Market Update
3:11 p.m. ET SP-500 -0.85%, Dow -0.6% (Transports -0.8%), NASDAQ-100 -1.1%, Small Caps -0.45% Losses aren’t huge, but as I...
Regional Banks Bear Flag
1:16 p.m. ET Remember that bear flag in Regional Banks (-2.4%)? It’s breaking down. I’m wondering if anyone is in...
Early Update -Services Data Sends yields Higher, Market Lower
11:10 a.m. ET Since the open Services data has given the market a stagflationary feel with yields moving from lower...
Afternoon Update
I feel like it’s appropriate to say, “we laughed, we cried, and it was a silly day in the market”....
Intraday Update
1:24 p.m. ET Since the Early Update, we have some technical and psychological levels of support in play. A more...
Early Update – Interesting Start- Cyclicals Under Pressure, Mega-aps Provide Some Support
11:24 a.m. ET While pre-market indications suggested weakness in the mega-caps in the cash market due to rising yields, and...
Market Update and WBA Update
2:24 p.m. ET There’s not too much effective difference between now and the early update. We are running into a...
Early Update – Interesting Start- Still H&S Tops In Place
11:31 a.m. ET The cash session started with some whipsaw action with stocks plunging at the open, then recovering most...
Market Update
2:47 p.m. ET Yesterday we got multiple signals in price, HY credit and elsewhere that this week’s rally was losing...
Early Update – Mega-Caps Still Leading The Week’s Rally, H&S Still Intact
10:45 a.m. ET Since the cash open the Chicago PMI came out at 48.7, beating consensus expectations of 44.2 and...
Afternoon Update
There’s little change ahead of the close. The averages look set either to consolidate from here, or the rally has...
Market Update
2:11 p.m. ET The major averages are trading higher again today, but upside moves have been more limited after three...
Early Update – H&S Still On Track
10:46 a.m. ET As we’ve seen every day this week, a flattish futures market sees buyers pile in at the...
Afternoon Update
The market has been moving sideways, but is set to close near session highs which should give us good chances...
Market Update
1:51 p.m. ET The major indices all trade near their best levels of the session now in another low-volume session....
Early Update – Filling Out the Right Side of H&S Patterns
11:08 a.m. ET Although the market averages ended yesterday with bullish flag consolidations, pointing to more near term gains, they...
Afternoon Update
Just a quick follow up – Everything looks to be on track as I’ve laid out and summarized in the...
Dow Transports Resistance at 50-day
2:17 p.m. ET SP-500 +0.25%, Dow +0.35% (Transports +0.3%), NASDAQ-100 +0.25%, Small Caps +0.7% Early on, Dow Transports were an...
Early Update – Working On Right Shoulders
10:43 a.m. ET This morning started with some cyclical strength in Industrials from 3M, and mega-caps were supporting pre-market trade....
Afternoon Update
As mentioned in the last post, Powell didn’t say anything the market hasn’t already heard – with the exception of...