Intraday Update – More Changes in Tone
1:06 p.m. ET Just a quick check-in to update intraday trade and share a few price charts that are displaying...
Early Update
11:06 a.m. ET We got some additional economic data since the A.M. Update. Existing home sales unexpectedly rose in May...
A.M. Update
S&P futures are down -0.25%. Fed Chair Powell will continue his semiannual monetary policy testimony before the Senate Banking Committee...
Daily Wrap
The equity market’s price action today was very much like yesterday, only yesterday’s leader/laggard sectors were flipped today. The market...
Afternoon Update
Heading into the close, most of the major averages have similar, small bearish intraday consolidations. A couple of examples.. SP-500...
Important Tech Update
2:11 p.m. ET Since the last update (Early Update) noting the mega-caps are clear laggards today, but there are some...
Early Update – Mega Caps Weak
11:16 a.m. ET Powell’s testimony is underway. It doesn’t appear there are any major surprises, but higher yields heading into...
A.M. Update
S&P futures and index futures generally are down around -0.3% ahead of Fed chair Powell’s first day of congressional testimony....
Daily Wrap
Markets were a little disappointed that the latest stimulus out of china wasn’t bigger. As a result, FXI (China 25)...
Afternoon Update
About 20 minutes after the last post, in which I wrote, “Let’s see if these bearish flags (intraday) hold up....
Local, But Important Resistance
3:12 p.m. ET SP-500 -0.45%, Dow -0.6% (Transports -0.3%), NASDAQ-100 -0.2%, Small Caps -0.4%. I’m watching the charts and see...
Intraday Update
1:21 p.m. ET The intraday bearish tone mentioned in the last post, has shifted. SP-500 -0.3%, Dow -0.5% (Transports -0.3%),...
Early Update – Unwinding Op-Ex
12:08 p.m. ET A pretty modest start in index futures before the bell, saw more notable weakness as the cash...
A.M. Update
The stock market is poised to start this holiday shortened week on a softer note. S&P futures are down -0.25%,...
Afternoon Update
As of this writing, here’s how the major averages shaped up (before today’s close) on the week… SP-500 +2.75%, Dow...
Market Update
2:40 p.m. ET The day is very slow, dullish as a massive quarterly options expiration has kept prices pinned. The...
Intraday update
12:56 p.m. ET According to Asym 500 founder and former Goldman derivatives strategist Rocky Fishman, today’s OpEx is broken down...
Early Update — Op-Ex Price Pin
11:45 a.m. ET It’s a very quiet and still options expiration which makes me believe that the max-pain price pin...
A.M. Update
S&P futures are up +0.2% on this $4.2 trillion quarterly options expiration day. The NASDAQ 100 futures (+0.4%) are outperforming partially...
Daily Wrap
The major indices opened somewhat soft after ugly overnight data out of China, but quickly shifted into rally mode after...