S&P 500 holds 200 day SMA
The Market: Sorry no comments tonight — traveling the remainder of this week. Reporting EPS After the Close this week: Reporting EPS Pre-Market this week: Analyst Comments:
Market closes highe but no conviction
Index & Sector performance 3/9/15 The Market: Overall it was a quiet session with not much news or Economic data. The market was able to bounce back today after Friday’s strong sell-off led by the Dow (DIA) but volume was on the light side showing that market participants are not necessarily convinced the decline is over. In individual sectors Industrials (XLI) was the clear leader as names like Boeing (BA), 3M (MMM), and Caterpillar (CAT) put in strong sessions finishing up 1.06%, 1.22% and 0.94% respectively. Energy (XLE) was the lone loser on the session finishing -0.72%. One bright spot,…
Merger Monday doesn’t help market
Index & Sector performance 11/17/14 The Market: Despite a very active M&A session, it was yet another very tight trading range in the S&P 500 while the NASDAQ (QQQ) lagged and the Russell 2000 (IWM) led to the downside. In deals we saw Allergan (AGN) agree to be acquired by Actavis (ACT) for a combination of cash and ACT stock which totaled $219 per share. Valeant Pharmaceuticals (VRX) who had also been trying to buy AGN stepped aside not feeling comfortable they could justify the valuation to shareholders. Two more big names in M&A news as Halliburton (HAL) announced it…