Intraday Update
3:14 p.m. ET I’m working on the Afternoon Update, but figured I’d check in quickly on intraday trade. The S&P...
Early Update – Very Interesting Start
11:28 a.m. ET This morning has been challenging in putting pieces together. The averages are adding to yesterday’s afternoon gains....
Daily Wrap
I’m not even sure where to start with today’s market action, but let’s just say that the pre-market was very...
Afternoon Update – NASDAQ & Mega-Caps Lead Rebound
3:34 p.m. ET Early on in this morning’s Early Update, when things were quite ugly across the board, I suggested...
100 BP Fed Rate Hike Being Walked Back
1:09 p.m. ET In my last post, the Early Update, I mentioned, “Treasury futures are coming off their worst levels...
Early Update – Ugly Start
11:07 a.m. ET It’s been a rough start for the market with virtually no good news and plenty of bad....
A.M. Update
S&P futures rade -1.25% lower, but off the worst levels of the morning. NASDAQ-100 futures are down the least at...
Daily Wrap
The event of the day, and probably the week, was today’s inflation data in June’s CPI. We have seen energy...
Afternoon Update – Recouping Support
3:31 p.m. ET There have been a few headlines that have moved stocks in the cash session since the CPI...
Early Update – Shifting Focus?
12:18 p.m. ET On a year-over-year basis CPI came in at 9.1% (vs 8.8% expected and 8.6% prior) to the...
A.M. Update
Yesterday I pondered several times whether some of the recent sharp declines in Energy and commodity prices from mid-June would...
Daily Wrap
After yesterday’s weak close and some bearish price action in a few of the major averages intraday yesterday, I expected...
Afternoon Update
This will be fairly quick. In the last update I mentioned we may see some nervous sellers before the close...
Market Update – Treading Water Ahead of CPI
2:36 p.m. ET It’s still a pretty quiet day for the averages, which is a small victory given the bearishly...
Market Update – Consolidation and Recessionary Signals
11:44 a.m. ET The averages opened on a modestly higher note, gave up opening gains to trade mixed, but little...
A.M. Update
S&P futures are down -0.2%, but off overnight lows of more than -0.6%. Thus far this looks like the typical...
Daily Wrap
As of Friday’s Afternoon Update, it looked pretty likely that the averages would spend some time early this week consolidating/correcting...
Afternoon Update
Just a quick note since I already gave you the consolidation patterns, levels and measured moves in the last post....
Intraday Update
2:31 p.m. ET The Dow briefly traded back to unchanged on the day, while the NASDAQ-100 and Small Caps continue...
Early Update – Growth Concerns Dominate, But The Market Was Ready For a Correction
11:20 a.m. ET I wrapped up last week with Friday’s Afternoon Update, summed up in the last paragraph, “I’d look...