ET As Powell spoke there were some knee jerk reactions in stocks and rates, which should be no...
Early Update
11:22 a.m. ET Additional data since the is morning includes: Existing home sales decreased 2.0% month-over-month in September to a...
Afternoon Update
On the middle east front, the U.S. vetoed the UN resolution for a Gaza ceasefire. President Biden’s trip did not...
Intraday Update – Solid 20Y TSY auction Provides Stocks Intraday Support
2:20 p.m. ET Last Thursday a dismal 30-year UST auction (3rd in as many days) sent yields soaring and stocks...
Early Update – 10Y Yield New Cycle High, Geopolitical Uncertainty and Earnings Weigh on Stocks
12:07 p.m. ET Since pre-market, stocks have fallen more as yields climb with the 10-year yield reaching a new intraday...
Afternoon Update
Other than what we already knew from this morning, that treasuries hold sharp losses and stocks have positively diverged any...