SPX > $5,000
1:41 p.m. ET The S&P made a run at $5,000 earlier and didn’t make it, but now it’s trading just...
Early Update – SPX $5,000 Is Important
12:05 p.m. ET It doesn’t seem like there’s a lot going on at the index level with the open showing...
A.M. Update
S&P futures are up +0.6% after 6 days down and after the index posted its worst weekly performance in more...
Afternoon Update
I’ve been picking up yellow, orange and eventually red flags most of the year. I’ve stuck to my guns on...
Market Update
3:02 p.m. ET Still watching the market and still no clear signs that the selling in Tech, semis and mega-caps...
Early Update – Mega Caps & Semis Sold; How The Mighty Are Falling
11:47 a.m. ET It appears the geopolitical concerns overhanging the market in recent weeks are set to fade off the...
A.M. Update
S&P futures are unchanged, having recovered from Israel’s limited military strike against Iran. Oil prices initially spiked, sending WTI crude...
Daily Wrap – 2024 YTD Winners Continue To Be Sold
Like recent sessions this week, early buyer enthusiasm faded. The S&P 500 and NASDAQ Composite each traded up as high...
Afternoon Update
The last few hours of trade have been painfully dull as the S&P trades less than 0.05% from 5,000. That’s...
Headed Back toward Lows
1:25 p.m. ET SP-500 -0.3%, Dow -0.15% (Transports 0%), NASDAQ-100 -0.6%, Small Caps 0% Like recent sessions, early buyer enthusiasm...
Early Update – Levels To Watch
11:52 a.m. ET Semiconductors legged down to a new lower low this morning. Remember that the measured move I gave...
A.M. Update – Second Verse is the Same As the First
S&P futures are up +0.15%. Earnings are moving individual names. Discover Financial Services (DFS), CSX (CSX), and others are trading...
Daily Wrap – CTA’s Strike
Once again early buying faded quickly with no specific news catalyst to account for the change. The S&P slid below...
Afternoon Update
The Fed’s Beige Book came out at 2 p.m. and after reading some highlights, it’s very hard to reconcile what...
Intraday Update – Bumpy Ride
1:57 p.m. ET The Dow and to some extent, Small Caps, seem to be finding some intraday support, but it’s...
There Goes SPX $5040
12:58 p.m. ET The S&P broke the $5040 level with Semiconductors (SOX -3.1%) and Mega-Caps (MGK -1.2%) leading the market...
Early Update – $5040 Holding, But Not A Great Start
11:18 a.m. ET Not a great start – as soon as the cash market opened selling began. Semis are one...
A.M. Update
S&P futures are up +0.35% and still tracking in a similar range as yesterday. ES (1m) The price action still...
Daily Wrap
I wouldn’t consider today to be volatile, but rather consolidative. Choppiness, however, increased in afternoon trade as markets reacted to...
Afternoon Update
I’m not super-sold on the idea of the market having fond a short-term bottom, but the environment is right. S&P...