Early Update – Interesting Start- Cyclicals Under Pressure, Mega-aps Provide Some Support
11:24 a.m. ET While pre-market indications suggested weakness in the mega-caps in the cash market due to rising yields, and...
A.M. Update
Good morning. Welcome back from the 3-day Labor Day weekend. I’m not sure if this is going to be a...
Afternoon Update
We came in to this week looking for a rally/rebound off necklines in all 4 major averages. We got those...
Market Update and WBA Update
2:24 p.m. ET There’s not too much effective difference between now and the early update. We are running into a...
Early Update – Interesting Start- Still H&S Tops In Place
11:31 a.m. ET The cash session started with some whipsaw action with stocks plunging at the open, then recovering most...
A.M. Update
S&P futures were up +0.4% at 8 a.m. before the Payrolls report, now S&P futures are up +0.65% on another...
Daily Wrap
The market’s 5-day win-streak was broken today after prices lost momentum yesterday, and right at those trend lines that run...
Market Update
2:47 p.m. ET Yesterday we got multiple signals in price, HY credit and elsewhere that this week’s rally was losing...
Early Update – Mega-Caps Still Leading The Week’s Rally, H&S Still Intact
10:45 a.m. ET Since the cash open the Chicago PMI came out at 48.7, beating consensus expectations of 44.2 and...
A.M. Update
S&P futures are up +0.1%, but they are off morning session highs, having shed some gains following this morning’s economic...
Daily Wrap
The stock market logged its fourth consecutive winning session in another lightly traded day, which is exactly what we should...
Afternoon Update
There’s little change ahead of the close. The averages look set either to consolidate from here, or the rally has...
Market Update
2:11 p.m. ET The major averages are trading higher again today, but upside moves have been more limited after three...
Early Update – H&S Still On Track
10:46 a.m. ET As we’ve seen every day this week, a flattish futures market sees buyers pile in at the...
A.M. Update
Index futures are virtually unchanged this morning after another strong advance on low volume yesterday, exactly what we should be...
Afternoon Update
The market has been moving sideways, but is set to close near session highs which should give us good chances...
Market Update
1:51 p.m. ET The major indices all trade near their best levels of the session now in another low-volume session....
Early Update – Filling Out the Right Side of H&S Patterns
11:08 a.m. ET Although the market averages ended yesterday with bullish flag consolidations, pointing to more near term gains, they...
A.M. Update
S&P futures are reading slightly under unchanged. The U.S. economic data will pick up from here. Today’s economic calendar will...
Daily Wrap
I hope you were able to catch this weekend’s video update, as the start of the new week’s trade fits...