Early Update
11:15 a.m. ET This morning looks similar to yesterday morning in which retail unloaded a lot of shares before buyers...
A.M. Update
After what ended up being one of the greatest intraday market reversals in history yesterday, US index futures resumed their...
Afternoon Update – Capitulation
There will be no Daily Wrap tonight. My girlfriend puts up with my late-night week work hours without complaint and...
Market Update – Capitulation Looking More Likely
1:47 p.m. ET The S&P entered what the blue-pill financial media calls a correction, down 10% from the highs. Meanwhile...
Early Update – Potential Capitulation Event
10:14 a.m. ET U.S. PMI’s came out after the open. Manufacturing PMI dropped from 57.7 to 55.0 (worse than the...
A.M. Update
It’s going to be a busy week and S&P futures are starting off lower by 1.5% in a continuation of...
Afternoon Update
As I write this before the close, the averages have hit new session lows and the S&P is below its...
Market Update
3:01 p.m. ET It’s been a pretty slow-going, dull day thus far. The S&P continues to trade around its 200-day...
Early Update – S&P Testing 200-day, Yields sharply Lower
10:39 a.m. ET The S&P is testing its 200-day successfully and off session lows of -1.35%, at -0.3% The Dow...
A.M. Update
The futures market remains under pressure after Netflix (NFLX -19.9%) forecasted slower subscriber growth for the first quarter, keeping a lid on...
Daily Wrap
Index futures gained overnight and even managed to rally after a weak initial claims report in pre-market as bond yields...
Afternoon Update
What a change in tone. All of the averages were up, all 11 S&P sectors were up, now all with...
Intraday Update
2:02 p.m. ET From the averages’ perspective, not much has changed with the S&P and Dow still tangling with resistance...
Early Update – Growth Stocks Lead Rebound
10:40 a.m. ET The bounce is underway with yields relatively contained and consolidating. The S&P is facing its first test...
A.M. Update
S&P futures are up +0.55%, NASDAQ-100 futures up twice that. Yields are fairly stable. The 2-year yield is up one...
Daily Wrap
While yields backed down today, stocks struggled to gain traction and ended the day with a weak close. The S&P...
Afternoon Update
Stocks have had trouble rebounding even with lower rates. Yields are down 2-4 bp and from Treasury futures’ 3C charts...
Looking Better – Buying Some S&P For Quick Long Tade
12:438 p.m. ET For those who have expressed an interest in playing a bounce on the long side (my estimate...
Market Update – Yields Could be Opening a Window
11:42 a.m. ET The averages have largely given back overnight and early cash open gains. S&P went from a +0.8%...
A.M. Update
The S&P 500 futures are up 0.4% as yields slow their ascent. Small Caps display some relative strength. In the...