Afternoon Note
By Charles Payne, CEO & Principal Analyst
9/13/2021 1:54 PM
The session began with some gusto, but that faded quickly and it's back to the see-saw moves between value and growth. Energy is the only sector making a meaningful move.
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S&P 500 Index |
+0.14% |
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Communication Services XLC |
+0.34% |
|
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Consumer Discretionary XLY |
-0.02% |
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Consumer Staples XLP |
+0.15% |
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Energy XLE |
+2.85% |
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Financials XLF |
+0.82% |
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Health Care XLV |
-0.56% |
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Industrials XLI |
-0.17% |
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Materials XLB |
-0.39% |
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Real Estate XLRE |
+0.51% |
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Technology XLK |
-0.02% |
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Utilities XLU |
-0.42% |
Reopening niches, airlines, hotels and casinos are acting pretty well, while the darlings of stay-at-home such as Zoom (ZM) and Docusign (DOCU) are under serious pressure.
Still, most of the stocks on the move today are below key technical resistance points, as you can see from the airline ETF JETS.
JETS
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| 4/15/2024 1:17 PM | Making a Statement |
| 4/15/2024 9:45 AM | Equal Opportunity Drubbing |
| 4/12/2024 1:37 PM | Pressure Overall |
| 4/12/2024 9:42 AM | WHO YA GONNA CALL? |
| 4/11/2024 1:38 PM | No Urgency |
| 4/11/2024 9:27 AM | Tough Sledding |
| 4/10/2024 1:22 PM | Hang In There |
| 4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
| 4/9/2024 1:56 PM | Fighting the Trend |
| 4/9/2024 9:46 AM | NEXT TIME, MAKE IT A HOLIDAY |
| 4/8/2024 9:45 PM | Cautious Feel |
| 4/8/2024 7:19 AM | IT’S ECLIPSE DAY |
| 4/5/2024 1:51 PM | Higher and Cheaper |
| 4/5/2024 9:23 AM | MARKETS REEL ON BIDEN’S ISRAEL ULTIMATUM |
| 4/4/2024 1:42 PM | Stocks Bounce |
| 4/4/2024 9:31 AM | ESCAPING GRAVITY = ESCAPING REALITY? |
| 4/3/2024 1:41 PM | Cuts Not Soon |
| 4/3/2024 9:33 AM | A LITTLE LESS SWAGGER |
| 4/2/2024 1:16 PM | Under Pressure |
| 4/2/2024 9:49 AM | HIGHER PRICES & JOBS LOSS – “NO” ON FED BINGO CARD |
| 4/1/2024 10:00 AM | OF COURSE, HE CAN WAIT…THE DATA STILL NOT ADDING UP |
| 3/28/2024 1:39 PM | Fruitful Quarter |
| 3/28/2024 9:50 AM | LISTEN TO THE MARKET |
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