A.M. Update
S&P futures are staging a little dead-cat bounce, up about +0.6%, although up more than 1% earlier. NASDAQ-100 futures are...
Daily Wrap
Last week ended on a bad note, and the new week started on an even worse note. Futures were already down...
Afternoon Update
While the indices are off their lows, there still hasn’t been much of a rush to buy the weakness with...
Intraday Update
1 p.m. ET The major indices are holding above their session lows and Small Caps above the May low. The...
Early Update – May support Being Tested
10:18 a.m. ET There are some interesting developments at the open that come back around to Friday afternoons’ posts. SP-500...
A.M. Update
As I mentioned in Fridays’ Afternoon Update, a weak close will almost certainly lead to a weak open this morning,...
Afternoon Update
Summarizing as we head into the close, the market in one form or another has shown nervousness all week coming...
Market Update – Impressive Move In Gold
1:05 p.m. ET The 2-year yield has almost priced in another 25 bp hike, up 20bp to 3.02%. At last...
Early Update
11:13 a.m. ET Things went from bad to worse since the A.M. Update with NYSE decliners 10-to-1 over advancers. A...
A.M. Update
Index futures were trading roughly in-line with fair value ahead of the Consumer Price Index (CPI) report, despite predominantly weak...
Daily Wrap – Market Fearful of Tomorrow’s CPI
This morning, as of the Early Update, it felt like one of the dullest early sessions of the last week...
Afternoon Update
3:36 p.m. ET We’ve gone from early dull, low conviction trade, to ugly afternoon trade. Since the last update the...
Market Update
1:29 p.m. ET The day so far has been quite dull for me as far as signals and conviction go,...
Early Update – Dull Start, Mega-Caps Over Small Caps
10:52 a.m. ET There’s little substantial movement of importance since last night’s Daily Wrap post in the current cash session,...
A.M. Update
S&P futures have been a roller coaster overnight and this morning. S&P futures traded +0.5% higher into the early pre-market...
Daily Wrap
The major averages slipped today on rising energy costs and renewed angst about the economic and earnings growth outlook. A...
Afternoon Update
Most of the averages aren’t down anything too horrible or doing damage to the consolidation patterns. SP-500 -0.8%, Dow -0.6%,...
Intraday Update – Market Not Happy With Higher Oil and SEC Change
1:26 p.m. ET SP-500 -0.9%, Dow -0.8% (Transports -3.5%), NASDAQ-100 0.65%, Small Caps -1.35% The averages sunk to session lows...
Early Update
11:08 a.m. ET Most of the averages have narrowed their pre-market losses as the 10-year yield went from +5bp to...
A.M. Update
S&P futures are down -0.5%. Pressures include a continued rise in crude oil futures (+1.25% to $120.87), a Q2 profit...