Intraday Update – Yellen Foot In Mouth
11:41 a.m. ET Stocks were coming down right into the Powell/Bernanke panel at 11:00 a.m. I initially thought this was...
Powell: RATES MAY NOT NEED TO RISE AS HIGH GIVEN CREDIT STRESS
11:23 p.m. ET The Dollar dropped sharply as did yields on this comment. Stocks were coming down before that, but...
Early Update
10:35 a.m. ET The S&P is above $4200. Small Caps started the morning with notable relative strength while mega-caps were...
Intraday Update – S&P Holding Support
2:34 p.m. ET SP-500 +0.3%, Dow -0.2% (Transports -0.35%), NASDAQ-100 +1.1%, Small Caps -0.05% Just after the last update went...
Early Update – Mega Caps Lead & Favorable Debt Ceiling News
10:50 a.m. ET These Early Update posts sometimes take longer than others, or expected due to early changes after the...
Afternoon Update
Today’s trade has had nice, broad participation. As suspected in the last post, the S&P wasn’t crossing that 6, almost...
Market Update
2:07 p.m. ET Today’s trade has a very pro-cyclical bias, between cyclical S&P sectors leading, gains in crude and copper...
Small Caps Take Out Resistance
12:56 p.m. ET Small Caps did it, now they have to hold it… IWM (15) and above its 50-day in...
Regional Banks Continue Rallying
12:00 p.m. ET The Regional Banks were a big part of setting the risk-on tone earlier after WAL gave favorable...
Early Update
10:11 a.m. ET The market got off to a decent start at the open, but I’m not convinced doesn’t make...
A.M. Update
S&P futures are up +0.35% and Russell 2000 futures are up +0.55%, with Regional Banks up this morning after Western...
Debt Ceiling Worries
2:15 p.m. ET Debt ceiling worries remain in play after Treasury Secretary Yellen warned again that the Treasury may not...
Addendum to the last post
12:06 p.m. ET In reference to where I think the bear flags or triangles on intraday charts of some of...
Intraday Update – S&P To Test $4100 Again?
11:49 a.m. ET There’s a small intraday bear flag, or sym. triangle apparent on the S&P-500, the Dow Industrials, and...
Early Update – Mega-Caps Back In Leadership Role
10:43 a.m. ET Small Cap Russell 2000 is weaker into the cash open, while tech heavy NASDAQ-100 gained into the...
Intraday Update – IWM Local Resistance
3:18 p.m. ET I think that might be it for today until we get some rotation maybe to the mega-caps,...
Intraday Update – Risk On Tone Improves
1:07 p.m. ET The session had a weak look this morning but under the surface there was an apparent risk-on...
Early Update – Mixed Trade, But A Risk-On Bias
10:37 a.m. ET As mentioned at the bottom Friday’s Afternoon Update, we have a lot of Fed speakers this week....
Afternoon Update
I’m going to try to speak plainly. I still think that the averages can add some more to the upside,...
Intraday Update -SPX $4100
2:54 p.m. ET It looks like the S&P is going to hold the $4100 level SP-500 (30m) While I have...