Afternoon Update
The S&P 500 is up 0.4% to trade off prior highs (+1.6%). There just isn’t a lot of conviction in...
Intraday Update – A Couple 3C Divergences Forming
1:51 p.m. ET The S&P traded to new session highs in the last 60 minutes, but it has been a...
Early Update – Decent, but Dynamic Start
11:24 a.m. ET The averages got off to a fairly positive start, but have since faded gains and chopped around....
A.M. Update
S&P futures are up +0.4% amid another round of mostly better-than-expected earnings reports. NASDAQ-100 futures trade up +0.25% after being...
Daily Wrap
There is simply no shortage of incredible developments today, on a day when bond yields dropped further for a second...
Afternoon Update
In the last update I observed that while holding near session lows, the charts looked very tentative given the morning’s...
Intraday Update -Struggling at Intraday Lows
1:28 p.m. ET Consumer Discretionary is testing the intraday low, although a few components like Tesla (TSLA -11%), which is...
Market Update
11:48 a.m. ET With bond yields lower (2y and 10y) by at least 8 bp and Treasury futures’ 3C charts...
Early Update – Mega-Caps Liquidated
11:05 a.m. ET The averages are off to a weak start, giving back yesterday’s gains at the open with NASDAQ’s...
A.M. Update
S&P futures are down about 0.45% after a pretty remarkable intraday reversal yesterday. Besides earnings season in full swing, growth...
Daily Wrap
After a weak close in the U.S. on Friday, Asian/Chinese equities started the week in a virtual bloodbath with the...
Afternoon Update
It looks like the Fed going silent until the May 4th FOMC, and some growth concerns are bringing down yields...
Intraday Update- SPX $4200 Test and Off the Lows
2:14 p.m. ET After being down nearly -1.7% in early follow through downside trade, the S&P is off the lows...
Leveraged ETFs Seeing Some 3C Movement AS S&P Tests $4200
12:15 p.m. ET While the cash charts are still sloppy without a clear consentient theme, I’m seeing some movement on...
Early Update – Yields Are Plunging & Growth Stocks Display Better Relative Performance
11:53 a.m. ET Just like Thursday’s ugly close saw follow-through selling Friday, Friday’s ugly close at session lows is seeing...
A.M. Update -Yields Sharply Lower
The S&P 500 futures trade lower by -0.4% after very ugly closes Thursday and Friday as growth and rate concerns...
Afternoon Update- Treasuries Stabilizing
3:23 p.m. ET The stock market has been stuck on a steady decline with losses of about 2%, largely an...
Early Update – Yields Coming down
11:32 a.m. ET As expected, stocks trade lower in typical follow through-selling when a market closes at its low the...
A.M. Update – S&P Unchanged for the Week
S&P futures have been pretty steady overnight, down about the same -0.25% as last night, and entering the session unchanged...
Daily Wrap
Early this morning it seemed that equities had recovered nicely from the disaster that was Netflix’s earnings yesterday, with a...