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...
Afternoon Update
All of those things I’ve been taking about — S&P close above $4200, $4300 and now trading over $4400, “The...
Intraday Update- Small Caps Getting Ready
3:06 p.m. ET In my last post I was bemoaning the lack of participation from Small Caps, but it looks...
Market Update
1:41 p.m. ET The market is having a good day, except Small Caps. The S&P is trading above $4400 which...
Early Update
11:14 a.m. ET Early trade has a bullish tone, but it’s quite mixed. Small Caps are out of favor which...
A.M. Update
S&P futures are down -0.3% and NASDAQ-100 futures are down -0.5%. The Nasdaq 100 futures underperform due to lagging mega...
Daily Wrap
The averages traded in fairly narrow ranges ahead of the FOMC, and finished the day in mixed fashion. The FOMC...
Afternoon Update
Real Quick, I’m not sure this is the “sell the news” aspect of the Fed pause, I actually expect that...
Intraday Update – S&P Green, Led by Tech
3:23 p.m. ET As I said in the last update, ” I don’t think the market is buying the hawkish dot-plot,...
Quick Update
Powell is speaking and I’m going to keep watching the market’s reaction, but I don’t think the market is buying...
Hawkish Pause
As expected, the Fed did NOT hike rates, but instead paused. Also as expected per my last update, the Fed wants...
Intraday Update: Pre- FOMC
1:06 p.m. ET 1Just a quick update… It was just Monday the S&P closed above $4300, and now it has...
Early Update – Mixed Ahead of The Fed
10:34 a.m. ET Early trade is mixed ahead of the Fed at 2 p.m. ET. The Dow is being weighed...
A.M. Update
S&P futures are up +0.1% ahead of the Fed decision at 2:00 p.m. ET. That decision will also be accompanied...
Daily Wrap
Today’s market tone was upbeat with broad participation, but was fluid in several ways throughout the day. Mega-caps were helping...
Afternoon Update
As we head into the close, not much has changed since the last update. The averages are still consolidating ahead...
Market Update
2:01 p.m. ET Small Caps continue to lead the way today in a broad-based rally with a pro-cyclical bias, but...
Early Update – Small Caps Rotate Back In
10:57 a.m. ET This morning’s CPI report keeps the Fed on track for no rate hike tomorrow. At last look...