Posted by Admin on June 29, 2015
The Market: We warned in last week’s update that we viewed the pattern in the market as one that warranted caution. In the short term we view the market as very oversold and due for a bounce. Ideally we would like to see a failed rally in the Futures overnight that results in a gap down in the cash index which provides an opportunity to get long in early trading. It is also worth noting that the SPY closed right at the 200 day SMA & EMA which should act as support — even if only short term. Looking…
Category Tabber, The Nightcap · Tags AA, APOL, ARCX, AWK, BAC, BKFS, CAMP, CHK, CIM, CTL, DPLO, EBAY, FFIV, FINL, FL, FLY, FNB, GNBC, HELI, HPQ, HTH, IMAX, INTC, IRET, KMG, KRNY, KS, KYTH, LGF, LTXB, M, MA, MBI, MON, MTB, MU, MUX, NFLX, NKE, NORD, ODFL, ONVO, OVAS, PKG, PMT, PNFP, POZN, PRO, PTX, PTXP, PVG, QCOM, R, REI, RKT, RSE, SHLM, SNX, SOHU, SPCB, SSP, STX, SYNA, TPH, TTWO, TWO, TX, WDC, WIX, XHR, XNCR, XOOM, XPLR
Posted by Admin on April 21, 2015
Index & Sector performance 4/21/15 The Market: The Nasdaq (QQQ) was the only sector that managed to finish the session higher while the Blue Chip Dow (DIA) was the leader to the downside. After spending the majority of the year down, Energy (XLE) has recently rallied to up YTD but there was no optimism today as the sector finished over 1% lower. Also finishing lower was Utilities (XLU) down 0.89%, Materials (XLB) down 0.74%, and Financials (XLF) down 0.50%. Today’s clear leader was HeathCare (XLV) which managed to close up 0.68% on the session. No tracked Economic data yesterday or today…
Category Tabber, The Nightcap · Tags ABT, ACE, ADS, ADTN, ALGN, ALV, AMGN, AN, ANGI, AOS, APH, ARMH, AXP, BA, BEAV, BK, BMY, BRCM, BVX, CAMP, CCK, CFG, CHKP, CMG, CNI, CORT, CREE, CSH, CVGW, CYT, CYTR, DFS, DHI, DLB, DOX, ECA, ED, EMC, EPAM, EVR, EWBC, FB, FHN, FMBI, FOE, FR, FTI, FTNT, FULT, GNTX, GOOGL, HAL, HAS, HBAN, HMHC, HUBS, IBKR, ICON, ILMN, INCY, INFN, IRBT, ISRG, JCAP, KNX, KO, LGCY, LII, LRCX, MACK, MANH, MCD, MLNX, MTB, MTOR, NAVI, NBL, NBR, NFX, NLSN, OC, OII, PAHC, PAYX, PFPT, PXD, R, RCL, RGLS, RMBS, RPT, SBDBD, SEDG, SEIC, SGM, SIAL, SLB, SMCI, SNTA, SONS, SQBK, STI, STJ, STZ, SUM, SYK, SYRG, TEL, THOR, TMK, TMO, TROW, TUP, UCTT, URI, V, VMW, WAB, WERN, WUBA, XENT, YHOO, YUM, ZFGN, ZION, ZIXI
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
Posted by Admin on October 7, 2014
Index & Sector performance 10/7/14 The Market: After being rejected by the 50 day SMA yesterday, the S&P 500 (SPY), along with the other major indices on the WSC Scoreboard, followed up today with a strong down session. So far the SPY has managed to stay above the 10/2/14 spike low but we are very close. Utilities (XLU) continue to outperform on this recent down turn and after spending some of today in positive territory managed to only finish 0.14% lower. Next best was the Consumer Staples down 0.59%. Leading to the downside today was yesterday’s top loser, Transportation (IYT), …
Category Tabber, The Nightcap · Tags AAPL, ADHD, AFMD, AGCO, ARUN, ASC, BALT, BDX, BMR, BRKS, CAMP, CBS, CCK, CFG, CFN, CI, CLF, CMI, COST, CTCM, CTXS, DE, DNKN, DSX, ETE, ETP, EZCH, FIS, GMCR, GWLIF, HIBB, HIG, HPQ, ICPT, IP, IR, JACK, LDOS, LII, LVS, MDVN, MGM, MON, MPO, NNA, NVAX, OMED, PAY, PCG, RF, RKT, RPM, RWLK, SALT, SKX, SLF, SLXP, SNSS, SODA, STNG, TEX, TNP, TSRO, TSS, TTPH, TWX, URI, USB, VCYT, VEC, VLCCF, VNTV, WCG, XCO, ZINC
Posted by Admin on April 14, 2014
Index & Sector performance 4/14/14 The Market: The S&P 500 started lower in Sunday’s overnight session but quickly found a bottom and moved off the lows into early trading. Met with better than expected retail sales and an earnings beat by Citigroup (C), the rally continued until just after noon ET before topping out and starting a slide back toward the overnight lows. It appeared the market was yet again faced with a late day sell off but with one hour left in trading the S&P 500 found a bottom and snapped back toward the highs of the session….
Category Tabber, The Nightcap · Tags ABBV, ABT, ACOR, ACRX, AKBA, AMTD, APAM, AUDC, BCRX, BLMN, BOFI, BSX, C, CAMP, CIB, CMFN, CPRX, CQP, CWEI, CYH, DDD, ECOM, EW, FFIV, FLDM, GDP, GLBS, GLW, H, HCLP, HTWR, IDXX, JNJ, JPM, KIN, LNC, LNKD, LVS, MA, MCC, MDWD, MMP, MR, MSFT, NE, OFC, OSK, P, PANW, PCTY, PFG, PKG, PSMT, QTWO, RAD, SCHW, SSYS, ST, STX, TTMI, ULTI, V, WFC, WFM, WSM, XOOM, XRS, YHOO
Posted by Admin on March 26, 2014
Index & Sector performance 3/26/14 The Market: Early morning upside action quickly reversed and started a strong sell off which broke the short term uptrend line in the emini, back-tested and then continued lower into late day trading. Yet again the 1856ES region was a key short term level and now is strong resistance but the emini will have to first get through 1847ES to start and build a bull case, otherwise don’t be surprised to see the S&P test the 50 day moving average which is roughly 15 points lower. Reporting EPS 3/27/14 Pre-Market: Analyst Comments: Chart of…
Category Tabber, The Nightcap · Tags ACN, AKAM, AOL, AXAS, BBRY, BHI, CAMP, CG, CHMI, CMC, CONN, CRR, CVA, ECTE, ELS, ENDP, EOPN, EPL, EV, FIVE, FLML, FRED, GLW, GME, GRMN, HME, LAZ, LDOS, LLL, LNT, LULU, MDSO, MKC, MN, MOV, NSLP, NVDA, NXPI, PENN, PFSW, PNRA, SCON, SCS, SIRI, SUBK, TM, TNP, TSLA, VMEM, VTNR, WAG, WBMD, WGO, WPX
Posted by Admin on February 10, 2014
Index & Sector performance 2/10/14 The Market: A light volume start to the week and a very tight trading range with the S&P 500 cash trading in an 8 point range and even including early trading in the futures the entire day stayed within a 9.25 point range. The following noteworthy companies are scheduled to report earnings before tomorrow’s open: CVS, S, REGN, RAI, MMC, OMC, PCG, HCP, IR, ETR, GWR Analyst Comments: The Game Plan: The S&P 500 (SPY) 60 minute chart has a potential inverse Head & Shoulder pattern which counts…
Category Tabber, The Nightcap · Tags ACSF, ADXS, ALXN, ARX, AXP, BIN, BMY, BPL, BWP, BYI, CAMP, CELP, CVLT, CVS, CWST, CYOU, DLX, DO, DRQ, ETR, FFIV, FUEL, FWM, GALT, GEVA, GILD, GWR, HCP, IM, IMPV, IR, JACK, JPM, LCI, LGND, LH, LM, LNG, MCO, MDC, MHFI, MMC, MT, MTOR, MU, MWW, MXIM, NBIX, NFG, NKA, OMC, P, PAA, PAGP, PCG, PETX, RAI, REGN, RLJ, ROVI, RRGB, S, SCCO, SNHY, STJ, SXE, TMUS, TRN, TSO, TXRH, UNT, URBN, VOD, WFM
Posted by Admin on November 18, 2013
Index & Sector performance 11/18/13 The Market: It was a fairly quiet day in the markets until a comment from Carl Icahn appears to have started a late day sell off after noting that he could see the markets have a “big drop”. This sent the S&P 500 down roughly 12 points in the final hour of trading In economic date the NAHB Housing Market Index fell slightly short of estimates posting a 54 when 56 was expected. Today also some a mix of Fed speak and that continues tomorrow including Fed Chairman Bernanke at 7pm EST and President Obama…
Category Tabber, The Nightcap · Tags ACFN, ADMA, AGO, ANR, BA, BAX, BBY, BONA, CAMP, CJES, CNHI, CNX, CPB, DDD, DISH, DKS, GBX, GNC, GSE, GST, HD, HES, HK, HMIN, ICE, IKAN, JKS, KOS, KS, LNG, LVLT, MCK, MDT, MELI, MSFT, MXIM, NUE, NVDA, OZM, PFLT, QCOM, RDWR, RES, SGM, SNE, SVU, SWFT, TJX, TSN, TWTR, VAL, VSI, WLT, YOKU
Posted by Admin on October 16, 2013
Index & Sector performance 10/16/13 The Market: Another strong day in the market sent the S&P 500 index over 23 points higher after a brief consolidation day yesterday. What started as a small gap quickly ran in the first hour of trading eventually topping at 11:15 am EST. The market then consolidated until 2:30 pm EST when it bottom and started a rally back toward the highs of the day. Amidst a light economic data week, the news of Washington and the pending debt deal have continued to drive attention and trader reaction. Ahead of tomorrow’s Unemployment data (357K Consensus)…
Category Tabber, The Nightcap · Tags AAP, AAPL, ABT, AET, AMT, AZO, BAC, BAX, BBT, BBY, BHI, BTU, BWA, BX, C, CAMP, CI, CONE, COR, CPE, CPSI, CQB, CRK, CSCO, DGX, DHR, EGL, ELLI, EOG, EW, FDX, FITB, FLS, FRC, GDOT, GLUU, GS, GTI, GUID, HBAN, INTC, ITT, IVZ, JNPR, JPM, KO, KR, LBTYA, LNC, LNG, MMC, NUE, NWBO, PENN, PEP, PF, PM, PNR, PPG, REXX, S, SCHW, SM, SNA, SON, SPW, STLD, SWK, TRW, ULTI, UNH, UNP, VIP, VRTX, VVUS, VZ, WFT, WSR, YHOO