Afternoon Note
The Huawei news has set the tone for the session, but the broad market is off its lows from the start of the session. Technology has been taking the brunt of selling today, although buyers are finding ideas beyond chips and hardware.
The biggest losers are Communication REITs, which are poised for explosive growth as 5G is implemented in the United States. Selling in SBA Communication (SBA), Crown Castle (CCI) and American Tower (AMT) is making Real Estate the worst performer of the session.
S&P 500 Index |
-0.28% |
|
Communication Services (XLC) |
-1.08% |
|
Consumer Discretionary (XLY) |
-0.41% |
|
Consumer Staples (XLP) |
+0.16% |
|
Energy (XLE) |
+0.22% |
|
Financials (XLF) |
+0.41% |
|
Health Care (XLV) |
+0.25% |
|
Industrials (XLI) |
-0.02% |
|
Materials (XLB) |
-0.62% |
|
Real Estate (XLRE) |
-1.20% |
|
Technology (XLK) |
-1.00% |
|
Utilities (XLU) |
+0.37% |
Bargain hunters have been fishing around in Healthcare with hospital health insurance names leading the way. Although the trend has been selling into the close, this has been an impressive session, even if we finish lower.
Key Technical Support Numbers For the Week
This week, investors need to focus on the downside and potent tests of support points established last Monday.
Tweet |
4/18/2024 1:37 PM | Didn’t Break Down |
4/18/2024 9:40 AM | MARKET OFF SCRIPT |
4/17/2024 1:59 PM | Facing Pressure |
4/17/2024 9:37 AM | POWELL STILL WANTS TO HELP |
4/16/2024 1:35 PM | Muted |
4/16/2024 9:42 AM | FEAR ARRIVES |
4/15/2024 1:17 PM | Making a Statement |
4/15/2024 9:45 AM | Equal Opportunity Drubbing |
4/12/2024 1:37 PM | Pressure Overall |
4/12/2024 9:42 AM | WHO YA GONNA CALL? |
4/11/2024 1:38 PM | No Urgency |
4/11/2024 9:27 AM | Tough Sledding |
4/10/2024 1:22 PM | Hang In There |
4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
4/9/2024 1:56 PM | Fighting the Trend |
4/9/2024 9:46 AM | NEXT TIME, MAKE IT A HOLIDAY |
4/8/2024 9:45 PM | Cautious Feel |
4/8/2024 7:19 AM | IT’S ECLIPSE DAY |
4/5/2024 1:51 PM | Higher and Cheaper |
4/5/2024 9:23 AM | MARKETS REEL ON BIDEN’S ISRAEL ULTIMATUM |
4/4/2024 1:42 PM | Stocks Bounce |
4/4/2024 9:31 AM | ESCAPING GRAVITY = ESCAPING REALITY? |
4/3/2024 1:41 PM | Cuts Not Soon |
4/3/2024 9:33 AM | A LITTLE LESS SWAGGER |
4/2/2024 1:16 PM | Under Pressure |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|