Intraday Update – H&S Bear Flags
2:40 p.m. ET The major averages are mixed and little changed. Conviction remains extremely low, which is typical of a...
Early Update
11:02 a.m. ET It’s pretty rare that I don’t have a pulse on the market in the near term such...
Afternoon Update
The stock market is getting a much needed reprieve from deeply oversold levels and the decline in yields today is...
Intraday Update – Better Tone As Yields Fall More
12:54 p.m. ET As much as I hammer home the point daily that yields are highly inversely correlated with stocks...
Early Update – Lower Yields
11:20 a.m. ET We have some additional economic data since the open and the theme is stagflation. The S&P Global...
Intraday Update – Higher Yields Keep Pressure on Stocks
2:44 p.m. ET The 2-year yield is up five basis points to 5.14%. The 10-yr yield is up ten basis...
Early Update – Higher Yields Weigh On the Market & Mega-Caps Catch Down
11:21 A.M. E.T. The market this morning, is acting much more like I would have expected yesterday as yields soared....
Intraday Update
1:27 p.m. ET The averages are trading at session lows, although NASDAQ-100 continues to outperform with mega-caps outperforming, but they...
Early Update – Mega Caps Outperform Despite Higher Yields
11:20 a.m. ET We’ve had some economic data since the A.M. Update. U.S. manufacturing data was expected to rise from...
Intraday Market Update
2:35 p.m. ET The averages, or most, got off to a decent start on this final day of Q3, but...
Early Update – A Correction and Consolidation
11:43 a.m. ET When price gets overdone (overbought or oversold) there’s two ways to work it off, through price (bouncing...
Afternoon Update – Looking Better
The market’s rebound off multi-month lows is going pretty well as the day goes on and yields continue a modest...
Market Update
1:03 p.m. ET Yields and the Dollar are coming down, stocks are rising. The timing, at least in yields, is...
Early Update
10:48 a.m. ET The market opened the cash session with some decent broad-based support, but it’s been a narrow ranged...
Afternoon Update
The market is looking better intraday, but 10-year yields are at 4.61% and that’s not helpful for sustaining any kind...
Early Update – 10-year Test Extremely Important
11:25 a.m. ET ***As is often the case, this post is a difficult one because the market changes so quickly...
Afternoon Update
At present, it looks like it’s going to be an ugly close, but what’s really important from the big picture...
Intraday Update – CTA’s Deleveraging
2:11 p.m. ET Today’s negative bias has been fueled in part by JPMorgan Chase CEO, Jamie Dimon, who told the Times...
Early Update – Market Ugly, But Testing
10:54 a.m. ET It’s an ugly start to the day, but as you read down through the post, I think...
Afternoon Update
It’s pretty rare for me not to have several posts in the cash session by this time of day, but...