Afternoon Update
The major indices have been backsliding for the better part of the afternoon, moving lower in an orderly fashion with...
Early Update – Much More Interesting Than Yesterday
12:22 p.m. ET It’s already a much more interesting day. Pay attention to commodities and market breadth. Economic Data- The...
Afternoon Update
The major averages are little changed to unchanged heading into the close: SP-500 0%, Dow 0.04% (Transports -0.55%), NASDAQ-100 -0.15%,...
Daily Wrap -Inflation Is Yesterday’s News
I’m feeling a little more casual than usual today, so I’m going to run with that. The most important economic...
Afternoon Update
Since the last update, the S&P 500 Health Care sector (-0.35%) joined Industrials (-0.2%) and slipped into negative territory recently,...
Intraday Update – Overhead Supply and Daily Rotation
12:55 p.m. ET As suspected in the Early Update, the S&P ran into some resistance at the early May highs....
Afternoon Update – SPX Headed For A Test Of $4100
***As I was finishing up this post, the second leg down in the S&P started. I’ll leave the post as...
Afternoon Update
The S&P has lifted somewhat off the ows and back into the consolidation range. SP-500 (5m) it looks like the...
Afternoon Update
The market is trending higher into the close. The S&P confirmed, and now sits just above the bull flag’s upper...
Daily Wrap
Markets were whipsawed back and forth overnight and in today’s cash session as a result of the CPI report (Consumer...
Early Update
10:40 a.m. ET The Fed is expected to raise the target range for the fed funds rate by 50 basis...
Afternoon Update
2:41 p.m. ET This is out a bit early because I have my last emergency dental appointment at 2:45, but...
Daily Wrap
Things started pretty well for index futures overnight, but quickly went south in the cash session. NASDAQ was the best...
Intraday Update
The S&P is testing its 100-day now and Small Caps are testing 12/20’s oversold low. However, the 10-year yield is...
Daily Wrap
In last night’s Daily Wrap (overnight section) S&P futures’ 3C chart was negatively diverging, while safe-haven assets’ 3C charts were...
Daily Wrap
The day after the NASDAQ composite set a new record close and traded above 10,000 for the first time ever,...
Daily Wrap
China retaliated against President Trump’s tariffs by potentially starting a currency war in allowing the yuan to weaken beyond the...