Early Update -Consolidation Continues
10:52 a.m. ET Some of the CPI gains in futures (relief it wasn’t as bad as the whisper number) are...
A.M. Update -CPI
CPI came in about as expected, but still at the fastest pace of inflation since 1982, and showed evidence of...
Daily Wrap
With most averages filling the gaps and a loss of price momentum yesterday, today’s price action looked like profit taking...
Intraday Update
2:45 p.m. ET As mentioned in the last update, on a short term tactical basis I’m feeling more neutral on...
Early Update – Profit Taking
11:07 a.m. ET This looks like the profit taking expected with most averages filling their gaps and what could be...
A.M. Update
Index futures are lower this morning. This looks like the profit taking ahead f tomorrow’s CPI that I’ve been expecting...
Daily Wrap
The stock market closed higher for the third straight day on Wednesday, albeit at a more modest pace. Market action...
Market Update
2:47 p.m. ET The large-cap indices are cooling off from a two-day rally, while the small-cap Russell 2000 keeps moving...
Mixed Market
10:34 a.m. ET Briefly, the averages are losing momentum as suspected in a mixed start. Futures initially surged on Pfizer...
A.M. Update
Index futures are modestly higher after some news-related knee jerk gains were retraced. Preliminary data for the Pfizer-BioNTech vaccine showed...
Daily Wrap
The market has had 3 things going for it coming into this week. The first is a deep oversold condition....
Afternoon Update
As mentioned in the last update, the Dow filled the post-Thanksgiving Gap. The S&P came within a fraction of doing...
Market Update – Dow Fills Gap
1:46 p.m. ET Well that didn’t take long. While the NASDAQ-100 and small Caps are the best performing today, yesterday...
Early Update -Strong Follow Through and Rotation
10:40 a.m. ET Receding Omicron fears and a second shot of Chinese stimulus in the market’s arm are extending the...
A.M. Update
Index futures are sharply higher to continue yesterday’s advance. The early strength in futures comes after a steady overnight rally....
Daily Wrap
From Friday’s Afternoon Update… “My guess at this point is that we’ll see an oversold bounce to fill or try...
Afternoon Update
Coming into this week I was looking for an oversold bounce in a fairly narrow window before the mid-December FOMC....
Early Update
11:09 a.m. ET The market action so far this morning is very much along the lines of an oversold rebound...
A.M. Update
The S&P 500 lost 1.2% last week as uncertainty related to the Fed’s tapering plans and the new coronavirus variant...
Afternoon Update
It hasn’t been a good week for stocks in tone. In price action it hasn’t been that bad with the...