Afternoon Update
The yield curve, at least the 5s-30s, is back to last week’s flattest level after some bank-positive, modest curve steepening...
Yields Follow Up
1:53 p.m. ET The unusual move in yields around 12 p.m. seems o be related to the 1 p.m. Treasury...
Yields Higher
12:56 p.m. ET Around 12 p.m. ET, Treasuries took a pretty sharp turn lower and sent yields higher, into the...
Early Update
10:46 a.m. ET I didn’t get too much into this morning’s Euro area PMI’s, but they’re worth being aware of....
Important Update – DEFENSIVE
2:00 p.m. ET Virtually nothing as changed with the major averages, they are VERY little changed. SP-500 +0.4%, Dow +0.3%...
Early Update
11:24 a.m. ET It’s a big op-ex day after a very emotional day of trade yesterday. Thus far there’s a...
Market Update – Mega-Caps And Semis Worse
3:23 p.m. ET It’s a bit of a ale of two markets and it’s being driven, at the surface level...
Early Update – A Lot Happening Under The Surface in a Lot of Areas
11:34 a.m. ET This morning is quite surreal. So many things I’ve recently observed or warned about, that hadn’t taken...
Afternoon Update
There’s no change since the last update. The averages are in small bullishly biased consolidations ahead of some more notable...
Intraday Update -Consolidative, Defensive Tone
2:48 p.m. ET The averages are fading upside momentum and recently traded at or near session lows. That’s not to...
Early Update – More Short Covering in Banks
11:53 a.m. ET This morning has been a bit fluid with an early defensive bias, which is still there to...
Afternoon Update
Small Caps have been lit all day, from the open, benefiting from short covering in the Energy sector and smaller...
Microsoft Reshapes Intraday Tone
1:27 p.m. ET There’s some news that’s changed the complection of intraday dynamics, lifted the S&P and pulled NASDAQ-100 out...
Early Update -Banks, Energy and Small Caps Outperform on Another Massive Short Squeeze, While Mega-Caps Lag
11:23 a.m. ET Since the A.M. Update, we got Industrial Production data and it was worse than expected. Industrial production...
Afternoon Update
From a pretty dull start, the market has been grinding its way higher, riding the leadership of financials/regional banks in...
Financials and Semis Outperform
1:53 p.m. ET The NASDAQ-100 and Small Caps have a relative performance edge over the S&P and Dow, due to...
Early Update – Slow Start
11:28 a.m. ET I spent a little more time than usual looking around this morning, and I’ve come to the...
Afternoon Update
Despite quite a lot of positive news today, the major averages have faded. SP-500 -0.2%, Dow +0.3% (Transports -0.7%), NASDAQ-100...
Thin Market & NASDAQ-100 Rebalance
1:03 p.m. ET All of the major averages’ are losing momentum today as seen on their daily charts. SP-500 (current...
Early Update
11:10 a.m. ET Yesterday we had 1-day overbought internals and that’s showing up today. Interestingly the bank indices are fading...