Afternoon Note
It has been a down day for the markets led by Amazon (AMZN), down $247 or 6.8%, after its disappointing earnings. It is dragging down Consumer Discretionary, which is down 1.53%. The Nasdaq is performing the worst, down 0.6%, followed by the S&500 -0.4% and the Dow -0.3%.
Four of the eleven S&P 500 sectors are in the green. Safe havens are leading the way, as are Materials after the Senate voted 66 in favor versus 28 against on a procedural vote to move forward the bipartisan infrastructure bill.
Energy is the worst performing sector, despite oil being up on the day and the week. WTI is currently trading at $73.95, up .45%.
|
S&P 500 Index |
-0.40% |
|
|
Communication Services XLC |
-0.06% |
|
|
Consumer Discretionary XLY |
-1.53% |
|
|
Consumer Staples XLP |
+0.31% |
|
|
Energy XLE |
-1.88% |
|
|
Financials XLF |
-0.67% |
|
|
Health Care XLV |
+0.34% |
|
|
Industrials XLI |
-0.29% |
|
|
Materials XLB |
+0.30% |
|
|
Real Estate XLRE |
+0.71% |
|
|
Technology XLK |
-0.19% |
|
|
Utilities XLU |
-0.09% |
Breadth is decidedly negative today, with down volume outpacing the up. The silver lining is that there are significantly more new 52-week highs.
|
Market Breadth |
NYSE |
NASDAQ |
|
Advancing |
1,318 |
1,691 |
|
Declining |
1,883 |
2,464 |
|
52 Week High |
154 |
110 |
|
52 Week Low |
23 |
65 |
|
Up Volume |
607.22M |
985.41M |
|
Down Volume |
1.34B |
1.04B |
Have a great weekend.
| Comments |
| Steady...... we must be steady! Lorin K on 7/30/2021 7:57:07 PM |
| Tweet |
| 3/19/2026 1:25 PM | Continued Pressure |
| 3/19/2026 9:44 AM | MIC DROP |
| 3/18/2026 1:44 PM | Facing Pressure |
| 3/18/2026 9:43 AM | STILL TEPID |
| 3/17/2026 1:27 PM | Continued Resilience |
| 3/17/2026 9:41 AM | GREEN AHEAD OF ST PATRICKS DAY |
| 3/16/2026 1:19 PM | Green Screen |
| 3/16/2026 9:49 AM | TRADING ACTION HINTS AT MAJOR REVERSALS |
| 3/13/2026 1:40 PM | Volatility Continues |
| 3/13/2026 9:33 AM | ON DOWNWARD AUTOPILOT |
| 3/12/2026 1:35 PM | Tech Resilience Fades |
| 3/12/2026 9:40 AM | HOLDING ON, BUT STRUGGLING |
| 3/11/2026 1:19 PM | Mid-Week Movements |
| 3/11/2026 9:37 AM | COMMUNICATION GAUGE CURBS MOMENTUM |
| 3/10/2026 1:38 PM | Showing Resolve |
| 3/10/2026 9:39 AM | OIL RETREATS – STOCKS SURGE |
| 3/9/2026 1:16 PM | Opening The Hormuz Oil Spigot |
| 3/9/2026 9:34 AM | GET THE SHIPS MOVING |
| 3/6/2026 1:33 PM | Friday Fuel Frenzy |
| 3/6/2026 9:55 AM | EVERYONE WANTS THIS THING TO END SOON |
| 3/5/2026 1:31 PM | Market Struggles |
| 3/5/2026 9:40 AM | IT WAS A GOOD DAY |
| 3/4/2026 1:23 PM | Mid-Week Recovery |
| 3/4/2026 9:50 AM | MARKET NOT CLOWNING AROUND AND WANTS TO REBOUND |
| 3/3/2026 1:25 PM | Tuesday's Market Gyrations |
| More commentary archives | |
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