Another flat session overall

Posted by Admin on July 24, 2014

Index & Sector performance 7/24/14 The Market: Another relatively flat session across the broad major indices as earnings continue to drive most individual stock movements. The NASDAQ (QQQ) and S&P 500 (SPY) have both managed to breakout to new 52 week highs this week and hold those breakouts so far but the S&P 500 Equal Weight index (RSP) and Dow (DIA) have yet to follow. The Russell 2000 (IWM) is up on the week but far from new 52 week highs and also seems vulnerable to fill the downside gap left from Tuesday. Speaking of the IWM, we noted in…

Category Tabber, The Nightcap · Tags AAN, ACAT, AEL, AEP, AKAM, ANGI, AON, B, BA, BEAV, BHI, BIIB, CECE, CKEC, CMCSA, CMG, CONE, COUP, COV, CRMD, DAL, DTE, EDU, EMC, EQIX, FB, FCX, FDS, FFIV, FNFG, FRAN, FTI, FTNT, GD, GILD, HBI, HNT, IDXX, IEX, ILMN, JMP, KR, LEA, LPNT, LYB, MATX, MCO, MKTX, MRKT, NS, NXPI, OC, PB, PEP, PLCM, QCOM, R, SEIC, SLAB, SWK, TCB, TEVA, THRX, TQNT, TRI, TYC, UIS, VDSI, VIP, VLP, VNTV, VZ, WBC, WHLR, WIBC

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

EPS should lead trading

Posted by Admin on July 21, 2014

Index & Sector performance 7/21/14 The Market: Slow start to the week saw the S&P futures down over 10 points in early trading only to rally back and finish the day relatively flat on the session. The best performer of the 4 broad indices was the NASDAQ (QQQ) but all-in-all it was a low volume relatively uneventful start to the week. With not much scheduled in terms of Economic data this week (see schedule below), eyes will be firmly fixed on the slew of earnings coming out. Below is the list of confirmed pre-market reports for 7/22/14 and the remainder…

Category Tabber, The Nightcap · Tags AAPL, ACI, ADPT, ALGT, AMPH, AMTD, ANR, ATHN, ATI, BIDU, BK, BTU, CHTR, CIT, CMCSA, COBZ, CSCO, DD, DFS, DISH, DOV, ECR, EXC, EZPW, FAF, FANG, FITB, FNF, GCI, GOL, GPRO, HOG, HOMB, HOT, IMAX, IMPR, IP, IR, ITC, ITRI, JPM, KEG, KMB, KO, LMT, MCD, MJN, MNK, MO, MSG, MTB, MTLS, OMC, QLIK, RDC, REGN, RF, RKT, RSPP, SBUX, SGGH, SHPG, SMI, SNV, STT, TCPI, TRV, TSRA, UBIC, UTX, VZ, WFC, XL

Global unrest helps fuel market decline

Posted by Admin on July 17, 2014

Index & Sector performance 7/17/14 The Market: Broad based sell off today saw all 5 (S&P 500 equal weight index (RSP) added today) major indices from the WSC Scoreboard finish over 1% lower except the Dow (DIA) which managed to only lose 0.85%. No surprise leading the way to the downside was again the Russell 2000 (IWM) which is now solidly down for the year and underperforming the S&P 500 (SPY) by 8.5% and the NASDAQ (QQQ) by 10%. The double top in the IWM which we started discussing over a week ago is now more pronounced and as a…

Category Tabber, The Nightcap · Tags ABT, ADTN, AEZS, AFL, AHP, AHT, AIR, ALGT, ALV, ASML, BK, BLK, BRX, CHTR, CLC, CMCSA, CNX, COG, CSX, CTG, DDR, DLTR, EL, ENOC, ENSG, EOG, FHN, FRC, GE, GNC, GOV, GPOR, HBAN, HNRG, HON, IGT, IGTE, ILMN, IPG, JCI, KALU, KNL, KRC, KSU, LH, LVS, MILL, MRD, MTD, PCYG, PETM, PKI, PNC, REI, RSPP, SAVE, SIAL, SLCA, SLG, SSE, STJ, TFM, TWX, TXT, UBA, VFC, WAT

Merger denied, collaboration approved

Posted by Admin on July 16, 2014

Index & Sector performance 7/16/14 The Market: A small up session in the market was helped by solid earnings reports in the morning and a potential huge media merger between Time Warner (TWX) and Twenty First Century Fox (FOXA). FOXA offered $85/share but were turned down by TWZ. This sent shares of TWX screaming higher finishing the day up 17.07% as traders reevaluated TWX’s worth and also speculated on increased offers. In other corporate news, Apple (AAPL) announced they will be teaming up with IBM (IBM) to provide business mobile solutions. BlackBerry (BBRY) was negatively affected by the news finishing…

Category Tabber, The Nightcap · Tags AAL, AAN, AAPL, ADS, ALK, AN, ATW, BAX, BHI, BKD, BX, CBSH, CMA, CMCSA, CSH, CY, DHR, DOV, ECR, ESV, FCS, FEYE, FITB, FOXA, FTNT, FXCM, GSKNF, GWW, HLSS, HSY, IBM, IMAX, INTC, ISR, JBHT, JNPR, JPM, KO, MAS, MAT, MILL, MLNX, MNST, MON, MS, MTB, MTDR, NEO, ORB, PANW, PCRX, PFPT, PM, POOL, POT, PPG, PSG, PVTB, RDUS, ROST, SAP, SAVE, SHW, SJW, SNA, SON, SYMC, TREC, TTWO, TWC, TWX, TZOO, UNH, USG, UTEK, WBS, WDC, YHOO

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

Decline….What Decline?

Posted by Admin on January 15, 2014

Index & Sector performance 1/15/14 The Market: The vast majority of today’s action was on the open where the S&P 500 gaped higher and ran until 11am EST which marked the highs of the day. The remainder of the day stayed in a 5 point range from the 11am highs as the market digested the strong reversal rally which has gained roughly 35 S&P points since Monday’s lows. In Economic Data, Headline PPI slightly missed expectations while Core PPI beat. The Beige Book reiterated an overall positive outlook on the economy showing moderate growth. Tomorrow traders will be most focused…

Category Tabber, The Nightcap · Tags AGN, ALLT, APO, ARG, BAC, BBT, BBY, BEAM, BLK, BMY, C, CBS, CHTP, CMCSA, CRUS, CSOD, CTRL, DECK, DIS, DISCA, DKS, EXR, FB, FOXA, FRC, FTNT, FWLT, GLUU, GM, GME, GOOG, GS, HBAN, HTGC, HTZ, ICPT, INTC, JPM, KALU, LAZ, LGP, LIN, LPX, MHFI, MITL, MWE, MWV, NUS, PCG, PCLN, PETM, PFPT, PNC, POL, PPG, PRI, PRIM, PVTB, QLYS, REGN, RJF, SNX, SODA, SSYS, SUSP, SUSS, TAM, TRIP, TYL, UCTT, UNH, URI, VRTS, WFC, XLNX, XONE

Triple witching tomorrrow

Posted by Admin on December 19, 2013

Index & Sector performance 12/19/13 The Market: Today trading range was rather tight after yesterday’s explosion with the entire day’s range in the S&P 500 only about 9 points. Tomorrow will be options expiration and a Triple Witching which can come with some volatility. In economic data today we sub a much worse than expected Unemployment claims number come in at 379K when 366K was expected. Other key data also underperformed expectations with Existing Home Sales missing expectations (4.9M vs. 5.04M) and Philly Fed Manufacturing Index (7 vs. 10.3). Tomorrow we get GDP and Monday 12/23 we have Core PCE,…

Category Tabber, The Nightcap · Tags AAPL, ACRX, AMT, BBRY, BCRX, BNCN, BPL, CAG, CCI, CHTP, CMA, CMCSA, CUDA, CVS, DISH, DRI, ELNK, EQIX, F, FANG, FB, FINL, FTR, FUEL, GNMK, ILMN, IMAX, IMPV, KMX, LBTYA, LEN, LVLT, NAV, NBIX, NSM, NTLS, OMC, ORCL, PBYI, PRGO, QTS, RNET, S, SIRI, SMTC, SWI, SYRG, T, TRBAA, TRI, V, VZ, WAG, WIFI, WIN

Beige Book helps market off lows

Posted by Admin on December 4, 2013

Index & Sector performance 12/4/13 The Market: The S&P 500 started with a gap down which was quickly bought and rallied to slightly positive on the day but that rally topped at 11am EST and made its way back down to and through the earlier lows. The market found a bottom prior to the Beige Book coming out but the release did not hurt the rally and the S&P 500 finished near flat on the day and above the 20 day SMA. In economic news we saw ADP Non-Farm Employment Change come in much better than expected posting a 215K…

Category Tabber, The Nightcap · Tags ADHD, AGU, ATK, BBT, BKYF, BRE, C, CMCSA, COLB, COMM, CONN, COR, CVS, DDD, DDR, DE, DECK, DG, DTV, EBAY, EPB, ESS, EXPR, FLEX, GM, IBKC, JACK, JCI, JGW, JOSB, KR, MAS, MOS, MSM, NAV, OC, OI, OMED, OVTI, PACW, PCG, PGI, PNFP, RNST, ROST, SBNY, SCBT, SHO, SOL, SONC, SRLP, STI, T, TRI, TTC, TWC, USB, UTIW, WBCO, WHR

A low volume flat session

Posted by Admin on November 25, 2013

Index & Sector performance 11/25/13 The Market: Monday’s trading started with some optimism but that was sold in early trading and the market started climbing back toward the highs of the day after a pullback. The rally efforts topped around 2:30 pm EST and the market then declined into the close but after the dust settled it was a flat day. Again volumes were on the light side. Today’s economic calendar was light with only Pending Home Sales on the docket and came in worse than expected posting a -0.6% when 2.2% was expected. Tomorrow we get more housing data…

Category Tabber, The Nightcap · Tags AA, ADT, AET, ALLE, AOL, AUXL, BBRY, BBVA, BKS, BKW, BLMN, BLOX, BRCD, CAT, CMCSA, CRTO, DE, DSW, DVA, EGHT, ESNT, EV, FINL, FIX, FL, FLR, GCAP, GDOT, GFI, HIBB, HRL, HTLD, IR, JCP, KYN, LNC, LUV, MSFT, MTDR, OKE, PAA, PAGP, PLL, QIHU, RDWR, RRD, SCAI, SCHN, SIG, SPNS, SYK, TIF, TWTR, UNH, UNXL, WLP, WMT

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