March 29, 2024

Drop to set-up end-of-year rally?

Index & Sector performance 12/30/14

The Market:

Without any catalysts, the market drifted slightly lower today but we would be very careful on the short side as this could just be a set-up to finish out the week strong.  In addition, we would be looking at a gap down tomorrow as a potential short term trading opportunity on the long side.

While all sectors finished lower, Utilities (XLU) led the way closing down over 2%.

Tomorrow is the biggest data day of the week with Unemployment Claims the headline.

 

Economic Calendar week of 12/29/14


Analyst Comments:

Upgrades 12/20/14

Downgrades 12/30/14

Initiations 12/30/14

Price Target Changes 12/30/14

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