Afternoon Note
A nice session thus far with all sectors in the mix. Communication Services is leading the way, as Wall Street praises Netflix’s (NFLX) results that showed healthy gains in subscriber growth, led by a strong content slate.
Existing Home Sales
Down for the eleventh month in a row, existing home sales declined 1.5% month to month. This is the longest stretch since 1999, as buyers continue to face high mortgage rates and scarce inventory.
Market breadth is fairly positive with advancers leading decliners by a roughly 2-to-1 margin at both the NYSE and the Nasdaq.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
2,128 |
2,980 |
Decliners |
902 |
1,413 |
New Highs |
31 |
67 |
New Lows |
15 |
26 |
Up Volume |
1.41 billion |
2.77 billion |
Down Volume |
422.53 million |
634.6 million |
A large batch of expiring options may add a bit of volatility into the close.
Tweet |
1/30/2023 1:44 PM | Busy Week |
1/30/2023 9:26 AM | BIGGEST TEST |
1/27/2023 1:48 PM | Testing 2023 Rally |
1/27/2023 9:34 AM | ON THE DOORSTEP |
1/26/2023 1:09 PM | Backing and Filling |
1/26/2023 9:35 AM | ARE THE ANIMALS BACK? |
1/25/2023 1:01 PM | Not That Bad |
1/25/2023 9:57 AM | SPUNKY MARKET NEEDS BOOST |
1/24/2023 1:09 PM | Recession, Soft Landing Debate |
1/24/2023 9:52 AM | RALLY ON TIGHTROPE |
1/23/2023 1:55 PM | Nasdaq Leads |
1/23/2023 9:48 AM | LOOKING MUCH BETTER |
1/20/2023 1:39 PM | Netflix Rallies |
1/20/2023 1:39 PM | Netflix Rallies |
1/20/2023 9:44 AM | GLIMMER OF HOPE |
1/19/2023 1:17 PM | Slow Our Roll |
1/19/2023 9:42 AM | TRAPDOOR |
1/18/2023 1:11 PM | Careful What Your Root For |
1/18/2023 9:43 AM | HELD BACK BY GOLDMAN |
1/17/2023 1:58 PM | Focus on Earnings |
1/17/2023 9:50 AM | MONSTER START – CAN IT CONTINUE? |
1/13/2023 1:36 PM | Showing Resilience |
1/13/2023 9:28 AM | FRIDAY THE 13TH - FEAR THE FED |
1/12/2023 1:42 PM | Chopfest |
1/12/2023 10:03 AM | HOPE SPRINGS ETERNAL |
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