June 20, 2019

Major Market Indices down near or over 2%!

Index & Sector performance 6/29/15

 

The Market:

We warned in last week’s update that we viewed the pattern in the market as one that warranted caution.  In the short term we view the market as very oversold and due for a bounce.  Ideally we would like to see a failed rally in the Futures overnight that results in a gap down in the cash index which provides an opportunity to get long in early trading.  It is also worth noting that the SPY closed right at the 200 day SMA & EMA which should act as support — even if only short term.

Looking out more intermediate term we still view the market as cautious and expect lower levels to be seen before the market begins a new rally phase.

 

Economic Calendar week of 6/29/15

 

Reporting EPS 6/30/15 Pre-Market:

Scheduled to Report EPS 6/30/15 pre-market is Star Bulk Carriers (SBLK) with an est. of -$0.20.

 

Analyst Comments:

Upgrades 6/29/15

Downgrades 6/29/15

Initiations 6/29/15

Price Target Changes 6/29/15

Comments are closed.