Slow grind higher to start Holiday week
Index & Sector performance 12/22/14 The Market We expected even lighter volume today then we saw but it was still much lighter than the previous sessions. We would not be surprised to see the market continue to drift higher in a choppy manner throughout the holiday trading session and into the New Year. Tomorrow is the heaviest day for Economic data but we are not expecting fireworks. If we do see a pullback we would expect it to be a buying opportunity for short term traders. Reporting EPS 12/23/14 Pre-Market: Big name reporting tomorrow before the open…
Market continues higher on low volume
Index & Sector performance 8/13/14 The Market: Monday was a solid up day to follow-up on Friday’s move but one concerning aspect was how the indices finished noticeably off the intraday highs. That trend continued taking the indices lower in Tuesday’s session but the losses were contained and today it was back up as all 4 indices on the WSC Scoreboard finished higher with the NASDAQ (QQQ) leading the charge. In individual sectors there were three standouts with HealthCare (XLV) the biggest winner finishing the day up 1.21% followed by a tie for second with both the Industrials (XLI) and…
Markets stop slide, fight back
Index & Sector performance 8/4/14 The Market: After two strong down days, all 4 indices on the WSC Scoreboard managed to find bottoms and rally with the Russell 2000 (IWM) leading the charge finishing the day 0.89% higher. One note of caution, volume was on the light side when compared to the previous two sessions. Our suggestion would be to watch the first major pullback after today’s move. If it is orderly then the market likely has unfinished business to the upside, otherwise we will likely see another push lower. In individual sectors it was green across the board except…