Daily Wrap – Jobs Detiorating, SPX Measured Move Met
In last Friday’s Afternoon Update I wrote, “I expect next week will be fairly smooth sailing [for stocks] with earnings...
SPX $5209 Tagged
3:04 p.m. ET Treasury yields have dipped down to session lows (good for stocks… right now) after a stellar 30-year...
Early Update – SPX Just Above $5200, NASDAQ-100 More Evidence Of Selling
11:46 a.m. ET The open wasn’t great for Tech-heavy NASDAQ-100 futures, NQ (1m) jumping on initial claims, dumping into the...
A.M. Update – Initial Jobless Claims Jump
S&P futures are unchanged. This is from down -0.2% at 8 a.m. as yields were higher before Initial Jobless Claims....
Daily Wrap
I’m just going to say it plainly. Today was a really dull cash session. The major indices traded in relatively...
Afternoon Update
3:18 p.m. ET Most of the major averages are flat on the day. The DJIA holds a modest gain, while...
Early Update
12:17 p.m. ET It seems to me that we’re seeing pretty much exactly what I expected as measured moves were...
A.M. Update
S&P futures are down -0.4%. NASDAQ futures are down -0.6% and Russell 200 futures down -1%. The negative bias follows...
Daily Wrap – SPX $5200 (and 23 cents)
Another light day on the macro economic data front and a benign environment in rates should have provided a nice...
Averages Pull Back As SPX Tags $5200 ($5200.23)
2:52 p.m. ET The S&P-500 tagged $5200 ($5200.23) and immediately pulled back from session highs. The NASDAQ-100 pulled back at...
Early Update
12:47 p.m. ET After strong closes for SPX and NDX yesterday, all averages are higher, but most with more moderate...
A.M. Update
S&P futures are up +0.1%. futures are mixed this morning after earnings news. Dow component Walt Disney (DIS) is a...
Daily Wrap – Closing in on Measured Moves and Gap Fills
The stock market followed through on Friday’s gains with the market pushing through local price resistance and technical resistance levels...
Afternoon Update – Chipping Away At The Measured Move
I’m going to get this post out a little earlier than normal just so we can keep an eye on...
Early Update – Bounce Is Going Smooth, But Some Weaker 3C Charts Developing
12:30 p.m. ET Our bounce is going along smoothly and heading toward measured moves (SPX $5200). there is some slight...
A.M. Update
S&P futures are up +0.4%, following-through on last week’s gains and adding to the 2 week oversold rebound. S&P futures...
Afternoon Update
There’s not much to add to today’s updates. We have price and technical resistance here as the market’s oversold bounce...
Intraday Update – Resistance
2:21 p.m. ET The averages are still acting well. 10 of 11 S&P sectors are higher. Advancers are better than...
Early Update – Higher Highs For All of the Averages, but Price & Technical Resistance Nearby
12:23 p.m. ET As commented on yesterday with regard to the Payrolls report, “if there were a time for a...
A.M. Update -Weak Payrolls Report
S&P futures are up +1.1%. Big pre-open gains in Apple (AAPL), which beat earnings estimates and authorized a $110 billion...