Early Update
10:58 a.m. ET The market opened to some weakness following the pre-market economic data. After most of the averages put...
Afternoon Update
The averages are down -1.1% to -2.5% presently. The S&P is down about -1.5%, but that’s off an intraday low...
Intraday Update – More Sectors Positively Diverging
2:36 p.m. ET Since the last update, talking about a positive shift in tone in Consumer Discretionary, I’m seeing many...
Intraday Update – Discretionary Sector
1:53 p.m. ET I’m not seeing notable 3C divergences in the broad averages, at least not the kind that suggest...
S&P Slips Under $3800
1:03 p.m. ET The S&P fell below $3800 and Tuesday’s intraday low ($3795.62). Volume increased on the break under $3800...
Early Update – Stronger Than Expected Final Q3 GDP Sparks Equity Weakness
11:10 a.m. ET The link between yields and equities remains unshakable, evidenced this morning with the catalyst of the final...
Intraday Update
2:54 p.m. ET Just a quick update… Yields came down a little bit since the last update after a strong...
Intraday Update
12:53 a.m. ET SP-500 +1.4%, Dow +1.5% (Transports +1.45%), NASDAQ-100 +1.5%, Small Caps +1.85% Less favorable conditions than this morning...
Early Update – Strong Start Leading to one of my Two Scenarios
10:41 a.m. ET It seems we are on our way to one of the two most probable scenarios I laid...
Afternoon Update
I’ve been watching the market closely all day and it’s been a tedious affair with very little of interest taking...
Intraday Update
1:27 p.m. ET The tone of trade today is painfully dull as fewer and fewer traders are showing up in...
Afternoon Update
There’s not a lot to add from the last post, except the S&P held right at $3800… (1m) …And with...
Intraday Update
2:36 p.m. ET SP-500 -1.15%, Dow -0.8% (Transports -1.45%), NASDAQ-100 -1.6%, Small Caps -1.35% A lot of people think of...
Early Update – Yields Weighing On Mega-Caps
10:33 a.m. ET The price action isn’t as bad as the early stats make it appear to be. Higher yields...
Afternoon Update
As always on Fridays, this will be my last post of the day, but I’m pretty sure I’ll have a...
Intraday Update – VIX Futures Under Pressure
3:02 p.m. ET Since I mentioned that the later in the day, the more possibility there is fr price to...
Market Update
2:06 p.m. ET After S&P futures made a brief attempt to take out $3900 on the upside, selling accelerated for...
Early Update -Second Largest Options Expiration in History
10:56 a.m. ET The averages opened to paring pre-market losses by half as the S&P found support at the 50-day...
Market Update- Interesting Scenario
2:43 p.m. ET I’ve already discussed the S&P’s $3900-$4100 range ahead of a huge options expiration tomorrow. You probably also...
Intraday Update – $3900
12:36 p.m. ET As pointed out in the Early Update, the S&P has a 200 point range with the top...