Stock indexes quietly drifting near session highs, levels not seen in SPX since Nov 16, buoyed by a carry-over strength in Energy sector. S&P E-Minis outlook remains bullish. Recent consolidation in the daily chart appears to be a bull flag formation - a continuation pattern. This reinforces a bull theme.

  • SPX eminis currently trade +37.75 (0.95%) at 3995.5; DJIA +320.58 (0.95%) at 34019.68; Nasdaq +87.7 (0.8%) at 11111.69.
  • SPX leading/lagging sectors: Energy sector (3.01%) w/ energy equipment makers/services matched w/ oil & gas drillers/refiner names (MPC +5.28%, HES +5.11%, APA +5.10%, OXY +4.12%). Materials (+1.80%) and Information Technology (+1.37%) follow. Laggers: Real Estate (+0.06%), Industrials (+0.58%), Consumer Staples (+0.60%).
  • Dow Industrials Leaders/Laggers: Home Depot (HD) +8.40 at 325.18, United Health (UNH) +5.78 at 522.97, Chevron (CVX) +4.62 at 185.86. Laggers: Amgen (AMGN) -2.99 at 285.17, Disney (DIS) -2.33 at 95.25, Boeing (BA) -1.36 at 171.64.

US STOCKS: UPDATE Equity Roundup: Buoyed by Strong Energy Sector

Last updated at:Nov-22 19:37By: Bill Sokolis
Bank of America Market News+ 5

Stock indexes quietly drifting near session highs, levels not seen in SPX since Nov 16, buoyed by a carry-over strength in Energy sector. S&P E-Minis outlook remains bullish. Recent consolidation in the daily chart appears to be a bull flag formation - a continuation pattern. This reinforces a bull theme.

  • SPX eminis currently trade +37.75 (0.95%) at 3995.5; DJIA +320.58 (0.95%) at 34019.68; Nasdaq +87.7 (0.8%) at 11111.69.
  • SPX leading/lagging sectors: Energy sector (3.01%) w/ energy equipment makers/services matched w/ oil & gas drillers/refiner names (MPC +5.28%, HES +5.11%, APA +5.10%, OXY +4.12%). Materials (+1.80%) and Information Technology (+1.37%) follow. Laggers: Real Estate (+0.06%), Industrials (+0.58%), Consumer Staples (+0.60%).
  • Dow Industrials Leaders/Laggers: Home Depot (HD) +8.40 at 325.18, United Health (UNH) +5.78 at 522.97, Chevron (CVX) +4.62 at 185.86. Laggers: Amgen (AMGN) -2.99 at 285.17, Disney (DIS) -2.33 at 95.25, Boeing (BA) -1.36 at 171.64.