Intraday Update – Short Squeeze Accelerating
1:50 p.m. ET Well, it’s quite an anticlimactic rise into SPX 5,000. While yesterday the index came within 11 cents...
Early Update – Small Caps Outperform
11:17 a.m. ET As has been the case all earnings season, we’ve seen mixed responses since yesterday’s close. It’s important...
A.M. Update
S&P futures are own -0.1% as the Dollar (+0.35%) and Yields (2y +2bp and 10y +4bp) rise modestly. In enrings...
Daily Wrap – Market Breadth Is Concerning
While SPX $5,000 level would seem to be the primary driving catalyst of near term trade, one of the more...
Afternoon Update
The S&P has been sitting 3 to 5 points or 0.1% or less, from 5,000 since 10:30 a.m. ET and...
Intraday Update – A Look at the Market Near SPX 5,000
2:11 p.m. ET The S&P has come within 5 points of 5,000, which was only 0.85% higher from Friday’s close....
Early Update
11:57 a.m. ET SP-500 +0.75%, Dow +0.45% (Transports +0.8%), NASDAQ-100 +1.05%, Small Caps -0.4%. The S&P is only 12 points...
A.M. Update
S&P futures are up +0.35%. Treasury yields are slightly higher in front of today’s $42 billion 10-yr note auction. The...
Daily Wrap
Tonight’s post may be a little shorter than usual… I can hear your relief 🙂 I feel like I picked...
Afternoon Update
Treasury yields are down after a sharp rise over the last few sessions and just as they ran into a...
Market Update – Value Bounces
1:24 p.m. ET We didn’t quite get 1-day oversold internals yesterday, but darn close. All that was missing was the...
A.M. Update
S&P futures are up +0.15% as yields pullback modestly. Another slate of earnings news since yesterday’s close has received mixed...
Daily Wrap
The S&P 500 finished higher on Friday despite more stocks falling than rising. Despite the S&P 500 finishing more than...
Afternoon Update
Friday the S&P made a new record closing high with more stocks falling (276) than closing higher (223). One of...
Early Update – Ugly Trade Getting Uglier
11:52 a.m. ET Powell reiterated his view from last week’s post-FOMC decision press conference over the weekend on 60 Minutes, saying that...
A.M. Update
S&P futures ae down -0.3% as yields and the Dollar move higher. Fed Chair Jerome Powell reiterated his view from...
Daily Wrap – Bad Breadth & Volatility Signals
Here ae the weekly stats for the major averages on the week: S&P +1.38%, Dow +1.43% (Transports -0.65%), NASDAQ-100 +1.27%,...
Market Breadth Is Stunningly Negative
The S&P 500 (+1.3%) and NASDAQ (+1.9%) are trading sharply higher thanks to a surge in shares of Meta Platforms...
Early Update Mixed Market on Strong Earnings, but Inflationary Payrolls
12:13 p.m. ET This morning’s market has been mixed and quite fluid. The two driving primary forces are strong earnings...
A.M. Update
S&P futures gave up a +0.7%overnight Amazon/Meta earnings gain on this morning’s Payrolls report. Payrolls both beat, and saw wages...