Afternoon Note
Pretty nice session developing with multiple stories and trends. Technology is leading the way, as Apple (AAPL) is on fire with its array of iPhone products being rolled out to capture buyers from the longer replacement period.
Technology is also being powered by semiconductor names, after Micron (MU) caught a buy recommendation at Longbow.
S&P 500 Index |
+0.45% |
|
Communication Services (XLC) |
+0.57% |
|
Consumer Discretionary (XLY) |
+0.31% |
|
Consumer Staples (XLP) |
+0.16% |
|
Energy (XLE) |
-0.31% |
|
Financials (XLF) |
+0.14% |
|
Health Care (XLV) |
+0.76% |
|
Industrials (XLI) |
+0.28% |
|
Materials (XLB) |
+0.54% |
|
Real Estate (XLRE) |
-0.12% |
|
Technology (XLK) |
+0.83% |
|
Utilities (XLU) |
+0.74% |
And while there is still great action in laggards, those low valuation names with solid yields, all of a sudden, this session has seen a trading rush into stocks with huge short positions, sending those shares higher.
There is a ton of money on the sidelines, and at some point, buying will trigger additional buying as it will be more difficult even for naysayers to ignore the gains.
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7/11/2025 1:45 PM | Facing Pressure |
7/11/2025 9:48 AM | CLEAR FOR TAKEOFF |
7/10/2025 1:53 PM | Small Caps Rally |
7/10/2025 9:56 AM | ENOUGH ZEN TO SHARE |
7/9/2025 1:32 PM | NVDA New Milestone |
7/9/2025 9:46 AM | PASSING THE BATON |
7/8/2025 1:33 PM | Seesaw Session |
7/8/2025 9:55 AM | MORE SUMMER BLAHS THAN FEAR OF MYANMAR'S TARIFF |
7/7/2025 1:27 PM | Trade Talks and Profit Taking |
7/7/2025 9:51 AM | LOVING MOOD |
7/3/2025 9:45 AM | NICE & STEADY AS SEMIS CONTINUE TO CHIP IN |
7/2/2025 1:44 PM | Materials' Strength Continues |
7/2/2025 9:38 AM | BARNBURNER |
7/1/2025 1:29 PM | Rotation |
7/1/2025 9:45 AM | FEAR OF MISSING OUT IS CREEPING IN |
6/30/2025 1:24 PM | Steady As She Goes |
6/30/2025 9:54 AM | SUMMER RALLY STARTS |
6/27/2025 1:35 PM | Reaching New Heights |
6/27/2025 9:39 AM | THERE'S MORE! |
6/26/2025 1:10 PM | S&P Approaches Record |
6/26/2025 9:51 AM | CHIPS MOMENTUM CONTINUES |
6/25/2025 1:42 PM | Tech Stocks Power Nasdaq 100 |
6/25/2025 9:47 AM | CLIMBING MOUNTAINS OF WORRY |
6/24/2025 1:47 PM | Peace Rally |
6/24/2025 9:48 AM | PEACE THROUGH STRENGTH: THE MARKET LOVES IT |
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