AAPL helps drive late day sell off
Index & Sector performance 9/9/14 The Market: All major indices on the WSC Scoreboard finished the session lower with the Russell 2000 (IWM) leading the charge down 1.18%. The S&P 500 (SPY) started the session weak but found a bottom in early trading and then managed to rally until 2pm ET when the index turned and sold off making new lows for the session. The NASDAQ (QQQ) held in well during early trading as traders were likely waiting for the Apple (AAPL) product announcement. The initial reaction to AAPL’s news (new/bigger phones, watch, payment system) was positive and the…
A day of rest after 4 up
Index & Sector performance 2/12/14 The Market: This morning at StockTwits we noted that after four solid days higher traders should expect a consolidation day which is ultimately what ended up happening but not before the S&P rallied to the pivot at $1823.25ES. Traders should watch that level now as upside resistance and look to 1805-10 as support. The following noteworthy companies are scheduled to report earnings before tomorrow’s open: PEP, APA, DISCA, NLSN, HOT, TAP, BKW, AVP, NGLS, CAB, GNC, SON, AFSI, OWW Analyst Comments: The Game Plan: