Category: Intraday Market Update

The major averages remain near their best levels of the session with the S&P 500 holding a 1% gain and...

1:24 p.m. ET Short-term (2-year) yields are coming down a bit from up 5 (almost 6 basis points) to 3...

11:27 a.m. ET The averages got off to a good start with bullish pre-market price action. NASDAQ-100 is displaying more...

Only 2 of 11 sectors are green and decliners are nearing a 2-to-1 ratio over advancers. We may not reach...

1:38 p.m. ET As mentioned in the Arly Update – the Fed’s self-imposed FOMC media blackout period has expired and...

11:23 a.m. ET With the best week of the year last week and multiple resistance levels in play, I was...

11:50 a.m. ET S&P retraced overnight losses in to the cash open, led by strength in mega-caps (MGK +0.9%), to...

I think that’s it for today’s advance, unless there’s a solid push through S&P-$4400 into the close/overnight, which will have...

2:10 p.m. ET The stock market is up for the third straight day, but the gains are relatively small compared...

11:29 a.m. ET S&P futures have been consolidating the 2-day rally overnight in a typical small bull flag. At the...

This will be brief. Stocks rebounded as Powell struck a dovish tone – not to mention the Fed’s rate hike...

3:09 p.m. ET As suspected, Powell is taking an optimistic tone and walking back some of the knee jerk reactions...

2:33 p.m. ET The Fed raised the target rate to 0.25% to 0.5% (25 bp as expected). Not surprisingly as...

1:04 p.m. ET SP-500 +1.3%, Dow +0.9% (Transports +3.3%), NASDAQ-100 +2%, Small Caps +2.2% The earlier ceasefire negotiations reported by...

11:14 a.m. ET In yesterday’s Afternoon Update I said I thought the averages had another at least +1% of follow-through...

As of the last update it looked like the averages were entering a consolidation phase intraday, now they’re coming out...

12:48 p.m. ET Stocks experienced a little speed bump intraday as Russia’s Putin told European Council President Charles Michel that...

11:16 a.m. ET The major indices begin the session on a higher note, helped by weaker oil prices (-8.65%) and...

Just a quick addendum to the last post. The averages started coming off session lows (soaring yields have been putting...