Afternoon Note
Well this is the second-best scenario at this stage of the rally – the board market up as cash comes out of tech into other sectors.
Energy the biggest winner as West Texas Intermediate is breaking through a big resistance point. The sector is by far the biggest loser for 2020 -36% on a combination of factors including global demand impacted from coronavirus. I’d like to see crude get through $45 over the next month.
An important development is stocks are moving on good news which is a great foundation and necessary before those same stocks can move on anticipation of good news.
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S&P 500 Index |
+0.56% |
|
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Communication Services XLC |
+0.19% |
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Consumer Discretionary XLY |
+0.05% |
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Consumer Staples XLP |
+1.87% |
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Energy XLE |
+5.93% |
|
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Financials XLF |
+1.49% |
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Health Care XLV |
+0.40% |
|
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Industrials XLI |
+1.55% |
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Materials XLB |
+0.96% |
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Real Estate XLRE |
+0.78% |
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Technology XLK |
-0.29% |
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Utilities XLU |
+1.40% |
The final hour of trading could get tricky. Bulls running out of ways to seduce more cash off the sidelines. Once the early rally stalls getting it reignited is hard. Lately when there have been spurts higher into the close its been very impressive and tends to spill over into the next session.
The dilemma remains getting growth and value to rally at the same time.
| Tweet |
| 1/14/2026 9:38 AM | A SO-SO START TO EARNINGS SEASON |
| 1/13/2026 1:47 PM | Mixed Afternoon |
| 1/13/2026 9:43 AM | THEY LIKE OUR BONDS, STILL |
| 1/12/2026 1:42 PM | Market Resolve |
| 1/12/2026 9:54 AM | STRONG FIRST WEEK BODES WELL FOR 2026 |
| 1/9/2026 1:30 PM | Broad Strength |
| 1/9/2026 9:42 AM | DC DRIVING NARRATIVES |
| 1/8/2026 1:42 PM | Cyclical Rally Resumes |
| 1/8/2026 9:34 AM | TIME TO FIGHT FOR MAIN STREET |
| 1/7/2026 1:29 PM | Change of Guards |
| 1/7/2026 9:45 AM | HOARDING GOLD IN THEM THAR HILLS |
| 1/6/2026 1:24 PM | Strength Continues |
| 1/6/2026 9:38 AM | CALLING ALL SPACE CADETS |
| 1/5/2026 1:36 PM | Starting Off Right |
| 1/5/2026 10:00 AM | 2026 NEW NARRATIVES |
| 1/2/2026 1:06 PM | Mixed Session |
| 1/2/2026 9:41 AM | DAY ONE - 2026 |
| 12/31/2025 9:38 AM | HAPPY NEW YEAR |
| 12/30/2025 1:17 PM | Investors Await FOMC Minutes |
| 12/30/2025 9:38 AM | FED MINUTES TODAY |
| 12/29/2025 2:11 PM | Holiday Continues |
| 12/29/2025 9:44 AM | LARGE STAYS IN CHARGE HEADING INTO 2026 |
| 12/26/2025 12:47 PM | Slow Session |
| 12/26/2025 9:30 AM | The Market’s Gift: New Heights |
| 12/24/2025 9:10 AM | HO HO HO, MERRY CHRISTMAS |
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