Early volatility wanes, dull day

Posted by Admin on June 2, 2014

Index & Sector performance 6/2/14 The Market: Overall a quiet day in the market if you look at the overall performance but that does not show the early volatility the market saw when the S&P 500 futures dropped roughly 10 points at the open to only “V” bottom and spike back up near where the drop occurred. After that it was tight trading the rest of the day leaving a small up day in the Dow & S&P with the NASDAQ and Russell 2000 closing on the downside. Today there was some drama around ISM Manufacturing PMI after it was…

Category Tabber, The Nightcap · Tags AA, AAPL, AAV, ABBV, ACAT, ADS, AHP, AKRX, ALDR, ALL, AMWD, ANN, APTS, ARCP, ARO, BCEI, BIG, BKD, BNNY, BRCM, CENX, CODE, CONN, CQH, CQP, CWCO, DG, DNOW, DOC, ESRX, FANG, GDP, GIII, GLOP, GM, GPT, IMUC, KFX, KRA, KTWO, LGF, MCHP, MEAS, MNTA, MO, MSCC, MTN, MTZ, MZOR, N, NFLX, NOV, NWE, OIS, OWW, PACW, PCRX, PFPT, POL, RLJ, SCYX, SNV, SPG, SPLK, SRLP, STRZA, SWHC, THRX, TM, TRI, TRIP, VTNR, XLNX, Z, ZMH, ZQK

Tech & Small Cap lead, S&P new highs

Posted by Admin on May 27, 2014

Index & Sector performance 5/27/14 The Market: After a lull in Economic releases last week and a Holiday Monday, today started with a slew of Economic data which posted better than expected results for Durable Goods orders, Home Price Index, and Flash Services PMI. The S&P which was already trading slightly higher preceded to rally into the early morning before seeing a midday dip followed by an end of day rally that took the S&P500 futures back to and slightly above the earlier highs. Tomorrow we get a break from Economic news but Thursday will be another big day with…

Category Tabber, The Nightcap · Tags AAPL, ABBV, AEGR, ALK, AMC, AMTG, ARES, ASH, AVGO, AWH, AXP, BAC, BCEI, BIG, BRKS, BWS, CBRL, CHS, CNK, CPHD, CSCO, CSUN, DAKT, DLPH, DSW, ESI, EXXI, FL, FRSH, GLNG, GPT, GWRE, HIMX, KEX, KIM, KORS, LGCY, LUV, MCO, NOK, NTLS, ODP, OILT, OMAB, ORI, PAC, PANW, PCYC, PVH, QTNT, REX, RMD, ROLL, SABR, SIVB, SLXP, SN, SPLK, SPLS, SWAY, TDW, TMUS, TOL, TRXC, TWO, WRE, YOKU

Indices take back losses plus

Posted by Admin on May 21, 2014

Index & Sector performance 5/22/14 The Market: Overall today was a quiet day in the market which saw green across the entire WSC Scoreboard with the Dow and NASDAQ leading the charge followed closely by the S&P and finally the Russell 2000 which is getting use to lagging. At 2pm EDT the FOMC minutes were released and discussed risks to the economy including U.S. housing, the Russia-Ukraine situation, and China’s economic slow down but this news did not appear to bother traders. Tomorrow is be the biggest economic data day of the week which includes Unemployment Claims and Existing Home…

Category Tabber, The Nightcap · Tags ADC, AIG, AINV, ALLY, ASEI, BAC, BBY, BKE, BONT, C, CHK, CMCO, CPF, CRM, CVA, DKS, DLR, DLTR, DOC, ENBL, ESI, EVAR, EVR, EW, GTIV, HD, JPM, KIRK, LIQD, LOW, LTXC, MC, MKTO, MMYT, MNRO, MOV, NGVC, NMBL, NUVA, OGE, PCG, PDCO, PEGA, PERY, PLCE, POT, POWR, QSII, RICE, RJF, SBAC, SGY, SHLD, SMRT, SNDK, TJX, TSRE, TTC, TWMC, UHS, UPL, URBN, VRX, WBC, WUBA, XOM

Low volume rally led by Russell 2K

Posted by Admin on May 19, 2014

Index & Sector performance 5/20/14 The Market: An overall light volume day was led to the upside by the Russell 2000 followed by the NASDAQ 100. In individual sectors, Utilities (XLU) led to the downside followed by the Consumer Staples (XLP) while the transportation index was the largest gainer with components Matson (MATX) and JetBlue (JBLU) up the most gaining 3.05% and 2.42% respectively. MATX and JBLU both appear to be viable long trade candidates going forward. This is an extremely quiet Economic data week with a lot of Fed speak. Earnings will play a role for individual stocks so…

Category Tabber, The Nightcap · Tags ABT, AINV, ALTR, AMBA, APOG, AR, ARCP, ATHL, ATK, ATO, BECN, BIN, BKD, BRCM, CATO, CFN, CHK, CHL, CMGE, CNC, COP, DCI, DECK, DIS, DKS, DLR, DO, ESV, ETFC, EXXI, FI, FPI, GLOG, GMO, GNW, HBI, HCLP, HD, HGG, HPQ, IRWD, ITMN, JBLU, KANG, KEYW, KMB, LGIH, LMAT, LMCA, LPX, MATX, MDT, MIND, MO, MON, MSTR, MTG, MU, NVDA, ORCL, PGEM, RDN, RRGB, SABR, SBRA, SKX, SM, SNX, SPLS, SSI, T, THR, TJX, TRBAA, TXN, VFC, VIAB, VIPS, WPX, ZMH

Strong start with new highs

Posted by Admin on May 12, 2014

Index & Sector performance 5/12/14 The Market: A strong start to the week as a broad based rally in the market was led by the Russell 2000 (IWM) up 2.27% and the NASDAQ 100 (QQQ) up 1.65% while the Dow and S&P reached new closing highs. The two stand out sectors were Retail (XRT) and the Transportation (IYT) while the Utilities (XLU) lagged closing down 0.92% but remain the largest gainer YTD. We have much more economic data this week and tomorrow all eyes will be on Retail Sales which is released before the open. Headline sales are expected up…

Category Tabber, The Nightcap · Tags AAN, ACT, AETI, AHH, AHT, APO, ARTX, AYR, BDBD, BTU, CAR, CG, CIO, CPE, CPN, CRDC, CSCO, CSII, CUZ, DCIX, DE, DISH, DKS, EA, ELGX, ESNT, FIBK, FOSL, FRT, HLT, HOLX, IBP, IDRA, IM, INSY, IRDM, KKR, MC, MNK, MTB, NAVI, NEO, NMBL, NRG, OMC, OMEX, OPB, OPHT, ORA, OSIR, P, PACW, PAYC, PF, PLUS, QCOR, REN, RICE, RL, RNF, RSPP, RTK, SIRO, SNX, SPWH, SSYS, TCB, TGTX, THRM, TRIV, TRV, TWTR, USAT, VTL, WB, WIX, WR

Tech stocks lead sell-off

Posted by Admin on May 6, 2014

Index & Sector performance 5/6/14 The Market: Last night we noted 1872ES as a key level to watch. If it held as overnight support then the index could look to target Friday’s 1886ES highs but if lost then we could see Monday’s lows of 1860.50ES tested and then 1850ES. In overnight trading the S&P was only able to reach 1881.50ES falling short of Friday’s highs and by the open the futures were sitting at our key 1872ES level. After some initial jostling around the 1872ES level, the index started to roll over in midday trading reaching as low as…

Category Tabber, The Nightcap · Tags AGN, AIV, AOL, APC, ARIA, ARQL, ATHN, AVA, AYR, BAM, BBG, BHI, BSFT, BXP, CERU, CFN, CHK, CLH, CLMT, CLR, COWN, CTRP, CTSH, CXO, DATA, DCT, DUK, DVN, DWA, EGP, EMES, END, EOG, FPI, GDP, GIL, GTE, GTIV, HAL, HEAR, HNT, HST, HTZ, HUM, INTL, IPWR, KBR, KING, KN, LAMR, LCI, LGND, LPT, LUV, MDLZ, MEMP, MVG, NAVB, NCMI, NLS, NTLS, OAS, P, PAHC, POM, PQ, PRGO, RAS, RIGL, ROC, RRC, SALE, SBGI, SCHW, SE, SFUN, SGEN, SILC, SLB, SMG, SNSS, STAY, SUSS, SYNA, T, TAP, TAST, TGT, TKR, TMHC, TNET, TREX, TS, TWTR, VLO, VOYA, VSI, VSTM, WBAI, WPX, WRES, XEC, YELP, ZOES

S&P takes back overnight losses plus

Posted by Admin on May 5, 2014

Index & Sector performance 5/5/14 The Market: The S&P futures moved lower in the Sunday overnight session attributed to weak economic data out of China as well continued unrest in Ukraine. The futures continued lower throughout early trading Monday but found a bottom right at the open on an initial spike lower to 1860.50ES which was quickly bought and the index started a march higher reaching 1880ES by 2:30 pm ET. The index spent the last hour consolidating the near 20 point intraday rally. If 1872ES holds in overnight trading it appears the index could look to make a move…

Category Tabber, The Nightcap · Tags AAPL, ACM, ACOR, ADMS, AEGR, AEL, AEM, AER, AINV, AKRX, AME, AMRI, AMT, ARCC, ARCO, ARIA, ARW, ATHM, BA, BBG, BBT, BEAV, BOFI, BRCD, CBOE, CBT, CEQP, CJES, CLH, CMG, CMLP, CNK, COCO, COP, CRM, CRTO, CRZO, CUBE, CVA, CVD, CVS, DIS, DISCA, DNR, DRC, DTV, DWRE, EDU, EL, EMR, EXH, EXR, FE, FEIC, FEYE, FUEL, GDP, GIL, H, HCLP, HCP, HEAR, HFC, HP, HPT, HSH, HSIC, HST, IFF, IQNT, KING, KOG, KWK, LII, LJPC, LLL, LNG, LQ, LRE, MCEP, MD, MM, MMP, MNTA, MONT, MPW, MRC, MTZ, NBR, NRG, NTI, NUS, OAK, ODP, OZM, PDCE, PEG, PKI, PQ, PSDV, RDC, RHP, RXII, SBAC, SC, SNDK, SO, SPR, SUSS, TAST, TDG, THRM, TLMR, TMH, TSRA, TW, TWX, VMC, VRTS, VSH, VTG, WCC, WCG, WNR, WTS, XRAY, ZBRA, ZTS, ZUMZ

GDP disappoints but market ignores

Posted by Admin on April 30, 2014

Index & Sector performance 4/30/14 The Market: As you can see in the table below, the U.S. Q1 GDP number came in well below expectations. While Q1 was not expected to be a high growth quarter, clearly analysts did not expect a near negative number. Certainly the colder than expected weather could have and likely did play a role but on our opinion you cannot completely blame a miss like this on the weather. So why might traders and investors be willing to look past this data besides the weather? Possibly because a number like this allows the Fed to…

Category Tabber, The Nightcap · Tags ABMD, ACE, AFL, AFOP, AFSI, AGCO, ALLY, AMC, AMG, AMT, ANR, ANSS, APAM, ARG, AUXL, AVP, AWAY, BDX, BG, BGCP, BHI, BKCC, BLL, BWA, BZH, CAH, CERN, CI, CIE, CLD, CLVS, CLX, CME, CMI, CNP, CNX, COH, COLM, COP, CPN, CROX, CSCD, CTRX, CVI, DDD, DPZ, EIX, ENDP, EPB, EPD, ESV, EXAS, FCH, FCN, FIG, FIS, FRGI, FSS, FTK, GNRC, HAR, HCA, HD, HST, IDCC, IIVI, INCY, IQNT, IRDM, IRM, IT, ITC, ITT, IVZ, JAH, K, KLIC, KMT, KRC, LAZ, LHO, LII, LINE, LLL, LM, LNCO, LOGM, MA, MAR, MD, MDC, MEOH, MERC, MFA, MGM, MOD, MPC, MRK, MSI, MTOR, MWE, MWW, MYL, NDAQ, NGLS, NICE, NLSN, NNN, NUVA, O, OCN, OGE, ORB, ORCL, PCG, PCRX, PDS, PEG, PES, PPL, PRLB, PWR, Q, REXX, RFMD, RFP, RGLD, RJET, RM, RRD, SBH, SFY, SHOO, SNMX, STBA, STM, STRZA, SWC, TBBK, TCBI, TEVA, THLD, THRM, TMH, TMUS, TQNT, TRIB, TXT, UA, UPL, VG, VIAB, VICL, VIPS, VLO, WDR, WLT, WST, WWE, XEL, XOM, XYL, YRCW

Intraday swing leave only small gains

Posted by Admin on April 28, 2014

Index & Sector performance 4/28/14 The Market: After moving slightly higher in the overnight and early trading, the S&P 500 quickly dropped in the midday session before finding a bottom around 1:30 pm ET. While the S&P fell a few points short of making it back to the earlier intraday highs, it did manage to post a small gain on the day. The Dow led the major indices helped by a 4.2% gain from Pfizer (PFE) while the Russell 2000 closed slightly down on the day. Many big name stocks in the news including the aforementioned Pfizer (PFE) who…

Category Tabber, The Nightcap · Tags ADM, ADSK, AEP, AGCO, AGN, ALK, ALR, ALTR, AMG, AON, APD, ARRY, AZN, BBRY, BCE, BHI, BKW, BMY, BRK.B, BSX, CFX, CHKP, CIT, CL, CLH, CMI, CMLS, CNX, COH, CORI, CRTO, CTL, CTXS, DBD, DDD, DECK, DWA, EMN, EQM, ESV, ETN, F, FLIR, FRX, GAIA, GAS, GEO, GILD, GPOR, GST, GT, GTLS, HCA, HCBK, HIBB, HOG, HOS, HOT, HRS, HUN, HW, IPGP, IRWD, KLIC, LCNB, LEA, LKQ, LYB, MCBC, MDCA, MGI, MGM, MHFI, MLM, MOG.A, MRK, MTH, NU, OSK, PBH, PCAR, PES, PFE, PH, PNRA, POR, RBA, ROK, RRST, RUBI, RYN, S, SAIA, SAVE, SGMS, SLAB, SPN, ST, TEDU, TROW, TRW, TWC, UDR, UHS, USG, UTHR, VLO, WAIR, WAL, WAT, WDR, WFT, WLT, WWW, XYL

Nasdaq & Russell lead indices lower

Posted by Admin on April 25, 2014

Index & Sector performance 4/25/14 The Market: All the major indices were down in Friday’s action with the Nasdaq 100 (QQQ) and Russell 2000 (IWM) leading the way lower. In individual sectors the Transportation index (IYT) and Consumer Discretionary (XLY) were the biggest losers. The transports are an interesting case as they were one of the sectors making new highs recently but after an outside day yesterday the index followed through strongly to the downside today. Leading the index lower was JetBlue (JBLU) closing down 5.38%. After missing EPS yesterday, Reuters announced today that the Flight attendants will be looking…

Category Tabber, The Nightcap · Tags AAL, ACN, ADI, AET, ALGT, AMZN, AWI, BEN, BFAM, BIDU, BIG, BLRX, BRCM, BWP, CAT, CELG, CFFN, CHTR, CNO, COG, CRI, CRR, CRUS, CUDA, CYOU, CYTK, DECK, DHI, DV, DWA, ECHO, ECL, EDR, EDU, EQM, FBC, FIBK, FITB, FMBI, FRME, FTI, GIMO, GLW, GM, GMAN, HAE, HBI, HILL, HWAY, JBLU, KLAC, L, LAMR, LH, LIN, LLTC, LSTR, LTM, LVS, MCGC, MSFT, MXIM, NBL, NNA, NORD, NOV, NTCT, NTGR, NXPI, ONB, RGDO, ROP, RTIX, SFG, SIGI, SOHU, SYNA, SYRG, TEN, TKR, TROW, TRXC, TWC, UA, USG, WFC, ZMH

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