Afternoon Update
The S&P and Dow are hanging around levels I mentioned earlier as potential op-ex price pins. The two averages haven’t...
Market Update – Short Covering and Mega-Cap Strength
12:48 p.m. ET Around the last update, stocks fell, short term yields rose and the Dollar rose. This was due...
Early Update
10:24 a.m. ET The averages are struggling around the small intraday bear flags from yesterday. Conditions are fair for equities,...
A.M. Update
S&P futures bounced a little overnight, up +0.5% presently on this quadruple-witching options expiration day. Entering today, the Dow, Nasdaq,...
Daily Wrap
The averages had a super-weak day, erasing all of the post FOMC/Powell gains from yesterday and then some. On the...
Afternoon Update – Short Covering
3:51 p.m. ET I’m seeing some short covering in the Most Shorted Index and that “should” be helpful to Small...
Market Update – Stocks Sharply Lower, But Supportive Factors in Place
2:23 p.m. ET The averages are a bit lower since the last update. SP-500 -3.5%, Dow -2.5% (Transports -3.55%), NASDAQ-100...
Copper : Gold Ratio
11:04 a.m. ET As I thumbed through futures for the Early Update I noticed Copper futures down -2.65%, while Gold...
Early Update
10:30 a.m. ET The averages gave up all of yesterday’s afternoon gains and then some to push all of the...
A.M. Update
As warned last night, sometimes it takes the market a bit longer than a day to digest the Fed. Overnight...
Daily Wrap
The market rallied today before and after the FOMC policy statement, which says something, but recall too that breadth oscillators...
Yields Dropping, Mega-Caps Pulling Ahead
3:15 p.m. ET The U.S. Dollar is down -0.5%, the 2-year yield is down almost 22 bp and 10-year yield...
FOMC Hikes By +75 bp
2:34 p.m. ET The Fed raised rates by +75 bp to a target range of 1.5% to 1.75%. This is...
JP Morgan’s View Of Today’s Fed Rate Hike & Potential Outcomes
I’m not sure I agree with all of this, and as I’ve mentioned numerous times in the past, beware the...
Early Update – Mega-Caps Carrying Their Weight
10:27 a.m. ET Not a bad start for the averages at all.As seen hints of yesterday, the mega caps are...
A.M. Update
S&P futures are up +1%. Central bank news is dominating the wires. The ECB is holding an emergency meeting to...
Daily Wrap
The overnight futures market saw some brief strength with the S&P futures up over +1% and NASDAQ-100 futures up over...
Speculative Bet on Mega-Caps and A Less Hawkish Fed Than Priced In?
1:39 p.m. ET The market is having to adjust to rapidly shifting rate-hike expectations. According to the CME’s FedWatch Tool,...
Intraday Update – Yields rising, but Mega-Caps OK
11:47 a.m. ET Stocks were set for and opened with a 1-day oversold (internals) dead cat bounce, but have had...
Early Update – Choppy Lateral Price Action
10:31 a.m. ET The major indices all opened higher but the early trading action is choppy, leaving the indices vacillating...