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XLU

Utilities SPDR

$52.84

-0.17 (-0.32%)

, XLB

S&P Select Materials SPDR

$53.69

0.09 (0.17%)

15:20
10/12/18
10/12
15:20
10/12/18
15:20

On The Fly: Weekly technical notes for S&P 500

The S&P 500 index is set to end off its worst levels of the week, last at 2750.05, but still sharply lower. Some form of basing action is underway with support in the 2730-2700 area. Resistance is at the 2775 area, which is near the top of the 2-day range. Above that, on a bigger snapback the 2800 area would come into play as resistance. The 2780 area for the coming week is the approximate point of intersection with the uptrend support line that began in February 2016. Sector breadth was deeply negative for the week, with only the Utilities (XLU) finishing higher. The weakest sectors were Basic Materials (XLB), Technology (XLK), Industrials (XLI), and Consumer Discretionary (XLY).

XLU

Utilities SPDR

$52.84

-0.17 (-0.32%)

XLB

S&P Select Materials SPDR

$53.69

0.09 (0.17%)

XLK

Technology Select Sector SPDR

$70.25

1.57 (2.29%)

XLI

Industrial Select Sector SPDR

$73.55

0.03 (0.04%)

XLY

Consumer Discretionary Sector SPDR

$107.93

1.42 (1.33%)

SPY

SPDR S&P 500 ETF Trust

$274.45

2.01 (0.74%)

SPX

S&P 500

$0.00

(0.00%)

XLU Utilities SPDR
$52.84

-0.17 (-0.32%)

04/02/18
MSCO
04/02/18
NO CHANGE
MSCO
Utilities view lowered to Equal Weight at Morgan Stanley
Morgan Stanley equity strategist Michael Wilson said he thinks many of the risks facing the market have now been priced in and he sees value in the S&P, which is currently at the low end of his target near-term range ahead of what will likely be a strong Q1 earnings season. However, he is moving the Utilities sector to Equal Weight from Overweight, stating that this is not a sell call for those who recently bought the stocks but that a tactical overweight after recent relative outperformance no longer makes sense.
XLB S&P Select Materials SPDR
$53.69

0.09 (0.17%)

XLK Technology Select Sector SPDR
$70.25

1.57 (2.29%)

07/09/18
MSCO
07/09/18
NO CHANGE
MSCO
Morgan Stanley suggests getting more defensive, downgrades Tech to underweight
Morgan Stanley equity strategist Michael Wilson believes the S&P 500 could trade to 2,800-2,825 in the "very near-term," but is recommending investors use such a move higher to reduce portfolio beta and risk as he continues to expect an "aggressive rotation" toward defensive sectors at some point. Given his view of a growing probability for sustained defensive leadership, Wilson downgraded Small caps to equal weight and Technology to underweight. He also upgraded Consumer Staples and Telecom Services to equal weight from underweight.
XLI Industrial Select Sector SPDR
$73.55

0.03 (0.04%)

XLY Consumer Discretionary Sector SPDR
$107.93

1.42 (1.33%)

SPY SPDR S&P 500 ETF Trust
$274.45

2.01 (0.74%)

12/11/17
OPCO
12/11/17
NO CHANGE
OPCO
Oppenheimer initiates S&P 500 price target of $3,000 in 2018 on outlook
Oppenheimer has initiated an S&P 500 price target of $3,000 in 2018 as it believes the fundamentals - both economic growth and corporate earnings - will likely improve further in 2018. Its price target and earnings estimate do not include any assumptions about what tax reform might ultimately look like.
SPX S&P 500
$0.00

(0.00%)

01/23/18
BOFA
01/23/18
NO CHANGE
BOFA
S&P 500 2018 year target raised to 3,000 from 2,800 at BofA/Merrill

TODAY'S FREE FLY STORIES

MNSB

MainStreet Bancshares

$0.00

(0.00%)

11:42
02/21/19
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MainStreet Bancshares applies to list common stock on NASDAQ Capital Market »

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ZSAN

Zosano Pharma

$4.19

1.98 (89.59%)

11:40
02/21/19
02/21
11:40
02/21/19
11:40
Recommendations
BTIG boosts Zosano target to $19 on 'solid' migraine safety data »

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11:38
02/21/19
02/21
11:38
02/21/19
11:38
General news
4-Week Bill Auction Total Amount data reported »

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11:38
02/21/19
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11:38
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General news
8-Week Bill Auction Total Amount data reported »

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UNIT

Uniti Group

$11.23

-1.035 (-8.44%)

11:35
02/21/19
02/21
11:35
02/21/19
11:35
Options
Uniti Group put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 28

    Feb

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    Mar

ZSAN

Zosano Pharma

$3.89

1.68 (76.02%)

11:32
02/21/19
02/21
11:32
02/21/19
11:32
Hot Stocks
Breaking Hot Stocks news story on Zosano Pharma »

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11:31
02/21/19
02/21
11:31
02/21/19
11:31
Conference/Events
UBS leisure/lodging analyst to hold an analyst/industry conference call »

Leisure, Gaming &…

ZSAN

Zosano Pharma

$3.89

1.68 (76.02%)

11:31
02/21/19
02/21
11:31
02/21/19
11:31
Hot Stocks
Zosano says Qtrypta long-term study shows 'well-tolerated safety profile' »

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ZYNE

Zynerba

$4.85

-0.05 (-1.02%)

11:31
02/21/19
02/21
11:31
02/21/19
11:31
Hot Stocks
Zynerba patent listed by World Intellectual Property Organization »

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JD

JD.com

$24.23

-0.45 (-1.82%)

11:25
02/21/19
02/21
11:25
02/21/19
11:25
Options
JD.com call volume above normal and directionally bullish »

Bullish option flow…

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  • 28

    Feb

  • 04

    Mar

  • 20

    Mar

KMTUY

Komatsu

$0.00

(0.00%)

11:21
02/21/19
02/21
11:21
02/21/19
11:21
Downgrade
Komatsu rating change  »

Komatsu downgraded to…

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11:20
02/21/19
02/21
11:20
02/21/19
11:20
General news
Treasury announced $113 B in shorter dated coupon sales for next week »

Treasury announced $113 B…

SCI

Service Corp.

$42.31

-0.42 (-0.98%)

11:17
02/21/19
02/21
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11:17
Hot Stocks
Service Corp. raises quarterly cash dividend 6% to 18c per share »

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  • 05

    Mar

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
02/21/19
02/21
11:17
02/21/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
02/21/19
02/21
11:16
02/21/19
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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11:15
02/21/19
02/21
11:15
02/21/19
11:15
General news
Breaking General news story  »

8-Week Bill Auction to be…

11:15
02/21/19
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General news
Breaking General news story  »

4-Week Bill Auction to be…

GS

Goldman Sachs

$197.12

-1.49 (-0.75%)

11:10
02/21/19
02/21
11:10
02/21/19
11:10
Initiation
Goldman Sachs initiated  »

Odeon's Dick Bove…

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  • 27

    Feb

  • 03

    Mar

  • 12

    Mar

11:10
02/21/19
02/21
11:10
02/21/19
11:10
General news
Energy Action: NYMEX crude »

Energy Action: NYMEX…

DK

Delek US

$36.95

-0.13 (-0.35%)

11:10
02/21/19
02/21
11:10
02/21/19
11:10
Options
Delek US draws upside call buyers as shares slip off early highs »

Delek US draws upside…

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11:10
02/21/19
02/21
11:10
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11:10
General news
Existing home sales fell 1.2% in January to 4.99 M, a 3-year low »

Existing home sales fell…

11:08
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General news
3-Month Bill Announcement CUSIP Number data reported »

3-Month Bill Announcement…

MNST

Monster Beverage

$58.64

-0.07 (-0.12%)

11:07
02/21/19
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Options
Monster Beverage option volume spikes to 3X daily average amid active trading »

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  • 27

    Feb

LIVN

LivaNova

$98.56

-1.32 (-1.32%)

11:07
02/21/19
02/21
11:07
02/21/19
11:07
Recommendations
LivaNova analyst commentary  »

Piper says Japanese…

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  • 27

    Feb

  • 06

    Mar

  • 07

    May

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    May

UBCP

United Bancorp

$10.95

(0.00%)

11:04
02/21/19
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11:04
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11:04
Hot Stocks
United Bancorp raises quarterly cash dividend to 13.25c per share »

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