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...
NASDAQ-100 Testing 50-Day
2:02 p.m. ET SP-500 -1.5%, Dow -0.75% (Dow Transports -0.3%), NASDAQ-100 -2.6%, Small Caps -2.4% NASDAQ-100 is testing its 50-day...
Early Update
10:50 a.m. ET Stocks slid into the cash open, initially higher with 10 sectors green, things have turned down, executing...
A.M. Update
Index futures hold a small gain following Payrolls. November nonfarm payrolls increased by 210,000, less than half of consensus( 525,000)...
Daily Wrap
After worst 2-day drop since October 2020, stocks had their best day best day since October 2021. Sentiment was helped...
Market Update
1:50 p.m. ET After the worst 2-day sell-off in more than a year, the S&P 500 is in a rebound...
Early Update – Instituional Selling? Second Omicron Case in U.S.
11:05 a.m. ET A second case of Omicron was identified in Minnesota shortly after the open that sent stocks, bond...
A.M. Update
Last night S&P futures were up a half percent, but it was in the context of a bearish consolidation. This...
Daily Wrap
Last night I showed many of last week’s yellow flags, turning orange or red. This morning equity futures were unexpectedly...
Afternoon Update – Weak Price Action, Technical Levels Being Tested
I’m going to get this post out a little earlier than usual as the close is really what’s important. Small...
Market Update – Stocks Oversold Bounce, But Treasuries Pricing More Aggressive Fed
12:00 p.m. ET Powell and Yellen are back on Capitol Hill for a second day of CARES Act testimony, but...
A.M. Update
Equity futures have put in quite the rebound overnight on this first day of the new month. Long-term interest rates...