Following yesterdays rally in reaction to the FOMC statement, the equity markets are consolidating. Traders are focusing on comments by central bankers today. The NYSE and the NASDAQ volume ratios are indicating traders are taking profits.
Custom QuoteBoard using 15-minute bars for the equity derivative products are mixed. The RSI readings for the e-mini S&P 500 […]
The S&P 500 started out trading up in reaction to the better than expected CPI release. However, the NYSE and the NASDAQ volume ratios are starting to roll over. That indicates sellers are trying to take charge.
The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity derivative products are […]
The S&P 500 is climbing today despite a higher than expected reading for the producer price index. Treasuries are off on the heightened concerns regarding inflation. The exchange generated volume ratios look positive at the start. However, technology is lagging.
The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity derivative […]
The S&P 500 is trading sideways, and there was some initial buying in technology. However, the exchange generated volume ratios I track are not yet indicating any buying pressure this morning.
The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity derivative products are indicating flat momentum readings for the e-mini […]
Equity traders hit bids at the open due to weaker than expected retail sales. Treasuries are rallying.
The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity derivative products are indicating slightly flat momentum readings for the e-mini S&P 500 (EPH7, the e-mini NASDAQ 100 (ENQH7), the DJ Euro STOXX 50 […]
Equity traders are showing little conviction this morning. Key equity indices are trading within Friday’s range. Treasuries are rebounding.
The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity derivative products are indicating slightly negative momentum readings for the e-mini S&P 500 (EPH7, the e-mini NASDAQ 100 (ENQH7), the DJ […]
Buyers stepped into equities and out of Treasuries in reaction to the better than expected payroll data. However, traders quickly took on the view that the payroll data reduces the chance of the Fed lowering rates any time soon, and that was a good reason to take profits.
The late-morning RSI readings from […]
Asian markets continued to rally overnight and that has brought in a bid for U.S. equities. Treasuries have backed off, but are the linkage to equities has weakened.
Friday is employment day, and will set the stage for equities and fixed income markets.
The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute […]
Buyers were unable to get the equity market though yesterday’s high, so sellers came in. Tech is weaker relative to the broad market, which indicates more downside action today to come.
The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity derivative products are indicating neutral readings for the e-mini […]
Today, the up-volume compared to the sum of up- and down-volume posted by the NYSE (up/up + down) never dropped below 80-percent up volume and closed out at 94-percent up volume. Think of this as a volume weighted advance decline line. There was a lot of buying today.