Off the 150 day and up
Index & Sector performance 2/5/14 The Market: In the News: The following noteworthy companies are scheduled to report earnings before tomorrow’s open: PM, AET, EXC, CMI, NBL, K, PPL, PRGO, ADS, SIAL, WEC, TW, AAP, VMC, DO, TDC, KKR, SNA, CSL, NUS, ODFL, AOL, PTEN, USG, NYT, FSC, HCLP, NILE Analyst Comments: The Game Plan:
S&P Futures play MA pinball
Index & Sector performance 12/16/13 The Market: The made strong gains today after what looked like a horrible start to the week. In overnight trading Sunday the S&P 500 dropped t0 $1754 (March 2014 emini contract) tagging the 50 day SMA and then built a rally off that support. Surprisingly by the morning the futures had not only regained everything that was lost from Sunday evening’s open but also but in some gains. Those who do not look at the futures may have never even known of the rough start. The futures then rallied pre-market to the 20 day SMA…
S&P 500 holds 1800
Index & Sector performance 12/10/13 The Market: On what amounted to only a small down day with the S&P 500 losing roughly 5 points, the index was able to hold the $1800 level as well as the 20 day SMA which it recently regained after a one day close below on 12/5/13. It was a light economic data day with the NFIB Small Business index coming in as expected posting a 92.5 with expectations at 92.7 and the previous reading 91.6. Wholesale inventories were higher than expected with a 1.4% reading when consensus was 0.3%. The previous month’s reading was…