Afternoon Update
We had a little bit of a taste of Wednesday’s afternoon ugliness this afternoon and like Wednesday, there was no...
Intraday Update – Stocks and gold come down
2:41 p.m. ET It’s been a really quiet day. For the most part, nothing changed with no material movement since...
Early Update – Defensive Sectors Testing Resistance
11:09 a.m. ET Taking a quick look around this morning, volume is not surprisingly below average for this time of...
A.M. Update
S&P futures are up +0.2% and still moving in a parallelogram following Wednesday’s loss that’s consentient with a bear flag....
Daily Wrap
In spite of yesterday’s notable weakness in stocks yesterday, I noted in last night’s Daily Wrap, ” with all 11...
Afternoon Update
3:30 p.m. ET All of the averages took yesterday’s strong 1-day oversold internals and turned that into a pause in...
Watch For Bearish Consolidations Next
1:05 p.m. ET It’s too early to map these out. We need more price data. I suspect we’re probably going...
Early Update – Oversold Bounce, But No Help
11:17 a.m. ET For what most expected to be a slow holiday week, we’ve had some interesting days. Tuesday’s 1-day...
A.M. Update
S&P futures are up+0.75% in a correction of yesterday afternoon’s weakness. About +0.5% of that was overnight correction/consolidation, and 0.25%...
Daily Wrap – Pin, Meet Bubble
Today’s trade started out, and spent most of the day, extremely dull, which made sense after yesterday’s 1-day overbought internals...
Afternoon Update – TROUBLE
3:41 p.m. ET I may have another update if necessary, but given all of the work I’ve done in the...
Getting Close To Failed Breakouts
3:01 p.m. ET Today’s been dull as a 1-day overbought condition (yesterday) within an uptrend would suggest, but as I...
Market Update – Transports and Small Caps
2:39 p.m. ET Today feels like what I expected from the start of the week, dull trade as trading desks...
Early Update – Mega-Caps In Today
10:54 a.m. ET As seen late yesterday, there was rotation out of Small Caps into the close, and into S&P...
A.M. Update
S&P futures are down -0.2%. Yesterday was a strong 1-day overbought internals signal. Geopolitical angst is also part of the...
Daily Wrap -Sentiment Extreme
Overnight one of the events of the week was the Bank of Japan’s policy meeting as some BOJ officials hinted...
Afternoon Update
Most of the major averages have been pretty quiet this afternoon, trending sideways and up +0.4 to 0.6%, but Small...
Market Update – Sectors Update and Price/Volume Trends
All four averages are still in the green and Small Caps/Transports are leading as they have every day that the...
Early Update – Small Caps’ Turn
11:05 a.m. ET After the S&P, Dow and NASDAQ-100 started breakouts from small bullish consolidations yesterday, it’s Small Caps’ turn...
A.M. Update
S&P futures are up +0.2%. A drop in yields has acted as support. The 2-yr yield is down 1 basis...