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

Lots of data yields flat finish

Posted by Admin on July 30, 2014

Index & Sector performance 7/30/14 The Market: Lots of Economic Data/announcements in today’s session but when the dust settled it was surprisingly a flat session with the NASDAQ (QQQ) and Russell 2000 (IWM) leading while the Dow (DIA) finished slightly lower and the S&P 500 (SPY) finished slightly higher. The leading sector on the WSC Scoreboard was Retail (XRT) finishing the day up 1% however Retail remains the only individual sector on the WSC Scoreboard that is down for the year. The laggard was the Utilities (XLU) and decisively so finishing the day down 1.69%. We remain interested in some…

Category Tabber, The Nightcap · Tags ACIW, ACOR, ADP, AGNC, ALK, ALKS, AMCC, APA, ARW, ATK, AVP, AXP, AYR, BDX, BG, BGCP, BGFV, BKCC, BLL, BWA, BZH, CARB, CDW, CHTR, CI, CL, CLD, CLF, CME, CNSL, COMM, COP, CRAY, CVI, CVRR, DDD, DLPH, DNBF, DOX, DSX, DTV, ECA, EMN, ENB, ENDP, EPD, ESV, ETN, EW, EXC, FCH, FCN, FIG, FTR, GNRC, GNW, GTLS, HCA, HIVE, HL, HP, HST, IMN, INCY, INVN, IRDM, IRM, ITG, ITT, IVR, IVZ, K, KBR, KMT, KORS, LIQD, LKQ, LLL, LM, LVLT, MA, MARA, MCK, MD, MMC, MMSI, MNTA, MPC, MSCI, MTOR, MW, NGS, NI, NLSN, NOV, NWL, OCN, ODFL, OPLK, OSK, OXY, PCG, PCRX, PES, PLT, PNR, PNW, PPL, PSUN, PWR, Q, RAS, RESI, RFP, RKUS, RRTS, RYL, SAFM, SAVE, SBH, SCG, SDRL, SFY, SHOO, SNMX, SQNM, SSB, STAY, STRZA, TE, TKR, TMUS, TRW, TWC, TWTR, UAL, UFS, ULTI, UPL, UTHR, VG, VNTV, VTG, VZ, WCG, WDR, WIN, WLT, WWE, XEL, XOM, XRAY, ZLTQ

Short week, low vol, mixed results

Posted by Admin on June 30, 2014

Index & Sector performance 6/30/14 The Market: An overall mixed session saw the Russell 2000 and NASDAQ finish higher while the Dow and S&P 500 finished slightly lower. Volume was down which will likely be a trend this shortened holiday trading week. In Individual sectors, the Utilities (XLU) led and earlier in the session the Transportation sector (IYT) was a relatively close second but a late day sell off put it just behind the Materials (XLB) and in-line with Retail (XRT). The largest gainer in the Utilities was Pinnacle West Capital Corporation (PNW) which finished up 2.41% and looks like…

Category Tabber, The Nightcap · Tags AAL, AES, AMED, ATI, AYI, BDX, BEBE, BRO, CA, CACI, CELG, CHTR, CP, CRZO, CTRP, CVCY, DHI, DVA, DWA, ELGX, ELLI, EVAR, EWY, FDX, FINL, GWPH, HTLD, IGXT, KBH, KLAC, KONA, LRCX, MBII, MCHX, MILL, MNKD, MRH, MTH, MYGN, NSC, NTAP, NTRS, OAS, OILT, PANW, PHM, PLKI, PNW, RCPT, RE, RGC, RYAAY, RYAM, RYN, SFXE, SN, SNA, SNDK, SWFT, TAM, TLYS, UNP, VAR, YHOO

Russell clear winner in mixed start to week

Posted by Admin on June 9, 2014

Index & Sector performance 6/9/14 The Market: All 4 major indices on the WSC Scoreboard started the week moving higher picking up where they left off last week including the small cap Russell 2000 which continued its recent outperformance. The quick start soon came to an end when each index made a top around noon ET which was never again revisited in today’s trading. While the Russell 2000 managed to finish respectfully higher for the day, the rest of the indices were flat to slightly down. We noted in Friday’s report last week that the S&P 500 closed outside of…

Category Tabber, The Nightcap · Tags AAPL, AKER, ARCO, ARRS, AXE, BDX, BIG, BMRN, BRCM, BURL, BWFG, CBK, CMTL, COF, DG, DST, ERF, ESS, ETH, FDO, FE, FRAN, HDS, JONE, LB, LODE, LULU, MCC, MGNX, MINI, NBCB, NFBK, NFX, NNN, OIS, PAA, PAGP, PBY, PEB, REXX, RSH, SAIC, SNMX, SRE, STI, TCBI, TCP, TRV, TSLX, VRTS, WAG, WB, WM, WYNMF, ZEN

GDP disappoints but market ignores

Posted by Admin on April 30, 2014

Index & Sector performance 4/30/14 The Market: As you can see in the table below, the U.S. Q1 GDP number came in well below expectations. While Q1 was not expected to be a high growth quarter, clearly analysts did not expect a near negative number. Certainly the colder than expected weather could have and likely did play a role but on our opinion you cannot completely blame a miss like this on the weather. So why might traders and investors be willing to look past this data besides the weather? Possibly because a number like this allows the Fed to…

Category Tabber, The Nightcap · Tags ABMD, ACE, AFL, AFOP, AFSI, AGCO, ALLY, AMC, AMG, AMT, ANR, ANSS, APAM, ARG, AUXL, AVP, AWAY, BDX, BG, BGCP, BHI, BKCC, BLL, BWA, BZH, CAH, CERN, CI, CIE, CLD, CLVS, CLX, CME, CMI, CNP, CNX, COH, COLM, COP, CPN, CROX, CSCD, CTRX, CVI, DDD, DPZ, EIX, ENDP, EPB, EPD, ESV, EXAS, FCH, FCN, FIG, FIS, FRGI, FSS, FTK, GNRC, HAR, HCA, HD, HST, IDCC, IIVI, INCY, IQNT, IRDM, IRM, IT, ITC, ITT, IVZ, JAH, K, KLIC, KMT, KRC, LAZ, LHO, LII, LINE, LLL, LM, LNCO, LOGM, MA, MAR, MD, MDC, MEOH, MERC, MFA, MGM, MOD, MPC, MRK, MSI, MTOR, MWE, MWW, MYL, NDAQ, NGLS, NICE, NLSN, NNN, NUVA, O, OCN, OGE, ORB, ORCL, PCG, PCRX, PDS, PEG, PES, PPL, PRLB, PWR, Q, REXX, RFMD, RFP, RGLD, RJET, RM, RRD, SBH, SFY, SHOO, SNMX, STBA, STM, STRZA, SWC, TBBK, TCBI, TEVA, THLD, THRM, TMH, TMUS, TQNT, TRIB, TXT, UA, UPL, VG, VIAB, VICL, VIPS, VLO, WDR, WLT, WST, WWE, XEL, XOM, XYL, YRCW

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

Strong sell off starts week

Posted by Admin on February 3, 2014

Index & Sector performance 2/3/14 The Market: In the News: The following noteworthy companies are scheduled to report earnings before tomorrow’s open: EMR, ETN, ADM, CME, SE, HCA, SIRI, IP, BDX, MHFI, DLPH, BSX, KORS, FIS, CLX, AMG, SEP Analyst Comments: The Game Plan:

Category Tabber, The Nightcap · Tags AAL, AAOI, ACT, ADM, AMAT, AMG, AOL, AR, ARE, ARG, ARTC, ASGN, AUXL, BBG, BDX, BSX, CLX, CME, COG, COLB, CXO, CYT, DLPH, EMR, ETN, EV, F, FB, FIATY, FIS, FST, GALE, GM, GOMO, GSAT, GTE, HCA, HK, HOG, IP, JOSB, KLAC, KORS, LPNT, LRCX, MA, MAT, MDVN, MHFI, MMYT, MTW, MW, NANO, NOC, NSC, NTAP, NVDA, NVR, PDCE, PHM, PPL, PSX, PVA, RCL, RSH, SDLP, SE, SEP, SFG, SFY, SGY, SIRI, SNN, SPNC, UA, VG, WCC, WFM, XCO, YDKN, YELP, ZNGA

The Calm before Jobs data storm?

Posted by Admin on January 9, 2014

Index & Sector performance 1/9/14 The Market: A mixed consolidation day in S&P 500 saw the futures up in the pre-market only to sell off at the open. That sell off persisted until 11am EST losing roughly 15 S&P points from the pre-market highs and then the S&P bottomed and staged a rally which didn’t make it back to the pre-market highs but did take back more than half of what was lost. In Economic data today, Unemployment claims came in better than expected posting a 330K number when 337K was expected but the previous week was revised about 6K…

Category Tabber, The Nightcap · Tags AA, ABBV, ABT, ACLS, ADSK, AEL, AET, ALB, ANGI, ANR, ASC, AVY, AWAY, BAC, BDX, BRCM, BSTC, BSX, BWLD, C, D, DAN, DD, DHI, DHT, DO, EME, ESV, ETFC, EVR, FET, FI, FNFG, FRX, GHL, GPN, HCP, HIG, HRB, ICPT, INSM, JCP, JJSF, JNJ, KEYW, KNX, LAZ, LEA, LMCA, LPCN, LPLA, M, MBT, MET, MON, MPW, MTOR, MTSC, NAT, OIS, PFG, PRU, PSA, RJF, RNN, SALT, SCTY, SFUN, SRC, SXT, TCK, TNP, TPX, TRNX, TS, TSC, TTI, TWTR, VAL, VIP, WSM, WWAV, XOMA, YUM

Ben to the rescue!

Posted by Admin on September 18, 2013

Index & Sector performance 9/18/13 The Market: The clock struck 2pm EST and it is time for Big Ben and the Fed to put all the recent speculation, at least for now, to rest. Neither changes to the current $85B bond purchased program nor the fed funds target rate. That news sparked a near 30 point rally which ultimately closed up 23 points from the announcement. Besides the Federal Reserve rate decision, in economic data we had building permits and housing starts which both came in lower than the previous month and also below expectations but with all due respect…

Category Tabber, The Nightcap · Tags ADBE, ARQL, ATOS, AYI, BDX, BERY, BMRN, CAG, CAT, CL, CLX, CRK, CTSH, DRI, EA, ED, FI, FRT, GBL, HCA, IHS, IPG, JOY, LULU, MCS, MGM, MXWL, NEE, NRG, NSM, OIS, PG, PIR, RAD, RDEN, SAEX, SBRA, SCHL, SHLD, SKT, SNCR, SPB, TLYS, TSS, TWGP, VIPS, WAG, WFT, WHR

Daily Wrap

Posted by Admin on May 1, 2013

DJIA –138.85 (-0.94%) to 14,700.95; S&P 500 -14.87 (-0.93%) to 1,582.70; NASDAQ -14.09 (-0.49%) to 2,873.35 Mixed economic data including a bad ADP and construction spending number as well as poor economic data out of China helped send the major indices lower on the open. After midday, the Fed helped spark a small rally after reiterating their stance to be accommodative and even mentioned they will increase or decrease the pace of purchases in the future as necessary but this only provided a brief recovers and the market proceeded to sell off into the close. In economic news today the calendar was pretty full and started…

Category Tabber, The Nightcap · Tags AGN, AMGN, BDX, BIIB, CI, CME, EL, F, FCX, FIATY, GM, IP, K, MMC, MRK, PCG, PPL, REGN, SRE, ULTI, XEL

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