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...
Early Update
10:43 a.m. ET U.S. markets remain highly sensitive to yields after nearly a month of fretting about hotter-than-expected U.S. economic...
Afternoon Update
The averages headed back toward session lows and toward a second test on the day, and third test since Friday,...
Another Test of the 200-day
2:39 p.m. ET S&P and NASDAQ-100 are heading for a second test of the 200-day for the day. The first...
Successful Tests of 200-day (so far)
12:49 p.m. ET In the Early Update the S&P had not yet tested its 200-day (or retested considering it found...
Early Update
11:10 a.m. ET Index futures gave up some overnight gains as German CPI printed hotter than expected (+9.3% YoY vs...
Afternoon Update
We’re nearing the close and the averages are trading near session lows. In the S&P’s case, this was after a...
Market Update – Better Than The Dull Day Suggests
2:16 p.m. ET Today’s trade has been mixed and a bit dull thus far with neither buyers nor sellers showing...
Early Update
11:14 a.m. ET The market pretty much picked p where it left off yesterday. Since the open, we received the...
Quick Afternoon Update – S&P $4,000 and 50-Day
3:29 p.m. ET Although the S&P-500 (+0.3%) is trading at session lows there’s a little ping-pong game going on between...
Intraday Update
1:33 p.m. ET Thank you for all the well wishes. Emma is hanging in there, but it probably won’t be...
Early Update
10:41 a.m. ET The stock market is starting the week on an upbeat note. The S&P 500 and NASDAQ-100 both...
Afternoon Update
As always on Fridays, this will be my last post of the week, but enough people showed interest in a...
Intraday Update – Testing Technical Support Again
1:13 p.m. ET In the Early Update the S&P and NASDAQ-100 were just starting to test their 200-day moving averages....
Early Update
11:25 a.m. ET Another hot inflation print is the catalyst for the downside in stocks and bonds this morning, but...
Afternoon Update – Interesting
3:47 p.m. ET The averages are not that much changed that there’s some definitive signal that the bullish near term...
Intraday Update – Technical Support Levels Tested for the Averages, HY Credit Improving
1:59 p.m. ET Several of the major averages are back testing technical support levels such as the S&P-500’s 50-day and...
Early Update
11:04 a.m. ET In economic data this morning, Initial jobless claims for the week ending February 18 declined by 3,000...
Post FOMC Minutes – Modestly Hawkish Reaction
3:14 p.m. ET I’ve perused some of the highlights of the FOMC Minutes. It doesn’t appear to me that there...
Intraday Update – Pre FOMC Minutes
1:56 p.m. ET Today’s price action is pretty much the continuation of the consolidation phase identified in the late afternoon...