Stocks opened lower and remained in negative territory for the remainder of the session. At the end of the day the S&P was 17 points lower and the DOW had triple digit losses, down -130 points.
You can’t blame earnings…U.S. markets were lower in spite of earnings that continue to beat analyst expectations. According to Bloomberg, 400 of the S&P 500 stocks have reported earnings.
Of the 400 companies that have reported, 75% have beaten estimates and 52% have exceeded revenue projections.
Markets To Watch
Markets To Watch
Twitter (TWTR) was a big mover today, down -17.81%! The decline in the stock was attributed to the end of the lock-up period, a period when company insiders are unable to sell TWTR stock. With the lock-up period over, the amount of stock available for trading has essentially quadrupled.
With today’s move lower TWTR has lost 50% of its value this year.
This Week’s Economic Calendar
This Week’s Economic Calendar
Real Time Economic Calendar provided by Investing.com.
Power Crossover Signals
Power Crossover Signals
The signals above are derived based on the rules of our Power Crossover Method.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown above. The past performance of any trading system or methodology is not necessarily indicative of future results. Have a great trading week!
