Intraday Update – $3900
12:36 p.m. ET As pointed out in the Early Update, the S&P has a 200 point range with the top...
Early Update
10:29 a.m. ET SP-500 -2.1%, Dow -2% (Transports -2.3%), NASDAQ-100 -2.55%, Small Caps -1.65% Price action has less short term...
Afternoon Update
Taking all of the language out of the FOMC and just looking at various markets, these meeting seems to be...
Powell Presser Update
3:13 p.m. ET It seems like the market isn’t quite buying the hawkish SEP. The Dollar is reversing. The 2-year...
Hawkish FOMC
2:20 p.m. ET The Fed hike rates by 50bps, as expected, but the Dot-plot expectations for the terminal rate to...
Pre-FOMC Update
1:15 p.m. ET Not surprisingly, it’s been a daull, low conviction session thus far ahead of the 2 p.m. ET...
Early Update
10:27 a.m. ET SP-500 +0.55%, Dow +0.45% (Dow Transports +0.9%), NASDAQ-100 +0.65%, Small Caps +0.45% there are no major technical...
Afternoon Update
While stocks came down to fill the opening gaps after the CPI report, other assets more closely tied barely budged,...
Market Update
2:41 p.m. ET If you’re just catching this post, the CPI report basically shows that the post-COVID inflationary trend has...
Market Update – Half of Gaps Filled
1:18 p.m. ET The Dow and Small Caps filled the opening gap and then some. S&P and NASDAQ-100 have come...
Intraday Update
12:18 p.m. ET There’s a lot to take in with this morning’s CPI report. One of the interesting aspects is...
Early Update – Stocks Catching Up to Leading Signals
10:14 a.m. ET We’re finally seeing stocks catch up to a lot of the leading market signals that have been...
Afternoon Update – Stronger Tone Heading Into the Cash Close
In the last 30 minutes or so, price tone has been improving wit some speculating the CPI was leaked, but...
Intraday Update
3:05 p.m. ET There’s been no of any technical consequence among the major averages, like this morning as as suspected...
Market Update- Holding Pattern
12:15 p.m. ET As expected at the end of last week and in the weekend ideo, the averages haven’t done...
Afternoon Update
This is the last post of the day, but I’ll have a ideo this weekend. The S&P is the poster...
Market Update – Hotter Than Expected Producer Price Index
12:40 p.m. ET My apologies for the late post. I woke up early this morning with a debilitating bout of...
Afternoon Update
Although the averages have not yet invalidated the larger failed breakout/fast reversal scenario, they did invalidate yesterday’s bearish short term...
Early Update – Better Tone Invalidating Yesterday’s Bearish Price Consolidations
11:06 a.m. ET We’re getting much improved tone this morning with the averages dismantling yesterday’s bearishly leaning intraday consolidation as...
Afternoon Update
Remember, this will be my last post of the day. The only dentist appointment I could get outside regular market...