April 23, 2018

Oil gets crushes while market dips


The Market: A small down day which could have looked worse if not for a late day rally off the lows.  Interesting to see the leaders to the downside were the Dow (DIA) and Russell 2000 (IWM).  We were looking for the market to close just off the lows and then gap down tomorrow for a short-term long opportunity but today’s end of day rally has changed that set-up. Overall we remain cautious on the broad market and believe the choppy trading of late will continue. Energy (XLE) led to the downside, again, as crude oil continues to slide reaching…

Intraday swing leave only small gains


Index & Sector performance 4/28/14 The Market: After moving slightly higher in the overnight and early trading, the S&P 500 quickly dropped in the midday session before finding a bottom around 1:30 pm ET.  While the S&P fell a few points short of making it back to the earlier intraday highs, it did manage to post a small gain on the day.   The Dow led the major indices helped by a 4.2% gain from Pfizer (PFE) while the Russell 2000 closed slightly down on the day. Many big name stocks in the news including the aforementioned Pfizer (PFE) who…

Daily Wrap


DJIA +46.00 (+0.33%) to 13,825.33; S&P 500 +0.01 (+0.00%) to 1,494.82; NASDAQ -23.29 (-0.74%) to 3,130.38 As expected the Nasdaq lagged today because of Apple Computers (AAPL) and their lack luster earnings results (or at least not up to expectations).  Otherwise the S&P 500 probably couldn’t have shown any more indecision closing higher by 1 penny and likely continuing to showcase that it needs a pause/pullback to refresh.  What was positive for the market was to see the Small caps lead and again we got a second straight week of better than expected Unemployment data coming in at 330K. Apple…