Early Update
12:04 p.m. ET This morning’s market data encouraged the “soft landing” camp and sent yields lower. Just as the 4...
A.M. Update
S&P futures are up +0.35% (from flat at 8:00 a.m. ET) in response to this morning’s data. GDP was up...
Daily Wrap
The market started the day with a gap up after overnight trade lifted index futures. China’s central bank (PBoC) cut...
Afternoon Update
The averages gapped up from overnight trade (PBoC RRR cut, lower yields, etc.), but it was apparent this morning that...
Market Update – Higher Yields Pressuring Stocks
2:56 p.m. ET A very ugly, near catastrophic 5-yr Treasury auction sent yields surging and that’s been weighing on the...
Early Update
11:40 a.m. ET This morning has a pretty much perfect storm of favorables for the market. Netflix and other Tech...
A.M. Update
The market is in an optimistic mood after Netflix posted blowout earnings with subscriber growth; China’s RRR cut; and Treasury...
Daily Wrap
I think this morning’s Early Update post title, “Wait and See Mode”, correctly identified the theme of the day early...
Afternoon Update
There’s not much to add to the last post. That little intraday pick up in 3C helped lift the averages...
Intraday Update
2:01 p.m. ET The S&P and NDASDAQ-100 are virtually unchanged, while Dow Transports and Small Caps lag behind after their...
Early Update – In “Wait & See Mode”
11:13 p.m. ET Economic data is light today with no tier 1 data. What we do have: The Richmond Fed...
A.M. Update
Index futures are mixed. S&P futures are p +0.15%, Dow futures are down -0.1%, but Russell 2000 futures are up...
Daily Wrap
When I looked at S&P futures this morning in pre-market they were up +0.6%, with tech-heavy NASDAQ-100 futures doing quite...
Afternoon Update
Nothing has changed since the last update. With these small bodied daily candles in the SPX. NDX and DJIA, they’re...
Intraday Update – No Longer Short Term Oversold
1:55 p.m. ET Most of the averages are well off session highs except Transports. We may see more short covering...
Early Update -Shorts Getting Pinched, Mega-Caps Losing Momentum; An Unusual VIX Signal Developing
11:58 a.m. ET Friday was a HUGE options expiration and dealers were caught short calls. The S&P jumped to a...
A.M Update
S&P futures are up +0.3%. Ongoing strength in tech stocks has supported the positive bias this morning as earnings season...
Afternoon Update
$3.4 trillion worth of options expired today. $1.0 trillion notional of single stock options expired today. It’s the largest since...
URA Consolidation
3:39 p.m. ET It’s not a perfectly parallelogram, but it’s close enough that I’d call this a bull flag. URA...
Intraday Update
3:32 p.m. ET Dealers got caught short a huge amount of calls into today’s options expiration and all it took...