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Afternoon Note

Range Bound

By Charles Payne, CEO & Principal Analyst
12/11/2017 1:48 PM
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The market is trading mostly sideways, which isn’t unusual in the sessions immediately after the jobs report.  The upside bias, even this slight, is a positive.  Most of the trading is range bound, and some, like tech, aren’t being led by the usual suspects.  (Century Link top performer for technology.)

JOLTS Report

Coming in just under consensus, the jobs opening report from the labor department is still near historically high levels.  Each market category was higher from a year ago including a huge surge in government and leisure job openings.

Highlight:

At midday, the markets are in the green.  Advancers outpace decliners 1573/1325 on the NYSE, but decliners are leading advancers 1524/1351 on the Nasdaq.  Energy, Technology and Telecom Services are strong today, while Consumer Staples, Financials, Industrials, Real Estate and Utilities are weak. 

 


 

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