Afternoon Note
Most indices are relatively higher today, with the Nasdaq Composite leading the way again, up 0.49%. Quarterly results continue to be the main focus and will continue to be next week, with Tesla (TSLA) taking the center stage.
Only two sectors are in the red with the biggest loser being Energy (XLE). Communication Services (XLC) takes the lead, up 0.8%, after Netflix (NFLX) posted earnings that beat both earnings and revenue.
The downward movement in Energy (XLE) comes as oil once again dips below the critical $70 level.
On a similar note, Gold is also having a strong performance today, up 0.9%.
Market breath is decidedly positive, as up volume dwarfs down volume, new highs continue to far outpace new lows, and there are more advancers than decliners.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
1,511 |
2,335 |
Decliners |
1,211 |
1,700 |
New Highs |
154 |
153 |
New Lows |
10 |
36 |
Up Volume |
816.01 million |
2.02 billion |
Down Volume |
555.62 million |
691.73 million |
The Fear & Greed Index is right on the edge of flipping to Extreme Greed.
Fed Governor Weller made comments today indicating a slower rate cut pace with more caution.
"While we do not want to overreact to this data or look through it, I view the totality of the data as saying monetary policy should proceed with more caution on the pace of rate cuts than was needed at the September meeting" - Christopher Waller
On the economic front, September Housing plunged, but single-family homes are still being built. Completion surged related to Starts and Permits, helping clear the backlog.
Tweet |
9/16/2025 10:05 AM | Growth Leads the Way |
9/15/2025 1:36 PM | Solid Rally |
9/15/2025 9:50 AM | It's Still Tech As We Await the Fed |
9/12/2025 1:28 PM | Mega-Caps Move Higher |
9/12/2025 9:32 AM | JAILBREAK |
9/11/2025 1:39 PM | Rally Continues |
9/11/2025 10:08 AM | All AI All the Time |
9/10/2025 1:55 PM | The Oracle Effect |
9/10/2025 9:50 AM | PARTY IN WHOVILLE |
9/9/2025 1:50 PM | Sharp BLS Revision |
9/9/2025 9:48 AM | Tech & Large Cap Safety |
9/8/2025 1:29 PM | Technology Leads Again |
9/8/2025 9:34 AM | FOREBODING |
9/5/2025 1:29 PM | Jobs Data Digest |
9/5/2025 9:55 AM | JOBS DAY (BUCKLE UP) |
9/4/2025 1:07 PM | Stocks Rise and Yields Sink |
9/4/2025 9:45 AM | MOSTLY BLAND |
9/3/2025 1:48 PM | Big Tech Rebounds |
9/3/2025 9:41 AM | NOT AN EMOTIONAL RELEASE (YET) |
9/2/2025 1:37 PM | Gloomy Start |
9/2/2025 9:44 AM | REMEMBER SEPTEMBER? |
8/29/2025 1:33 PM | Fed Governor Cook(ed)? |
8/29/2025 9:49 AM | THE OTHER TECH NAMES AWAKEN |
8/28/2025 1:37 PM | Rallying Resolve |
8/28/2025 9:44 AM | NVDA TRIPPED UP |
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