Afternoon Note
When the market opened under pressure, there was an outside chance a benign ISM Non-Manufacturing number would spark a move higher. As it turns out, the number was much higher than expected - dashing hopes.
While there was a bump in most components, the longer-term downtrend remains.
ISM Service ISM
Employment
Unfortunately, prices remain elevated.
And new orders declined as well.
The market needs to find a way to stay near the 200-day moving average - pulling back could be detrimental.
Tweet |
1/30/2023 1:44 PM | Busy Week |
1/30/2023 9:26 AM | BIGGEST TEST |
1/27/2023 1:48 PM | Testing 2023 Rally |
1/27/2023 9:34 AM | ON THE DOORSTEP |
1/26/2023 1:09 PM | Backing and Filling |
1/26/2023 9:35 AM | ARE THE ANIMALS BACK? |
1/25/2023 1:01 PM | Not That Bad |
1/25/2023 9:57 AM | SPUNKY MARKET NEEDS BOOST |
1/24/2023 1:09 PM | Recession, Soft Landing Debate |
1/24/2023 9:52 AM | RALLY ON TIGHTROPE |
1/23/2023 1:55 PM | Nasdaq Leads |
1/23/2023 9:48 AM | LOOKING MUCH BETTER |
1/20/2023 1:39 PM | Netflix Rallies |
1/20/2023 1:39 PM | Netflix Rallies |
1/20/2023 9:44 AM | GLIMMER OF HOPE |
1/19/2023 1:17 PM | Slow Our Roll |
1/19/2023 9:42 AM | TRAPDOOR |
1/18/2023 1:11 PM | Careful What Your Root For |
1/18/2023 9:43 AM | HELD BACK BY GOLDMAN |
1/17/2023 1:58 PM | Focus on Earnings |
1/17/2023 9:50 AM | MONSTER START – CAN IT CONTINUE? |
1/13/2023 1:36 PM | Showing Resilience |
1/13/2023 9:28 AM | FRIDAY THE 13TH - FEAR THE FED |
1/12/2023 1:42 PM | Chopfest |
1/12/2023 10:03 AM | HOPE SPRINGS ETERNAL |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|