Wall Street Strategies
Hello! Sign in or Register


Afternoon Note

Ho-Hum Session

By Charles Payne, CEO & Principal Analyst
5/22/2020 1:41 PM

It’s been a ho-hum session, and I think that is great.  All the major indices are up nicely for the week and all in the midst of breaking out.

While the broad market has been displaying resolve, the NASDAQ Composite has been displaying spunk, and it has done so again reversing off the lows of the session to trade into positive territory.

For the broader market, upgrades on 5G players American Tower (AMT) and Crown Castle (CCI) are lifting the Real Estate sector higher, and a combination of very oversold spec names like Coty (COTY) are among the highest percentage gainers.

S&P 500 Index

  

-0.09%

Communication Services XLC

+0.11%

  

Consumer Discretionary XLY

  

-0.51%

Consumer Staples XLP

+0.17%

  

Energy XLE

  

-1.37%

Financials XLF

  

-0.55%

Health Care XLV

+0.03%

  

Industrials XLI

  

-0.47%

Materials XLB

  

-0.55%

Real Estate XLRE

+1.41%

  

Technology XLK

+0.14%

  

Utilities XLU

+0.31%

  
 
It’s still all about the nation coming back on-line.  There are lots of signs pointing to a continued rebound, including data from the TSA.

Have a safe and wonderful holiday weekend. Be safe and stay well.

 


Comments
We are looking to travel. Alas, no flights. Just sayin

Dawn on 5/22/2020 4:44:10 PM
 

Add Your Comment


Submitted comments are subject to moderation before posting.

PREVIOUS COMMENTARY

8/12/2020 1:51 PMAnd the Last Shall Be First
8/12/2020 9:02 AMWHOA…THAT WAS A SERIOUS AIR POCKET
8/11/2020 2:00 PMMixed Again
8/11/2020 9:30 AMMARKET SEES RECOVERY SOONER
8/10/2020 1:49 PMBigger Rotation
8/10/2020 9:00 AMWaiting on Congress
8/7/2020 1:37 PMLovefest on Hold
8/7/2020 9:14 AMPedestrian Session
8/6/2020 1:08 PMThe Waiting Game
8/6/2020 9:22 AMNeed More Leadership
8/5/2020 1:35 PMSolid Economic Activity
8/5/2020 9:52 AMStandoff Continues
8/4/2020 1:52 PMBeirut Blast
8/4/2020 10:00 AMBACK TO THE FUTURE
8/3/2020 2:11 PMNo Bite Out of Apple
8/3/2020 9:33 AMYOUR MOVE, CONGRESS
7/31/2020 1:52 PMShould Have Been Great
7/31/2020 9:48 AMMEGA MOVERS
7/30/2020 12:26 PMNo Delay
7/30/2020 9:17 AMWHO SPOKE THE MOST IMPORTANT WORDS IN WASHINGTON?
7/29/2020 1:28 PMIs Democracy At Stake?
7/29/2020 9:34 AMTECH TITANS ON THE HILL
7/28/2020 1:53 PMCalm Ahead Of Big Events
7/28/2020 9:41 AMBRINGING THE WOOD
7/27/2020 1:32 PMIntriguing Narratives
 Complete commentary archives
Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Privacy Policy | Terms of Use |
All Rights Reserved.