July 23, 2018

Off the 200 Day and up

Index & Sector performance 2/2/15

The Market:

The S&P 500 (SPY) started the session lower but found support just slightly above the 200 day SMA which has not been visited since October 2014.  After an initial pop and then pullback the index rallied the remainder of the session to finish over 30 points off the lows.  So far in the after hours the index is holding the gains and consolidating.  Today’s action should be very promising for long traders and you know your stops — below today’s lows.

The leading sector on the WSC Scoreboard was Energy (XLE) finishing up over 3% as crude oil was able to trade back above $50 today.  XLE’s bounce could have legs due to its very oversold nature but traders should expect volatility and will need to be nimble.

Lots of data this week with the Jobs report closing things out on Friday.  While it is a big data week, we expect earnings to also get many headlines which is why we are continuing to list both the names reporting at night and next morning before the open.  We also share this list each day on StockTwits during the trading session.

 

Economic Calendar week of 2/2/15

 

Reporting EPS 2/2/15 After the Close:

Companies reporting EPS 2/2/15 after the close

 

Reporting EPS 2/3/15 Pre-Market:

Companies Reporting EPS 2/3/15 pre-market


Analyst Comments:

Upgrades 2/2/15

Downgrades 2/2/15

Initiations 2/2/15

Price Target Changes 2/2/15

Full list of Price Target Changes each day available HERE.

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