Wall Street Strategies
Hello! Sign in or Register

Afternoon Note

Compelling Action

By Charles Payne, CEO & Principal Analyst
6/2/2021 1:20 PM

All eyes are on AMC, but there is other compelling action going on including a strong breakout in the oil patch.

I think this move lifts WTI to $73.00, which is the next major resistance area.


ChartDescription automatically generated

Technology acts better, especially semiconductor names, and there is a cautionary feel with solid gains and flow into Utilities, Consume Staples, and Real Estate.  The market is mostly waiting on the jobs report and that could mean trading in a narrow range until Friday morning.

Graphical user interface, chart, treemap chartDescription automatically generated



Log In To Add Your Comment

Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Privacy Policy | Terms of Use |
All Rights Reserved.