Daily Wrap
Today’s market tone had a surprisingly pro-cyclical, obvious risk on bias. There were some positive responses to earnings and other...
Afternoon Update
Today’s trade has had nice, broad participation. As suspected in the last post, the S&P wasn’t crossing that 6, almost...
Market Update
2:07 p.m. ET Today’s trade has a very pro-cyclical bias, between cyclical S&P sectors leading, gains in crude and copper...
Small Caps Take Out Resistance
12:56 p.m. ET Small Caps did it, now they have to hold it… IWM (15) and above its 50-day in...
Regional Banks Continue Rallying
12:00 p.m. ET The Regional Banks were a big part of setting the risk-on tone earlier after WAL gave favorable...
Early Update
10:11 a.m. ET The market got off to a decent start at the open, but I’m not convinced doesn’t make...
A.M. Update
S&P futures are up +0.35% and Russell 2000 futures are up +0.55%, with Regional Banks up this morning after Western...
Daily Wrap
The day started out looking fairly similar to recent sessions. Overnight China reported some weaker-than-expected data including retail sales, industrial...
Some Revealing Intraday Price Action In The Averages
I’m reposting a few screen grabs of intraday market updates for subscribers from earlier today. The same concepts that applied READ MORE
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...
Debt Ceiling Worries
2:15 p.m. ET Debt ceiling worries remain in play after Treasury Secretary Yellen warned again that the Treasury may not...
Addendum to the last post
12:06 p.m. ET In reference to where I think the bear flags or triangles on intraday charts of some of...
Intraday Update – S&P To Test $4100 Again?
11:49 a.m. ET There’s a small intraday bear flag, or sym. triangle apparent on the S&P-500, the Dow Industrials, and...
Early Update – Mega-Caps Back In Leadership Role
10:43 a.m. ET Small Cap Russell 2000 is weaker into the cash open, while tech heavy NASDAQ-100 gained into the...
A.M. Update
Index futures are down around -0.25% across the board, except Russell 20 futures down -0.65%. Uncertainty about the debt ceiling...
Daily Wrap
The day started out with decent tone in pre-market with Regional Banks doing well, much like last week, but the...
Intraday Update – IWM Local Resistance
3:18 p.m. ET I think that might be it for today until we get some rotation maybe to the mega-caps,...
Intraday Update – Risk On Tone Improves
1:07 p.m. ET The session had a weak look this morning but under the surface there was an apparent risk-on...
Early Update – Mixed Trade, But A Risk-On Bias
10:37 a.m. ET As mentioned at the bottom Friday’s Afternoon Update, we have a lot of Fed speakers this week....
A.M. Update
S&P futures are up +0.2% and Small Cap Russell 2000 futures modestly outperform in pre-market, up +0.3% which was the...