Eurozone fears trigger late day sell-off

Posted by Admin on February 4, 2015

Index & Sector performance 2/4/15 The Market: Monday’s reversal in the S&P 500 (SPY) of the 200 day SMA continued Tuesday and was extending in today’s session, even with Oil trading lower, until later in the trading day when the index dropped sharply. Traders pointed to news our of Europe that the ECB will not allow Banks to use Greek government debt as collateral for loans as the catalyst. The Dow (DIA) was the only index on the WSC Scoreboard which managed to finish higher but that was greatly due to Disney (DIS) beating EPS and finishing up 7.63% on…

Category Tabber, The Nightcap · Tags ACRE, ADS, AEIS, AET, AFFX, AFL, AINV, ALL, ALLY, ALQA, AMSC, ANET, APAM, APO, ARG, ARW, ASPX, ATHN, ATML, ATW, AUY, AWH, BBG, BCEI, BCO, BDC, BDN, BDX, BECN, BGC, BIOD, BKD, BLL, BMR, BR, BSMX, BXP, CATM, CBG, CDNS, CFX, CHD, CHMT, CHRW, CHTR, CI, CINF, CLR, CMI, CNC, CNW, COTY, COUP, CSL, CTSH, CXP, DATA, DDD, DF, DFT, DIS, DLPH, DLTR, DNKN, EL, ENTR, EQR, EQT, ESS, ETR, EW, EXH, EXLP, EXPR, F, FBHS, FBP, FII, FIS, FISV, FMC, FOXA, FSP, G, GDP, GILD, GLAD, GLUU, GMCR, GPK, GPRE, GRA, GRUB, GSM, GWPH, HEOP, HLT, HOLX, HW, IACI, ICE, ICON, IMS, IRBT, ISIS, JONE, KORS, KSS, LAZ, LCI, LFVN, LNC, LNKD, LQDT, LYB, MAA, MAC, MANH, MAR, MDSO, MDU, MKTO, MMP, MMS, MNK, MSCI, MUSA, MXL, MYGN, NDRO, NE, NOV, NU, NUS, NXPI, ODFL, ODP, ORLY, OSUR, OTIC, OZM, PAA, PACB, PAGP, PM, PNNT, PNR, PPG, PPL, PRE, PRGO, PRU, PSEC, PTEN, QLYS, RDC, ROYT, RXN, S, SBH, SFUN, SIRI, SJM, SLAB, SLH, SNA, SNCR, SPB, SPLS, SPR, SSYS, STWD, TDC, TE, THRX, TROX, TTMI, TTWO, TW, UA, UGI, ULTI, UPS, USG, VMC, VNR, VSH, WDR, WFT, WGL, WMS, WYNN, XYL, YUM

Eurozone helps U.S. go green YTD

Posted by Admin on January 8, 2015

Index & Sector performance 1/8/15 The Market: The Dow (DIA), S&P 500 (SPY) and Nasdaq (QQQ) are all green for the year as of today’s close with the Russell 2000 (IWM) lagging down 0.8%. Considering there have only been about 5 trading days in the new year, this is not saying much but the recent 2 day recovery is impressive and reminiscent of what we saw all 2013 and 2014. Helping the U.S. market today was statements from Mario Draghi that the ECB will discuss adding more or new monetary stimulus at their next rate meeting in two weeks. This…

Category Tabber, The Nightcap · Tags AAP, AB, ABC, ABX, ADM, ADS, AET, AIG, ALKS, ALSN, AMG, ANDE, ATHN, ATW, AYI, AZZ, BJRI, BSX, BTU, BWLD, CACQ, CFX, CMG, CMI, CNC, COUP, CVS, DKL, DKS, DPLO, DPZ, DRI, EAT, ESRX, ETFC, EVC, FBR, GBX, GMCR, GOOG, GPK, HALO, HCA, HIG, HOLX, IMPR, IVZ, KATE, KGC, LDOS, LH, LLY, MAN, MCK, MDRX, MSM, MWA, NGD, NUVA, NVDQ, OCR, OMAM, ORBC, ORPN, OSK, PCLN, PDFS, PGRE, PKG, PNC, PSUN, QLIK, QRVO, QSR, RAD, RHT, RKT, RL, ROVI, SAP, SBUX, SKT, SN, SYRG, TAP, TEN, TRIP, TSCO, UHS, URBN, VEEV, VSI, WCG, WEN, WMB, WYNN, YGE, ZUMZ

XLE hit hard on overall mixed session

Posted by Admin on October 27, 2014

Index & Sector performance 10/27/14 The Market: A rumor Thursday of a doctor infected with the Ebola virus being rushed to an NYC hospital helped take the market off the highs and then in Thursday’s overnight session it was confirmed that the doctor indeed had Ebola which sent the futures spiking lower but by Friday morning they were off the lows from the overnight session and marched higher closing near Thursday’s intraday highs. Today was much more of a muted consolidation session with the S&P 500 cash index remaining within a roughly 13 point range which while not historically small…

Category Tabber, The Nightcap · Tags AA, AAN, ACI, ACW, AEP, AET, AGCO, ALR, AMBA, AME, AMGN, AMTD, AMZN, AN, APC, AUPH, BABA, BALT, BAS, BBT, BF.B, BMY, CACI, CALA, CEB, CIT, CIVI, CLR, CMCO, CMI, CNC, CNX, COG, COH, COMM, CSLT, CVA, CVLT, DD, DIN, DO, DPM, DSX, ECL, EME, EMES, ENTG, EPE, EQT, ESPR, EVDY, EZCH, F, FB, FCX, FET, FLIR, FLO, FLS, FLWS, FMER, FMSA, FNFG, FWRD, GLPI, GLW, GOOG, GPS, GRMN, HAL, HCA, HLSS, HOT, HRS, HTLD, ICON, IDXX, IHS, IIVI, ILMN, IMPR, IPGP, KLAC, KO, LEA, LH, LPI, LPNT, LVLT, MCGC, MDLZ, MDSO, MEP, MJN, MLM, MMC, MSM, MWV, NBL, NDRO, NEM, NGLS, NNA, NOW, OKE, OME, PCAR, PCG, PCP, PE, PES, PFE, PH, POR, PTEN, RAD, RAX, RGLD, SALT, SAVE, SCHN, SFL, SHW, SIRI, SNCR, ST, STE, SXC, TGTX, TKR, TRGP, TRS, TRW, TTS, TWI, UTHR, VBLT, VEEV, VSH, VSLR, W, WAB, WAGE, WBC, WBMD, WDR, WHR, WIRE, XYL, ZUMZ

S&P nearing last week’s low

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

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

Intraday swing leave only small gains

Posted by Admin on April 28, 2014

Index & Sector performance 4/28/14 The Market: After moving slightly higher in the overnight and early trading, the S&P 500 quickly dropped in the midday session before finding a bottom around 1:30 pm ET. While the S&P fell a few points short of making it back to the earlier intraday highs, it did manage to post a small gain on the day. The Dow led the major indices helped by a 4.2% gain from Pfizer (PFE) while the Russell 2000 closed slightly down on the day. Many big name stocks in the news including the aforementioned Pfizer (PFE) who…

Category Tabber, The Nightcap · Tags ADM, ADSK, AEP, AGCO, AGN, ALK, ALR, ALTR, AMG, AON, APD, ARRY, AZN, BBRY, BCE, BHI, BKW, BMY, BRK.B, BSX, CFX, CHKP, CIT, CL, CLH, CMI, CMLS, CNX, COH, CORI, CRTO, CTL, CTXS, DBD, DDD, DECK, DWA, EMN, EQM, ESV, ETN, F, FLIR, FRX, GAIA, GAS, GEO, GILD, GPOR, GST, GT, GTLS, HCA, HCBK, HIBB, HOG, HOS, HOT, HRS, HUN, HW, IPGP, IRWD, KLIC, LCNB, LEA, LKQ, LYB, MCBC, MDCA, MGI, MGM, MHFI, MLM, MOG.A, MRK, MTH, NU, OSK, PBH, PCAR, PES, PFE, PH, PNRA, POR, RBA, ROK, RRST, RUBI, RYN, S, SAIA, SAVE, SGMS, SLAB, SPN, ST, TEDU, TROW, TRW, TWC, UDR, UHS, USG, UTHR, VLO, WAIR, WAL, WAT, WDR, WFT, WLT, WWW, XYL

How will traders position for weekend?

Posted by Admin on April 10, 2014

Index & Sector performance 4/10/14 The Market: Today the market not only took back the gains realized yesterday off the FOMC minutes but also the gains from Tuesday’s session leaving fresh closing lows for the week on a roughly 40 point down day in the S&P 500. With only one day remaining in the week, it will be very interesting to see how trader’s position tomorrow ahead of the weekend. We have a hard time believing that traders will be anxious to position long going into the weekend after today. We will be increasingly suspect of any early morning to…

Category Tabber, The Nightcap · Tags AAPL, ABC, ACRX, AEC, AJG, AKAM, ALGT, ALKS, AMBA, ATHL, ATK, AUY, BBBY, CF, CMI, COG, CREE, CRL, CROX, DE, DECK, DXCM, EMC, EPB, EXR, FB, FSL, GPOR, HART, HPQ, IBM, IMPV, IRT, LBTYA, LNT, MEOH, NFLX, NKE, NTAP, NTRI, OLP, ORN, PANW, PCAR, PINC, PROV, PSEC, SHOO, SKX, STBA, STR, TAP, TECD, TEX, TWTR, UGI, UMH, VC, WCC, WEX, WMGI, WWWW, ZUMZ

3 strong days higher

Posted by Admin on April 1, 2014

Index & Sector performance 4/1/14 The Market: Today’s early action targeted our highlighted region from last night’s update of $1875ES and then pulled back to support near $1870ES. Later in the day the market made another rally toward and pressed through $1875ES and now resides above in the after hours session. While we are starting to see some intraday negative divergences develop on the market which provide some caution to the recent strong 3 day rally, we fully expect the S&P 500 emini to challenge the highlighted resistance region of $1884-90ES in overnight or early morning trading. From there we…

Category Tabber, The Nightcap · Tags ACAS, ALK, AMTD, AMZG, APC, AQXP, ARCW, ARE, AYI, BBG, BEAM, BFAM, BGC, BPI DATA, CFR, CGIX, CLH, CMI, COUP, DLA, DRTX, EAC, EIX, EXTR, FC, FMBI, FULT, GST, HLS, HSTM, INFA, INVN, JASO, KEG, KERX, KND, LH, LNDC, LRE, MD, MET, MON, NBL, NCMI, NICE, NVDA, OAS, OMN, PCRX, PFIE, PFSI, PKOH, POT, PXD, RBCN, RSPP, RUSHA, STZ, TEVA, UAL, UNF, VOYA, VRNT, WBC, WDR, WLL, WNR

Window dressing or more to come?

Posted by Admin on March 31, 2014

Index & Sector performance 3/31/14 The Market: The Quarter ends with a nice up session which has some throwing around the term “window dressing”. While we do not necessarily disagree with the sentiment, we also believe price is the ultimate indicator and therefore today’s action has to be respected. Otherwise it is ultimately a continuation of the short term consolidation between the highs on the S&P 500 cash at $1883.97 and the 3/14/14 lows of $1839.57. In the very short term the futures appear to be flagging overnight and could look to next target the 1875ES region. Support is 1862ES…

Category Tabber, The Nightcap · Tags AMG, AMZG, APA, BBRY, BBW, BIG, BLDR, CHRW, CLI, CLR, CMI, CORR, CRZO, CVA, CWEI, DOX, DRC, DTE, ECHO, EIX, FBRC, FRBK, HTLD, IT, KNX, KS, MCC, MDT, MNKD, MW, MX, MYGN, NGLS, NLNK, OILT, OKS, PGTI, PNRA, PRAN, RNR, SARA, SINA, SNDK, STZ, SWFT, TEVA, TPVG, TRGP, TRV, VIPS, VOYA, WLB, WLH, XLNX, XONE

Early pop leads to late day drop

Posted by Admin on March 11, 2014

Index & Sector performance 3/11/14 The Market: The market rallied pre-market into the open, pulled back and went again but was unable to break through a pivot confluence resistance area. The pullback into the noon EST period started to consolidate but the MACD was telling that more downside was likely. As we reached the 2-2:30 pm EST time frame the S&P again started to weaken and broke to fresh lows for the day. We will be watching for $1860ES and then further $1850ES for support levels. On the S&P500 cash index the 20 day SMA comes in around $1853. In…

Category Tabber, The Nightcap · Tags AAPL, AIMC, ALXN, AMCC, AMD, AMED, APH, ARAY, ARO, ARTX, AXAS, BKCC, BWEN, CDW, CMI, COV, CVCO, DDR, DRC, DXLG, EXPR, FB, FLIR, FMC, GWPH, HA, HCN, HHC, IFT, INGN, INTC, ISH, ITMN, JCP, LJPC, M, MGIC, MPWR, NEON, NFLX, NGPC, NTRS, NVAX, NWBO, O, POWR, PPHM, QIWI, RAVN, RFMD, SCLN, STT, SWKS, TGI, TQNT, TSEM, TXN, UBIC, UNFI, URBN, USB, VIPS, VLCCF, WAIR, XOMA

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