Week starts slow – GS grounds BA

Posted by Admin on February 23, 2015

Index & Sector performance 2/23/15 The Market: Overall a flat session with the NASDAQ (QQQ) and Russell 2000 (IWM) finishing slightly higher while the Dow (DIA) and S&P 500 (SPY) finished lower. The main drag on the DIA today was Boeing (BA) which finished down 2.26% after Goldman downgraded the name to Sell with a $132 price target. In individual sectors it was a mixed bag with the Industrials (XLI) leading to the downside finishing down 0.43% while the Utilities (XLU) led to the upside finishing up 0.68%. As we posted tonight in the Charts section, the XLU held a…

Category Tabber, The Nightcap · Tags ALKS, ALL, ALX, AMD, AMT, APRI, ARMH, ASND, AXLL, AXTA, BA, BAS, BCC, BEE, BRCM, CBI, CBRL, CCS, CEQP, CF, CHS, CL, CLDT, CLDX, CLVS, CMCSA, CNI, CNX, COG, COMM, CP, CRZO, CSX, CYBR, DCI, DDD, DE, DG, DGX, DPZ, DRH, ECL, ENSG, ENTL, EOG, EPE, EXAS, FISV, FLEX, FLKS, FUEL, GTLS, HCN, HD, HUM, I, IBKR, IMS, INCY, INTC, INVN, IPGP, IPXL, KSU, LDRH, LENS, LH, M, MAR, MAT, MHK, MNKD, MRC, MTBC, MZOR, NANO, NEM, NGD, NMBL, NSC, ODP, OFC, PANW, PCP, PCRX, PEG, PENN, PF, PLL, PPO, QLIK, RAI, RAS, RDS.A, RLGY, ROSE, SAFM, SBAC, SCMP, SERV, SHOO, SLXP, SPN, SPPI, SPWR, SUI, SXL, TDC, TFX, THRM, TOL, TOT, TSO, TSRO, UACL, UNP, UNT, UTHR, VAL, VMC, VRX, VSI, WASH, WIN, WLK, WPC, XPO, ZINC, ZSAN

BIIB helps XLV finish up over 26% YTD

Posted by Admin on December 2, 2014

Index & Sector performance 12/2/14 The Market: It was a solid session following Monday’s drop with the Russell 2000 (IWM) clearly leading and with advancers leading decliners by roughly 2:1. In Individual sectors it was Transportation (IYT) leading up 1.18% followed closely by Energy (XLE), which is still trying to recover from Friday’s big gap down, up 1.16%, and lastly HealthCare (XLV) which finished 1.12% higher and is now up over 26% year-to-date. Helping the XLV today was Biogen Idec (BIIB) which gained 6.43% on positive results from an early-stage Alzheimer’s drug trial. BIIB is a name to watch. Above…

Category Tabber, The Nightcap · Tags AAL, AAPL, AGIO, AMAG, AMT, ANF, APA, AVGO, AVID, BBG, BEAV, BIIB, CB, CCI, CERN, CERS, CHRS, CODE, CPE, CPHD, CRM, CUB, CWEI, CY, DATA, DOV, DYAX, EA, EMES, ESTE, FANG, FDX, FF, FRPT, FSC, FSIC, FUR, GIII, HDS, HPTX, HRB, HRC, IKGH, INCR, IRBT, ITT, KR, LDOS, LGND, LPI, LUV, MFRM, MLNX, MON, NANO, NCLH, ORCL, PAYC, PCLN, PH, REGI, REI, REXX, RSPP, S, SCOR, SIRO, SIVB, SNA, STT, TBK, TMUS, TRV, TTWO, UAL, VMW, VZ, WFT, XEL, XENE

Low vol narrow holiday trading range

Posted by Admin on November 25, 2014

Index & Sector performance 11/25/14 The Market: Another uneventful holiday trading session across all 4 major indices on the WSC Scoreboard. Action was also muted across the individual sectors with the exception of Energy (XLE) which lost 1.63%. For XLE traders our take is that the lows may hold but we would either be looking for an opportunity to buy lower or on a break above $89.25. In Economic data, estimated 3rd quarter GDP growth came in better than previously reported while Consumer Confidence and the Richmond Manufacturing Index both missed expectations. Tomorrow there is a slew of data including…

Category Tabber, The Nightcap · Tags AAPL, ABAX, ACE, AMBR, AMT, APA, AVGO, AVIV, BBW, BEAV, BIN, BKU, BMRN, BRCD, BYD, CASY, CYBR, DE, DSGX, ECPG, ESS, EVR, FMX, FSAM, GLNG, GMLP, HMST, JACK, JBLU, KCG, KOF, LEN, MANT, MDT, MHR, NDLS, NFLX, NLNK, NPD, NUS, OPY, OUTR, P, PANW, PFMT, PJC, PNK, PRAA, PZZA, RHI, RJF, SF, SOL, SQI, TDY, TEVA, TJX, TUP, UNT, URI, VRTV, VTNR, WDAY, WERN, WPZ

Russell leads overall dull session

Posted by Admin on November 24, 2014

Index & Sector performance 11/24/14 The Market: An overall dull session with the S&P 500 (SPY) and Dow (DIA) barely moving while the NASDAQ (QQQ) and Russell 2000 (IWM) led. As is expected for the remainder of this shortened holiday week, volume was very light. In individual sectors it was Retail (XRT) posting another great session up 1.32%. Today the index was greatly helped by Outerwall (OUTR), operators of Coinstar and Redbox, which finished up 12.32%. Also chipping in was Best Buy (BBY) up 2.29% and Foot Locker (FL) up 3.45%. After spending much of the year down, the XRT…

Category Tabber, The Nightcap · Tags AAPL, ALG, AMC, AMT, APA, ARUN, AUQ, AWAY, BBVA, BBY, BEAV, BECN, BERY, BIIB, BIOA, BLOX, BOOT, CBI, CHS, COH, COST, CPA, CPB, CSCO, CVX, DANG, DE, DENN, DISH, DSW, DSX, EEFT, EPE, ESTE, EV, EVTC, EXPE, FL, FOXA, FSAM, GLNG, GPN, GTY, HAIN, HES, HIBB, HPQ, HRL, IMPV, JEC, JMEI, KATE, KMT, KRG, LCI, LL, LOW, LUV, MAC, MOFG, MOV, MUR, NOV, NTK, OUTR, OWW, OXY, PAAS, PDCE, PLL, POT, PRGO, RCPT, REI, RGLS, SCTY, SFNC, SHLX, SIEN, SIG, SPF, SVM, SYK, TCPC, TFM, TIF, TRIP, TSEM, TTC, TYC, UAL, UDR, VAL, VZ, WAIR, WB, WBMD, WFM, WR, XCRA, XOM, YGE, ZAYO, ZBRA

Quiet start to the month

Posted by Admin on November 3, 2014

Index & Sector performance 11/3/14 The Market: The market started the day slightly higher building on last week’s extremely strong session but the market ran out of steam in the short term and the S&P 500 started pulling back in afternoon trading finishing flat on the session. All in all it was a low volume quiet session but the Bulls can point to the fact that they didn’t give ground after reaching new highs. We do not expect the remainder of the month to be as quiet as today and would plan for swings in both directions much like October…

Category Tabber, The Nightcap · Tags AAP, ABX, ACHC, ACN, AER, AES, AFOP, AFSI, AKR, AKS, AMRE, AMT, AMTD, ANET, ARCC, ARCO, ARRY, ATEN, ATK, ATNI, AVIV, AYR, BABA, BCOR, BDX, BKW, BLK, BLMN, BXE, CBS, CCG, CCI, CFG, CIE, CLDT, CNX, COMM, CPT, CVD, CVO, CVS, D, DISCA, DISH, DRH, DWRE, EGOV, EL, ELLI, EMN, EMR, EPE, ERJ, ETE, ETP, ETR, EXH, FB, FE, FRAN, FRM, FRT, GDP, GOOG, GOV, GPT, GPX, HCCI, HCLP, HCN, HCP, HMSY, HOLX, HPT, HPTX, HSNI, HUBS, HW, IACI, ICE, ICL, IFF, IP, IPXL, IRC, IRWD, KBR, KEG, KEYS, KLAC, KORS, KRC, LINE, LMCA, LNC, LNCO, LNKD, LRE, MATX, MCF, MERC, MFA, MSI, MTGE, MWW, NEWM, NGLS, NNN, NOV, NS, NSH, NTI, ODP, OLED, OZM, PCLN, PGTI, PPL, PRTK, QVCA, RCPT, REGN, RGLD, RGP, RGS, RHP, ROSE, RP, RRGB, SLCA, SNI, SPLK, SPR, SPW, SRE, TEVA, TICC, TIME, TJX, TRGP, TSO, TWC, TWTR, UNT, USDP, VLO, VMC, VSI, WETF, WLK, WNR, WPC, WRES, WSFS, WY, ZBRA, ZTS

Farewell QE3

Posted by Admin on October 29, 2014

Index & Sector performance 10/29/14 The Market: It was a relatively quiet session the majority of the day as traders were awaiting the 2pm FOMC rate decisions and statement. As was expected, the Fed ended QE3 but continued to note that rates would remain low for a “considerable period”. The initial reaction after the release was a move lower but the market had already been trending that way since the open and, after the initial drop, buyers stepped in and ultimately the indices closed only slightly lower. It was a mixed session across the WSC Scoreboard sectors with Materials (XLB)…

Category Tabber, The Nightcap · Tags ABC, ABT, ACIW, ACOR, ACPW, AFSI, AKRX, ALLE, AMAG, AMCX, AMGN, AMT, AMZN, ANR, APD, APO, ARCP, ASGN, AVB, AVNR, AVP, AZPN, BABA, BG, BGCP, BLL, BOOM, BWA, CAH, CBM, CBRL, CBS, CDR, CI, CLF, CME, CNC, CNSL, COP, CTRX, CVI, CVLT, CVRR, CYOU, DBD, DFT, DHX, DRQ, DST, DTE, DYAX, EBAY, EMES, EPD, EPIQ, EPR, ESV, EZCH, FB, FCH, FIG, FIS, FMSA, GBX, GEL, GILD, GK, GNC, GOV, GTI, GTLS, HAR, HCA, HCC, HEES, HLS, HST, IDCC, INCY, INGR, INSY, INVN, IQNT, IRDM, IRM, ITC, IVZ, JCI, JD, JMBA, K, KEYW, KMT, KORS, LAD, LECO, LIQD, LKQ, LLL, LPLA, LRN, MA, MAR, MAS, MCK, MD, MDC, MDXG, MGM, MO, MPC, MPW, MSCI, MSM, MTSC, MTW, NAO, NBL, NI, NOV, NVCN, NYT, OCN, ODFL, OI, PBF, PBI, PCG, PCRX, PEG, PES, PH, PTSI, Q, RAS, RDEN, RDN, RDWR, RGLD, SAIA, SAVE, SCG, SERV, SHOO, SMA, SNCR, SSB, STRZA, SUI, SWI, TASR, THRM, TMUS, TWC, ULTI, UNIS, UPL, VALE, VIPS, VNTV, VRTX, VVTV, WHR, WLT, WST, WWE, XEL, XOOM, YHOO, ZAYO, ZLTQ

Tech & Small cap trend change?

Posted by Admin on September 3, 2014

Index & Sector performance 9/3/14 The Market: While the Dow (DIA) and S&P 500 (SPY) closed essentially flat, the Nasdaq (QQQ) and Russell 2000 (IWM) both finished decisively lower. In addition the technical action in both the QQQ and IWM is concerning as both started the day gaping above the previous day’s highs to only then sell off the remainder of the day finishing below the previous day’s lows. Those into candlestick charting will recognize this as an Engulfing pattern and can signal a change in trend. In individual sectors it the Utilities (XLU) leading the charge finishing the day…

Category Tabber, The Nightcap · Tags AGI, AMBA, AMSG, AMT, ATHL, AUQ, AVNW, BAC, CBOE, CENX, CHRW, CHS, CIEN, CLD, CMO, CNK, CNQR, CONN, CPE, CYS, DGX, ECHO, ESV, EXAS, FTR, GSVC, HOV, HT, HURC, INFI, JOY, JPM, KNX, KSS, LL, LRE, MEI, MFRM, MTBC, NCLH, NGD, OEC, ORC, OTTR, OUTR, PAY, PCG, PMC, PPBI, PPP, RCL, RPRX, SALT, SBLK, SFG, SQBK, TMH, TTPH, UCFC, UTIW, VLCCF, WMS

Argentina default rattles global markets

Posted by Admin on July 31, 2014

Index & Sector performance 7/31/14 The Market: A sea of red today on the WSC Scoreboard with all 4 major indices closing strongly lower led by the Russell 2000 (IWM). Major media outlets pointed to weakness overnight in International markets caused by Argentina’s default. Looking at the technicals, the S&P 500 (SPY) and the Dow (DIA) both clearly lost their 50 day moving averages on a closing basis and did so on an increase in volume. The NASDAQ (QQQ), which has been this year’s strongest performer, is still a few percent above the 50’s while the Russell 2000 (IWM) has…

Category Tabber, The Nightcap · Tags ACHC, AET, AMT, ASGN, BAH, BBSI, BEN, BHB, BOKF, BWLD, CAVM, CCG, CLF, CNC, CODE, CTRP, CYN, DDR, DRII, ECL, EQIX, EROS, EVER, FOXF, GFIG, GLUU, HAE, HBAN, HCA, HES, IACI, ICLR, IPHI, ISIL, KAI, KEX, KORS, KRFT, LLL, LLY, LPLA, LRCX, LULU, MAR, MET, MINI, MOBL, NOW, NTK, OTEX, QCOM, RJF, RKUS, RYAM, SGNT, SIMG, SLCA, SLM, SM, SODA, SPB, TRN, TTEK, WDC, WFM, WIN, WLL, WLP, X, XNET, YELP

Market lower & Energy higher on week

Posted by Admin on June 13, 2014

Index & Sector performance 6/13/14 The Market: After logging a close outside of the Weekly (20, 2, -2) Bollinger Bands in the S&P 500 last week, the S&P 500 finished this week slightly lower. As we noted last week when it happened, this is a noteworthy event to track in our opinion because it has led to multi-week/month counter trend moves and remains one reason we continue to cautious on the broad market at this time. While most of the sectors from the WSC Scoreboard finished the trading session higher, it was again Energy (XLE) leading the charge closing up nearly…

Category Tabber, The Nightcap · Tags ABGB, ADS, AMT, ANET, ARAY, ATR, BLL, BRC, CCG, CCI, CDE, CMCM, CNAT, CNW, CODE, COP, CSH, EDR, EXPR, FIO, FNSR, GEF, HL, INTC, LIQD, LKFN, LULU, MDSO, MRO, MRVL, NMBL, OI, OXY, PCYG, PF, PFSI, PVA, RAX, RHI, SBAC, SC, SFUN, SLXP, SON, SRCL, STNG, SXE, TIME, XPO, ZU

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

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