Category: Intraday Market Update

This is going to be a short one! After some pretty crazy volatility overnight and at the open, once the...

1:02 PM ET The stock market quickly shifted this morning from risk-off to risk-on. To be fair, though, it isn’t...

The Fed may just have been the story that the market needed to latch onto in terms of finding its...

2:59 p.m. ET Small Cap IWM is breaking out above the neckline I established yesterday ($206). IWM (5m) Early on...

The Fed voted to leave the policy rate unchanged  at 4.25% to 4.50%. Economic Growth for 2025 was sharply marked...

12:41 PM ET We’re off to a little better start in tone, both in price action and sector performance. Specifically,...

3:15 p.m. ET Despite the initial percent losses at the index level, the rest of the session has been very...

1:47 PM ET Yesterday’s very strong one day overbought internals are kicking in today and keeping the averages on the...

S&P futures are down -0.4% with Russell 2000 futures down -0.7%, but still trading with bullish tone. The market awaits...

Probabilities for 1-day overbought internals are pretty high. We have 2 of 3 necessary conditions. The 3rd (dominant price volume...

2:57 PM The mega caps are “part” of the positive change in character last week. Semis and Nvidia were another....

1:59 PM ET Copper pictures are up another 1.65%, heading to a measured move based on the last bull flag...

12:08 PM ET The averages are modestly higher. There’s a bit of a defensive tone with defensive sectors and some...

Closing SPXU (3X short S&P-500) was triggered by a stop out signal on the close. This may be hard to see....

I’m going to post this. Then I’m closing my SPXU long (3X short S&P) since the S&P is closing above...

The Dow met the downside measured move posted in Monday’s Daily Wrap, “the measured move from the smaller triangle on...

2:28 PM ET The S&P is testing the week’s low, as suggested as a likely test in yesterday’s Afternoon Update....

12:28 PM ET The open this morning looks like more of the same, despite a decent decline in PPI, price...

The averages aren’t doing anything in price terms that suggests anything more than the latest bearish consolidation in a long...