Early Update – Mega Caps Lead
***For some reason this post did not go out when published, so here it is again. I’ll have an update...
Afternoon Update
The FOMC Minutes from the March 23rd meeting came across as a big nothing burger. A few highlights: On banking...
Intraday Update
1:52 p.m. ET I hope you understand I’m not being lazy and I am watching the market closely, but I’m...
Early Update – Bullishly Biased, But Waiting For A Key Catalyst
11:02 a.m. ET Quite an interesting this morning so far that’s confirming my views that he averages are still in...
Intraday Update
2:13 p.m. ET The main averages trade in mixed fashion, but have shown resilience to selling ahead of tomorrow’s Consumer...
Early Update
10:48 a.m. ET The tone this morning is on the bullish side, but low conviction. There are some interesting developments...
Afternoon Update
The day remains, and probably will through the close, a consolidation day. Small Caps and Transports outperform, NASDAQ-100 is lagging,...
Early Update
11:12 a.m. ET This week is pretty much picking up right where w left off last week, which was consolidating...
Afternoon Update
The only thing that’s really changed since the last update is that some of the bullish consolidations of the week...
Early Update -Surprise
11:21 a.m. ET It’s pretty much more of the same this morning, more price consolidation with very little movement, but...
Afternoon Update
This is another quick post because there’s no change to my assessment. S&P-500 came off session lows and in doing...
Quick Market Update
2:34 p.m. ET It still appears to me that we are in the correction/consolidation phase that’s defined the new week...
Early Update
10:56 a.m. ET Things continue right on track. Most of the averages remain in modest price consolidations, except Small Caps....
Afternoon Update
Considering some of the things I was looking for into Q2 (which include a Fed rate hike capitulation as likely,...
Small Cap Update
2:47 p.m. ET I’ve recently highlighted how, by pulling back and giving up some ground, Small Caps could be setting...
Market Update – Weakening Economy
12:46 p.m. ET The JOLTS (Job Openings) and weak manufacturing data (yesterday’s ISM and today’s U.S. Factory Orders) are reflecting...
Early Update
10:41 a.m. ET Since the open, two data points have come in weaker than expected. Factory orders declined -0.7% month-over-month...
Intraday Update
2:21 p.m. ET SP-500 -0.05% , Dow +0.75% (Transports -1.7%), NASDAQ-100 -1%, Small Caps -0.6% Pretty much everything I covered...
Early Update – Price Consolidations Starting?
11:35 a.m. ET Since the A.M. Update, Treasury yields have moved sharply lower in the wake of economic data. The...
Afternoon Update
As usual, this will be my last post for a Friday. I’ll almost certainly have a video out this weekend....