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 |
12/4/2023 1:07 PM | The Memo |
12/4/2023 9:33 AM | ROTATION IN MOTION |
12/1/2023 1:10 PM | Trepidation |
12/1/2023 9:26 AM | NOVEMBER ROCKED - WILL DECEMBER FOLLOW? |
11/30/2023 1:44 PM | Derailed |
11/30/2023 7:39 AM | FORGET CHASING & FOXHOLES – TIME TO MAKE MONEY |
11/29/2023 1:19 PM | Soft Landing? |
11/29/2023 9:44 AM | RUMBLINGS BENEATH THE SURFACE |
11/28/2023 1:08 PM | Different Approach |
11/28/2023 9:35 AM | YO, ADRIAN |
11/27/2023 1:40 PM | Cherry Pick |
11/27/2023 9:38 AM | CHILLED AND CLICKED |
11/24/2023 9:38 AM | Half Day |
11/22/2023 1:10 PM | Happy Thanksgiving Eve |
11/22/2023 9:38 AM | ANYTHING BUT HO-HUM |
11/21/2023 1:21 PM | All eyes on NVIDIA |
11/21/2023 9:51 AM | BUYERS STEPPING UP |
11/20/2023 1:37 PM | Impressive |
11/20/2023 9:36 AM | CAN THE SMALL-CAPS BE BIG? |
11/17/2023 1:44 PM | Tight Trading |
11/17/2023 9:44 AM | Can A Soft Landing Be Achieved? |
11/16/2023 12:41 PM | Jarring News |
11/16/2023 9:33 AM | LEAVE THE WINNERS…BUY THE LOSERS? |
11/15/2023 1:19 PM | November to Remember |
11/15/2023 9:55 AM | I’LL DRINK TO THAT |
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