Category: Intraday Market Update

The Tech sector is pretty much single-handedly carrying the market this afternoon. With that understanding the NDX looks like a...

2:54 .m. ET The averages got off to a very ugly start with selling that didn’t seem to have a...

11:26 a.m. ET It’s a very ugly start for stocks. SPX (5m) breaking the bear flag and heading to test...

NVIDIA (NVDA +1.4%) and Meta Platforms (META +0.1%) had been trading down when the S&P 500 and Nasdaq were at...

1:08 p.m. ET Now that were past the initial, “Everything up, and everything up about the same” phase that immediately...

Today has a very typical 1-day oversold feel to it. The only average that had a somewhat defined bearish consolidation...

S&P 500 futures are up 0.65% after last week’s rout. Price action in futures looks like a bear flag, but...

3:10 p.m. ET As I suspected, the market is going into consolidation around NDX’s mid-point of its measured move. This ...

1:08 p.m. ET First, the market saw a little pump and dump at 11 a.m. ET. The pump was in...

:08 a.m. ET 50-basis point rate hike odds have come down from 50 basis points at 57% after Payrolls to...

Well, if I had to guess what the market is thinking ahead of Payrolls, I’d say that it’s not all...

1:02 p.m. ET The market has been dynamic this morning with mega caps and semis initially supporting the market, and...

Running through 3C charts I didn’t see anything too unexpected. Yesterday I mentioned that it looked like technical buyers showed...

2:24 p.m. ET I apologize for missing the early posts. Investor’s growth fears aren’t being helped much with today’s data....

Here we are, right down to the wire. Since the last update the Philly Semiconductor Index (SOX -8%), which is...

2:55 p.m. ET There are some early signs of some “dip” buyers, if a 1-day -7.5% decline qualifies as a...

2:15 p.m. ET SPX (10m) – Since capturing this chart, the SPX is already trading below $5450. Here’s the same...

11:47 a.m. ET U.S. markets are following the lead of global markets from yesterday with a broad-based decline in early...

12:35 p.m. ET On the economic front, The overall theme of PCE was that it reinforces investors’ hopes of a...

If you’ve been paying attention to the market this week, the following will come as no surprise.   SPX (5m)...