Small Caps lag as market rallies
Index & Sector performance 3/16/15 The Market: A strong performance day as the S&P 500 (SPY), Dow (DIA), and NASDAQ (QQQ) finished up over 1% while the Russell 2000 (IWM) was the laggard finishing up 0.60%. One of the positive noted on this recent decline in the broad markets was the resilience of the IWM which is close to a new all-time high. Today could just be the other broad indices catching up to the already outperforming IWM but we cannot help but feel as though today was a perfect set-up for the IWM to lead all names higher and…
Big follow through session
Index & Sector performance 12/18/14 The Market: Following on the rally after the FOMC statement release yesterday, today gaped higher and never looked back with the S&P 500 (SPY) finishing up 2.50%. Yesterday’s leader, the Russell 200 (IWM), was today’s laggard but still finished up 1.45%. Unlike previous sessions where the markets seem to take their cue from Oil, today the markets rallied even while oil continued its slide. Again as would be expected on a day like today, all of the individual sectors were higher with Technology (XLK), HealthCare (XLV), Industrials (XLI), Financials (XLF), and Materials (XLB) all finishing…
Tight trading ends with pop higher
Index & Sector performance 11/18/14 The Market: After multiple sessions trading in a tight range the broad indices broke-out to new highs. It is worth noting that volume was again light but that has been the case throughout much of this recent rally after the mid October bottom. In the after hours session the futures started to give back some of today’s gains so we will be looking to see if today was a false breakout which gives way to a pullback or if the indices can hold. In individual sectors, HealthCare (XLV) led finishing 1.61% higher helped by strong…
S&P showing signs of indecision
Index & Sector performance 11/13/14 The Market: The NASDAQ (QQQ) led today’s trading while the Russell 2000 (IWM) was the clear laggard. The S&P 500 (SPY) is refusing to break with the exception of very small sharp pullbacks which are short lived. Volume over the past two days remains light although is an uptick from earlier in the week. We view the current action as indecision as the SPY wrestles with price discovery and ultimately expect lower levels to be seen. Energy (XLE) led the WSC Scoreboard sectors lower giving back some of the recent hard fought gains but did…
Indices build on week’s gains
Index & Sector performance 8/14/14 The Market: A good up day as all 4 broad indices on the WSC Scoreboard finished the day higher and the Russell 2000 (IWM) is now only X% down on the year. The concern with this week’s bounce has been and remains to be the declining volume as we continue higher. However, until the market turns lower and begins taking out support, traders must respect the price action. In individual sectors, leading was HealthCare (XLV) which finished the day up 1.18% continuing to build on the strong week followed closely by yesterday’s laggard, Retail (XRT) which…