July 20, 2019

Eurozone fears trigger late day sell-off

Index & Sector performance 2/4/15

The Market:

Monday’s reversal in the S&P 500 (SPY) of the 200 day SMA continued Tuesday and was extending in today’s session, even with Oil trading lower, until later in the trading day when the index dropped sharply.  Traders pointed to news our of Europe that the ECB will not allow Banks to use Greek government debt as collateral for loans as the catalyst.  The Dow (DIA) was the only index on the WSC Scoreboard which managed to finish higher but that was greatly due to Disney (DIS) beating EPS and finishing up 7.63% on the session.

As would be expected with Oil’s slide today in trading, Energy (XLE) was the laggard finishing down 1.65% followed by HeathCare (XLV) and Utilities (XLU) closing down 1.24% and 1.21% respectively.  The clear leader was Consumer Discretionary (XLY) finishing up 0.67%.

ADP came in slightly disappointing but traders will be focusing most on Friday’s Jobs number.

 

Economic Calendar week of 2/2/15

 

Reporting EPS 2/4/15 After the Close:

Companies reporting EPS 2/4/15 after the close

 

Reporting EPS 2/5/15 Pre-Market:

Companies reporting EPS 2/5/15 pre-market


Analyst Comments:

Upgrades 2/4/15

Downgrades 2/4/15

Initiations 2/4/15

Price Target Changes 2/4/15

Comments are closed.