Afternoon Update
Last night I admitted my frustration with what high probability price action signals said should be happening, and technical levels...
Market Update
2:52 p.m. ET The day’s trade remains mixed. Although recent signs of inflation in food and energy haven’t passed through...
One Measured Move Down – Semiconductors
12:07 p.m. ET Sorry everyone, but after a frustrating week of looking for second leg down measured moves out of READ MORE
One Down – Semiconductors
12:07 p.m. ET Sorry everyone, but after a frustrating week of looking for second leg down measured moves out of...
Early Update – Finally!
10:29 a.m. ET I’m kind of giggling to myself this morning. In last night’s Daily Wrap I expressed some rare...
A.M. Update
S&P futures are down -0.4% as global markets are awash in red. Stock futures were mixed, yet little changed, following...
Daily Wrap
Index futures were up overnight and gained more in pre-market after the dovish July Consumer Price Index and weekly jobless...
Market Update
2:55 p.m. ET Most major averages made a slightly lower low for the week, except Dow Industrials. These slightly lower...
Intraday update – Well That’s Not A Good Sign
12:41 p.m. ET We had a very strong, broad-buying open following a fairly uneventful CPI report, but before I even...
Early Update – Mega Caps Provide Leadership
10:52 a.m. ET The takeaway from the CPI report is (1) there were no hawkish surprises as total and core...
A.M. Update
S&P futures are up +0.75%, although very choppy around the CPI release, ultimately they’ve gained since. Gains in mega cap...
Daily Wrap
Index futures drifted modestly higher overnight as Italian authorities watered down their bank-tax threats, but index futures started coming down...
Afternoon Update
The averages are coming down pretty quickly off afternoon highs. NASDAQ-100 (2m) It remains to be seen where the NASDAQ-100...
Intraday Update
2:30 p.m. ET Interestingly, the 10-year Treasury auction at 1 p.m. came in pretty darn strong. Yields slid a little,...
NASDAQ-100 Support at 50-Day
1:30 p.m. ET On the way down to the measured move target of $14,925, NASDAQ-100 tested just a little below...
Early Update – Mega-Caps Weak
11:03 a.m. ET Although we have a majority of sectors higher, he mega-caps are weighing at the index level on...
A.M. Update
S&P futures are very little changed, up +0.1%. China officially is now in a state of deflation with -0.4% CPI...
Daily Wrap
Today’s trade had a negative bias following yesterday’s low conviction (consolidation-like) gains. In the overnight section of yesterday’s Daily Wrap...
Market Update
3:05 p.m. ET In the last post, Intraday Update – Intraday Consolidation, I thought it was probable that price consolidated...
Intraday Update – Intraday Consolidation
12:18 p.m. ET Just looking at how intraday rice action has been developing since the morning decline, I think we’re...