Intraday Update – Volatility Coming Under Pressure
1:14 p.m. ET We’re now getting to more traditional short term oversold levels with decliners 2-to-1 over advancers and only...
Market Update – Hot PPI In Front of The FOMC
11:27 a.m. ET The averages are struggling after another hotter than expected Producer Price Index report (PPI) just a day...
Daily Wrap
Index futures started the week modestly higher in pre-market, but before the cash open the Omicron variant was once again...
Afternoon Update
Today has been a defensive session sparked b comments by UK PM Johnson as well as the British government upping...
Market Update – Short Term Inflation Expectations Soar
1:43 p.m. ET SP-500 -0.7%, Dow -0.85%, NASDAQ-100 -1.1%, Small Caps -1.9% The first market whammy was UK PM Johnson...
Early Update – Omicron Fears Resurface
11:22 a.m. ET Stocks were set for a modestly higher stat to open the week, but index futures dropped into...
A.M. Update
Index futures edge higher to start the week ahead of the FOMC. Supportive factors include leadership from Apple (AAPL +1.2%), receding...
Afternoon Update
Coming into this week my view was that probabilities favored an oversold rally to fill the post-Thanksgiving gaps down, and...
Market Update
2:30 p.m. ET SP-500 +0.65%, Dow +0.4%, NASDAQ-100 +0.7%, Small Caps -0.4% Touching on this morning’s CPI, inflation came in...
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....