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Afternoon Note

Having Fun Yet?

By Charles Payne, CEO & Principal Analyst
1/2/2020 1:29 PM

I come home in the morning light

My mother says, "When you gonna live your life right?"

Oh mother dear we're not the fortunate ones

And girls, they wanna have fun

Oh girls just want to have fun

Cyndi Lauper

These days, it seems the stock market just wants to go up. This is really the best kind of fun because we are all the fortunate ones that benefit.   The biggest winners in 2019 are leading the way today with Advanced Micro (AMD) and Tesla (TSLA) getting big share price target upgrades and Apple (AAPL) simply a juggernaut.   Yet, despite the big moves in the major indices, market breadth is mostly flat with sellers more motivated than buyers for NYSE stocks.

NYSE

We are digging into the continued failing of the Russell 2000, and watching action in gold, which acts very intriguing.

https://www.tradingview.com/x/1XWkJrOw/

 

 

 


 

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