Off the 200 Day and up

Posted by Admin on February 2, 2015

Index & Sector performance 2/2/15 The Market: The S&P 500 (SPY) started the session lower but found support just slightly above the 200 day SMA which has not been visited since October 2014. After an initial pop and then pullback the index rallied the remainder of the session to finish over 30 points off the lows. So far in the after hours the index is holding the gains and consolidating. Today’s action should be very promising for long traders and you know your stops — below today’s lows. The leading sector on the WSC Scoreboard was Energy (XLE) finishing up…

Category Tabber, The Nightcap · Tags ACI, ACSF, ADM, ADVS, AEIS, AEP, AET, AFG, AGCO, AGN, AGNC, AMC, AMID, AMP, AMTG, AN, APA, APAM, APC, AR, ARE, ARG, ARR, ARRY, ARWR, ATHX, ATW, AUPH, BABA, BBG, BCEI, BERY, BIIB, BKH, BZH, CAM, CEQP, CHK, CIE, CJES, CLF, CLR, CNC, COG, COMM, CPE, CRK, CRZO, CYS, DAL, DECK, DFT, DIS, DISH, DMND, DOV, DPM, DVN, DY, ECR, EDR, EGN, EGP, EMN, EMR, ENBL, ENLK, ENR, ENTR, EPE, EQT, ETN, EVR, EXLP, EXXI, FANG, FITB, FMSA, FN, FTI, FUN, GAS, GCI, GDOT, GDP, GGP, GHDX, GHL, GLAD, GLPI, GPOR, GRUB, HASI, HCA, HCLP, HEOP, HES, HIG, HK, HP, HRC, HTWR, HW, IBKC, ICE, IDTI, IMS, IR, JBLU, JD, KATE, KR, LEA, LINE, LLNW, LM, LMNX, LMOS, LODE, LPI, LPT, LYB, MA, MBFI, MC, MDU, MMSI, MNK, MO, MORE, MPLX, MPO, MRD, MRO, MTSC, MTSI, MTX, MUR, MWE, MWV, NANO, NBL, NBR, NFG, NFX, NGLS, NOG, NOV, NS, NSH, NYMT, NYT, OHI, OHRP, OI, OPHT, OXY, PDCE, PDS, PE, PES, PNR, PODD, PQ, PRXL, PTEN, PTP, PVA, PXD, QEP, R, RCII, RCL, RDC, RDUS, REGN, RGA, RICE, RIG, ROSE, RRC, RSPP, RTEC, SAIA, SFY, SGY, SHEN, SLCA, SM, SMLP, SMPL, SPR, SSE, ST, SWN, SXE, TGI, THC, TKR, TMK, TNAV, TNET, TPLM, TRGP, TWO, TWX, UAL, UDR, UNIS, UNT, UPL, UPS, USAC, VIAB, VLP, VNOM, VZ, WDR, WERN, WES, WEX, WGP, WLL, WPX, WR, WRLD, WTI, WU, WYN, XEC, XELB, XL, XOM, XON, ZINC, ZQK

Central bank news abroad drives headlines

Posted by Admin on January 21, 2015

Index & Sector performance 1/21/15 The Market: It was a relatively choppy session which saw the Dow (DIA), S&P 500 (SPY), and NASDAQ (QQQ) manage to finish higher while the Russell 2000 (IWM) closed lower. There were reports out of Europe that the ECB Executive Board proposed the purchase of EUR 50B/mo of bonds in a program that should last at least a year. There was more news from outside the U.S. with a surprise rate cut in Canada to counteract the sharply declining oil prices. Energy (XLE) led the charge today as all sectors on the WSC Scoreboard finished…

Category Tabber, The Nightcap · Tags ACTG, AFFX, AGU, AHH, ALK, AMD, AMRC, AN, AR, AVT, BBT, BKU, BLDP, BPOP, CA, CALD, COV, CPTA, CSOD, CVS, CY, DAL, DLX, DNOW, EA, EDR, EFC, EFSC, ESPR, ETP, FBC, FCS, FICO, FNB, FULL, FXCM, GLNG, GLT, GMT, HBAN, HEI, HMHC, HSY, HZNP, IBM, IGTE, JBHT, JCI, JNS, KEY, KORS, LC, LOW, LUV, LVS, MCC, MDCO, MPG, MRCC, NFLX, NPBC, NTCT, ORI, OSK, OUTR, OVAS, PAYC, PCP, PENN, QSII, QTNT, RCPT, RES, RF, ROK, SAAS, SAP, SASR, SBNY, SFNC, SJM, SLXP, SMCI, STNG, SWKS, SWN, TECH, TMO, TRV, TSEM, TUMI, TZOO, UAL, UNP, UNT, VNO, VSH, VZ, WBS, WFM, WYNN, XRS

Back test of the 20 & down

Posted by Admin on December 11, 2014

Index & Sector performance 12/11/14 The Market: Strong optimism in early trading was attributed to better than expected Retail Sales numbers and Unemployment Claims along with the stabilization of oil but in midday trading, after the S&P 500 (SPY) had rallied back to re-test its 20 day SMA, oil started to slide and took the SPY with it. While the table above shows the SPY up on the session, as it currently stands those gains have been entirely erased in the aftermarket. We will be watching the overnight session to see if the S&P can stabilize, reverse, or if it…

Category Tabber, The Nightcap · Tags ABBV, ABCO, ALTR, AR, AREX, ARIA, ATHN, AVT, BDC, BEAVV, BRX, BXP, CALD, CLR, CNX, DOX, ECR, EOG, EPE, EQR, EVR, FLR, FSFR, GDP, GLOG, GPOR, HCN, KEYW, LC, LLY, MAC, NFX, OAS, PCAR, PLD, PPS, PXD, SN, SPG, SPLS, SWC, SYRG, TC, TCO, TGP, TOL, UNFI, UTHR, VNOM, VTL, VTR, WLL, WPX

The 20’s support today’s drop

Posted by Admin on December 8, 2014

Index & Sector performance 12/8/14 The Market: The S&P opened lower but like every other recent micro pullback it found a bottom and started to rally higher. The market again looked like it wouldn’t be denied a higher close but then after the initial morning pop the indices started to roll and continued lower until roughly 2pm ET when they found a bottom for the session and moved off the lows into the close. The lows on the S&P 500 (SPY) and NASDAQ (QQQ) correspond with the 20 day SMA and we will be looking to see if those lows…

Category Tabber, The Nightcap · Tags AAL, AAT, AAWW, ABM, ACGL, ADMA, AMAT, ANET, APA, AR, AWH, BLK, CBRL, CIE, CME, CMT, CNQ, CRMD, CRR, CVX, DMND, DRIV, EBAY, EGP, FORM, GLOG, GOOG, HD, HRB, IDT, ISIS, ITW, JMP, JNJ, KLAC, LDR, LF, LHO, LNN, LRCX, LUV, MBI, MCC, MDGN, NDAQ, NFX, OAS, OHI, PLAB, PRAH, PRE, PSEC, RSE, SBLK, SBUX, SEAC, SKYS, SWFT, TASR, TSM, USB, UTX, VRNT, VUZI, WBC

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

Low volume drift higher

Posted by Admin on November 10, 2014

Index & Sector performance 11/10/14 The Market: Without any key news or economic data the market was happy to drift with the trend which is higher. This drift higher in the markets has created some negative divergence on the intraday charts so we would not be surprised to see downside action early in the week. However, at this time we would expect the losses to be contained and ultimately for that initial dip to be a buying opportunity for short term traders. Stand out sector to the upside was Transportation (IYT) which finished the day 1.34% higher followed by HealthCare…

Category Tabber, The Nightcap · Tags ACM, AEO, ANF, AR, ARE, AREX, ATRA, BAM, BDBD, BMRN, BRS, CCOI, CIEN, COTY, CPE, CRM, CSGP, CST, DHI, DIS, DLTR, DM, EC, EPE, ERIC, EV, FMSA, FWP, GIS, GLRI, GLW, GNW, GST, GWBD, HD, ICD, ICPT, INFN, INGN, INSY, JEC, KPTI, KSS, LGIH, LMCA, LOW, MIFI, MYGN, NES, NFX, NGL, NGS, NSM, NSTG, NU, OCIP, OPHT, ORIG, PETX, PFMT, PGEM, PHM, PNW, POL, QIWI, RENT, REXX, RNF, RRMS, SABR, SGM, SPR, STAY, SXE, SZYM, TEVA, TGT, TOUR, TRBAA, TVPT, VPRT, VSAT, WAC, WSBC

Utilities shine amidst sea of red

Posted by Admin on October 1, 2014

Index & Sector performance 10/1/14 The Market: All four of the main indices on the WSC Scoreboard finished well into negative territory with the NASDAQ (QQQ) leading the charge down 1.60%. In individual sectors it was the Utilities (XLU) that stood out closing 0.57% higher while the rest of the list was well into negative territory. It was a broad rally across the XLU with many stocks participating but some noteworthy gainers were Exelon (EXC) up 1.41%, Southern (SO) up 1.01%, and NRG Energy (NRG) up 2.33%. EXC has been a favorite of ours but we would also watch SO…

Category Tabber, The Nightcap · Tags ADPT, AGN, ALL, ALXN, AMGN, AMP, ANGI, AR, ARMK, ATNM, ATU, AYI, BBBY, BIIB, CELG, CHRW, CPRX, CROX, CSC, CSCO, DECK, DV, DYN, EBAY, ELGX, EXC, EXXI, FCX, FLR, GILD, GNW, GPN, HL, INVN, JNS, MAS, MCO, MHR, MKC, MNK, MOVE, MSON, NRG, OWW, PIR, PKE, PNRA, Q, REGN, SLB, SLXP, SO, STZ, SUSQ, TSN, TUES, TYC, VPRT, WBMD, WPRT, XEC

Tech and HealthCare EPS lead

Posted by Admin on July 23, 2014

Index & Sector performance 7/23/14 The Market: Today the stand out index was the NASDAQ (QQQ) which finished 0.64% higher with a lot of help from Apple (AAPL) which finished the day up 2.61% after reporting EPS yesterday after the close. The S&P 500 (SPY) and Russell 2000 (IWM) were relatively flat, while the Dow (DIA) was the clear laggard and the only index to finish down on the session. Weighing on the Dow was Boeing (BA) and Caterpillar (CAT) which finished down 2.34% and 1.53% respectively. In individual sectors it was HealthCare (XLV) which shined helped immensely by Intuitive…

Category Tabber, The Nightcap · Tags AAPL, ABC, ALXN, AR, ARG, BA, BC, BCC, BCO, BIIB, BK, BKU, BMS, BMY, BPOP, BR, BRCM, BSX, CAB, CAM, CAT, CATM, CCE, CCK, CELG, CHKP, CLF, CLI, CMCSA, CMS, CNC, COG, COL, CRI, CSH, CTB, DAN, DD, DFS, DFT, DGX, DHI, DNKN, DO, DPS, DRH, EA, EAT, EDU, EQM, EXAS, F, FAF, FANG, FLIR, FMER, GNTX, GPI, GT, H, HA, HLT, HLX, HOT, HST, HSY, HXL, IMS, IR, ISRG, JAH, JAZZ, JBLU, JNPR, KING, KKR, LAZ, LHO, LII, LLY, LTM, LUV, MANH, MCD, MDRX, MMM, MSFT, MTH, MWE, MYCC, NBL, NDAQ, NPBC, NUE, O, PAA, PBYI, PCP, PDCE, PEB, PENN, PHM, PMBC, PNK, PRLB, PTEN, QCOM, QDEL, QSII, RCL, RGP, RHI, ROIC, RRC, RS, RTN, SHO, SIAL, SIMO, SXC, THRM, TRGP, TROW, TSE, TWI, UA, UAL, UNP, USG, UTX, VMW, VZ, WAB, WCC, WCN, WLL, WYN, XLNX, XPL, ZMH

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

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

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