March 19, 2024

Dollar ralley continues as Market slides

Index & Sector performance 3/10/15

The Market:

A strong down session across the board with no index or sector spared.  We noted yesterday that the action to the upside appeared to not have conviction and today the lack of buying turned into selling.  Traders pointed to concerns over the eventual rate hike from the Fed and the strength in the Dollar as reasons for concern.

We expect to see some form of a bounce as we have started to see positive divergence set-up on the shorter term intraday charts of the S&P 500 (SPY) and NASDAQ (QQQ) but any moves higher may be short lived until we see a more developed bottoming pattern.

 

Economic Calendar week of 3/9/15

 

Reporting EPS 3/10/15 After the Close:

Companies reporting EPS 3/10/15 after the close

 

Reporting EPS 3/11/15 Pre-Market:

Companies reporting EPS 3/11/15 pre-market


Analyst Comments:

Upgrades 3/10/15

Downgrades 3/10/15

Initiations 3/10/15

Price Target Changes 3/10/15

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