September 18, 2019

Early gap up fades, XLE leads lower

Index & Sector performance 4/21/15

The Market:

The Nasdaq (QQQ) was the only sector that managed to finish the session higher while the Blue Chip Dow (DIA) was the leader to the downside.

After spending the majority of the year down, Energy (XLE) has recently rallied to up YTD but there was no optimism today as the sector finished over 1% lower.  Also finishing lower was Utilities (XLU) down 0.89%, Materials (XLB) down 0.74%, and Financials (XLF) down 0.50%.  Today’s clear leader was HeathCare (XLV) which managed to close up 0.68% on the session.

No tracked Economic data yesterday or today in what is an overall light week but tomorrow we start to get some number with the Home Price Index (HPI) and Existing Home Sales.  We also get Crude Inventories tomorrow — we will be watching if there is a pullback as it may be a quick trade opportunity to the long side.  Longer term we think crude needs more time to digest this move lower.

We cannot forget that we are in earnings seasons and we list the upcoming names under our Events Calendar.  Below are the names that reported after the close today as well as the names scheduled to report pre-market tomorrow.


Economic Calendar week of 4/20/15


Reported EPS 4/21/15 After the Close:

Companies reporting EPS 4/21/15 after the close


Reporting EPS4/22/15 Pre-Market:

Companies reporting EPS 4/22/15 pre-market

Analyst Comments:

Upgrades 4/21/15

Downgrades 4/21/15

Initiations 4/21/15

Price Target Changes 4/21/15

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