Early Update -Sellers Show
11:08 a.m. ET This morning was set for a dullish day, but with the pull back in the Dollar and...
A.M. Update
S&P futures are up +0.25% as bond yields pull back from their highest levels since November ahead of tomorrow’s CPI....
Market Update
2:19 p.m. ET First my apologies. I was sick (vomiting) for 20 hours straight from Saturday morning through Sunday morning...
I’ll be with you at Noon
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Afternoon Update – Not a Pretty Week For Stocks, But Great For Gold, Oil and Yields.
Circling back to the March Jobs report which came in with a solid 4-sigma beat — Full-time jobs actually saw...
Intraday Market Update
2:40 p.m. ET Mega-caps (+1.45%) have had a good day, supporting the broader market despite a jump in yields (+5...
Early Update – Yields and Mega-Caps Higher, But Underlying Weakness
11:12 a.m. ET I was surprised to see so little reaction in index futures this morning (one way or another)...
A.M. Update
S&P futures ae up +0.25%. I have to say I’m surprised that price has barely budged from pre-Payrolls levels this...
Daily Wrap – Geopolitical Events and Crude Oil Gains Spark Intraday Sell-Off
After Tuesday’s gap down open I outlined 2 probabilities and two expectations that are a big part of listening to...
Afternoon Update
What a wild ride the say has been. At first it seemed the bear flags were ruined by this morning’s...
Market Update
3:14 p.m. ET Oil prices are rising this afternoon in response to news that the UAE has announced it is...
Early Update – Most Gaps Filled
11:45 a.m. ET S&P futures were up +0.3% at 8 a.m. and jumped to +0.65% shortly after a miss in...
A.M. Update
S&P futures are up +0.6%. Treasury yields and the dollar are lower, contributing to the positive bias. The People’s Bank...
Daily Wrap
Broadly speaking, today’s trade featured mostly positive price action after a soft start to the day. Buying activity picked up...
Afternoon Update
My highest probability scenario yesterday afternoon was for the averages to consolidate in bearish flags, and to fill yesterday’s gap...
Intraday Update – Gold New Record High After Powell
2:13 p.m. ET There hasn’t been a lot of up or down movement at the index over the last half...
Early Update – Consolidation / Gap Fill Underway
11:33 a.m. ET First, economic data since the open: The ISM Non-Manufacturing PMI decreased to 51.4% in March (consensus 52.6%)...
A.M. Update
S&P futures are down -0.2% in what has been an overnight consolidation of yesterday’s broad losses. WTI Crude Oil (+0.95%...
Daily Wrap – Failed Breakouts
There were no changes in rate cut expectations following this morning’s data, which suggests, as posted in the A.M. Update,...
Intraday Update – Price Consolidation/Gap Fill ?
3:17 p.m. ET It “seems” like we’re increasingly likely to see the averages consolidate today’s losses in bearish consolidation patterns,...