A.M. Update – CPI As Expected
The market took the CPI report in stride as it came in at consensus. CPI comes is as expected, at...
Daily Wrap
After 5 consecutive days down the S&P 500 gained 0.9% in a continuation of dip-buying efforts that started yesterday afternoon....
Afternoon Update
The oversold low was in yesterday. The correction is underway today with little help from Powell. Whether that’s a bounce/rally...
Intraday Update – Powell Doing Some Damage Control
12:35 p.m. ET After the averages plunged for 5 consecutive days, it seem Powell is doing some damage control. While...
Early Update – Consolidation Phase
10:39 a.m. ET S&P futures gave back overnight gains of about a half percent heading into the cash open. They’ve...
A.M. Update
S&P futures put in some overnight gains, but have since faded them. Long-term interest rates are behaving themselves this morning,...
Daily Wrap
Happy Monday! The new year has gotten off to the anticipated volatile start, albeit probably a bit earlier than I...
Afternoon Update
There’s not much change since the last update. The S&P-500 has a bullish hammer candlestick just above its 100-day sma,...
Market Update – Looking More Like a Low
2:27 p.m. ET It’s looking more and more like the market is finding an oversold low. SP-500 -0.7%, Dow -0.75%,...
Market Update – Consolidation
1:24 p.m. ET SP-500 -1.25%, Dow -1.1% (Dow Transports -2.25%), NASDAQ-100 -1.5%, Small Caps -1.75% Since the averages found session...
Intraday Update – Dip Buyers
11:24 a.m. ET The averages are finding some buyers to step in. DIA (1m) and SPY lok the best intraday,...
Early Update
10:38 a.m. ET The major indices begin the cash session extending this morning and last week’s losses while Treasury yields...
A.M. Update
Futuresare extending last week’s losses (I’ll be watching for breadth to move back into oversold which it exited Friday) with...
Afternoon Update
The Santa rally not only ended, but was completely retraced. After setting a new record close Monday, the S&P is...
Intraday Update – Holding
1 p.m. ET The Dow, S&P and NASDAQ have all tested below various technical levels identified (moving averages, trend lines)...
Early Update – Growth Stocks Weighing, NASDAQ Testing
11:10 a.m. ET The morning is fairly volatile and fast moving in terms of market swings after the Payrolls report,...
A.M. Update – Employment Misses, Wages Rise, Yields Jump
The S&P index enters the last day of the week down -1.5%. S&P futures were trading up +0.3% until the...
Daily Wrap
The scenario outlined yesterday in the Afternoon Update and Daily Wrap unfolded nicely today. NASDAQ-100 was down as much as...
Afternoon Update
I’m going to keep this brief. If you haven’t already, please see my last post, The Path Forward, which fleshes...
Market Update – The Path Forward
2:41 p.m. ET SP-500 +0.15%, Dow -0.3%, NASDAQ-100 +0.3%, Small Caps +1.1% It looks like the day is unfolding as...