Category: Intraday Market Update

There hasn’t been any meaningful movement since the last update, which itself pointed to the fact that there hasn’t been...

12:45 p.m. ET This early update isn’t as early as I hoped, but I’ve had to write and rewrite it...

3:31 p.m. ET The stock market has exhibited lackluster action thus far. The price action should be viewed as having...

12:00 p.m. ET After European PMIs came in ugly and boosting rate cut expectations from the ECB, U.S. PMI’s came...

12:20 p.m. ET Today feels like a typical options expiration price pin. There are a few items of interest including...

  For the most part there aren’t any big changes on 3C since the last update. There’s no improvement either....

2:38 p.m. ET Index futures soared overnight, which is easier to do than in the cash market due to much...

There’s so much to talk about in today’s FOMC, but the I’m still struck by the irony of the first...

2:20 p.m. ET Here’s the full redline statement… The knee-jerks are in effect, but one of note that’s coming from...

12:07 p.m. ET This morning is very quiet and little changed. Market-based probabilities still favor a 50 bp rate cut,...

Mega Caps and Semis were leading the charge in pre-market (both underperformed yesterday), and helped out in early trade in...

12:49 p.m. ET Stronger than expected Retail Sales didn’t change the market pricing in the highest probability of a 50...

Nothing surprising since the last update. The major averages are moving sideways on the day into the close. The S&P...

2:57 p.m. ET It looks like a little weaker close may be on tap for the SPX and NDX as...

12:35 p.m. ET Economic growth concerns are lingering after some more weak economic data out of China to start the...

As I mentioned this morning, the Nasdaq-100 was finding technical resistance at its 50-day, but there was a level of...

12:13 p.m. ET Conviction today is waning from yesterday as the Nasdaq-100 hits technical resistance at its 50-day SMA and...