Daily Wrap
There is simply no shortage of incredible developments today, on a day when bond yields dropped further for a second...
Afternoon Update
In the last update I observed that while holding near session lows, the charts looked very tentative given the morning’s...
Intraday Update -Struggling at Intraday Lows
1:28 p.m. ET Consumer Discretionary is testing the intraday low, although a few components like Tesla (TSLA -11%), which is...
Market Update
11:48 a.m. ET With bond yields lower (2y and 10y) by at least 8 bp and Treasury futures’ 3C charts...
Early Update – Mega-Caps Liquidated
11:05 a.m. ET The averages are off to a weak start, giving back yesterday’s gains at the open with NASDAQ’s...
A.M. Update
S&P futures are down about 0.45% after a pretty remarkable intraday reversal yesterday. Besides earnings season in full swing, growth...
Daily Wrap
After a weak close in the U.S. on Friday, Asian/Chinese equities started the week in a virtual bloodbath with the...
Afternoon Update
It looks like the Fed going silent until the May 4th FOMC, and some growth concerns are bringing down yields...
Intraday Update- SPX $4200 Test and Off the Lows
2:14 p.m. ET After being down nearly -1.7% in early follow through downside trade, the S&P is off the lows...
Leveraged ETFs Seeing Some 3C Movement AS S&P Tests $4200
12:15 p.m. ET While the cash charts are still sloppy without a clear consentient theme, I’m seeing some movement on...
Early Update – Yields Are Plunging & Growth Stocks Display Better Relative Performance
11:53 a.m. ET Just like Thursday’s ugly close saw follow-through selling Friday, Friday’s ugly close at session lows is seeing...
A.M. Update -Yields Sharply Lower
The S&P 500 futures trade lower by -0.4% after very ugly closes Thursday and Friday as growth and rate concerns...
Afternoon Update- Treasuries Stabilizing
3:23 p.m. ET The stock market has been stuck on a steady decline with losses of about 2%, largely an...
Early Update – Yields Coming down
11:32 a.m. ET As expected, stocks trade lower in typical follow through-selling when a market closes at its low the...
A.M. Update – S&P Unchanged for the Week
S&P futures have been pretty steady overnight, down about the same -0.25% as last night, and entering the session unchanged...
Daily Wrap
Early this morning it seemed that equities had recovered nicely from the disaster that was Netflix’s earnings yesterday, with a...
Afternoon Update
The day has really turned ugly from a good start. The S&P has nearly given up the week’s gains just...
Hawkish Fed Speak and S&P Testing 50-Day
2:35 p.m. ET The S&P gave up an early +1.2% gain to trade into the red. While there’s price resistance...
Market Loses Steam As Yields Rise Double Digits
12:07 p.m. ET It has been a fluid morning with a strong start in stocks faded as bond yields continue...
A.M. Update
S&P futures are up +0.9%, NASDAQ-100 futures are up +1.2%. The growth stocks seemed to have gotten over the Netflix disappointment yesterday...