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

Down but much better than the start

Posted by Admin on September 29, 2014

Index & Sector performance 9/29/14 The Market: All 4 broad market indices closed lower however all also closed well off their lows of the session. The standout sector in today’s trading is clearly the Utilities (XLU) which finished up 0.65% and is currently in 4th place amongst the WSC Scoreboard sectors for largest YTD gain. The biggest laggard was Consumer Discretionary (XLY) followed by Materials (XLB). In Economic data, Pending Home Sales was a big disappointment coming in at -1% when -0.4% was expected while last months reading was adjusted slightly lower to 3.2% from 3.3%. Reporting EPS…

Category Tabber, The Nightcap · Tags AKRX, ALIM, ARE, ARP, ATHL, AVY, BABA, BBEP, BRCD, BXP, CELG, CHS, CTSH, DOX, DRC, EMC, EQY, ETP, EVEP, FDX, FFIV, FINL, FIS, FISV, FTNT, G, GOOG, GST, HCLP, HIMX, HPJ, KEG, KRC, KS, LGP, LRE, MAT, MCK, MU, NKE, NSLP, NSM, NXST, PFMT, PSDV, PTCT, RCII, RICE, SAH, SKT, SYY, TDC, UACL, UHS, USAT, VOYA, WAG, WM, WNS, WSTC, YHOO

QQQs lose 2% – now sit on 50 day SMA

Posted by Admin on September 25, 2014

Index & Sector performance 9/25/14 The Market: Strong down session across the board which saw the NASDAQ (QQQ) lead the way lower finishing down over 2%. QQQ was hurt by Apple (AAPL) which is reportedly facing consumer issue regarding its new iPhone6 and iOS but some media outlets also pointed to concerns over rates and Russia as causes for trader pessimism. The Dow (DIA) and QQQ are now sitting on their 50 day SMA’s while the S&P 500 (SPY) lost its 50 as of today. With one day left in the trading week it will be interesting to see how…

Category Tabber, The Nightcap · Tags AA, ABX, ADNC, ARC, ASPX, BBRY, BGCP, BLMN, BOTA, BRCD, BRCM, BXP, CELP, CMA, CRS, EW, FB, FCX, FINL, FNJN, GDOT, GFIG, HBI, IPHI, JD, KBH, LPG, MDT, MMC, NOC, SLB, SQBG, TGTX, VC, VIAB, WTI, WUBA, YHOO

Financials lead strong session

Posted by Admin on September 18, 2014

Index & Sector performance 9/18/14 The Market: Fairly broad rally across all the WSC Scoreboard indices. Interesting that the Guggenheim equal weight S&P 500 index (RSP) noticeably underperformed the S&P 500 (SPY) showing that the rally was not as much broad based and instead focused in the higher weighted industries & stocks. In individual sectors it was the Financials (XLF) that led all sectors on the WSC Scoreboard finishing the session up 0.98%. As would be expected the rally was broad throughout the components but highlighted by Citigroup (C) and Prudential (PRU) which finished the session up 2.42% and 2.35%…

Category Tabber, The Nightcap · Tags ACTG, ALNY, APOG, ARCB, BAC, BAM, BAS, BEP, BTU, BXP, C, CCOI, CMRE, COTY, DD, DFT, DISCA, DNR, EMKR, EVAR, FDX, FSNN, HERO, HHC, ICD, KEG, KSS, LOV, LVLT, MDVN, MON, MT, NEP, NVTL, NYLD, OAKS, OI, ONCY, PES, PIR, PRU, PTEN, RENT, RYI, SFTBY, SWN, TERP, VFC, VNCE

Markets stop slide, fight back

Posted by Admin on August 4, 2014

Index & Sector performance 8/4/14 The Market: After two strong down days, all 4 indices on the WSC Scoreboard managed to find bottoms and rally with the Russell 2000 (IWM) leading the charge finishing the day 0.89% higher. One note of caution, volume was on the light side when compared to the previous two sessions. Our suggestion would be to watch the first major pullback after today’s move. If it is orderly then the market likely has unfinished business to the upside, otherwise we will likely see another push lower. In individual sectors it was green across the board except…

Category Tabber, The Nightcap · Tags ACM, ACT, ADM, AEE, AEP, AJG, AKRX, AL, ALU, AME, AMRI, AMSC, ANSS, ARCC, ARQL, AWI, BBG, BBW, BCRX, BLMN, BOTA, BXP, BYI, CAH, CCO, CENX, CHTR, CIE, CNK, CNQR, COH, CRZO, CTRX, CVC, CVS, CVX, CYH, DO, DPZ, DRC, DRII, DSCO, DTV, DWRE, ELX, EMR, END, EQT, ESV, EXH, EXPE, FE, FISV, FLT, GPN, GPRE, GTIV, GTXI, HCLP, HCP, HK, HLT, IFF, IIN, INFI, IRT, IT, KOG, KWK, LII, LINTA, LJPC, LMCA, LOPE, LPX, LVNTA, MDVN, MEG, MGM, MLNX, MMP, MOS, MRC, MSI, MWW, NE, NGLS, NGVC, NNN, NTI, ODP, OIS, OPB, OXY, OZM, PEGI, QLGC, REGN, RHP, RIG, RIGL, RPXC, SNSS, SPG, SPR, STLD, SYRG, TDG, TIME, TMH, TMUS, TRGP, VMC, VSI, VTG, WEX, WLK, WNR, WPC, WY, X, ZBRA, ZTS

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

S&P on 5 day win streak

Posted by Admin on April 21, 2014

Index & Sector performance 4/21/14 The Market: The S&P 500 has been on an impressive 5 day winning streak but much like the “V” bottom we say back in February this year, this rally is coming on lower than average volume with today being by far the lowest in the S&P 500 sector ETF “SPY”. We stated in our 4/14 write-up that we would not be surprised to see the market used short term oversold levels and the shortened holiday Op-Ex week to rally. The question now is as traders get back to the desk in both the U.S….

Category Tabber, The Nightcap · Tags AAN, ACI, AEP, AGTC, AHP, AIV, AKS, AOS, ATHN, ATI, ATO, AWI, BBT, BHI, BIG, BK, BMI, BTU, BWP, BXP, CLI, CMCSA, CMG, CNC, COF, COMM, CRZO, CSGP, CSL, CSOD, DOV, DYN, EWBC, EXAM, FCF, FIX, GDP, GLNG, GLOG, GPC, HAFC, HNI, HOG, HOMB, HUBG, IG, IPG, IRBT, JAKK, JBL, JNS, LMT, LPT, LXK, MCD, MDSO, MS, MTG, MU, NAT, OMC, ORCL, PBYI, PCG, PCH, PDCE, PEP, PLXS, PNR, PPL, PSIX, PVA, PVTB, RF, ROYT, SB, SBNY, SFNC, SHW, SLG, SLM, SNV, SPG, SRPT, STI, TBI, TCB, TPLM, TRV, TWC, TWOU, UNH, URI, UTX, VFC, VMW, WLT, WTS, XLNX, XRS, YUM, ZMH

Lots of movement, little results

Posted by Admin on March 10, 2014

Index & Sector performance 3/10/14 The Market: Today was a yet another choppy session but for day traders there was a great deal of opportunity. The S&P 500 emini ultimately moved 40 points between support and resistance while the S&P 500 cash index only managed to close down roughly a point for the day. Starting with Sunday evening’s trading the ES contract lost ground over night finding support at the $1868ES pivot and then rallied pre-market to the $1878ES pivot. Playing Pivot Pinball the ES tested the $1868ES support after the open to yet again hold and rally back toward…

Category Tabber, The Nightcap · Tags ADM, ADP, AEO, AGU, ALJ, ALU, AMDA, AMX, APA, ARCO, ASTE, ATHN, ATSG, BCRX, BIG, BONT, BPI, BWLD, BXP, CF, CHTR, CLF, CMN, CNCE, DAL, DFT, DHI, DKS, DSCO, DWA, ECA, EGRX, EVOL, EXPD, FB, FL, FLXN, FMI, GAS, GTN, HIMX, HSNI, HSY, HW, IBP, IDXX, KBH, LEAF, LHCG, LINTA, MAR, MDLZ, MEOH, MINI, MJN, MNTX, MTGE, MTH, NADL, NLSN, NNBR, NNN, NPTN, PFPT, QIHU, RAI, RNF, RTK, SFUN, SGEN, SHPG, SNTA, SPLS, SYPR, TDY, TLMR, TLOG, TRAK, TRIP, TWTR, UCP, UIL, VECO, VLP, VMW, WWAV, X, XLNX

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

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