Afternoon Note
Major indices are moving lower, there is profit taking action this afternoon after the market reached its best level in almost three weeks yesterday.
The magnificent seven and weakness in semiconductor stocks are contributing to Nasdaq’s underperformance. Tesla (TSLA) and Nvidia (NVDA) are the worst performers in the magnificent seven.
Five sectors are moving higher, with Consumer Staples (XLP) as the clear frontrunner. Technology is the laggard, followed by Consumer Discretionary (XLY).
Oil is higher, climbing to its best level in more than three weeks. Today the EIA report showed a decline in crude and inventories.
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4/21/2025 1:23 PM | Magnificent Seven Slide |
4/21/2025 9:44 AM | LONG WEEK |
4/17/2025 1:12 PM | Morning Recovery |
4/17/2025 9:38 AM | POWELL PUNT |
4/16/2025 1:16 PM | Semiconductor Shift |
4/16/2025 9:34 AM | AIRLINES TAKING OFF IN A RECESSION? |
4/15/2025 1:17 PM | Narrow Range |
4/15/2025 9:48 AM | TURN THOSE MACHINES BACK ON, MAYBE? |
4/14/2025 12:41 PM | Race to Reshore |
4/14/2025 9:50 AM | LESS FEAR BUT MORE CONFUSION |
4/11/2025 1:19 PM | Yields Surge |
4/11/2025 9:51 AM | FINDING SEA LEGS |
4/10/2025 1:28 PM | Markets Seesaw |
4/10/2025 9:52 AM | THIS IS A GREAT TIME TO BUY!!! DJT |
4/9/2025 12:52 PM | Bumpy Wednesday |
4/9/2025 9:53 AM | YOU’D BEST START BELIEVING IN TRADE WARS |
4/8/2025 1:20 PM | Losing Steam |
4/8/2025 9:32 AM | FINDING BALANCE |
4/7/2025 12:57 PM | Watching The Tape! |
4/7/2025 9:43 AM | BRACING FOR MORE |
4/4/2025 1:28 PM | Powell Sets The Tone |
4/4/2025 9:33 AM | (ALMOST) CLASSIC CAPITULATION |
4/3/2025 1:36 PM | Hang In There |
4/3/2025 9:50 AM | FIGHTING BACK WITH NEW RULES |
4/2/2025 1:10 PM | A Win-Win Position |
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