Afternoon Update
Since the last post there hasn’t been much movement into the close. SP-500 (1m) Dow (1m) NASDAQ-100 (1m) IWM (1m)HYG...
Intraday Market Update
3:10 p.m. ET Since the last post noting that the averages are trading around key resistance levels, while VXX’s 3C...
Market Update
1:03 p.m. ET The averages are doing well, all green and the right averages are outperforming, such as Transports that...
Early Update – Strong Start
10:29 a.m. ET The US economy slowed even more than expected, with Q1 GDP contracting -1.5%, up from the -1.4%...
A.M. Update
S&P futures are up +0.6%, just above $4k. Some helpful catalysts include a view that the Fed may not be...
Daily Wrap
Index futures slipped lower overnight due to multiple concerns including: China COVID lockdowns; Russia stepping up military efforts in eastern...
Afternoon Brief
I am going to keep his brief because there are only two notable developments from the last update. The first...
Intraday Update – Positive Action
3:11 p.m. ET SP-500 +1.4%, Dow +1% (Transports +1.7%), NASDAQ-100 +2.15%, Small Caps +2.4% VIX has seen weakness since the...
FOMC Minutes
2:30 p.m. ET The market is knee-jerking as it asses the FOMC Minutes from the May meeting. I have some...
Market Update – Awaiting the Minutes
1:32 p.m. ET The averages have backed down a bit from intraday highs as we near the FOMC minutes release...
Early Update – Rapidly Improving Tone Since the Open
11:23 a.m. ET The market has seen some notable improvement since the cash open. Recall yesterday there was a huge...
A.M. Update
U.S. economic data and earnings got so bad yesterday that Fed rate hike expectations came down. This afternoon at 2...
Daily Wrap
Yesterday was a pretty strong day with marginally 1-day overbought internals conditions. Although by last night’s Daily Wrap, Snap Inc. ...
Afternoon Update
*Writing this post things have changed so fat, like Friday, you’ll see some changes in real time as I wrote...
Dow – Quick Look
2:26 p.m. ET I wanted to give you a quick look at the Dow, which has had the strongest short...
Rate Hike Expectations Slipping
1:45 p.m. ET Strikingly, the 2-year yield, which is more sensitive to changes in the fed funds rate, has been...
Intraday Update – Finding a Low
12:12 p.m. ET A few things have happened since the Early Update and it looks as if the averages have...
Early Update
11:20 a.m. ET The averages are having a worse cash morning than pre-market with the additional news since the A.M....
A.M. Update
S&P futures are down -0.9%, but this is well off the overnight lows and as I suspected last night, it...
Daily Wrap
Everything of real importance for the market in the near term, took place Friday. In fact you can read most...