October 18, 2018

Big follow through session

Index & Sector performance 12/18/14

The Market:

Following on the rally after the FOMC statement release yesterday, today gaped higher and never looked back with the S&P 500 (SPY) finishing up 2.50%.  Yesterday’s leader, the Russell 200 (IWM), was today’s laggard but still finished up 1.45%.  Unlike previous sessions where the markets seem to take their cue from Oil, today the markets rallied even while oil continued its slide.

Again as would be expected on a day like today, all of the individual sectors were higher with Technology (XLK), HealthCare (XLV), Industrials (XLI), Financials (XLF), and Materials (XLB) all finishing up over 2%.  The laggard was Transportation (IYT) which still closed up 1.52%.

In Economic data, Unemployment Claims came in better than expected while Flash Services PMI and Philly Fed Manufacturing Index missed.

 

Economic Calendar week of 12/15/14

 

Reporting EPS 12/19/14 Pre-Market:

Companies reporting EPS 12/19/14 pre-market


Analyst Comments:

Upgrades 12/18/14

Downgrades 12/18/14

Initiations 12/18/14

Price Target Changes 12/18/14

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