Dollar ralley continues as Market slides
Index & Sector performance 3/10/15 The Market: A strong down session across the board with no index or sector spared. We noted yesterday that the action to the upside appeared to not have conviction and today the lack of buying turned into selling. Traders pointed to concerns over the eventual rate hike from the Fed and the strength in the Dollar as reasons for concern. We expect to see some form of a bounce as we have started to see positive divergence set-up on the shorter term intraday charts of the S&P 500 (SPY) and NASDAQ (QQQ) but any moves…
Market shakes off Greece
Index & Sector performance 2/5/15 The Market: Sorry, no comments at this time but please check back later. Reporting EPS 2/5/15 After the Close: Reporting EPS 2/6/15 Pre-Market: Analyst Comments:
Monday’s bounce have legs?
Index & Sector performance 3/17/14 The Market: Today’s rally is not unexpected from Friday’s oversold levels and the early continuation to the downside in overnight trading which took us to the low 1820ES levels we were expecting. Until we see the market get through the 1865-70ES region, this action will be considered only a technical relief rally with more downside/consolidation to come. Economic data to watch for tomorrow is CPI which has core & headline estimates at 0.1% and Building Permits which has an estimate of 0.97M coming off the previous 0.94M. Reporting EPS 3/5/14 Pre-Market: Analyst Comments:
Next target the 50 day SMA?
Index & Sector performance 3/13/14 The Market: A strong down day in the market but coming into the day people may have thought that would be a result of a poor Unemployment Claims number but we actually saw a better than expected 315K (334K est). After the report the index meandered higher into the open and then after peaking out above trend line resistance, turned and started what proved to be a day long decline. At 11:30 am we posted on StockTwits that the decline in the ES looked like it had lower to go especially due to the slope…
Analyst Comments
Analyst comments for Monday (11/19/12) See the Upgrades/Downgrades section for complete & cleaner list Upgrades Company Symbol Brokerage Firm Upgraded to: Price Target ($) CSC CSC Deutsche Bank Buy 46 Randgold Resources GOLD RBC Capital Outperform N/A Enerplus Resources ERF RBC Capital Outperform 18 Agnico-Eagle AEM RBC Capital Outperform 69 PetSmart PETM Barclays Overweight 75 Dean Foods DF Goldman Sachs Buy 22 Agilent A Goldman Sachs Buy 59 Bruker BRKR Goldman Sachs Buy 19 Barclays BCS Goldman Sachs Buy N/A Flowers Foods FLO KeyBanc Buy 25 Actuant ATU KeyBanc Buy N/A Provident PFS Sterne Agee Buy 15…