Market Update – On the Way To A Test? And Then…
1:50 p.m. ET The Dollar-Yen’s gains — thus index futures related gains– to start the new week are the result...
A.M. Update
S&P futures are up +0.25% as the Yen has slid lower (USD/JPY +0.7%) to start the new week. This week’s calendar...
Afternoon Update
Earlier today it seemed like today was going to be a relatively dull day (compared to the rest of the...
Early Update – A Tired Market, But Something To Watch
11:55 a.m. ET It’s a pretty slow day comparatively vs. the rest of the week. Part of that seems to...
A.M. Update – 1-Day Overbought Internals
S&P futures are down -0.3%, fading an earlier gain of +0.5%, and Nasdaq-100 down -0.45%. Yesterday’s internals were 1-day overbought....
Daily Wrap
Initial Jobless Claims came in slightly better than expected, although Continuing Jobless Claims hit a 33-month high. The market took...
Afternoon Update
This will be quick. Today was a decent day for the market, but in terms of exiting consolidation (either way),...
Intraday Update
2:27 p.m. ET SP-500 +2.4%, Dow +1.8% (Transports +1.6%), NASDAQ-100 +3.1%, Small Caps +2.2% So far it’s been a less...
Early Update
11:13 a.m. ET SP-500 +1.6%, Dow +1.3%, (Transports +1.3%), NASDAQ-100 +2%, Small Caps +1.6% The market is off to a...
A.M. Update
S&P futures rebounded off overnight lows and are +0.8%. Initial Claims gave the market some relief from economic growth concerns...
Daily Wrap
Early market gains faded after yesterday’s 1-day overbought internals. The S&P 500, which was trading up as much as +1.7%...
Afternoon Update
It looks like the 1-day overbought internals signal from yesterday worked again. I really do favor a true test of...
$5150 Test Coming Up?
2:42 p.m. ET It sure looks like it. SPX (5m)...
Early Update – Strong Start, But Fading
11:53 a.m. ET Quite frankly, given how influential the carry trade unwind has been, I’m a little surprised this morning...
A.M. Update – Carry Trade Re-wind
S&P futures are up +1.1%. The reason? In the Summary section of Monday’s Daily Wrap I wrote, “In my opinion...
Daily Wrap
Yesterday’s internals were textbook 1-day oversold, and in a big way. Furthermore, breadth oscillators have only been as oversold as...
Averages Coming Off The Highs. Can You Guess Why?
As we head in to the close, the averages are coming off the highs… SPX (2m) NDX (2m) In the...
Important Market Update
1:34 p.m. ET I’ve been catching up with flow reports this morning and discovered that yesterday, hedge funds bought the...
A.M. Update
S&P 500 futures are up +0.4%, having given up some of overnight gains. Overseas, Japan’s Nikkei surged +10.2% following its...
Daily Wrap
It’s not often you see the S&P-500 drop -3% in a single day, but today’s story started overnight in Japan...