Market dips early but fights back
Index & Sector performance 1/21/14 The Market: This is the type of market that frustrates both the Bull & the Bears. Strong moves in each direction serve to whip weak traders our of their positions. After a very light futures trading session Monday with the Stock Market closed, the S&P 500 futures pressed higher in late Monday/early Tuesday trading. Just before the open the futures printed $1844 and then started to sell off right at the open. The market finally found a bottom near noon EST but only after losing roughly 18 points from the pre-market highs. The S&P 500…
Week in Review
DJIA +119.95 (+0.86%) to 13,981.76; S&P 500 +13.18 (+0.88%) to 1,519.79; NASDAQ +30.33 (+0.97%) I won’t spend too much time on Friday’s action but the futures seemed to have a positive tone even in early trading which I believe was build up off trading into support and holding around the 1500 level in the S&P 500. To further assist in the cause we had positive earnings reports out of two majors which I will list below. Otherwise today felt more as though we were snapping back some of the previous losses in more of a pure technical move. Two Dow names making news with…