March 28, 2024

How will traders position for weekend?

Index & Sector performance 4/10/14

The Market:

Today the market not only took back the gains realized yesterday off the FOMC minutes but also the gains from Tuesday’s session leaving fresh closing lows for the week on a roughly 40 point down day in the S&P 500.

With only one day remaining in the week, it will be very interesting to see how trader’s position tomorrow ahead of the weekend.  We have a hard time believing that traders will be anxious to position long going into the weekend after today.  We will be increasingly suspect of any early morning to midday rally as it could likely give way to strong selling after 2:30 pm ET.

Economic Calendar week of 4/7/14

 

Reporting EPS 4/11/14 Pre-Market:

Companies reporting EPS 4/11/14 pre-market


Analyst Comments:

Upgrades 4/11/14

Downgrades 4/11/14

Initiations 4/11/14

Price Target Changes 4/11/14

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