XLE hit hard on overall mixed session

Posted by Admin on October 27, 2014

Index & Sector performance 10/27/14 The Market: A rumor Thursday of a doctor infected with the Ebola virus being rushed to an NYC hospital helped take the market off the highs and then in Thursday’s overnight session it was confirmed that the doctor indeed had Ebola which sent the futures spiking lower but by Friday morning they were off the lows from the overnight session and marched higher closing near Thursday’s intraday highs. Today was much more of a muted consolidation session with the S&P 500 cash index remaining within a roughly 13 point range which while not historically small…

Category Tabber, The Nightcap · Tags AA, AAN, ACI, ACW, AEP, AET, AGCO, ALR, AMBA, AME, AMGN, AMTD, AMZN, AN, APC, AUPH, BABA, BALT, BAS, BBT, BF.B, BMY, CACI, CALA, CEB, CIT, CIVI, CLR, CMCO, CMI, CNC, CNX, COG, COH, COMM, CSLT, CVA, CVLT, DD, DIN, DO, DPM, DSX, ECL, EME, EMES, ENTG, EPE, EQT, ESPR, EVDY, EZCH, F, FB, FCX, FET, FLIR, FLO, FLS, FLWS, FMER, FMSA, FNFG, FWRD, GLPI, GLW, GOOG, GPS, GRMN, HAL, HCA, HLSS, HOT, HRS, HTLD, ICON, IDXX, IHS, IIVI, ILMN, IMPR, IPGP, KLAC, KO, LEA, LH, LPI, LPNT, LVLT, MCGC, MDLZ, MDSO, MEP, MJN, MLM, MMC, MSM, MWV, NBL, NDRO, NEM, NGLS, NNA, NOW, OKE, OME, PCAR, PCG, PCP, PE, PES, PFE, PH, POR, PTEN, RAD, RAX, RGLD, SALT, SAVE, SCHN, SFL, SHW, SIRI, SNCR, ST, STE, SXC, TGTX, TKR, TRGP, TRS, TRW, TTS, TWI, UTHR, VBLT, VEEV, VSH, VSLR, W, WAB, WAGE, WBC, WBMD, WDR, WHR, WIRE, XYL, ZUMZ

Energy green in a sea of red

Posted by Admin on June 11, 2014

Index & Sector performance 6/11/14 The Market: As we noted late last week and reiterated in Monday’s report, the S&P 500 closed outside of its Weekly (20, 2, -2) Bollinger Bands which has previously lead to counter trend moves for a few weeks to months. While we respect the strong uptrend in the market, we also believe this is time to exercise caution on the long side, at least for the broad market. One additional note. While many market pundits in the media have been looking for pull back and becoming cautious recently, they also seem very willing to step…

Category Tabber, The Nightcap · Tags AAPL, ABR, ACHN, ALDR, AMTD, AMZN, ANGI, APC, AVNR, BA, BDN, BEAV, BID, BOBE, CHK, CMTL, COP, CPE, CVA, DCIX, DDD, DSX, DVN, EW, EXPE, FRAN, JMEI, KANG, MAR, MATR, MHFI, MRVL, MU, OCRX, PB, RAI, RGDO, SKUL, SNDK, SWKS, SYK, SYNA, TAP, TEU, THC, TOWR, TPLM, UNM, WLL

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

6 day win streak ends..new starts?

Posted by Admin on April 23, 2014

Index & Sector performance 4/23/14 The Market: Today’s session snapped a 6 day winning streak for the S&P 500 but the losses were small and maintained a very orderly structure throughout the day. In after hours trading, the futures traded sharply higher helped by Apple’s (AAPL) earnings which beat EPS and revenue along with announcing a 7 for 1 stock split, increase in the buyback, and an 8% increase in the dividend. With tonight’s overnight action, the S&P 500 is now closing in on the all time highs . Focus will continue to be on earnings especially with a very…

Category Tabber, The Nightcap · Tags AAL, AAPL, ABC, AEGN, AEM, AET, AGN, AKS, ALXN, AMAG, AMGN, AMX, AOS, APC, ATHN, AVT, BC, BCO, BHE, BKU, BLL, BMS, BTU, BVF, CAB, CAM, CAT, CBEY, CCE, CELG, CFX, CIR, CLI, CMS, COG, COMM, CREE, CSH, DFS, DFT, DGX, DHI, DLPH, DLX, DNKN, DO, DSX, DVN, EFX, ELS, EOG, EQT, ETR, FAF, FCFS, FCX, FNFG, GILD, GLF, GLMD, GM, GPK, GTI, HA, HAFC, HOG, HOT, HP, HSY, HXL, IART, IILG, ILMN, ITW, JBLU, KKR, LL, LLY, LO, LODE, LSTR, LTM, LUV, MBT, MCD, MDP, MDSO, MED, MJN, MMM, MO, NBL, NDAQ, NLSN, NUE, NVGS, NYT, ODFL, OI, OSTK, PDCE, PENN, PHM, PLD, PNR, PTEN, QSII, RCL, RS, RTN, RUSHA, RXN, RYL, SANM, SBNY, SCG, SIAL, SIRI, SKX, SLB, SMCI, SNP, SONS, SPWR, SWK, SWKS, SYRX, TBI, TCB, TE, TKR, TMK, TRV, TSLX, TWC, TWI, UA, UAL, UGI, UPS, USG, UTEK, UTX, VLO, VLY, VMW, VRX, VSI, VZ, WCC, WM, WWAV, WYN, XOOM, XRX, ZMH

S&P 500 remains above the 50 DSMA

Posted by Admin on April 7, 2014

Index & Sector performance 4/7/14 The Market: Friday’s selling action continues on Monday as the S&P 500 index lost roughly 20 points. Today’s lows in the SPDR S&P 500 ETF (SPY) correlated nicely with previous levers of reaction and the 50 day SMA. If this short term support is lost we could see the cash index next targeting $1800 and even $1650-1700. In the meantime, aggressive traders could look to use today’s lows as a level to trade again on the long side for a bounce. Reporting EPS 4/8/14 Pre-Market: Only one name of note reporting EPS tomorrow…

Category Tabber, The Nightcap · Tags AA, AAL, ADI, AEO, AGIO, AKAO, ANN, APC, APC SLB, AR, AVGO, AYI, BCR, BDX, BGS, BHI, C, CALX, CJES, CMA, CMP, CNVR, CODE, CPA, CSX, DPRX, EGN, FEYE, FUEL, GD, HAL, HFC, HTGC, IM, INTC, INVN, IPHI, IRS, ISCA, ISRG, JBLU, KMT, KND, LGIH, LGP, LII, LLL, LVS, MAT, MCHX, MGM, NEM, NFLX, NYCB, ONNN, OSK, P, PBF, RDC, RESCU, RNST, SBNY, SEM, SPF, TDG, TEVA, TEX, TRLA, UA, UPL, WSH, XLNX, YELP, ZMH

3 strong days higher

Posted by Admin on April 1, 2014

Index & Sector performance 4/1/14 The Market: Today’s early action targeted our highlighted region from last night’s update of $1875ES and then pulled back to support near $1870ES. Later in the day the market made another rally toward and pressed through $1875ES and now resides above in the after hours session. While we are starting to see some intraday negative divergences develop on the market which provide some caution to the recent strong 3 day rally, we fully expect the S&P 500 emini to challenge the highlighted resistance region of $1884-90ES in overnight or early morning trading. From there we…

Category Tabber, The Nightcap · Tags ACAS, ALK, AMTD, AMZG, APC, AQXP, ARCW, ARE, AYI, BBG, BEAM, BFAM, BGC, BPI DATA, CFR, CGIX, CLH, CMI, COUP, DLA, DRTX, EAC, EIX, EXTR, FC, FMBI, FULT, GST, HLS, HSTM, INFA, INVN, JASO, KEG, KERX, KND, LH, LNDC, LRE, MD, MET, MON, NBL, NCMI, NICE, NVDA, OAS, OMN, PCRX, PFIE, PFSI, PKOH, POT, PXD, RBCN, RSPP, RUSHA, STZ, TEVA, UAL, UNF, VOYA, VRNT, WBC, WDR, WLL, WNR

Choppy session ahead of Jobs

Posted by Admin on March 6, 2014

Index & Sector performance 3/6/14 The Market: Overall today was a choppy session which started with an overnight breakout which couldn’t gain steam and retraced back to the breakout levels in early morning trading. The market then found a bottom and rallied to the 1880ES pivot which acted as resistance twice finally sending the index back down toward the original breakout region in late day trading. We expect the choppy trading to continue until the Non-Farm payroll number tomorrow at 8:30am EST. We have consensus estimates currently at 151K with an Unemployment number of 6.6%. Below is a recap of…

Category Tabber, The Nightcap · Tags ADHD, ALDW, ANIP, APC, AUXL, AXLL, BIG, BIIB, BOBE, BRX, BXP, CAVM, CBG, CBST, CHDN, CLR, CMRX, COG, DISH, DRTX, ED, EVHC, FL, FRM, FULL, HEES, HP, HRTX, HTH, IPHI, ITCI, JLL, KIRK, KPTI, LJPC, LL, LOV, LOW, MRCC, MTRN, MWE, NGS, NHI, NM, NS, NTI, NYMT, OCIR, PLNR, PPHM, QTM, RIGL, RWT, SBLK, SUP, SWKS, SXE, THRM, TSCO, VLP, VNO, WMC, WX, YUM

S&P 500 narrowly escapes with a gain

Posted by Admin on October 9, 2013

Index & Sector performance 10/9/13 The Market: Rumors out of Washington have helped drive the indices of late as investors are looking for more information regarding the government shutdown as well as who may be replacing Ben Bernanke. News today broke that Janet Yellen will be the next Federal Reserve chairperson taking the place of Ben Bernanke at the end of January 2014. Initial opinions seemed to be that Yellen will continue on with a more dovish stance for the Fed. Today looked as though the market could not gain traction but at 11:30 am EST the market bottomed and…

Category Tabber, The Nightcap · Tags ABIO, ALJ, AMRN, AMTD, APC, ARIA, BEN, BG, BHI, BIDU, CALD, CBST, CELG, CLMS, DY, EOG, ETFC, GD, GDOT, GDP, GPN, GS, HAL, HAWK, HBHC, HES, HP, HPQ, IBKC, IBKR, IGTE, INTU, IP, JOSB, LNN, LRN, MAS, MASC, MCK, MU, MW, MYCC, NBR, NDAQ, NKE, NPSP, NXPI, OC, PIKE, Q, RT, SIVB, SLB, TCBI, TDW, TK, TSN, TSO, V, VAC, VIPS, VPHM, YHOO, YUM

US Government shuts down and gains open up

Posted by Admin on October 1, 2013

Index & Sector performance 10/01/13 The Market: The old market adage Buy the rumor and Sell the news is somewhat in affect here today with the markets reaction to the Government shutdown. As we noted in last night’s Game Plan, with the realization of the shutdown now in affect and the worry of the shutdown gone, short term longs would look for opportunity to trade a bounce. A gap up was quickly consolidated after roughly 30 minutes of trading and then pressed higher until 12:30 pm EST. After 12:30 there was a roll over which took the index down until…

Category Tabber, The Nightcap · Tags A, ABMD, ACOR, ACTV, AFL, AIXG, AON, APC, APOG, AREX, ARG, BBT, BECN, BKH, BPO, C, CERN, CODE, COST, CPHD, CREE, CRI, DECK, DOW, DUK, ECA, EOG, F, FE, FINL, FST, GHDX, GM, HAYN, HES, HRB, HUBG, ICPT, JBHT, JCP, KORS, KSS, LBTYA, LDOS, LII, LKQ, LPI, LULU, M, MON, MRK, MYGN, MYL, NKE, NLSN, NWSA, OLED, PCCC, PCG, PEG, RBCN, REGN, RM, SAIC, SSH, SSYS, SWK, TGT, TMK, TMUS, TNXP, UA, ULTI, VMI, WAG, WRLD, WSO, YELP

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