Afternoon Update
As the last post covered, there’s a chance we’re seeing some false / failed breakouts, which are often followed by...
Failed Breakouts in the Works?
1:47 p.m. ET SP-500 -0.3%, Dow +0.55%, NASDAQ-100 -1.9%, Small Caps -0.3% Yesterday I wrote, “An ideal short sale set-up...
Early Update
10:58 a.m. ET The ISM Manufacturing Index for December decelerated and decreased to 58.7% (consensus 60.3%) from an unrevised 61.1%...
A.M. Update
Asia ended mixed, but Europe is trading solidly higher. December manufacturing PMIs out of China, Japan, Australia, and the UK...
Daily Wrap
Index futures drifted higher with Europe to start the week, although as noted in the A.M. Update, 3C was negatively...
Afternoon Update
There aren’t any changes of note from the last update. The averages remain in bullish consolidations for the most part...
Market Update -HYG Divergence
2:51 p.m. ET On the surface of things the averages are doing fine at the moment and continue to trade...
Early Update -Rising Yields and Weak Manufacturing Data
11:33 a.m. ET Stocks started the week off on a positive note, trading higher with Europe despite sharply higher yields,...
A.M. Update
Futures remain in Santa rally mode (includes the first 2 days of the new year as the market benefits from...
Afternoon Update
From the Afternoon Update of Friday December 17th, “We’ll head into next week with market breadth oscillators near oversold levels...
Market Update
1:37 p.m. ET Market tone is weakening a bit. After 11 S&P 500 sectors were trading higher, five have slipped...
Early Update
10:40 a.m. ET The averages are trading higher on no specific catalyst other than the seasonal Santa Claus rally period...
A.M. Update
S&P futures are a tenth of a percent higher (0.1%) on the final trading day of the week and year....
Daily Wrap
I’m going to keep tonight’s post abbreviated due to market conditions, which were, well…sleepy at best. The bond market was...
Afternoon Update
Today has been one of the dullest days for stocks in recent memory, so I haven’t wanted to bother you...
Market Update -Dull EquityMarket
11:27 a.m. ET The averages are mixed and little changed in a sleepy session, much along the lines of lateral...
A.M. Update
S&P futures are flat in a tame pre-market session. S&P futures are unchanged The 2-year yield is down one basis...
Daily Wrap
Although the average closed strong Monday, the negative 3C divergence in HYG was a yellow flag and that foreshadowed today’s...
Afternoon Update
Yesterday HY credit and some building relative strength in volatility, taken with weaker afternoon/overnight index futures’ 3C charts suggested the...
Early Update – Small Caps Tag Target Credit Gets Uglier
11:23 a.m. ET As suspected yesterday afternoon, “at present I can envision a scenario in which the leaders today start...