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...
Daily Wrap
Index futures gained overnight, but gaining in what I described this morning as, “a steady upward slope throughout the overnight...
Afternoon Update -Apple Reporting After The Close
Stocks reached intraday highs as yields declined to intraday lows, but the major averages haven’t made that higher high in...
Market Update Ahead of Apple Earnings & tomorrow’s Payrolls Report
2:42 p.m. ET The S&P 500 is trading 0.9% higher and the NASDAQ-100 sports a 1.25% gain. The Russell 2000...
Early Update – Lots of Charts and Info
12:46 p.m. ET Overnight gains were pared into the cash open. It may have been the fact that despite building...
A.M. Update
S&P futures are up +0.65%, gaining in a steady upward slope throughout the overnight session. Earnings news since yesterday’s close...
Daily Wrap – FOMC
The major indices traded in relatively narrow ranges in the early going as investors looked ahead to this afternoon’s FOMC....
Afternoon Update: Dovish & Hopeful Powell
The FOMC policy statement was a nothing burger, but as suspected in my Pre-FOMC Update, “Just knowing Powell and the...
FOMC Update – VERY Little Reaction
2:25 p.m. ET The Fed held the Fed Funds rate at 5.25% to 5.5% as expected. Probably the most notable...
Pre-FOMC Update
1:41 p.m. ET The FOMC (2 p.m. ET) is less than 20 minutes away. There is not a lot of...
Early Update – More Stagflationary Data Ahead of the FOMC
11:21 a.m. ET This morning we have more stagflationary data. S&P Global’s US Manufacturing PMI (survey) fell from 51.9 in...
A.M. Update
S&P futures are down -0.3%. The latest policy move by the FOMC will be announced at 2:00 ET followed by...