Early Update – Positive Change in tone From the Open
11:11 a.m. ET The market opened weak after technical resistance (S&P 200-day) and earnings from banks and Tesla (TSLA -2.85%)...
Afternoon Update
Heading into the close the S&P is sitting just below its 200-day and with a hanging man candlestick, so it’s...
Market Update
2:28 p.m. ET It’s a bit or a nerve wracking day in that the first half had no conviction on...
Tone Improving as 10-year Crosses Under 3.50%
12:34 p.m. ET It’s subtle and slow, but market tone is improving. The S&P is testing just above its 200-day...
Still Very Mucky Trade – S&P 200-Day
11:09 a.m. ET We still haven’t heard from the Fed’s Bullard yet (11:30 a.m.), but we have hear from the...
Early Update – Very Volatile Knee-Jerking
10:22 a.m. ET I’m going to keep this brief because there’s a lot of volatility and whiplashing taking place. When...
Afternoon Update
The S&P has pushed just a bit above the week’s high of $3950 ($3967) and is currently trading at session...
Market Update
1:58 p.m. ET SP-500 +0.75%, Dow +0.45% (Transports +1.45%), NASDAQ-100 +1.1%, Small Caps +0.8% This is a quick check in....
Early Update -Pretty Solid Considering
11:04 a.m. ET The market is off to another upbeat start considering the event risk of the CPI report tomorrow....
Afternoon Update
As we near the close, my takeaway on the day is pretty much the same as this morning – a...
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...
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...