Afternoon Update
Price action and 3C confirmation have been pretty solid today, so either market participants suddenly aren’t tentative in front of...
ABI Below 9
1:15 p.m. ET We saw quite a few ABI signals in 2021, and Q1 of 2022 (which was heading into...
Early Update -ABI Below 10
11:41 a.m. ET Since the market has been very fluid intraday all this week, I’m going to write this post...
A.M. Update
S&P 500 futures are up +0.25%. Pre-market gains in mega cap stocks (where else?) are supporting the broader market so...
Daily Wrap – Another ABI Signal
It was another lackluster day in the stock market, evidenced by lower than normal volume. The morning started out with...
Afternoon Update
It looks like most of the averages are going to close with another small bodied Star candle on their daily...
Market Update – Fluid Markets
2:39 p.m. ET Like yesterday, the market is fluid today, moving from favoring Mega-Caps and Semis this morning, to favoring...
Early Update – Market Not Too Pleased with Powell’s Lack of Rate Cut Timing Clarity
11:42 a.m. ET Powell is still testifying before the Senate. Rates have moved higher since he began and we’ve seen...
Link to Chair Powell’s Senate Testimony
Powell testifies before the Senate Banking Committee at 10 a.m ET. Here’s the link, or you can watch it below....
A.M. Update
S&P futures are up +0.18% this morning. Pre-open gains in some mega cap names have contributed to the upside bias....
Daily Wrap – Another ABI Close Below 14
The post-July 4th weekend session was fluid with changes in sector and style factor preferences throughout the session and some...
Afternoon Update
All of the majors are headed into the close pretty much flat on the day. Semis, that have seen some...
Early Update – Early Short Covering Fades, Fluid, But Not Volatile Action
12:41 a.m. ET This morning has been fluid, although not a very volatile morning. Cyclicals, Value and Small Caps started...
A.M. Update
S&P futures are up +0.1%. NASDAQ-100 is flattish, while Russell 2000 is up +0.7%. European stocks rose and the euro...
Afternoon Update
It’s a mixed day, the S&P up about a half percent, NASDAQ-100 up +1%, but the DJIA just +0.2%,...
Market Update – Volatility Acting Up Again
2:41 p.m. ET The S&P and NASDAQ-100 are being propelled further into record territory by the mega-caps, while the DJIA...
Early Update – Payrolls Unemployment Rate Triggers Recession Warning; Mega Caps Save The Session
11:59 a.m. ET This morning’s U3 (U3 rate measures the percentage of the civilian labor force that is jobless, actively...
A.M. Update – Mixed June Jobs Report
S&P 500 futures are unchanged, NASDAQ-100 futures are unchanged, and the Dow Jones Industrial Average futures are flat after knee...
Afternoon Update – Volatility Starting To Act Up
The equity market closed at 1:00 p.m. ET . The Treasury market closed at 2:00 p.m. ET. Markets are closed...
Early Update
11:22 a.m. ET The stock market closes early at 1:00 p.m. ET. The Treasury market will close at 2:00 p.m....