Early Update – Banks Very Ugly, S&P 1% From Measured Move
11:00 a.m. ET Since the A.M. Update, the trade deficit narrowed to $65.5 billion in June (consensus -$65.1 billion) from...
A.M. Update
S&P futures are down -0.7%. It looks like we may be headed to finish the second half of the measured...
Daily Wrap
After the worst week since Mach for the S&P-500 and NASDAQ-100, and 1-day oversold internals, the new week starts with...
Afternoon Update
It’s ba it of a dull day, at least compared to the second half of last week, but it does...
Dow, Health Care & UNH
12:19 p.m. ET While the S&P continues to hug $4500 like a baby Koala bear hugs its mother… SP-500 (2m)...
Early Update – SPX $4500
10:47 a.m. ET The open hasn’t added much to the upside, except Dow futures added a little, while Small Cap...
A.M. Update
S&P futures are up +0.4%. The equity market is attempting to rebound from Friday’s afternoon selloff, which was broad based...
Stock Market Video Update
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Afternoon Update
As things stand as of this writing, it looks like the S&P is going to put in the worst weekly...
Intraday Update -SPX $4500 Support Breaks
3:15 p.m. ET There’s no news or catalyst of any kind that I can find that accounts for the broad-based...
Market Update – SPX Test of $4500 Coming Up?
2:08 p.m. ET *As I’ve been writing this post, the market has moved quickly. I’m going to leave the post...
Early Update -Yields and Dollar Lower is Supportive, SPX $4500.
11:26 a.m. ET A pullback in Treasury yields and the Dollar, in response to the employment report for July, has...
A.M. Update – Payrolls Miss, Wages Hot & Unemployment Rate Down
S&P future are up +0.4%. Payrolls missed expectations, but wages were hotter than expected, and the unemployment rate fell. Nonfarm...
Daily Wrap
The Bank of Japan intervention overnight (buying unlimited JGB’s after the 10y JGB rose to 0.65%), plus services surveys and...
Afternoon Update
I’m going to keep this post short and sweet. S&P $4500 was the call for the day, despite the fact...
Intraday Update – $4500
2:07 p.m. ET The S&P has traded around a third of a percent on both sides of $4500 (below and...
Early Update -S&P $4500 Holding As Suspected
11:24 a.m. ET Since the open we got more economic data and its mixed: The S&P Global US Services PMI...
A.M. Update
S&P futures are down -0.4% and NASDAQ-100 down -0.65% as global stocks sell-off amid a further rout in U.S. Treasuries...
Daily Wrap
After a mundane 3-day of trade since last Thursday’s Key Reversal Day, today was ugly with a broad-based, but fairly...
Afternoon Update
Since the last post, the S&P slipped below the small intraday bear flag and headed toward $4500. It doesn’t look...