Category: Intraday Market Update

3:01 p.m. ET There are 2 very distinct reactions. First a dovish take on the FOMC policy statement, and the...

2:08 p.m. ET Wow, so quickly the Fed hiked by 75 bp as expected to a target range of  3.75-4%%...

1:49 p.m. ET I’ve been diligently digging through the charts and the conclusion I’ve come to is that there’s not...

11:44 a.m. ET I had two concerns for price action stemming from yesterday’s trade. The first was that the majority...

10:25 a.m. ET The market isn’t off to a great start by any means, but the averages are still holding...

In the last post I showed you this morning’s breakouts in the major averages as yields tumbled overnight, but then...

1:18 p.m ET In Monday’s Daily Wrap I mentioned that there were economic data points that “could” move yields before...

10:30 a.m. ET After yesterday’s bullish consolidations in the averages, lower yields today have caused many to breakout of yesterday’s...

3:49 p.m. ET Everything I’ve had in the last few updates is still relevant. The only real change since the...

2:19 p.m. ET A modest rise in Treasury yields is in play today which has pressured mega-caps and thus the...

11:28 a.m. ET Following up on the Early Update, yes it’s too early to get an idea of what the...

10:39 a.m. ET It appears our correction is starting the new week and final day of October, which I suspect...

2:20 p.m. ET This is a pretty impressive day considering the market was able to shake off Amazon’s poor earnings...

10:44 a.m. ET Index futures moved well off their lows heading into the cash open and now we have a...

Despite the vast differences among the averages today (due to earnings season), the overall takeaway from the day is that...

2:10 p.m. ET The averages are all over the place, from relative strength in the Dow and Small Caps, to...

11:47 a.m. ET We’re only a day or so into the consolidation phase I was looking for. The Dow of...

11:10 a.m. ET Overall the market looks pretty good today thus far, but there’s a very clear disparity in the...

Today’s trade has shaped up better than expected considering the market has overcome heavy selling in Alphabet (GOOG  -9.4%) and...