Category: Intraday Market Update

Nonfarm payrolls increased by 256,000 in December (consensus 227,000) following a revised increase of 212,000 in November (from 227,000). Nonfarm...

There was some whipsaw action in the markets following the release of the FOMC’s Minutes from the December meeting, but...

1251 p.m. ET It’s been a fairly volatile overnight/pre-market session, but now most averages are down small. Small Caps are...

Most of the majors are back at or near session lows. S&P futures (1m) I’ve been pouring through 3C charts...

1212 p.m. ET Yesterday’s leading stocks and sectors (Tech & Mega Caps) are this morning’s laggards. As a result, the...

The SPX went for the gap fill with some sturdier support at the end of last week (double bottom) and oversold...

3:06 p.m. ET SP-500 +0.5%, Dow -0.05% (Transports (+0.5%), Nasdaq-100 +0.8%, Small Caps +0.15% The S&P almost filled the gaps above...

1235 p.m. ET All of Friday I was writing that I think we were a catalyst away from a bounce...

Also in response to Mike Johnson’s win, Treasury yields have been moving higher. The 2 and 10-yr yields went from...

318 p.m. ET No meaningful change on the 3C charts yet, but it may take a bit more time. SPY...

Moments ago, Mike Johnson (R) wrangled a couple of votes to be re-elected as speaker of the House of Representatives...

203 p.m. ET The market may have gone about as far as it’s going to go for the moment. Representative...

It is the last session in the Santa Claus Rally period (last five trading sessions of the year and first...

It looks like the levels I laid out in the Intraday Update for the SPX and NDX at the close,...

207 p.m. ET The stock market has exhibited choppy action at the index level, and more subtle flips back and...

11;50 a.m. ET After 4 days of the SPX declining to end 2024, Chinese stocks kicked off the new year...

I’m going to keep this short as my view has been, and remains, that aspects such as window dressing into...

315 p.m. ET Prices among several of the majors are near or at interesting levels that could provide some potential...

It’s not looking great into the close, heading into the final trading day of the year. SPX (2m) is looking...

222 p.m. ET Several averages were already pretty close to the measured move from Friday’s 1st leg down this morning....