Category: Intraday Market Update

10:29 a.m. ET SP-500 -2.1%, Dow -2% (Transports -2.3%), NASDAQ-100 -2.55%, Small Caps -1.65% Price action has less short term...

Taking all of the language out of the FOMC and just looking at various markets, these meeting seems to be...

3:13 p.m. ET It seems like the market isn’t quite buying the hawkish SEP. The Dollar is reversing. The 2-year...

2:20 p.m. ET The Fed hike rates by 50bps, as expected, but the Dot-plot expectations for the terminal rate to...

1:15 p.m. ET Not surprisingly, it’s been a daull, low conviction session thus far ahead of the 2 p.m. ET...

10:27 a.m. ET SP-500 +0.55%, Dow +0.45% (Dow Transports +0.9%), NASDAQ-100 +0.65%, Small Caps +0.45% there are no major technical...

While stocks came down to fill the opening gaps after the CPI report, other assets more closely tied barely budged,...

2:41 p.m. ET If you’re just catching this post, the CPI report basically shows that the post-COVID inflationary trend has...

1:18 p.m. ET The Dow and Small Caps filled the opening gap and then some. S&P and NASDAQ-100 have come...

12:18 p.m. ET There’s a lot to take in with this morning’s CPI report. One of the interesting aspects is...

10:14 a.m. ET We’re finally seeing stocks catch up to a lot of the leading market signals that have been...

In the last 30 minutes or so, price tone has been improving wit some speculating the CPI was leaked, but...

3:05 p.m. ET There’s been no of any technical consequence among the major averages, like this morning as as suspected...

12:15 p.m. ET As expected at the end of last week and in the weekend ideo, the averages haven’t done...

12:40 p.m. ET My apologies for the late post. I woke up early this morning with a debilitating bout of...

Although the averages have not yet invalidated the larger failed breakout/fast reversal scenario, they did invalidate yesterday’s bearish short term...

11:06 a.m. ET We’re getting much improved tone this morning with the averages dismantling yesterday’s bearishly leaning intraday consolidation as...

Remember, this will be my last post of the day. The only dentist appointment I could get outside regular market...

2:04 p.m. ET *I forgot to mention this earlier, well in fact I just forgot completely about the appointment, but...