Analyst Upgrades/ Downgrades Estee Lauder (EL) upgraded to Outperform from Perform at Oppenheimer Halliburton (HAL) upgraded to Conviction Buy from Buy at Goldman Sachs Schlumberger (SLB) upgraded to Overweight from Equal Weight at Wells Fargo Baker Hughes (BKR) downgraded to Buy from Conviction Buy at Goldman Sachs BJ’s Wholesale (BJ) downgraded to Hold […]
Author Archives: Rick Rouse
The Spider Small-Cap 600 ETF (SLY) extended its losing streak to 3-straight sessions after trading to an intraday low of $51.08 while closing back below its 50-day moving average. Near-term and upper support at $51.50-$51 was breached but held. A close below the latter would be an ongoing bearish signal with additional pullback potential towards […]
The S&P 500 Volatility Index ($VIX) fell for the first time in 3 sessions despite testing a morning peak of 40.32. Current and lower resistance at 40-40.50 was breached but held with a move above the latter signaling additional strength towards 42-42.50. Upper support at 35.50-35 was challenged but held on the afternoon fade to […]
Before the open: AMC Networks (AMCX), Black Knight (BKI), Dominion Energy (D), Fiat Chrysler Automobile (FCAU), Gladstone Capital (GLAD), Haemonetics (HAE), Incyte (INCY), Jones Lang LaSalle (JLL), L3Harris Technologies (LHX), LendingTree (TREE), MGM Growth Properties (MGP), Newmont Mining (NEM), Premier (PINC), Sealed Air (SEE), TopBuild (BLD), US Foods Holding (USFD), Wayfair (W) After the close: […]
The Consumer Discretionary Select Spiders (XLY) extended its winning streak to 4-straight sessions after tapping an intraday and fresh all-time high of $129.52. New and lower resistance at $129.50-$130 was cleared but held. A close above the latter would be an ongoing bullish signal for additional strength towards $131.50-$132, depending on momentum. Current support is […]
The iShares Russell 1000 (IWF) closed in positive territory for the 3rd-straight day after trading to a fresh all-time high of $187.43. Uncharted territory and lower resistance at $187-$187.50 was cleared but held. A close above the latter would signal additional momentum towards $188.50-$189. Near-term and rising support is at $185-$184.50. A close below the […]