July 20, 2018

The Nightcap

The Market:

A very strong session which was led by the NASDAQ (QQQ) and Dow (DIA) which the S&P 500 (SPY) not far behind.  It was interesting to see the Guggenheim S&P 500 Equal Weight index lag the S&P pointing to the gains being in the higher weighted stocks in the S&P 500 index.  Additionally the Russell 2000 (IWM) underperformed posting half the gains of the SPY.

In individual sectors the day session was led by the Industrials (XLI) followed closely by the Materials (XLB).  Also closing up over 2% on the session was Technology (XLK) and that move looks like it will extend tomorrow as Microsoft (MSFT) is bid up after reporting earnings in the after-hours session.

As a reminder, we are in the thick of EPS season so please make sure you are checking when your holdings report or make sure you check before you enter a trade.

 

Index & Sector performance 10/22/15

 

Economic Calendar week of 10/19/15

 

Reported EPS 10/22/15 After the Close:

Companies reporting EPS 10/22/15 after the close

 

Reporting EPS 10/23/15 Pre-Market:

Companies reporting EPS 10/23/15 pre-market

 

Analyst Comments:

Upgrades 10/22/15

Downgrades 10/22/15

Initiations 10/22/15

Price Target Changes 10/22/15

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