Afternoon Note
This morning’s, somehow relatively pleasing economic data has been overshadowed by ongoing concerns about growth, debt ceiling uncertainty and angst about regional banks. About the latter, the regional bank index (KRE) has been exactly one day in the green so far, the pain is not over.
Strength in the mega cap stocks has boosted Nasdaq and Communication Services (XLC) into positive territory. Alphabet (GOOG/L) continues its strong momentum following yesterday’s Developers Conference. Amazon.com (AMZN) continues its run after clearing resistance.
Decliners leading advances, most notable at NYSE with an almost 3-to-1 margin.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
819 |
1,529 |
Decliners |
2,073 |
2,667 |
New Highs |
26 |
62 |
New Lows |
73 |
182 |
Up Volume |
535.14 million |
1.30 billion |
Down Volume |
1.33 billion |
1.24 billion |
Tweet |
7/26/2024 1:36 PM | Friday Recovery |
7/26/2024 9:29 AM | WRAPPED AROUND YOUR FINGER |
7/25/2024 12:58 PM | A Look at GDP |
7/25/2024 9:57 AM | TURNING THE PAGE ON RESOLVE |
7/24/2024 1:49 PM | Vulnerable Market |
7/24/2024 9:47 AM | Mega Misses |
7/23/2024 1:04 PM | Lay Summer Session |
7/23/2024 9:25 AM | MOST EXPANSIVE BREADTH = GREATER OPTIMISM |
7/22/2024 1:23 PM | Rebounding |
7/22/2024 9:47 AM | WILL THE HUNT FOR VALUE CONTINUE? |
7/19/2024 1:32 PM | Under Pressure |
7/19/2024 9:56 AM | STAR FOR ONLY A WEEK? |
7/18/2024 1:30 PM | All Eyes on Netflix |
7/18/2024 10:18 AM | BIG BETS ON TRUMP TRADE |
7/17/2024 1:37 PM | Technology Troubles |
7/17/2024 9:59 AM | EMPHATIC! |
7/16/2024 12:44 PM | AI Drifting Lower |
7/16/2024 9:52 AM | NEW KIND OF WINNING |
7/15/2024 1:32 PM | Small Caps On The Move |
7/15/2024 9:50 AM | FULL SPEED AHEAD |
7/12/2024 12:56 PM | Intriguing Small Caps |
7/12/2024 9:48 AM | IT’S GOOD TO BE THE KING |
7/11/2024 1:25 PM | Equal Weight Comeback? |
7/11/2024 9:42 AM | CALLING ALL STOCKS |
7/10/2024 1:15 PM | Rally Broadens |
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