That Didn’t Last Long – Important Update
12:18 p.m. ET The average monthly jobs increase in the past year was revised lower from 218K to 150K. Had...
Payrolls Preliminary Benchmark Revised Lower
12:48 a.m. ET The averages had been up modestly ahead of the Payrolls revision, but stuck in yesterday’s price ranges...
A.M. Update
S&P futures are +0.15% higher. Earnings results from Target (TGT) and TJX (TJX) saw upbeat responses, contributing to the upside...
Daily Wrap
The 8-day win-streak was broken after a 1-day overbought internals signal yesterday. The averages were modestly lower with Small Caps...
Quick 3C Update
1-Day Overbought conditions on their own, don’t imply anything more than the type of slower, lower market conviction action we’re...
One Day Overbought Conditions Kick In
12:23 p.m. ET It seems yesterday’s 1-day overbought internals are causing today’s market to act exactly as is typical after...
A.M. Update
S&P futures remain flat after yesterday’s 1-ay overbought internals. Home improvement retailer Lowe’s cut its sales and earnings forecast, blaming...
Daily Wrap – An Ugly September on Deck?
It has been quite a month in the markets. From stairs up, to elevator down, to wrist-rocket back up. There...
Afternoon Update – Semis Rebound Bolsters Index Performance
3:37 p.m. ET Market conditions, internals and more importantly, the Tech sector, are all improving as the day goes on....
Market Update – Broad-Based Half-Percent Gains.
12:52 p.m. ET Friday at 4 p.m. kicked off the summer holiday season running through Labor Day (Sept. 2nd). This...
A.M. Update – Dollar Yen Shaky
S&P futures are up shy of +0.1%. Russell 2000 futures are flat. Earnings reporting picks up steam in the retail,...
The Market Got What It Wanted, But The Saying, “Be Careful What You Wish For”, Comes To Mind
Or at least, “Pay attention to the rest”. After a strong rebound in stocks this week that eliminates any vestige...
Afternoon Update
I’ll have a post out after the close, not the typical Daily Wrap, but addressing some issues into next week...
Very Dull, Place-Holder Session; Gold Record High
2:40 p.m. ET Today’s session is slightly positive, but lackluster to say the least. I realized that in the A.M....
A.M. Update
S&P futures are down -0.4% and Treasury yields are lower. I suppose those 3C divergences last night were meaningful. Maybe...
Daily Wrap
The stock market registered solid gains in a broad-based advance after the week’s two most important economic data points came...
Afternoon Update – NASDAQ $19,500 Test
Large-cap Tech is driving market gains, so the Nasdaq-100 is the key index right now (Small Caps were a month...
Market Update – The Market Has The Data It Wanted. Let’s See What It Does with It.
12:36 p.m. ET The U.S, market really couldn’t ask for better data this week, supporting the soft-landing scenario: Inflation coming...
A.M. Update – Retail Sales Beat Big
I’m just headed out the door for a doctor’s appointment. I’ll be bac soon, but I wanted to get the...
Daily Wrap – CPI Disappoints
Today was kind of a strange day. I suppose you could sum it up as , after PPI’s disinflationary surprise,...