Afternoon Update
This will be my last post of the day/week. The Early Update showed quite a few bullish conditions, which started...
Early Update – Important Update, Improving Market Tone and S&P Trading Above Its 50-day
11:42 a.m. ET My apologies this post is out later than usual, but I think it’s an important one and...
Aftnoon Update
3:48 p.m. ET SP-500 -0.5%, Dow -0.5% (Transports -1%), NASDAQ-100 -0.75%, Small Caps -0.8% Fed Vice-Chair, Lael Brainard, gave some...
Intraday Update – S&P $3900 & Some Improving 3C Signals
1:14 p.m. ET The S&P continues to linger around the $3900 level (former resistance) and there have been some improving...
Early Update – Economic concerns and S&P $3900
11:12 a.m. ET Yesterday’s weak close portended a weak open. Additionally we’ve had quite a few negative earning reactions since...
Afternoon Update
I don’t see a clear, specific catalyst for the averages downturn about an hour into the session this morning. It...
Intraday Update
1:25 p.m. ET Shortly after I started the Early Update, the averages came down and gave up gains. Shortly after...
Early Update – Consolidative Trade Continues
11:00 a.m. ET The averages had a strong start with lower yields, better inflation news and weak economic news –...
Afternoon Update
There’s not much to add to the day’s analysis, which was pretty much set in terms of expectations at the...
Market Update- Consolidation As Expected
2:17 p.m. ET The averages seem a bit dull today with the S&P unchanged, but it’s trading right around the...
Early Update – Consolidation Around S&P $4k
11:00 a.m. ET The S&P (and other averages) are doing exactly what was expected coming into this week and that’s...
Afternoon Update
This will be the last post of the day, as always for Fridays, but I’m pretty sure I’ll have a...
Intraday Market Update
2:29 p.m. ET The stock market opened on a weak note as investors digested earnings reports from several influential banks...
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...