Intraday Update – Solid Market Tone
1:45 p.m. ET The theme today is consolidation. The main indices have been able to maintain a slightly positive disposition...
Early Update – Consolidative Tone
10:39 a.m. ET The major averages are mixed and little changed for the most part since it became apparent that...
Powell Prepared Remarks Released
And in them, there’s no talk of Fed monetary policy or policy outlook. The comments focus more on the subjects...
Central Bank Event Feed
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Averages Correcting
As suggested in the last update, probabilities for a consolidation/correction after 2 days of strong gains, was looking increasingly reasonable....
Intraday Update – Strong Start to the Week…. Time for a Consolidation?
1:40 p.m. ET I see a lot of good things on the charts today. Just among the averages, recall the...
Early Update – Mega-Caps Finally Exerting Leadership
11:03 a.m. ET It has been a good start for the stock market today with many stocks in rebound mode....
Afternoon Update
How much things change in a week, or just a day. At this time last week I wrote in Thursday,...
$3900 On Deck, Mega-Caps Starting To Lead
2:57 p.m. ET The tone of this week started getting better than the prior 2 weeks with regard to market...
Intraday Update – Tone is MUCH Improved, but S&P $3900 is KEY
1:11 p.m. ET As expected early in the week, the Payrolls report has proven to be the most influential data...
Early Update – Economic Data supports the Stock Market
10:40 a.m. ET Although a strong pre-market showing from index futures after the Payrolls report’s wage growth slowed noticeably, which...
Market Update
3:10 p.m. ET The last 6 months or so we haven’t exactly seen consistency between various Fed officials. We’ve actually...
S&P Near Test of $3800
12:44 p.m. ET The S&P-500 has hit an intraday low of $3802.42, fairly close o the test of $3800. At...
Early Update – Stronger Jobs Data Causing Concern Before Key Payrolls Report Tomorrow
10:28 a.m. ET Both the (notoriously unreliable) ADP Jobs report, and Initial Claims came in better than expected. This is...
Afternoon Update
The dollar and yields suggest that the minutes were pretty much a non-event or not surprising. Stocks moved a bit...
FOMC Minutes Update
2:45 p.m. ET The reaction in the Dollar and yields to the FOMC minutes is pretty minimal, if not non-existent....
Pre-FOMC Minutes Update
1:13 p.m. ET The S&P 500 pushed above the 3,850 level, which has been a resistance point since mid-December (also...
Interesting Development
12:10 p.m. ET SP-500 +1.15%, Dow +0.7% (Transports +1.65%), NASDAQ-100 +0.85%, Small Caps +1.75% While the major (cap weighted) averages remain...
Early Update
11:06 a.m. ET Index futures and the averages got a bit of a jolt in with two events. One was...
Afternoon Update
Once again S&P has survived the test of $3800 and continues to confirm the level as an important local support...