QQQ & IWM reach new highs
Posted by Admin on Thursday, February 26, 2015
Index & Sector performance 2/26/15
The Market:
More churn today in the markets but again the NASDAQ (QQQ) and Russell 2000 (IWM) showed more strength than the S&P 500 (SPY) with the QQQ and IWM reaching new 52-week closing highs on the session.
Crude oil lost over 5% today which helped send the Energy (XLE) sector 1.88% lower. We noted in our 2/18/15 nightly recap when the XLE was trading above $81 that we would look for a pullback toward $78 as a buying opportunity. Closing today at $79.35, we would ideally like to see lower levels before dipping into the XLE. The USO is a slightly different story and we believe aggressive traders may want to look at a long trade on the USO using a stop below $17.50.
Economic data today was somewhat mixed as you can see below.
Economic Calendar week of 2/23/15
Reporting EPS 2/26/15 After the Close:
Companies reporting EPS 2/26/15 after the close
Reporting EPS 2/27/15 Pre-Market:
Companies reporting EPS 2/27/15 pre-market
Analyst Comments:
Upgrades 2/26/15
Downgrades 2/26/15
Initiations 2/26/15
Price Target Changes 2/26/15
Filed under Tabber, The Nightcap · Tagged with ACAD, ACRX, ADS, ADSK, AEGR, AHT, AIRM, AL, AMCX, AMH, ANF, ARUN, AVGO, AXP, BBG, BCEI, BEL, BLOX, BLUE, BMRN, BSFT, CAS, CBSH, CDTI, CEMP, CERS, CLH, CLMT, CLNE, CLR, CLVS, CNL, CRM, CROX, CST, CUBE, CVC, CWEI, CXP, DFRG, DGI, DHI, DIN, DLTR, DOOR, DPM, DPZ, EVC, EVHC, GDP, GEVA, GLNG, GLOG, GMED, GPS, GVA, HBAYF, HCN, HEI, HFC, HLF, HMSY, HPP, HPT, HUB.B, HZNP, IFF, IG, IM, IP, ISIS, JCP, KBR, KERX, KND, KS, LAMR, LAND, LH, LMCA, LXRX, LYV, MDRX, MEMP, MENT, MNST, MOBI, MTZ, NDSN, NFX, NMBL, NOG, NRG, NSAM, NVAX, NYLD, OHRP, OLED, OPHT, OUT, OVTI, PCRX, PCYC, PE, PFMT, PGRE, PLL, PNM, PODD, PTCT, PTX, RDC, REXR, RKT, RMTI, ROST, RPTP, SB, SBAC, SBUX, SD, SEMG, SGY, SON, SPLK, SRC, SREV, STRZA, STT, SWN, SZYM, THRM, TMUS, TTI, TUBE, TUMI, UHS, UTHR, VMC, WDAY, WDR, WMC, WMGI, WTR, WTW, XLS, Z