September 23, 2018

Dollar giveth and taketh away

Index & Sector performance 3/19/15 The Market: It was noted in last night’s write-up that where the S&P 500 (SPY) decided to stop yesterday gave us pause and left the door open for a pullback.  We still see risk in the S&P in the short-term but a move back over yesterday’s high would force us to revisit that view. Oil reversed much of yesterday’s gains but has managed to remain above yesterday’s lows.  We noted in last night’s commentary that the risk/reward in the USO looked favorable with a stop below $15.61 and we would continue to use that as…

Heartfelt thank you to our Vets!!!

Index & Sector performance 11/11/14 The Market: A Heartfelt thank you goes out to all of the past, present, and future service men and women who work each day to keep us safe.  Without you, what we have and unfortunately often take for granted each and every day would not exist.  Almost zeros across the board as it was a relatively uneventful trading session.  Maybe the clearest example of how uneventful is that the entire trading day’s range on the S&P 500 was 6 points and volume was again light. As noted last night, we still view the short term…

Energy heads lower in mixed session

Index & Sector performance 9/8/14 The Market: Overall another low volume mixed session which saw the S&P 500 (SPY) and Dow (DIA) close slightly lower while the NASDAQ (QQQ) and Russell 2000 (IWM) finished slightly higher. On the WSC Scoreboard the Energy sector (XLE) sticks out finishing the session down 1.56%.  After strong moves we like to see what stocks bucked the trend in the sector and one notable outperformer today was Valero (VLO) which finished the session up 0.96%. Not much Economic data to start the week but finishes strong with Unemployment Claims Thursday followed by Retail Sales and…