HealthCare gains as market slides

Index & Sector performance 3/4/15

The Market:

Ultimately, only a a small sell off in the markets after the S&P 500 rallied off the lows which coincided nicely with the upward sloping 20 day SMA.  Aggressive traders could certainly look to use today’s low to trade against.

In Individual sectors, HealthCare (XLV) was the lone gainer finishing up 0.48% while the Industrials (XLI) led to the downside finishing 0.78% lower followed closely by Consumer Staples (XLP) and Financials (XLF) which finished down 0.70% and 0.61% respectively.  The biggest loser so far for 2015 is the Utilities (XLU) which is now down over 6% YTD and has reached our target support region.  We continue to see risk in the overall pattern but also feel this is a better long opportunity for aggressive traders with a stop below the 3/3/15 lows or $44.

This is a fairly large Economic data week with the Jobs report looming pre-market Friday.

Economic Calendar week of 3/2/15

Reporting EPS 3/4/15 After the Close:

Companies Reporting EPS 3/4/15 after the close

Reporting EPS 3/5/15 Pre-Market:

Companies reporting EPS 3/5/15 pre-market

Analyst Comments:

Upgrades 3/4/15

Downgrades 3/4/15

Initiations 3/4/15

Price Target Changes 3/4/15