Here is the Meredith Whitney interview on CNBC earlier today.

4:05pm
ES 60m: Has retraced 33% of its bounce off the $825 low.

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Check out the Intraday Commentary Guide for answers to frequently asked questions and general tips and guidelines on how to use this daily forum.
Strong market today, closing near session highs. SPX finished higher by more than 4% to 1005.69. Again, the volume was light, but price action trumps volume.

217 Comments

4:00pm
ES 10m: Market got whippy in the last half hour, but managed to hold the 50MA.

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Stay tuned for today’s analysis. Interesting market action and lot’s of possibilities to discuss. My crash call is still on the table, but the market has not cooperated to this point. Today’s close above “The Mother of all Trendlines” should be respected, even though it was an inside day (within yesterday’s range) and on relatively [...]

219 Comments

Working on tonight’s video. Hope to have it posted by 10pm.

3:40pm
VIX trading below 68. I’m expecting profit taking into the close so the VIX can close near 70. If the VIX closes under 70, it would violate the pattern of 17 point increments in the VIX dating back to July.
3:25pm
When the market tell you, “You [...]

168 Comments

By the way, the Testimonials page has been updated. Thanks for all the support!

4:04pm
Well, we nailed that one! Nice work, everyone. The power of technical analysis never fails to amaze me.

3:51pm
If the 862 level (200MA and H&S neckline) breaks, we could see a sharp selloff until the market is saved by the bell.

107 Comments

Check out the new Intraday Commentary Guide for answers to frequently asked questions and general tips and guidelines on how to use this daily forum.
4:15pm
ES 10m: Selling at the close

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4:27pm
SPY 30m: Could be a bearish ‘kiss of death’ pattern where the market rallies up to prior support (now resistance) and then sells off hard. I think we may get that final wave of selling starting tomorrow and possibly completing early next week. Markets typically do not bottom on Fridays. Starting tomorrow, I am shifting [...]

178 Comments

4:15pm
CNBC: Steve Leisman hearing from floor traders that a large fund of funds had to liquidate about 20% of their portfolio this afternoon. Reportedly, another Black Box, or Quant, fund was also liquidating.
4:12pm
ES 10m: Look at the massive volume at the close. In my opinion, this is smart money getting in. We may not be [...]

193 Comments

Earnings after the close: AAPL, BRCM, BSX, CNI, NSC, YHOO, and VMW.
4:00pm
SPX 60m: Here is my wave count.

138 Comments