Charles Payne's Market Commentary

Afternoon Note

Picking Up Steam

By Charles Payne, CEO & Principal Analyst
3/19/2024 1:33 PM

After a tentative start, the market is picking up speed even as Communication Services take a break.

These are the session you want; although, crude oil is coming on even stronger.

WTI is breaking out, as the rate of change is getting stronger. There is some resistance at $85.00.

It will be interesting to see if the market can close higher ahead of the Fed meeting tomorrow.

There will not be cuts, but there will be lots of fireworks during the Q&A segment.

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