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Afternoon Note

Climbing Off The Canvass

By Charles Payne, CEO & Principal Analyst
2/10/2020 1:29 PM

It’s been a quiet session, but the market was able to quickly climb off the canvass early in the session.  It has been an eclectic mx of market leaders from McKesson (MCK) to Lowes (LOW) and chip favorites Advanced Micro (AMD) and NVidia (NVDA).  Amazon (AMZN) keeps its momentum going after lagging its other high-flying brethren in 2019.   The stock is lifting Consumer Discretionary sector.

Some of the stalled market is because of uncertainty over the coronavirus, but rally consolidation is par for the course, especially after the year the market has had in the past 13 months.   Note forcing the issue is fine, but there are so many great looking potential investments everyone should be prepared.

So don’t bury your head in the sand or lost focus stop paying attention.

S&P 500 Index



Communication Services (XLC)



Consumer Discretionary (XLY)



Consumer Staples (XLP)



Energy (XLE)



Financials (XLF)



Health Care (XLV)



Industrials (XLI)



Materials (XLB)



Real Estate (XLRE)



Technology (XLK)



Utilities (XLU)













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