Category: Intraday Market Update

1:50 p.m. ET Honestly, not much has changed since the last update. The averages and S&P sectors are seeing broad-based,...

10:54 a.m. ET I love it when analysis comes together and this morning, it’s coming together in the S&P moving...

The major averages are quite mixed today, but with mostly modest moves except the NASDAQ-100 which is the best performing,...

2:14 p.m. ET I’ve been watching price action, which has been pretty dull since shortly after the Early Update. In...

11:15 a.m. ET Not a bad open considering higher yields. A lot of those technical levels we’ve been seeing are...

Last night I admitted my frustration with what high probability price action signals said should be happening, and technical levels...

2:52 p.m. ET The day’s trade remains mixed. Although recent signs of inflation in food and energy haven’t passed through...

12:07 p.m. ET Sorry everyone, but after a frustrating week of looking for second leg down measured moves out of...

10:29 a.m. ET I’m kind of giggling to myself this morning. In last night’s Daily Wrap I expressed some rare...

2:55 p.m. ET Most major averages made a slightly lower low for the week, except Dow Industrials. These slightly lower...

12:41 p.m. ET We had a very strong, broad-buying open following a fairly uneventful CPI report, but before I even...

10:52 a.m. ET The takeaway from the CPI report is (1) there were no hawkish surprises as total and core...

The averages are coming down pretty quickly off afternoon highs. NASDAQ-100 (2m) It remains to be seen where the NASDAQ-100...

2:30 p.m. ET Interestingly, the 10-year Treasury auction at 1 p.m. came in pretty darn strong. Yields slid a little,...

1:30 p.m. ET On the way down to the measured move target of $14,925, NASDAQ-100 tested just a little below...

11:03 a.m. ET Although we have a majority of sectors higher, he mega-caps are weighing at the index level on...

3:05 p.m. ET In the last post, Intraday Update – Intraday Consolidation, I thought it was probable that price consolidated...

12:18 p.m. ET Just looking at how intraday rice action has been developing since the morning decline, I think we’re...

11:00 a.m. ET Since the A.M. Update, the trade deficit narrowed to $65.5 billion in June (consensus -$65.1 billion) from...

S&P futures are down -0.7%. It looks like we may be headed to finish the second half of the measured...