The NASDAQ was the only one of the three major averages that breached the January lows intraday on Friday. Yet despite that, it performed better overall than the DOW(-1.22%) and SPX (-0.84%). Weakness in those two indexes was propelled by Materials XLB -4.2%, Chemical -4.1%, Coal -4%, Steel -2.8%, Airline -2.8%, Gold/Silver -2.5%, Oil Service -2.2%, Clean Energy -2.2%...
From the 15 min. chart we see that the weak jobs data precipitated a gap down, followed by a fade, then a reversal, and finally an uptick late in the session. The McClellan oscillator shows that we are approaching oversold levels. The daily chart shows that we are testing support on higher volume. Fear, of course can drive those levels considerably lower, so we won't be surprised by anything going into a new trading week. As noted last week, the symmetrical triangle is usually a continuation pattern, and, so far it is executing according to theory.
Companies reporting earnings the week of March 10th-14th include: Monday: AMC, BX, XJT, GOK, HITK, HYGS, IGTE, LCUT, LMIA, SIX, SEH, MTN, CSR, DWRI, FL, HOV, IPAR, JSDA, FACE, RSCR, SAFT, and SYKE... Tuesday: CAS, BONT, DKS, ESLT, GIGM, GSOL, GPX, KR, PLUG, RCNI, SGK, SSI, STEI, SWSI, BKE, WMAR, BLTI, PSS, DMND, DIVX, EXLS, ICFI, JCG, MBLX, OPMR, SVNT, and TTWO... Wednesday: AEO, CTIC, CGPI, FSIN, JASO, JMP, PMI, SBSA, TRK, TTES, TLB, TLCV, VSE, VIP, AFCE, AIRM, CHCI, GDP, GYMB, HOTT, JAS, JUPM, MED, MW, VITA, PRSC, SIGM, STAN, and VM... Thursday: AMT, BNT, EPEX, GCO, HDIX, TMR, MEI, NGPC, SURW, TICC, TRGL, ARO, ABTL, CHDN, COGO, HILL, HIBB, IFON, INTX, KNTA, NTN, PSUN, POWR, SEAC, SRSL, ZIPR, and ZUMZ... Friday: ANN, GEL, NVAX, LIZ, and STRL.
Stocks over $5 posting the largest percentage loss over the last five sessions include: JTX -39.7%, ANGO -39.7%, TA -39.6%, SOA -39.5%, ANH -37.8%, FRZ -36.6%, TSRA -36.3%, ABK -34.7%, OMRI -34.3%, OMPI -34.2%, AMSWA -34.2%, NOBL -33.0%, THRX -32.0%, PDLI -31.6%, GCO -30.8%, PSPT -29.0%, NCS -28.5%, CMO -28.0%, WM -27.7%, NLY -27.7%, ANH-B -26.9%, REM -26.5%, RAS -26.1%, LCAPA -11.7%.
Stocks over $5 posting the largest percentage gain over the last five sessions include: DBD +55.6%, COINW +34.6%, COINZ +27.7%, SMSI +27.3%, FLOW +25.1%, BIG +24.4%, BZP +19.7%, GEOI +19.6%, COIN +18.9%, PBT +16.3%, LVB +15.2%, PDC +15.0%, CRMT +13.6%, PSYS +13.5%, LF +13.2%, HMY +12.9%, GFI +12.8%, ACIW +12.7%, OME +12.4%, JRCC +12.3%, OMEX +12.1%, AXL +12.0%, MFB +12.0%, FXP +12.0%.
Scans courtesy of Briefing.com
No comments:
Post a Comment