Early Update
10:45 a.m. ET The equity market opened to broad gains as yields and the Dollar were supportive with pre-market losses,...
Afternoon Update
As always on Fridays, this will be my last post of the week. I’ll have a video update out this...
Intraday Update -something unusual just happened
3:12 p.m. ET I went to take a quick shower, came out and saw something pretty intense happening on 3C...
Intraday Update – A Lot of Technical Support Areas in Play
2:01 p.m. ET With the NASDAQ-100 currently down -0.7% on the week, the S&P down -1%, the Dow -1.4% and...
Early Update – Important Update
11:20 a.m. ET This morning it looks like events are catching up with price action this week, and events (European...
Afternoon Update
Heading into the close, there’s more evidence of a shift in the market’s tone, or building evidence. We’ll look more...
Intraday Update – More Changes in Tone
1:06 p.m. ET Just a quick check-in to update intraday trade and share a few price charts that are displaying...
Early Update
11:06 a.m. ET We got some additional economic data since the A.M. Update. Existing home sales unexpectedly rose in May...
Afternoon Update
Heading into the close, most of the major averages have similar, small bearish intraday consolidations. A couple of examples.. SP-500...
Important Tech Update
2:11 p.m. ET Since the last update (Early Update) noting the mega-caps are clear laggards today, but there are some...
Early Update – Mega Caps Weak
11:16 a.m. ET Powell’s testimony is underway. It doesn’t appear there are any major surprises, but higher yields heading into...
Afternoon Update
About 20 minutes after the last post, in which I wrote, “Let’s see if these bearish flags (intraday) hold up....
Local, But Important Resistance
3:12 p.m. ET SP-500 -0.45%, Dow -0.6% (Transports -0.3%), NASDAQ-100 -0.2%, Small Caps -0.4%. I’m watching the charts and see...
Intraday Update
1:21 p.m. ET The intraday bearish tone mentioned in the last post, has shifted. SP-500 -0.3%, Dow -0.5% (Transports -0.3%),...
Early Update – Unwinding Op-Ex
12:08 p.m. ET A pretty modest start in index futures before the bell, saw more notable weakness as the cash...
Afternoon Update
As of this writing, here’s how the major averages shaped up (before today’s close) on the week… SP-500 +2.75%, Dow...
Market Update
2:40 p.m. ET The day is very slow, dullish as a massive quarterly options expiration has kept prices pinned. The...
Intraday update
12:56 p.m. ET According to Asym 500 founder and former Goldman derivatives strategist Rocky Fishman, today’s OpEx is broken down...
Early Update — Op-Ex Price Pin
11:45 a.m. ET It’s a very quiet and still options expiration which makes me believe that the max-pain price pin...
Afternoon Update
All of those things I’ve been taking about — S&P close above $4200, $4300 and now trading over $4400, “The...