Intraday Update
12:02 p.m. ET The averages just recently hit new session highs, but that’s not altering my view of a consolidation...
Early Update – Consolidation Phase
10:46 a.m. ET While most of the averages are up with NASDAQ-100 leading the way, it appears the consolidation phase...
Afternoon Update
Well, Yep, the market’s getting tired. I do like to see healthy rotation from the mega-caps that have thus far...
Intraday Update – Rotation to Cyclicals and Value, But Market Looking Tired
2:03 p.m. ET The Mega caps and growth stocks are the main downside drivers limiting index performance today, but there...
Market Update – Cyclical Leadership, Mega-Caps Tiring
11:46 a.m. ET Added to yesterday’s surprise decline in CPI, PPI’s surprise decline this morning has lent more credibility to...
Afternoon Update
The market is lifting a bit into the close, mostly led by Small Caps… Small Cap IWM (1m) at intraday...
Intraday Update – To Session Highs
2:14 p.m. ET After the last post, we did get some consolidative action, but now the averages are trying to...
Intraday Update
12:40 p.m. ET Most of the averages have extended gains since the last update, and most have made higher highs...
Early Update – Stocks Soar on CPI Beat
10:44 a.m. ET We’re off to a strong start with many price trends extending their bullish price patterns after CPI...
Afternoon Update
There’s not too much to add from the last post. SP-500-0.5%, Dow -0.25% (Transports -1%), NASDAQ-100 -1.15%, Small Caps -1.55%...
Intraday Update – 3C Update
1:20 p.m. ET Oil prices (-0.5%) are rolling over, giving up gains. Yields are still higher from 1 bp (30y)...
Early Update – CPI Concerns
10:44 a.m. ET In additional economic data, second quarter nonfarm business sector labor productivity decreased 4.6% (consensus -4.5%) on the...
Afternoon Update
It’s been in large part, somewhat disappointing performance from markets which started off strong, but semis dragged Tech down, and...
Intraday Update – Mega-Caps Weighing on the Market
1:39 p.m. ET The stock market showed resilience early on despite relatively negative headlines before rolling over around midmorning. With...
Early Update – Last Week’s Breakout Makes Further Progress
11:09 a.m. ET Mega-caps led at the open, but a huge short squeeze has put Small Caps on the top....
Afternoon Update
The market is now pricing in about a 70% odds of a 75 bps hike in September (up from 25%...
Market Update
2:01 p.m. ET This morning’s blowout Jobs report is turning controversial, especially given the daily flow of corporate layoff news...
Early Update – Stocks Rebound
10:46 a.m. ET Stocks are rebounding off the lows following the shockingly strong Payrolls report, a six sigma beat vs....
Afternoon Update
Heading into the close, it’s been a very dull, lackluster day with the S&P trading around unchanged most of the...
Intraday Update
1:46 p.m. ET So far the day has had a dull tone with the averages little changed, as if it...