Choppy session ahead of Jobs

Posted by Admin on Thursday, March 6, 2014

Index & Sector performance 3/6/14

The Market:

Overall today was a choppy session which started with an overnight breakout which couldn’t gain steam and retraced back to the breakout levels in early morning trading. The market then found a bottom and rallied to the 1880ES pivot which acted as resistance twice finally sending the index back down toward the original breakout region in late day trading.

We expect the choppy trading to continue until the Non-Farm payroll number tomorrow at 8:30am EST. We have consensus estimates currently at 151K with an Unemployment number of 6.6%. Below is a recap of the Economic data released this week and what is on tap to close the week out tomorrow.

S&P 500 (ES) 3/6/14 (click to expand)

Economic data week of 3/3/14

Reporting EPS 3/7/14 Pre-Market:

Earnings reports for 3/7/14 pre-market

Analyst Comments:

Upgrades 3/6/14

Downgrades 3/6/14

Initiations 3/6/14

Price Target Changes 3/6/14

Filed under Tabber, The Nightcap · Tagged with ADHD, ALDW, ANIP, APC, AUXL, AXLL, BIG, BIIB, BOBE, BRX, BXP, CAVM, CBG, CBST, CHDN, CLR, CMRX, COG, DISH, DRTX, ED, EVHC, FL, FRM, FULL, HEES, HP, HRTX, HTH, IPHI, ITCI, JLL, KIRK, KPTI, LJPC, LL, LOV, LOW, MRCC, MTRN, MWE, NGS, NHI, NM, NS, NTI, NYMT, OCIR, PLNR, PPHM, QTM, RIGL, RWT, SBLK, SUP, SWKS, SXE, THRM, TSCO, VLP, VNO, WMC, WX, YUM

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Wall Street Consensus

Choppy session ahead of Jobs

The Market:

Reporting EPS 3/7/14 Pre-Market:

Analyst Comments:

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