A.M. Update
S&P futures are up 0.55% and price action looks cleaner this morning, less bearish than overnight. The fed’s vice chair,...
Afternoon Update
I am going to try to speak as plainly as possible. I know there’s some excitement with today’s move and...
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...