May 31, 2020

Market rollercoaster continues

Index & Sector performance 4/1/15

The Market:

For those who do not track the futures you would think that today started off with a small gap that then snowballed into something much larger but the first shot lower was actually yesterday evening when the S&P futures dropped nearly 30 points in roughly an hour.  Amazingly the index recouped nearly all the losses by the open but then started to make its way back toward those overnight lows which is the action we saw today.

Monday’s Wrap noted that we were looking for a pullback in the markets and that the structure of the pullback could provide more insight into what we think we will see going forward.  Ideally we would like to see the S&P make a lower low than from 3/26/15 but think from there we could have a much better long opportunity for a swing trade.  What is still not clear to us is whether the next move higher will only be a bounce and then give way to much lower levels or if we will be on the may to new highs.


Economic Calendar week of 3/30/15


Reporting EPS 4/2/15 Pre-Market:

Companies Reporting EPS 4/2/15 pre-market

Analyst Comments:

Upgrades 4/1/15

Downgrades 4/1/15

Initiations 4/1/15

Price Target Changes 4/1/15

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