Afternoon Note
It’s a new day and the three major indices are rebounding from yesterday’s selloff that caused the Nasdaq Composite to move into a correction.
S&P 500 Technology sector, which is near correction, has now 22% of members trading above their 50-day moving average.

Technology (XLK) leads the rally train with strong gains in semiconductors driven by a significant rally in Nvidia (NVDA).

Breadth is decidedly bullish this afternoon with more advancers than decliners.
|
Market Breadth |
NYSE |
NASDAQ |
|
Advancers |
2,214 |
2,850 |
|
Decliners |
571 |
1,251 |
|
New Highs |
37 |
34 |
|
New Lows |
45 |
112 |
|
Up Volume |
1.76 billion |
2.58 billion |
|
Down Volume |
442.7 million |
855.3 million |
The U.S Treasury auctioned off $58B of 3-year notes. The high auction yield came in at 3.81%, lower than the previous auction of 4.399%, as rate cuts expectations continue to grow.
Key Points:

| Tweet |
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| 2/12/2026 9:19 AM | THE VISIBLE HAND OF AI TERROR |
| 2/11/2026 1:23 PM | Bumpy Start |
| 2/11/2026 9:43 AM | SHORTS SMELL BLOOD |
| 2/10/2026 1:46 PM | Modest Gains |
| 2/10/2026 9:35 AM | SCRIPT STILL FLIPPED |
| 2/9/2026 1:23 PM | A Solid Start to The Week |
| 2/9/2026 9:41 AM | TRANSPORTATION TELLS THE STORY |
| 2/6/2026 1:36 PM | Much Needed Rebound |
| 2/6/2026 9:41 AM | NOBODY GETS THE BENEFIT OF THE DOUBT |
| 2/5/2026 1:29 PM | Thursday Pullback |
| 2/5/2026 9:42 AM | TAKING BACK THE NARRATIVE |
| 2/4/2026 1:21 PM | Wednesday Wobble |
| 2/4/2026 9:29 AM | PAC-MAN ON THE PROWL |
| 2/3/2026 12:33 PM | Software Carnage |
| 2/3/2026 9:31 AM | THE WELL-WORN PATH TO PROSPERITY |
| 2/2/2026 1:15 PM | Nice Start To The Week |
| 2/2/2026 9:39 AM | POWELL SKATES PAST REPORTERS |
| 1/30/2026 1:07 PM | Market Digests Fed’s Pick |
| 1/30/2026 9:20 AM | Memory Momentum |
| 1/29/2026 12:32 PM | Software Slides |
| 1/29/2026 9:35 AM | POWELL SKATES PAST REPORTERS |
| 1/28/2026 1:24 PM | Big Tech On Deck |
| 1/28/2026 10:11 AM | CALLING IN THE (NEW) BIG GUNS |
| 1/27/2026 1:28 PM | Split Session |
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