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Afternoon Note

Choppy Session

By Charles Payne, CEO & Principal Analyst
2/11/2021 1:43 PM

Stocks traded choppily as investors digested a host of earnings results and next moves from policymakers to support the economy. The Dow Jones failed to hold early gains with only 8 stocks in the green, led by Intel (INTC) who is drifting towards the $60 level. The S&P 500 retreated about 0.15% whilst the Nasdaq is flat.

Among the notable market moves this morning, Bitcoin (BTC) rose to a new record high, driven by additional signs of broader private sector adoption of the cryptocurrency as a potential medium of exchange.

Energy paired gains as OPEC said it expects demand for crude to rise by 5.8 million barrels a day in 2021, down 100k barrels from its January forecast. Technology is the only sector in green with semiconductors leading. A group of U.S. chip companies sent a letter to President Biden urging him to provide “substantial funding for incentives for semiconductor manufacturing.”

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



Breadth is bearish this afternoon with down volume on the Nasdaq 2-1 ratio.

Market Breadth









52 Week High



52 Week Low



Up Volume



Down Volume



We have taken a couple of profits this morning and are up in cash. 

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william slutz on 2/11/2021 6:58:03 PM
Thank you so much William.  I really appreciate it very much.  Here is the info to make a donation to Rodney's charity.  CP weareraisingmen.com/donate/

Charles Payne on 2/11/2021 7:05:07 PM
Charles I’m a new subscriber but try to catch your noon show our time here in Denver I like your comments and stock picks.

Bullock Van on 2/12/2021 10:03:15 AM
Sincerely appreciate your "Research" and informative guests.

Steven D Hungerford on 2/12/2021 2:23:05 PM

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