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...
Early Update
11:11 a.m. ET For a moment the market had a pretty strong opening as yields came down more, but I...
Afternoon Update
This certainly hasn’t been a good start to the holiday shortened week. A subscriber shared with me that the second...
Intraday Update
There’s some movement in the short term 3C charts of index futures, where there wasn’t any at the Early Update....
Early Update
11:16 a.m. ET The market has seen some further downside since pre-market, which coincided with a rise in TSY yields...