Afternoon Update
It’s been a strange day thus far with bonds rip-roaring higher, yields near flash crashing lower (almost as if someone...
Yields and Stocks Tumble
2:04 p.m. ET I haven’t seen this in a while, but both yields and stocks are tumbling. Over the last...
Intraday Update – Mostly Bullish Intraday Price Action and Why Small Caps Are Weak
12:19 a.m. ET The averages have consolidated since the open and in most cases, it’s a bullish consolidation thus far...
Early Update
10:37 a.m. ET The higher than expected Initial Jobless Claims has given the market a boost this morning ahead of...
Fed’s Beige Book Moves Market Very Slightly Higher
2:53 p.m. ET The major averages moved slightly higher after the release of the Fed’s latest Beige Book which showed...
Yields Tick Up. Averages Mixed, But Little Changed
1:11 p.m. ET It’s a little bit of a volatile day in the bond market, but moves are relatively small....
Early Update – Slow, Steady Improving Tone
10:50 a.m. ET The averages started little changed, but TSY yields have come down more since the open. There are...
Afternoon Update – S&P Test of 50-Day
The S&P is currently making a stand at its 50-day. While the S&P could trade as low as its 200-day...
Market Update – TESTS
2:32 p.m. ET SP-500 1-.5%, Dow -1.6% (Transports -1.25%), NASDAQ-100 -1.15%, Small Caps -1.15% Chair Powell’s testimony before the Senate...
Early Update – Powell Hawkish
11:26 a.m. ET While there’s a lot to sort through in Powell’s prepared remarks, the clincher was his acknowledgement of...
Afternoon Update
This day feels like it’s gone by really fast, although it has been a dullish day for the market. Mega-caps...
Intraday Update #2
2:32 p.m. ET In the last intraday update I mentioned that I’m seeing a lack of conviction, a modest move...
Intraday Update – Yields Ticking Higher, Averages Losing Momentum
12:44 p.m. ET Just as we’re starting to get more breakouts from bullish flag consolidations (i.e.- Tech and Semis), yields...
Early Update – Mega-Caps Still Leading
10:58 a.m. ET We enter the new week the way we ended last week, with the mega-caps starting to outperform...
Afternoon Update
As always, this will be my last post of the day. I may get a video out over the weekend,...
Market Update
2:41 p.m. ET The averages continue trading well with yields coming down. the 10-yera yield is now down -10 basis...
Early Update
11:31 a.m. ET We’re off to a decent start and you can see what a little pull back in yields...
Afternoon Update
3:25 p.m. ET I’m going to get this post out a little earlier than usual in case there’s information you...
Intraday Update – Catalyst
2:15 p.m. ET Literally about 3 minutes after posting this, “This is a market that looks like it’s chomping at...
Market Update – Buyers Are Still Showing Up At The 200-Day SMA
1:34 p.m. ET Market tone has improved, despite the 10-year yield climbing, now up +8 bp to 4.08% and the...