Early Update – Ugly Start
11:07 a.m. ET It’s been a rough start for the market with virtually no good news and plenty of bad....
Afternoon Update – Recouping Support
3:31 p.m. ET There have been a few headlines that have moved stocks in the cash session since the CPI...
Early Update – Shifting Focus?
12:18 p.m. ET On a year-over-year basis CPI came in at 9.1% (vs 8.8% expected and 8.6% prior) to the...
Afternoon Update
This will be fairly quick. In the last update I mentioned we may see some nervous sellers before the close...
Market Update – Treading Water Ahead of CPI
2:36 p.m. ET It’s still a pretty quiet day for the averages, which is a small victory given the bearishly...
Market Update – Consolidation and Recessionary Signals
11:44 a.m. ET The averages opened on a modestly higher note, gave up opening gains to trade mixed, but little...
Afternoon Update
Just a quick note since I already gave you the consolidation patterns, levels and measured moves in the last post....
Intraday Update
2:31 p.m. ET The Dow briefly traded back to unchanged on the day, while the NASDAQ-100 and Small Caps continue...
Early Update – Growth Concerns Dominate, But The Market Was Ready For a Correction
11:20 a.m. ET I wrapped up last week with Friday’s Afternoon Update, summed up in the last paragraph, “I’d look...
Afternoon Update
Although it has been a volatile day in intraday trade from the Payrolls report, we’re set to end very little...
Intraday Market Update
1:27 p.m. ET The stock market has seen some volatile price action following the June jobs report. The major indices...
Early Update – Stock Rebound Into the Green
10:37 a.m. ET The initial reaction to the good Jobs report news is bad news for the market, which sent...
Afternoon Update
NASDAQ-100 is the first of the majors that’s challenging last week’s highs so it’s going to be interesting very soon....
Early Update – Decent Start With Improving Participation
10:48 a.m. ET The averages are off to a decent start. NASDAQ-100 is outperforming as the mega-caps keep up a...
Afternoon Update
All of the major averages have climbed to new session highs since the last update, with the exception of Transports...
FOMC Minutes Update
2:53 p.m. ET As expected, the FOMC minutes reveal a Fed worried about inflation. Many participants judged that a significant...
Intraday Update – Pre FOMC Minutes
1:44 p.m. ET Conviction is lacking ahead of the FOMC Minutes release for the June 14-15 meeting at 2:00 p.m....
Early Update – Slow and Defensive Start, Waiting on FOMC Minutes
10:34 a.m. ET It’s a pretty quiet start for most of the averages in mixed and little changed trade. Small...
Afternoon Update – Recession Trade
3:39 p.m. ET The slow slog of S&P > $3800 has been led by the mega-caps, apparent in NASDAQ-100’s outperformance,...
Recession Trade On – Mega-Caps Outperforming
12:27 p.m. ET The market is squarely focussed on recessionary fears, although I’d be shocked if we weren’t already in...