May 20, 2018

Financial earnings remain focus for week

Index & Sector performance 7/14/14 The Market: All four major indices on the WSC Scoreboard finished equally higher in today’s action.  We continue to be most interested in the Russell 2000 (IWM) and the fact that the Small Caps are not enjoying as solid of a year as the other major indices.  We ultimately believe for further gains the small caps need to be involved. In individual sectors the WSC Scoreboard was led by Energy (XLE) which finished up 0.87%.  Also finishing higher on the WSC Scoreboard was the Financials (XLF) which saw Citigroup (C) beat earnings this morning and…

LULU warns and market dives

Index & Sector performance 1/13/14 The Market: The S&P 500 meandered throughout the Sunday evening session, into Monday and even to start the trading day but then around noon EST weakness started to set in and continued to build.  Around 2:30 pm EST we had reached R2 support in the future but we posted at StockTwits that this support did not look like it would hold due to the MACD’s formation.  That support was indeed lost and the S&P 500 futures (ES) lost another 10 points to the day’s lows and 5 points to the close overall netting a 20+…

Daily Wrap

DJIA -8.68 (-0.06%) to 15,291.66;S&P 500 +0.30 (+0.02%) to 1,652.62;NASDAQ +16.50 (+0.47%) to 3,520.76 If you closed down your computer and went away after the close, you missed an after market that was more exciting than the entire trading day!  I have the benefit of writing this after the close where we see the S&P 500 futures up nicely after the close likely tied to a Q&A session held by Ben Bernanke Chairman of the Federal Reserve (if you didn’t know).  I will need more time to read through but I also didn’t think there was too much new information. …

Daily Wrap

DJIA -89.24 (-0.69%) to 12,878.13 S&P 500 -7.35 (-0.52%) to 1,398.94 NASDAQ -8.99 (-0.30%) to 2,967.79 For the majority of the day the S&P hovered around even.  In the early trading there was a dip that was promptly bought and rallied but it wasn’t until after 2pm when the markets started to move lowered into the close and stayed that way closing near the lows of the day. The stock of the day was Monster Beverage (MNST) up over 13%.  A letter from the FDA to Dick Durbin noted that they will be conducting an investigation into the potential danger…