Today’s Economic Calendar
Daily Market Summary
We expect to see some backing up as the S&P goes after all time highs. Futures are down about $8 this morning. Are we oversold? Many in the investing community think so.
I went back and looked at major corrections on our Market Pulse feature. Our Market Pulse gives the percentage of how many stocks are in each of our 8 States since 2007. The percentage of Stocks in State 1 averaged 53.9% before the market made a 10% bearish correction. Today we are sitting at 41.6%. We have seen a low of 41.5% to a high of 66.5% prior to bearish moves. Our alert is on, but we will continue to be on the long side for now. We will watch the 2105 for support on the S&P futures.
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Stocks on the Move
- FFIV- F 5 Networks Inc
- STATE 1
- YESTERDAY’S CLOSING PRICE $120.35
- TARGET PRICE $136.50
- AVERAGE DAYS IN STATE 1- 41 DAYS
- AVERAGE STATE 1 MOVE- 18%
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