Afternoon Update – Consolidations in the Averages
3:31 p.m. ET Overbought conditions like yesterday’s 1-day overbought internals signal will usually correct through price (pull back) or time...
Early Update – There’s A Lot To Be Aware Of This Morning
11:39 a.m. ET It looks like yesterday’s 1-day overbought internals were right on with what’s happening this morning. Outside of...
A.M. Update
S&P futures are up less than a tenth of a percent and NASDAQ-100 futures are up +0.5%, but well off...
Daily Wrap – Here’s What To Watch For Next (And some new indicators)
Today saw follow-through buying of a broad-based nature. Some decent earnings results out of the Industrial sector and the Consumer...
Intraday Update
3:24 p.m. ET The market looks pretty good today with advancers better than 6-to-1 margin at the NYSE and a...
Early Update – Oversold Bounce Follow Through
11:56 a.m. ET Sellers have backed away and CTa’s appear to be finished deleveraging instigated by their short-term price level...
A.M. Update
S&P futures are up +0.35%. A continued downturn in oil prices (-1 @ $81.03) has helped improve sentiment a bit,...
Daily Wrap – Oversold Rebound Tone
Today was a pretty easy day for the market to rally in that there was no escalation of geopolitical events...
Afternoon Update
The averages had a decent bounce today with broad participation typical of an oversold bonce, but all of the averages...
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...