Intraday Update – Final Hour of Trade
3:07 p.m. ET SP-500 +1.8%, Dow +2.05% (Transports +2.1%), NASDAQ-100 +1.45%, Small Caps +1.4% As of the last update I...
Session Highs
1:06 p.m. ET All of the major averages have made new session highs since the Early Update and noon. Additionally,...
Early Update
10:56 a.m. ET S&P and Dow lead. NASDAQ sees to be feeling some pressure from higher yields, while small caps...
A.M. Update
Good morning. We got a solid close on Friday after a second leg of a bear flag’s measured move fell...
Afternoon Update
I’m going to get this post out a bit earlier than usual because the close could be very meaningful. I’ve...
Market Update
2:2 p.m. ET HYG was signalling a change in character because shortly after its divergence the averages bounced off session...
Intraday Update – Change in Character
1:32 p.m. ET I’m seeing a change in character in several key mega-cap stocks (Alphabet) and HY credit (HYG). HYG...
Testing
The averages had a clean break from the bearish price consolidations and promptly tested last week’s low. S&P is just...
Here Comes the Test
11:15 a.m. ET Despite a strong start with index futures trading up over 1% this morning they did not break...
Early Update
10:50 a.m. ET The averages have been steadily losing ground since the cash open. There are a number of decent...
A.M. Update
S&P futures are up +0.8%. Risk sentiment has been aided by a strong showing in foreign markets, including Chinese markets...
Daily Wrap
Today’s session was very choppy and uneven, but it was far better than yesterday, and probably better than it looks...
Afternoon Update
Today has been a pretty resilient session given the downwards trend and gloomy macro environment. The S&P has been oscillating...
Intraday Update -Small Caps Looking Stronger
1:57 p.m. ET Intraday volatility, especially among S&P sectors, is still very high and things change fast, but we do...
Early Update – NASDAQ and Small Caps Outperform
11:01 a.m. ET The averages dropped at the open, but tech-heavy NASDAQ-100 and Small Caps are displaying much better early...
A.M. Update Addendum
Sorry, I forgot to include Bitcoin futures in the A.M. Update since they have been a decent proxy for risk...
A.M. Update
Not surprisingly after yesterday’s very ugly day in U.S. markets, overseas markets trade mostly lower. Also not surprising with overseas...
Daily Wrap – Consumer In Focus
Yesterday the market posted 1-day overbought internals, which typically means we’re in for a consolidation the next day, or at...
Afternoon Update
Heading into the close, there are some signs that selling pressure is lessening and there may even be some buyers...
S&P Fills Friday’s Gap
2:55 p.m. ET I’ve gotta say this is an ugly market considering the catalyst (Target’s horrible earnings after Walmart’s yesterday)....