Flat session with no catalysts

Posted by Admin on March 23, 2015

Index & Sector performance 3/23/15 The Market: A flat start to the week as the market appeared happy to meander without a strong catalyst to tip the balance one way or the other. In an otherwise boring tape, the Transportation Index (IYT) is worth noting as it closed down 1.83%. Most of the big names in the index were lower but Kansas City Southern (KSU) was the clear leader to the downside finishing 7.96% lower on the session after announcing reduced FY15 revenue guidance. Existing Home Sales came in weaker than expected and we will be watching to see if…

Category Tabber, The Nightcap · Tags AAPL, AKS, AMH, ATRC, AVGO, AWH, BF.A, BIIB, BLUE, BSX, CAPN, CCL, CERN, CGI, CTRX, CYBR, DOV, DPRX, DRI, DY, ELY, EMC, EPD, FINL, FLTX, FRPT, FTI, GIII, GNVC, GNW, GWW, HDS, IFF, IHS, INFA, ITEK, JMEI, JNS, KBH, KMI, KSU, LII, MKC, MMS, MOV, MPEL, MSCC, MXIM, MYL, NICE, NMM, NRX, NTAP, NVDA, NWL, PFE, PRGO, PVH, R, REGN, SAP, SBLK, SEAC, SIRI, SODA, SONS, TIF, TSLA, TTPH, TYC, URRE, VRX, VSTO, WCC, XYL

Small Caps lag as market rallies

Posted by Admin on March 16, 2015

Index & Sector performance 3/16/15 The Market: A strong performance day as the S&P 500 (SPY), Dow (DIA), and NASDAQ (QQQ) finished up over 1% while the Russell 2000 (IWM) was the laggard finishing up 0.60%. One of the positive noted on this recent decline in the broad markets was the resilience of the IWM which is close to a new all-time high. Today could just be the other broad indices catching up to the already outperforming IWM but we cannot help but feel as though today was a perfect set-up for the IWM to lead all names higher and…

Category Tabber, The Nightcap · Tags AFAM, AHP, AMC, AMT, ANW, APC, ARCO, ASH, AVGO, AWI, BDE, BDSI, BLPH, BOOM, BSX, BURL, CALL, CAMP, CASM, CCMP, CDTI, CEVA, CKEC, CMC, DCO, DD, DSCI, DSW, EMN, ESGR, FDS, FDX, FOMX, FRAN, FSL, FTEK, FXCM, GRA, HBI, HCCI, HCN, HELI, HIBB, HLT, HPQ, IAG, IOC, ITEK, JBL, JBLU, JGW, JMEI, KING, LUV, MDT, MNK, MRGE, MSLP, MTG, MTSC, NEE, NES, NFLX, NUE, OMER, ONTX, ORBC, ORCL, PARR, PCAR, PRKR, PRSC, PZE, QRVO, QUNR, RARE, REI, REXR, RF, RS, RSPP, RYI, SALT, SFXE, SPG, STEM, STKL, STLD, STX, SWSH, SXI, SYN, TAST, TD, THO, TMST, VEC, WAL, WCC, WDC, WOR, WYNN, WYY, XENT, XONE, YPF, ZBRA, ZEUS

QQQ & IWM reach new highs

Posted by Admin on February 26, 2015

Index & Sector performance 2/26/15 The Market: More churn today in the markets but again the NASDAQ (QQQ) and Russell 2000 (IWM) showed more strength than the S&P 500 (SPY) with the QQQ and IWM reaching new 52-week closing highs on the session. Crude oil lost over 5% today which helped send the Energy (XLE) sector 1.88% lower. We noted in our 2/18/15 nightly recap when the XLE was trading above $81 that we would look for a pullback toward $78 as a buying opportunity. Closing today at $79.35, we would ideally like to see lower levels before dipping into…

Category Tabber, The Nightcap · Tags ACAD, ACRX, ADS, ADSK, AEGR, AHT, AIRM, AL, AMCX, AMH, ANF, ARUN, AVGO, AXP, BBG, BCEI, BEL, BLOX, BLUE, BMRN, BSFT, CAS, CBSH, CDTI, CEMP, CERS, CLH, CLMT, CLNE, CLR, CLVS, CNL, CRM, CROX, CST, CUBE, CVC, CWEI, CXP, DFRG, DGI, DHI, DIN, DLTR, DOOR, DPM, DPZ, EVC, EVHC, GDP, GEVA, GLNG, GLOG, GMED, GPS, GVA, HBAYF, HCN, HEI, HFC, HLF, HMSY, HPP, HPT, HUB.B, HZNP, IFF, IG, IM, IP, ISIS, JCP, KBR, KERX, KND, KS, LAMR, LAND, LH, LMCA, LXRX, LYV, MDRX, MEMP, MENT, MNST, MOBI, MTZ, NDSN, NFX, NMBL, NOG, NRG, NSAM, NVAX, NYLD, OHRP, OLED, OPHT, OUT, OVTI, PCRX, PCYC, PE, PFMT, PGRE, PLL, PNM, PODD, PTCT, PTX, RDC, REXR, RKT, RMTI, ROST, RPTP, SB, SBAC, SBUX, SD, SEMG, SGY, SON, SPLK, SRC, SREV, STRZA, STT, SWN, SZYM, THRM, TMUS, TTI, TUBE, TUMI, UHS, UTHR, VMC, WDAY, WDR, WMC, WMGI, WTR, WTW, XLS, Z

Market churns while XLU heads lower

Posted by Admin on February 25, 2015

Index & Sector performance 2/25/15 The Market: Another day of churn as the market continues to grind with an upward bias. As we posted over at StockTwits we are starting to see a lot of negative divergence setting up on the MACD. Divergence is not a trigger itself but is showing signs that each move higher comes with less momentum and excitement. Utilities (XLU) was the leader to the downside and a name we recently posted about in the Charts section. After seeing a lot of people bullish on the name, we laid the road map we felt the Bulls…

Category Tabber, The Nightcap · Tags A, AAPL, ACIW, ADBE, AEGN, AES, AGO, AGU, AKAM, AKR, AKRX, ALSWF, AMCX, AMRN, AMSG, AMT, AR, ARCC, AREX, ARGS, AVGO, AWAY, BDBD, BMRN, BWC, CCG, CELG, CEMP, CHMT, CHS, CIEN, CLDT, CLVS, CMCSA, CNP, COWN, CRI, CRM, CROX, CRZO, CTRX, CTSO, CXO, DDD, DK, DRH, DRII, DRQ, DRYS, DXCM, DYAX, ECL, EHTH, ELGX, EPAM, EPR, EROC, ESRT, ESTE, ESV, EXH, EXPD, FCH, FDS, FIG, FIVE, FMI, FOE, FSLR, GCAP, GMED, GOGO, GPOR, GTLS, GXP, HALO, HAWK, HCN, HCP, HD, HEES, HLS, HMHC, HPQ, HSC, HSNI, HURN, HWAY, IAG, ICON, IPXL, IRDM, ITC, JAZZ, JOE, KSS, LB, LC, LGCY, LKQ, LPI, LQ, MACK, MBLY, MDVN, MDXG, MEG, MELI, MRD, MRGE, NEWM, NTI, NUVA, OAS, OGE, OHI, OKE, OKS, ORIG, OTEX, PETX, PLKI, POM, PTLA, PVA, QEP, QUNR, RCAP, RGR, RHP, RIG, RLGY, RLJ, ROSE, ROST, RSO, SBY, SEAS, SERV, SFM, SFY, SGY, SHLD, SMSI, SNH, SNR, SRE, SRPT, STAA, SUNE, TASR, TEL, TERP, TESO, TSCO, TWI, UVE, VAL, VC, VRX, VSI, VTG, WAC, WDAY, WG, WLL, WMGI, WNR, WOR, WPG, WR, WWAV, YOKU, ZAGG

Market continues to grind

Posted by Admin on February 19, 2015

Index & Sector performance 2/19/15 The Market: The slow grind into options expiration continues with the S&P 500 (SPY) and Dow (DIA) finishing slightly lower while the Russell 2000 (IWM) finished slightly higher and the NASDAQ (QQQ) led. We would expect to potentially see volatility tomorrow not only due to options expiration but also potential headline risk out of Europe. Overall a mixed session as yesterday’s sector leader to the upside, the Utilities (XLU), was today’s downside leader finishing 1/13% lower while Technology (XLK) followed closely by Consumer Discretionary (XLY) led to the upside. With only Flash Manufacturing PMI tomorrow,…

Category Tabber, The Nightcap · Tags AAPL, AAVL, ABR, ACT, ACTG, AHS, AMZN, ANET, ANGI, ASGN, AVGO, B, BAS, BJRI, BK, BRCD, BRKR, BXMT, BXP, CAVM, CF, CHE, CHH, CHSP, CLNY, CNK, COG, COH, COMM, CONE, COP, CRC, CRTO, CRWN, CSLT, CYH, DDD, DE, DGICA, DK, DRII, DVN, ED, EOG, EPE, EQIX, EXAM, EXR, FCAU, FLR, FLS, FNGN, FR, FRGI, FTR, FUEL, GOV, GRMN, GSK, GTE, GTLS, HCN, HLT, HOLX, HQY, HTLD, HUN, I, INTU, IPGP, IRM, JWN, KAR, KEYS, LH, LNG, LOPE, LZB, MHK, MIC, MIFI, MPC, MRC, MRVL, MT, MWW, NCLH, NDLS, NEM, NPO, ONCE, PCYC, PEG, PGN, PLCE, PNW, PSA, PSX, QIHU, RCPT, RES, RESI, RLGT, ROCK, ROVI, SAAS, SABR, SATS, SCTY, SEE, SEM, SNPS, SONS, SPN, SPNC, SWC, SWDBF, TEX, TFX, TSCO, TSRO, TUBE, VLO, VNOM, WERN, WLH, WRE, WTS, XEC, XNPT, ZTS

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

S&P rejected @ 50 DSMA

Posted by Admin on October 6, 2014

Index & Sector performance 10/6/14 The Market: The markets start the session in positive territory but the S&P 500 (SPY) quickly ran into resistance at the 50 day SMA and spent the remainder of the day pulling back. The laggard on the session was the Russell 2000 (IWM) which was the first to go negative on the session finishing down 0.86% Today’s high in the SPY now becomes a key level to watch along with the 50 day SMA and downward sloping 20 day MA. This could end up being a choppy trading week. In individual sectors, Transportation (IYT) was…

Category Tabber, The Nightcap · Tags ADTN, ALB, AMBA, ANDE, ANF, AUDC, AVGO, BDX, BG, BKW, BWLD, CCE, CCOI, CFRX, COST, CP, CTB, DATA, DECK, EPR, EPRS, EZCH, FCN, FDX, FTNT, GPRO, HCN, HCP, HOG, IAG, ISCA, ISRG, LB, LGCY, LINTA, LVNTA, MARA, MCD, MHR, MO, MON, MRKT, MTH, NSM, OGE, ORCL, PETM, QLIK, RENT, ROC, RPM, SNDK, SPLK, SWKS, TKMR, VCRA, VTR, XL, XOOM, ZEP

AAPL helps drive late day sell off

Posted by Admin on September 9, 2014

Index & Sector performance 9/9/14 The Market: All major indices on the WSC Scoreboard finished the session lower with the Russell 2000 (IWM) leading the charge down 1.18%. The S&P 500 (SPY) started the session weak but found a bottom in early trading and then managed to rally until 2pm ET when the index turned and sold off making new lows for the session. The NASDAQ (QQQ) held in well during early trading as traders were likely waiting for the Apple (AAPL) product announcement. The initial reaction to AAPL’s news (new/bigger phones, watch, payment system) was positive and the…

Category Tabber, The Nightcap · Tags AA, AAPL, AMRI, ATHL, AVGO, BEAV, BP, CBI, COP, CPE, CTLT, CVX, CXP, CYH, DHI, DOC, EARS, ENBL, ENOC, EPD, FANG, FINL, FIVE, GCA, GFN, GLNG, GTIM, HOT, ICD, KR, LEN, LFVN, LUV, MAR, MDC, MDVN, MGAM, MHO, MRNS, MSON, MT, MTH, MVNR, MW, MXL, NEM, NFLX, PE, PHM, POT, POWR, RH, RL, RRMS, RSG, SEP, SGNL, SIGM, SPF, STE, SYF, TEP, THC, VRTU, WB, XCRA, ZMH

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

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