Daly Wrap
After 5 consecutive days of losses for the benchmark index, the S&P-500 posted a modest gain today to close just...
Afternoon Update
Since my afternoon posts Friday, I’ve expected the averages to enter consolidations starting this week and for those consolidations to...
UNG / Nat Gas Update
2:53 p.m. ET UNG’s (+1.3%) price and 3C charts are looking better since yesterday with some slight improvement noted this...
Early Update – Market Consolidation Expectations Are On Track
11:59 a.m. ET After 5 losing sessions, stocks are catching a bid, but it appears to be well within the...
A.M. Update
S&P futures are up +0.55% with some strength in the mega cap stocks and positive reactions to a batch of mostly...
Daily Wrap
I’m not going to repeat what I wrote Friday and this afternoon about what I expected coming into this week,...
Market Update – Mega-Cap Support and UNG Update
3:26 p.m. ET Other than the facts that this week is heavily skewed toward mega-caps earnings, and the group has...
Early Update – Sharp Reversal In Yields Supports S&P $4200
11:52 a.m. ET It’s been a very dynamic and fast moving morning , requiring me to update this post several...
A.M. Update
S&P futures are down -0.35%, but off the worst levels of -0.7% earlier this morning. Action in the Treasury market...
Afternoon Update
Ugly close at session lows to end and ugly week… On the week – SP-500 2.4%, Dow -1.6%, NASDAQ-100 -2.9%,...
Market Update – Consolidating Bearishly
3:13 p.m. ET As per the Early Update, “I do suspect the averages are going to find some intraday support...
Early Update – Flight To Safety and Deleveraging Ahead of Weekend Uncertainty
11:25 a.m. ET Stocks are being sold ahead of the weekend when participants would not be able to react in...
A.M. Update
S&P futures are down -0.35%, while global markets follow in the U.S. market’s footsteps, in a sea of red. With...
Daily Wrap -Middle East Events Send Stocks Lower, But Long Term Yields Are the Real Risk
Today’s early price action was choppy, between mixed earnings results, volatile moves in yields, and Fed chair Powell’s commentary, but...
Market Update – Post Powell
2:18 p.m. ET As Powell spoke there were some knee jerk reactions in stocks and rates, which should be no...
Early Update
11:22 a.m. ET Additional data since the is morning includes: Existing home sales decreased 2.0% month-over-month in September to a...
A.M. Update
S&P futures are up +0.2%, off lower levels this morning following economic data and a turn lower in yields. The...
Daily Wrap – Markets HATE Uncertainty
Stocks saw a broad retreat today with some of the concerns including: geopolitical fears after the summit between President Biden...
Afternoon Update
On the middle east front, the U.S. vetoed the UN resolution for a Gaza ceasefire. President Biden’s trip did not...
Intraday Update – Solid 20Y TSY auction Provides Stocks Intraday Support
2:20 p.m. ET Last Thursday a dismal 30-year UST auction (3rd in as many days) sent yields soaring and stocks...