ETF Range Projections & A Quote to Start the Day
Wise men talk because they have something to say; fools, because they have to say something.
- Plato
Prior to the open we have two economic reports to sift through:
9 AM bring the Treasury International Capital reports which track the flows of financial instruments into and out of the United States.
Overseas markets are mostly lower this morning: Nikkei 225 -0.95%, Hang Seng -2.07%, Shanghai +1.67%, DAX -2.07% , and the FTSE 100 -1.64%.
At about 7:45 AM ET the futures are lower across the board: Dow -98, S&P -12, NAZ -19, Oil -$1.04 and Gold -$6.40.
have a great day!
S&P Component Activity
Is it a bull market? A rally in a bear market? Is the market up on the year? Down on the year? The answer to all those questions could be yes, but it probably pays to look inside the index.
After the huge plunge and the huge rally the market as measured by the S&P 500 is virtually where it began the year. The last eight trading days or so have been in a very tight range around this virtually unchanged level.
More interesting than the above chart would be a look at the component issues. First the S&P 500 sorted by change from January 6.
Of course what’s moving higher in this 8 day sideways consolidation may be more interesting yet:
I’ve uploaded a spreadsheet containing all the component stocks with the above information for your download and perusal, sort to your hearts content. Enjoy!