Afternoon Note
It's been an intriguing session in the sense that no one wanted to get in the way of early selling, but I'm seeing some nibbling.
The first tell was Wynn Resorts, Limited (WYNN) moving higher on the renewal of its casino license in Macau and fetching at least one upgrade this morning. Still, I thought the stock would be under some pressure.
Crude oil is also holding at a very important support point.
The market is also holding despite the Fed talking heads laying it on thick once again.
-'Fed will have to pursue rate hikes into 2023' Bullard
-'I don't believe the Fed is close to a pause on tightening.' Mester
I'm watching the NASDAQ Composite, which acts like it wants to move higher. The index is a million miles below any major tests of resistance, so there could be lots of traders kicking the tires.
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10/17/2025 1:43 PM | Friday Zig Zag |
10/17/2025 9:51 AM | They Warned Us About Everything Else |
10/16/2025 1:33 PM | Another Intraday Reversal |
10/16/2025 9:30 AM | ENCOURAGING BUT NEED MORE |
10/15/2025 1:23 PM | Intraday Weakness |
10/15/2025 9:53 AM | STRONG “DOWN” DAY |
10/14/2025 1:27 PM | Intraday Recovery |
10/14/2025 9:45 AM | HO, HO, HO |
10/13/2025 1:42 PM | Fears Eased |
10/13/2025 9:49 AM | ROUGH BUT NOT HELLISH |
10/10/2025 1:48 PM | Chinese Trade Negotiations Reignite |
10/10/2025 10:05 AM | BIRTHDAY BREAK |
10/9/2025 1:25 PM | Shutdown Continues |
10/9/2025 9:53 AM | DOOM PORN DOESN’T DISTRACT INVESTORS |
10/8/2025 1:14 PM | FOMC Minutes in Focus |
10/8/2025 9:45 AM | DIFFERENT TYPES OF BOTTOM FISHING |
10/7/2025 1:34 PM | Taking a Breather |
10/7/2025 9:55 AM | LOTS OF CHASING BUT SOME BOTTOM FISHING TOO |
10/6/2025 1:36 PM | AMD deal powers Semiconductors |
10/6/2025 9:42 AM | ROTATION HAS BEGUN |
10/3/2025 1:30 PM | Midday Air Pocket |
10/3/2025 9:33 AM | MUSCLE MEMORY & AI FRENZY |
10/2/2025 1:34 PM | Searching for Direction |
10/2/2025 9:47 AM | A HEALTHY ROTATION |
10/1/2025 1:29 PM | Shutdown Resolve |
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