Daily Wrap
The major indices saw some choppy action action today, but finished with modest gains in a consolidative manner. That was...
Afternoon Update
There’s no change since the last update. The averages are in small bullishly biased consolidations ahead of some more notable...
Intraday Update -Consolidative, Defensive Tone
2:48 p.m. ET The averages are fading upside momentum and recently traded at or near session lows. That’s not to...
Early Update – More Short Covering in Banks
11:53 a.m. ET This morning has been a bit fluid with an early defensive bias, which is still there to...
A.M. Update – More Cool Inflation Data
S&P futures are little changed at +0.05%, NASDAQ-100 futures are up +0.2% and Russell 2000 futures are down -0.15%. Bonds...
Daily Wrap
The stock market started the session more mixed at the index level, but closed with pretty broad-based gains. Initially, weak...
Afternoon Update
Small Caps have been lit all day, from the open, benefiting from short covering in the Energy sector and smaller...
Microsoft Reshapes Intraday Tone
1:27 p.m. ET There’s some news that’s changed the complection of intraday dynamics, lifted the S&P and pulled NASDAQ-100 out...
Early Update -Banks, Energy and Small Caps Outperform on Another Massive Short Squeeze, While Mega-Caps Lag
11:23 a.m. ET Since the A.M. Update, we got Industrial Production data and it was worse than expected. Industrial production...
A.M. Update
S&P futures are down -0.15% and NASDAQ-100 futures are down -0.2%. Several financial companies, including Bank of America and Morgan...
Daily Wrap
Before I get to today, I want to put something on your radar that “ma” or may not come to...
Afternoon Update
From a pretty dull start, the market has been grinding its way higher, riding the leadership of financials/regional banks in...
Financials and Semis Outperform
1:53 p.m. ET The NASDAQ-100 and Small Caps have a relative performance edge over the S&P and Dow, due to...
Early Update – Slow Start
11:28 a.m. ET I spent a little more time than usual looking around this morning, and I’ve come to the...
A.M. Update
S&P futures are down -0.1%. The equity futures market is mixed, as price action cools off a bit following last...
Weekend Video Update
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Afternoon Update
Despite quite a lot of positive news today, the major averages have faded. SP-500 -0.2%, Dow +0.3% (Transports -0.7%), NASDAQ-100...
Thin Market & NASDAQ-100 Rebalance
1:03 p.m. ET All of the major averages’ are losing momentum today as seen on their daily charts. SP-500 (current...
Early Update
11:10 a.m. ET Yesterday we had 1-day overbought internals and that’s showing up today. Interestingly the bank indices are fading...