December 15, 2017

HealthCare gains as market slides

Daily-Wrap

Index & Sector performance 3/4/15 The Market: Ultimately, only a a small sell off in the markets after the S&P 500 rallied off the lows which coincided nicely with the upward sloping 20 day SMA.  Aggressive traders could certainly look to use today’s low to trade against. In Individual sectors, HealthCare (XLV) was the lone gainer finishing up 0.48% while the Industrials (XLI) led to the downside finishing 0.78% lower followed closely by Consumer Staples (XLP) and Financials (XLF) which finished down 0.70% and 0.61% respectively.  The biggest loser so far for 2015 is the Utilities (XLU) which is now…

New Year starts with a thud

Daily-Wrap

Index & Sector performance 01/02/14 The Market: The first trading day of the year started in the opposite direction of 2013′s trend with the S&P 500 closing down near 17 points and essentially taking back much of the holiday drift higher that was seen. In economic data Unemployment claims came in worse than expected posting 339K vs. 334K expected.  Last week’s claims were also adjusted slightly higher to 341K from 338K.  The remaining released data either met or exceeded expectations including Manufacturing PMI, Construction Spending and ISM. In the News: Apple (AAPL) closed 1.41% (lower) amidst differing analyst opinions.  Wells…

Week in Review

Week-in-Review

DJIA +17.21 (+0.13%) to 13,488.43; S&P 500 -0.07 (+0.00%) to 1,472.05; NASDAQ +3.88 (+0.12%) to 3,125.64 Today’s action started with the S&P 500 moving lower but recovering to essentially close flat while the Dow and Nasdaq managed to squeak our small gains.  Not to shabby after just making new 5 year closing highs. In the news today was Best Buy Co.’s (BBY) which didn’t wow people with its same-store sales which were down 1.4% but what did impress and send the stock over 16% higher was the improvement in the US.  The US is a mor focus for the BBY turn around and today’s move took the stock back to where it was for…

Daily Wrap

Daily-Wrap

DJIA +80.71 (+0.60%) to 13,471.22; S&P 500 +11.10 (+0.76%) to 1,472.12; NASDAQ +15.95 (+0.51%) to 3,121.76 Today’s session started like yesterday’s with early strength that started to wane as the morning went on.  Today differed in that around the 11-11:30 AM EST time we bottomed and then moved higher the remainder of the day.  Before the market opened we got slightly worse than expected jobs numbers but for many traders those were offset by strong export data out of China.    With earnings season still a week away the market looks like it is happy to continue higher. The big stock…

Week in Review

Week-in-Review

DJIA +172.79 (+1.35%) to 13,009.68 S&P 500 +18.12 (+1.30%) to 1,409.15 NASDAQ +40.30 (+1.38%) to 2,966.85 This has been the standard holiday trading that we have been highlighting.  Lower volumes and a drift higher.  The recent lows have provided a nice trade and today was more than just an up day with the S&P gapping higher and continuing all, albeit a half, day.  It is very difficult to get bearish during a week like this and in the face of moves like this and rightfully so but today, as we were noting on Stock Twits (WSConsensus), is the kind of day you want to be…