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

5/22/2020 1:41 PMHo-Hum Session
5/22/2020 9:30 AMRUNNING MAN SESSION
5/21/2020 1:34 PMMarket Surprise
5/21/2020 9:48 AMHEADING BACK TO “GO”
5/20/2020 1:24 PMStrong Rebound
5/20/2020 9:20 AMWATCH THAT LAST STEP… IT’S A DOOZY
5/19/2020 1:05 PMConsolidating Gains
5/19/2020 9:40 AMSHAVE & HAIRCUT…TWO BITS
5/18/2020 1:15 PMJailbreak Session
5/18/2020 11:40 AMWorld Reopening
5/15/2020 1:27 PMNarrow Range
5/15/2020 9:35 AMREVERSAL BUY SIGNAL?
5/14/2020 1:40 PMHunting
5/14/2020 9:34 AMFED PRIMES PUMP…AGAIN
5/13/2020 1:16 PMFalse Negative
5/13/2020 9:30 AMEscaping LA Circa 2020
5/12/2020 1:56 PMThesis Continues
5/12/2020 9:26 AMStacking Chips But New Narrative Gains Momentum
5/11/2020 1:14 PMBig Tech Leading
5/11/2020 9:12 AMWait Until Irrational Exuberance Really Kicks In!
5/8/2020 2:11 PMFlirting
5/8/2020 9:10 AMEmployment Misery to Speed up Reopening?
5/7/2020 2:11 PMTexas Tea
5/7/2020 9:45 AMDon’t Look Now
5/6/2020 1:49 PMNew Issue
 Complete commentary archives
Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Privacy Policy | Terms of Use |
All Rights Reserved.