March 22, 2019

S&P snaps 2 day losing streak

Index & Sector performance 2/10/15

The Market:

The S&P 500 snapped a 2 day losing streak with a solid rally closing up over 1% on the session while the NASDAQ led the charge finishing up over 1.50% helped by Apple (AAPL) which closed at a fresh all time highs.  The Russell 2000 (IWM) was the laggard but still managed to finish up 0.67%.

All the sectors on the WSC Scoreboard were higher with the exception of Energy (XLE) which was taking its cue from Crude’s slide today after running into the 50 day SMA.  Utilities (XLU) was the biggest gainer finishing up over 2% and HeathCare (XLV), Technology (XLK), Consumer Discretionary (XLY), and Consumer Staples (XLP) all finished up over 1% on the session.

The Economic data reported was on the weaker side but traders will likely not be focusing too much on the data until Thursday’s Unemployment Claims and Retail sales numbers.  In the meantime, Earnings and news out of Europe should continue to drive headlines and sentiment.


Economic Calendar week of 2/9/15


Reporting EPS 2/10/15 After the Close:

Companies reporting EPS 2/10/15 after the close


Reporting EPS 2/11/15 Pre-Market:

Companies reporting EPS 2/11/15 pre-market

Analyst Comments:

Upgrades 2/10/15

Downgrades 2/10/15

Initiations 2/10/15

Price Target Changes 2/10/15

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