Morning Commentary
The market was impressive again yesterday with individual stocks holding onto gain. Real Estate led with gains followed by Utilities and Energy.
The change of guards remains to be intriguing with small caps outperforming. Particularly small cap value, yet the index remains in last place year-to-date with peer indexes.
Market Breadth
Advancers outpaced decliners as up volume outpaced down volume, and new highs touched new lows.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
1,986 |
2,617 |
Decliners |
805 |
1,584 |
New Highs |
192 |
158 |
New Lows |
18 |
93 |
Up Volume |
2.68 billion |
2.78 billion |
Down Volume |
990.39 million |
1.69 billion |
Sentiment & Dry Powder
Active money has rebounded after touching near the lows of the year.
AAII day traders got a bit more bullish this week. The reversal from bear to bullish show individual investors are more in tune with the rhythm of the market than so-called smart investors.
Bond Auction
It was a decent bond auction that saw good demand for 30-year bonds where $60 billion was entered, and less than $20 billion was accepted. Yesterday’s auction settles this week’s bond supply with the 3-year auction receiving a good bidding on Tuesday while the 10-year sales on Wednesday was tough.
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 |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|