May 31, 2020

Small Caps lag as market rallies

Index & Sector performance 3/16/15

The Market:

A strong performance day as the S&P 500 (SPY), Dow (DIA), and NASDAQ (QQQ) finished up over 1% while the Russell 2000 (IWM) was the laggard finishing up 0.60%.  One of the positive noted on this recent decline in the broad markets was the resilience of the IWM which is close to a new all-time high.  Today could just be the other broad indices catching up to the already outperforming IWM but we cannot help but feel as though today was a perfect set-up for the IWM to lead all names higher and produce a breakout.  Our concern may be for nothing and the IWM may take the lead back in the coming days but for now it is something to note.

In the very short term we view the SPY as overbought so would not be surprised to see a pullback back tomorrow and if we gap higher in the morning it could be a short term selling opportunity.

Overall a light Economic Calendar but with the FOMC statement Wednesday.


Economic Calendar week of 3/16/15


Reporting EPS 3/16/15 After the Close:

Reporting EPS 3/16/15 after close


Reporting EPS 3/17/15 Pre-Market:

Reporting EPS 3/17/15 pre-market

Analyst Comments:

Upgrades 3/16/15

Downgrades 3/16/15

Initiations 3/16/15

Price Target Changes 3/16/15

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