Early Update – Market Treading Water Ahead of FOMC
11:07 a.m. ET Additional economic data since the open includes: The final IHS Markit Manufacturing PMI for January came in...
Intraday Market Update – HY Credit Looking Better
3:24 p.m. ET The averages trade near session highs with notably better tone than yesterday, but the averages still remain...
Bond Market Update
2:18 p.m. ET I’ll be following this up with a market update shortly, but since the Fed is currently meeting...
Early Update – Solid Tone
11:27 a.m. ET Index futures lifted to their best levels of the pre-market session after the 8:30 a.m. ET U.S....
Intraday Update – Correction/Consolidation
3:18 p.m. ET There’s not a lot of change since the Early Update. The main indices have been pinned in...
Early Update
11:34 a.m. ET The market is correcting/consolidating after a nice run last week, but near some key levels like the...
Market Update -Measured Moves in Sight
3:15 p.m. ET We don’t have huge percent changes in the averages, but a slow and steady march higher. Dow...
Mega-Caps Officially in Leadership Role
12:35 p.m. ET The mega-cap index (MGK) is up +1.1%, even with yields higher by 3 to 4 basis points....
Early Update
10:45 a.m. ET We have some big developments this morning, maybe not so much apparent in price percentage moves, but...
Afternoon Update
Little has changed on the day. Perhaps the averages moving from earlier bull flags to what are early stage...
Intraday Update
1:13 p.m. ET The S&P and NASDAQ-100 continue to trade near very important technical levels – the 2022 primary bear...
Early Update – Bull Flags Breakout After Bear Trap Yesterday. Averages Taking On Hugely Important Levels.
10:51 a.m. ET The S&P and NASDAQ-100 broke out of their bull flags a day after setting a bear trap...
Afternoon Update -Bear Traps?
The S&P 500 has maintained its position above its 200-day sma and the 4,000 area and that makes for an...
Intraday Update – Maybe Some Answers
1:45 p.m. ET SP-500 -0.4%, Dow -0.25% (Transports -0.9%), NASDAQ-100 (-0.8%), Small Caps -0.3% I really think the Early Update...
Early Update – Microsoft’s Earnings Weigh On Mega-Caps
10:55 a.m. ET While earnings season is going to cause day-to-day volatility in the broader market (just as Microsoft’s earnings...
Market Update – Consolidations are So Far, So Good.
1:40 p.m. ET The averages are mixed and little changed – typical consolidative activity. SP-500 -0.05%, Dow +0.2% (Dow Transports...
Early Update – Consolidations Taking Shape
10:45 a.m. ET It has been an interesting start. Several large stocks such as Verizon (VZ), Eli Lilly (LLY), and...
Afternoon Update
So far it seems like a couple of things from the last post are a high probability 1) a consolidation...
Intraday Update – Consolidation Phase Intraday? If So, We Have the Next Target on the Upside
1:13 p.m. ET The market is still looking good with all 11 S&P sectors up from +0.34% (Materials) to +2.65%...
Early Update – Bullish Follow-Through Led by Mega-Caps S&P
11:42 a.m. ET Friday’s strong close to the day and the week suggested bullish follow through coming into this week....