Merger Monday doesn’t help market

Posted by Admin on November 17, 2014

Index & Sector performance 11/17/14 The Market: Despite a very active M&A session, it was yet another very tight trading range in the S&P 500 while the NASDAQ (QQQ) lagged and the Russell 2000 (IWM) led to the downside. In deals we saw Allergan (AGN) agree to be acquired by Actavis (ACT) for a combination of cash and ACT stock which totaled $219 per share. Valeant Pharmaceuticals (VRX) who had also been trying to buy AGN stepped aside not feeling comfortable they could justify the valuation to shareholders. Two more big names in M&A news as Halliburton (HAL) announced it…

Category Tabber, The Nightcap · Tags AAP, AAPL, ABY, ACRE, ACT, ADT, AEG, AFSI, AGN, ALB, ALDW, ALGT, ALIM, ALL, ALNY, ANF, APOG, AR, ATK, BBY, BCC, BHI, BITA, BLOX, BRX, BXP, CHK, CLDX, CLH, CONE, CPXGF, CRM, CSTM, CUBE, CUDA, DBVT, DKS, DNR, DRI, ECC, ECR, ENVA, EPAM, EXR, FENG, FES, FNSR, FOLD, GLRI, HAL, HBI, HD, HL, HTZ, IMPV, JASO, JDSU, JGW, KERX, KITE, KMX, KNOP, LEAF, MANU, MDAS, MDLY, MDT, MELI, MHFI, MIK, MRC, MRVL, MSTX, MTD, MTG, MTZ, NWE, ODP, ORBK, OZRK, PANW, PF, PFLT, PG, PRTO, PSA, PSX, PTN, RIGP, ROG, RPAI, RSE, RYN, SDPI, SFXE, SMCI, SPWR, SSS, SXL, SYNA, TCO, TDG, TJX, TRIP, TTEK, TUBE, TXRH, VJET, VOLC, VOYA, VRX, VVTV, WWD, XOOM, YOKU

ECB helps U.S. Dollar & market higher

Posted by Admin on November 6, 2014

Index & Sector performance 11/6/14 The Market: Comments from ECB President Mario Draghi suggesting that the central bank is committed to stimulating the region’s economy helped send the S&P 500 (SPY) and the U.S. Dollar higher on the session. As would be expected the Euro/Dollar cross was under pressure finishing the U.S. trading session at new 2 year lows. A strong dollar is not a bad thing and increases global purchasing power of U.S. companies and individuals. However, as we saw recently with the Trade Balance, a strong dollar can hurt exports. Coupled with concerns over crude oil’s recent decline…

Category Tabber, The Nightcap · Tags ACRX, ACT, AGIO, AMZG, ANSS, AXLL, BAM, BPL, CBS, CCOI, CDTI, CLH, CLNY, CMLP, CMRX, CSOD, CSTE, CTB, CXO, DATA, DKL, DUK, EBIX, EOG, FANG, FEYE, FOXF, FRGI, HRL, HUM, ICE, ICPT, IDRA, IRWD, ISIS, IT, LPI, LXP, MDLZ, MDR, MHR, NICE, NP, NXPI, NXST, OAS, PDII, PGNX, PLNR, PPO, PRA, PSDV, PXD, QCOM, REXX, RIG, RKUS, SCTY, SKUL, SLW, SSP, SSYS, STAY, STBA, STNG, SWIR, SYKE, SYMC, SZYM, TEAR, TNGO, TSLA, TTI, TWX, VIVO, WFM, WMS, WWWW, WYNN, Z

Global economic growth concerns weigh on market

Posted by Admin on November 4, 2014

Index & Sector performance 11/4/14 The Market: Today’s session ultimately finished narrowly lower with the Dow (DIA) managing to close ever so slightly higher. Midday the damage was worse as traders pointed to the European Commissions cutting growth and inflation forecasts but after the European exchanges closed the U.S. found a bottom and drifted higher into the close. In individual sectors it was again Energy (XLE) which led the way lower finishing down 2.06% as crude oil traded as low as $75.84/ barrel after Saudi Arabia announced it was cutting prices on oil exports to the U.S. Traders are cautious…

Category Tabber, The Nightcap · Tags A, ACT, AKAO, AMRI, ANR, ANSS, APC, ARIA, ATHM, AVA, AVNR, AXAS, BBEP, BLDP, BRDR, CBB, CBST, CEQP, CHK, CKP, CLH, CMLP, CNP, COV, CQB, CTAS, CTSH, CVD, CYTK, DISCA, DMRC, DNR, DUK, DVAX, DWCH, ECOL, EGN, EMN, ENDP, ENDRQ, FSS, FTR, GEL, GLDD, GTN, GVA, HFC, HL, HLF, HRC, ININ, KEG, KORS, KRG, LAMR, LB, LCI, LDOS, LF, LL, LPX, LVLT, MDLZ, MEMP, MEP, MGI, MKC, MNTA, MRD, MVIS, NAVI, NCMI, NLS, NMM, NOK, NRG, NSP, NTRI, NUS, OGE, PAH, PENN, PFSI, PLAY, PWR, QLYS, QTS, RCAP, RDC, RLGY, ROC, RRD, RTEC, SALE, SBGI, SE, SFS, SLM, SMG, SPN, SPNC, SSYS, STE, SWC, TEVA, TMHC, TMUS, TTPH, TVPT, TW, TWX, UPL, VG, VLY, VOYA, VSI, WCG, WMC, WPX, WTR, XEL

China growth concerns weigh on market

Posted by Admin on September 22, 2014

Index & Sector performance 9/22/14 The Market: The markets started the week off lower with many pointing to weak economic data out of China as well as comments from the Chinese finance minister stating there will be no major policy adjustments as the cause. Leading the way lower was the Russell 2000 (IWM) which remains the clear underperfomer for the year with the Dow (DIA) not too far behind but at least positive YTD. Multiple sectors closed the day down over 1% with Retail (XRT) leading the way finishing the session 1.59% lower. The XRT is now again over 1%…

Category Tabber, The Nightcap · Tags AA, AAPL, ABT, ACT, AMGN, AUXL, BABA, BBG, BLUE, CELG, CLR, CNQR, COUTR, CRR, CVA, DNB, DOC, DRC, ECL, ERF, FINL, HE, HUM, INVN, KERX, KEX, LEG, LNN, LVS, MA, MDU, MKTO, MNST, MPEL, MTZ, NEWM, NNN, NOK, PANW, PEG, POL, PRGO, PRMW, RBC, RS, SABA, SIAL, SIRO, SRE, STLD, THS, V, VMI, WAG, WLP, WTS, XPO, YHOO

Markets stop slide, fight back

Posted by Admin on August 4, 2014

Index & Sector performance 8/4/14 The Market: After two strong down days, all 4 indices on the WSC Scoreboard managed to find bottoms and rally with the Russell 2000 (IWM) leading the charge finishing the day 0.89% higher. One note of caution, volume was on the light side when compared to the previous two sessions. Our suggestion would be to watch the first major pullback after today’s move. If it is orderly then the market likely has unfinished business to the upside, otherwise we will likely see another push lower. In individual sectors it was green across the board except…

Category Tabber, The Nightcap · Tags ACM, ACT, ADM, AEE, AEP, AJG, AKRX, AL, ALU, AME, AMRI, AMSC, ANSS, ARCC, ARQL, AWI, BBG, BBW, BCRX, BLMN, BOTA, BXP, BYI, CAH, CCO, CENX, CHTR, CIE, CNK, CNQR, COH, CRZO, CTRX, CVC, CVS, CVX, CYH, DO, DPZ, DRC, DRII, DSCO, DTV, DWRE, ELX, EMR, END, EQT, ESV, EXH, EXPE, FE, FISV, FLT, GPN, GPRE, GTIV, GTXI, HCLP, HCP, HK, HLT, IFF, IIN, INFI, IRT, IT, KOG, KWK, LII, LINTA, LJPC, LMCA, LOPE, LPX, LVNTA, MDVN, MEG, MGM, MLNX, MMP, MOS, MRC, MSI, MWW, NE, NGLS, NGVC, NNN, NTI, ODP, OIS, OPB, OXY, OZM, PEGI, QLGC, REGN, RHP, RIG, RIGL, RPXC, SNSS, SPG, SPR, STLD, SYRG, TDG, TIME, TMH, TMUS, TRGP, VMC, VSI, VTG, WEX, WLK, WNR, WPC, WY, X, ZBRA, ZTS

Utilities big loser ahead of Jobs data

Posted by Admin on July 2, 2014

Index & Sector performance 7/2/14 The Market: The WSC Scoreboard was relatively flat to mixed with the Dow (DIA), S&P 500 (SPY), and NASDAQ (QQQ) closing slightly higher while the Russell 2000 (IWM) finished 0.35% lower. In individual sectors, the Utilities (XLU) stood out as the biggest loser finishing 1.99% lower on the day and appears vulnerable to even more downside action after being the leader so far in 2014. Every stock in the XLU finished down on the day with some finishing down over 3% including Exelon (EXC), FirstEnergy (FE), and Entergy (ETR) down 3.11%, 3.50%, and 3.25% respectively. …

Category Tabber, The Nightcap · Tags AAL, AAPL, ABBV, ACT, AMAT, APL, ATLS, AWI, BBSI, BHI, BLRX, BMY, BZH, CFX, CRTO, CRZO, CSIQ, CSTE, CXO, DDD, DIS, DRWI, ENPH, ENV, EOG, EPB, ETN, ETR, EXC, FBHS, FE, FTNT, GLUU, HIW, HRL, IBCP, ICPT, IPG, ISCA, JDSU, LLY, LMCA, MAS, MCF, MM, MRK, MW, NGLS, OC, OHI, ORCL, PANW, PFE, PINC, PKD, PKE, PLT, RGSE, SCTY, SSYS, STCK, STEM, SUNE, SWK, SXE, TGTX, TRGP, TWX, URBN, USB, USG, UUUU, VET, VIPS, WBMD

Fed helps S&P to new highs

Posted by Admin on June 18, 2014

Index & Sector performance 6/18/14 The Market: After what amounted to a roughly 1.5% correction from the 6/9/14 highs to the 6/12/14 lows, the S&P 500 has since rallied and as of today’s close made a new intraday and closing all time high. The majority of the gains were realized after the FOMC statement and rate decision where the Fed left the rate unchanged and lowered monthly bond purchases by $10B. We have taken a cautious stance on the broad market since 6/6/14 due to multiple overbought conditions across multiple time frames. While the pullback from 6/9 – 6/12/14 helped…

Category Tabber, The Nightcap · Tags ACT, ADBE, AEGN, ALLE, ANET, BBRY, BCR, BEN, BLDP, CBI, CBRL, CGEN, CLB, CLDT, COV, CSCO, DMND, DTV, ECYT, ETRM, GDP, GLNG, GLPI, GNC, GRMN, HAL, IHS, INGR, IRWD, ISIL, JMEI, KBR, KR, LE, MCRS, MDT, MEET, MPEL, NBBC, NDSN, NES, NGVC, NMBL, OAS, OUTR, P, RAD, RNA, SDPI, SMLP, SPWR, TIVO, TOUR, TSN, USAC, WAG, WMB, WTR, WU, XOOM

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

Stong gains for shortened Op-Ex week

Posted by Admin on April 16, 2014

Index & Sector performance 4/16/14 The Market: From our recap Monday we noted that while the market still appeared vulnerable to the downside, we would also not be surprised to see oversold short term levels and the shortened holiday trading week provide a bounce. We did not at that time realize that we would get both the downside and the rally all in one day but that is in fact what happened on Tuesday and today was a follow-through on that action. Tomorrow is the last day of trading for the week since the market is closed Friday in observance…

Category Tabber, The Nightcap · Tags ACT, ADS, AGN, AINV, AMZN, AN, AQXP, ATEN, BAX, BBT, BCO, BHI, BLK, BX, CHYR, CMG, COL, CREE, CTRL, CY, DD, DHR, DMRC, DOV, EC, ENDP, FANG, FCS, FGL, FHN, FITB, FSGI, GDP, GE, GPC, GS, HK, HLSS, HON, HTZ, IMGN, INGR, INTC, JBLU, JNJ, KEY, KOP, LNC, MAT, MDWD, MRTN, MS, MSI, NMBL, NPBC, NPSP, NTAP, NTES, PDS, PEP, PM, PNFP, PPG, PVTB, REGN, RGA, SBGL, SC, SCHW, SFUN, SHW, SLB, SLXP, SNA, SON, SONC, SPN, TWC, UNFI, UNH, UNP, WBS, WHF, YELP, YHOO, YOKU

FOMC minutes ease market concerns

Posted by Admin on April 9, 2014

Index & Sector performance 4/9/14 The Market: After bottoming and bouncing in yesterday’s session, the S&P 500 futures spend the majority of the overnight session consolidating in a tight range. This lead to an early breakout, retest, and continuation higher but it was after the FOMC minutes were released at 2pm ET when the strongest gains were realized. Concern the Fed would be aggressive with rate hikes subsided and traders rewarded the market with 1+% gains across the board with the Nasdaq leading the charge up 1.7%. Next on the economic data schedule is Unemployment Claims which are released at…

Category Tabber, The Nightcap · Tags AA, ABC, ABCO, ACI, ACT, AEGN, AMID, AMRI, AMSG, ANR, APA, ARO, AVGO, BERY, BLL, BMRC, BMS, CBOE, CBSH, CG, CNX, CPHD, DHR, DRTX, DVN, FBHS, FDO, FEYE, FIBK, FLML, FNFG, GM, HCSG, HIBB, HSY, HWAY, IGTE, IP, JMP, KRC, KT, LNKD, MDAS, MGIC, MNK, NDAQ, NRG, NX, NXPI, OMCL, PENN, PIR, PKI, PZG, RAD, RKT, RXDX, TITN, VNO, VTNR, WLT, WR, YELP

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