Afternoon Note
The market is meandering, but the bias is still to the upside. There is lots of news and movement on big issues, but there is not a lot of resolutions. Moreover, the bears are making a stand, as major indices get less than one percent away from new all-time high points.
Weed stocks are intriguing on the one-year anniversary of legalization in Canada. They came out the gate strong but are fading. These stocks have gone up in smoke, and at some point, they will be buys. For now, I think they are trades.
Overall, the market is doing better than the stalled moves in the indices would suggest, but there is caution is the air.
S&P 500 Index |
+0.25% |
|
Communication Services (XLC) |
+0.39% |
|
Consumer Discretionary (XLY) |
+0.23% |
|
Consumer Staples (XLP) |
+0.61% |
|
Energy (XLE) |
-0.09% |
|
Financials (XLF) |
+0.02% |
|
Health Care (XLV) |
+0.85% |
|
Industrials (XLI) |
+0.69% |
|
Materials (XLB) |
+0.33% |
|
Real Estate (XLRE) |
+0.79% |
|
Technology (XLK) |
-0.48% |
|
Utilities (XLU) |
+0.23% |
Tweet |
10/21/2025 9:41 AM | STEALTH PROFIT-TAKING & ROTATION |
10/20/2025 1:28 PM | Monday Strength |
10/20/2025 9:40 AM | CONSOLIDATING GAINS & ANXIETY |
10/17/2025 1:43 PM | Friday Zig Zag |
10/17/2025 9:51 AM | They Warned Us About Everything Else |
10/16/2025 1:33 PM | Another Intraday Reversal |
10/16/2025 9:30 AM | ENCOURAGING BUT NEED MORE |
10/15/2025 1:23 PM | Intraday Weakness |
10/15/2025 9:53 AM | STRONG “DOWN” DAY |
10/14/2025 1:27 PM | Intraday Recovery |
10/14/2025 9:45 AM | HO, HO, HO |
10/13/2025 1:42 PM | Fears Eased |
10/13/2025 9:49 AM | ROUGH BUT NOT HELLISH |
10/10/2025 1:48 PM | Chinese Trade Negotiations Reignite |
10/10/2025 10:05 AM | BIRTHDAY BREAK |
10/9/2025 1:25 PM | Shutdown Continues |
10/9/2025 9:53 AM | DOOM PORN DOESN’T DISTRACT INVESTORS |
10/8/2025 1:14 PM | FOMC Minutes in Focus |
10/8/2025 9:45 AM | DIFFERENT TYPES OF BOTTOM FISHING |
10/7/2025 1:34 PM | Taking a Breather |
10/7/2025 9:55 AM | LOTS OF CHASING BUT SOME BOTTOM FISHING TOO |
10/6/2025 1:36 PM | AMD deal powers Semiconductors |
10/6/2025 9:42 AM | ROTATION HAS BEGUN |
10/3/2025 1:30 PM | Midday Air Pocket |
10/3/2025 9:33 AM | MUSCLE MEMORY & AI FRENZY |
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