Sellers appear on slow news day

Posted by Admin on Wednesday, June 24, 2015

Index & Sector performance 6/24/15

The Market:

An initial gap down in the morning found buyers but only to roughly flat on the session when the seller stepped back in and controlled the remainder of the day with all 4 of the WSC Scoreboard main indices finishing lower led by the Dow (DIA) while closed down nearly 1%.

All of the WSC Scoreboard sectors were lower on the session with the largest losses realized in Transportation (IYT), Matierials (XLB) and Heath Care (XLV).

Not many comments tonight but we would be cautious here. The market looks to be oversold in the short term and due for a bounce but unless the SPY can get above $213.50 we view the pattern at risk for lower levels and would not be active on the long side.

Economic Calendar week of 6/22/15

Reporting EPS 6/25/15 Pre-Market:

Reporting EPS 6/25/15 pre-market

Analyst Comments:

Upgrades 6/24/15

Downgrades 6/24/15

Initiations 6/24/15

Price Target Changes 6/24/15

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Wall Street Consensus

Sellers appear on slow news day

The Market:

Reporting EPS 6/25/15 Pre-Market:

Analyst Comments:

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