Nasdaq & Russell lead indices lower

Posted by Admin on April 25, 2014

Index & Sector performance 4/25/14 The Market: All the major indices were down in Friday’s action with the Nasdaq 100 (QQQ) and Russell 2000 (IWM) leading the way lower. In individual sectors the Transportation index (IYT) and Consumer Discretionary (XLY) were the biggest losers. The transports are an interesting case as they were one of the sectors making new highs recently but after an outside day yesterday the index followed through strongly to the downside today. Leading the index lower was JetBlue (JBLU) closing down 5.38%. After missing EPS yesterday, Reuters announced today that the Flight attendants will be looking…

Category Tabber, The Nightcap · Tags AAL, ACN, ADI, AET, ALGT, AMZN, AWI, BEN, BFAM, BIDU, BIG, BLRX, BRCM, BWP, CAT, CELG, CFFN, CHTR, CNO, COG, CRI, CRR, CRUS, CUDA, CYOU, CYTK, DECK, DHI, DV, DWA, ECHO, ECL, EDR, EDU, EQM, FBC, FIBK, FITB, FMBI, FRME, FTI, GIMO, GLW, GM, GMAN, HAE, HBI, HILL, HWAY, JBLU, KLAC, L, LAMR, LH, LIN, LLTC, LSTR, LTM, LVS, MCGC, MSFT, MXIM, NBL, NNA, NORD, NOV, NTCT, NTGR, NXPI, ONB, RGDO, ROP, RTIX, SFG, SIGI, SOHU, SYNA, SYRG, TEN, TKR, TROW, TRXC, TWC, UA, USG, WFC, ZMH

6 day win streak ends..new starts?

Posted by Admin on April 23, 2014

Index & Sector performance 4/23/14 The Market: Today’s session snapped a 6 day winning streak for the S&P 500 but the losses were small and maintained a very orderly structure throughout the day. In after hours trading, the futures traded sharply higher helped by Apple’s (AAPL) earnings which beat EPS and revenue along with announcing a 7 for 1 stock split, increase in the buyback, and an 8% increase in the dividend. With tonight’s overnight action, the S&P 500 is now closing in on the all time highs . Focus will continue to be on earnings especially with a very…

Category Tabber, The Nightcap · Tags AAL, AAPL, ABC, AEGN, AEM, AET, AGN, AKS, ALXN, AMAG, AMGN, AMX, AOS, APC, ATHN, AVT, BC, BCO, BHE, BKU, BLL, BMS, BTU, BVF, CAB, CAM, CAT, CBEY, CCE, CELG, CFX, CIR, CLI, CMS, COG, COMM, CREE, CSH, DFS, DFT, DGX, DHI, DLPH, DLX, DNKN, DO, DSX, DVN, EFX, ELS, EOG, EQT, ETR, FAF, FCFS, FCX, FNFG, GILD, GLF, GLMD, GM, GPK, GTI, HA, HAFC, HOG, HOT, HP, HSY, HXL, IART, IILG, ILMN, ITW, JBLU, KKR, LL, LLY, LO, LODE, LSTR, LTM, LUV, MBT, MCD, MDP, MDSO, MED, MJN, MMM, MO, NBL, NDAQ, NLSN, NUE, NVGS, NYT, ODFL, OI, OSTK, PDCE, PENN, PHM, PLD, PNR, PTEN, QSII, RCL, RS, RTN, RUSHA, RXN, RYL, SANM, SBNY, SCG, SIAL, SIRI, SKX, SLB, SMCI, SNP, SONS, SPWR, SWK, SWKS, SYRX, TBI, TCB, TE, TKR, TMK, TRV, TSLX, TWC, TWI, UA, UAL, UGI, UPS, USG, UTEK, UTX, VLO, VLY, VMW, VRX, VSI, VZ, WCC, WM, WWAV, WYN, XOOM, XRX, ZMH

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

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

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

S&P Futures play MA pinball

Posted by Admin on December 16, 2013

Index & Sector performance 12/16/13 The Market: The made strong gains today after what looked like a horrible start to the week. In overnight trading Sunday the S&P 500 dropped t0 $1754 (March 2014 emini contract) tagging the 50 day SMA and then built a rally off that support. Surprisingly by the morning the futures had not only regained everything that was lost from Sunday evening’s open but also but in some gains. Those who do not look at the futures may have never even known of the rough start. The futures then rallied pre-market to the 20 day SMA…

Category Tabber, The Nightcap · Tags AAPL, AER, AIG, ALOG, ALSN, AVGO, AVH, BRCM, C, CACQ, CBEY, CMI, CNC, CNW, COG, DAL, ETN, EVGN, EXPE, H, HIMX, HOT, HST, HTGC, IPXL, JAZZ, KFRC, LEAP, LSI, MAN, MAR, MCO, MNST, MONT, MRO, MTDR, NAV, NLSN, NVGS, ODFL, OII, PNC, PNR, PVH, R, S, SAFM, SBUX, SNI, SSNC, STJ, SWHC, TASR, TMUS, URBN, VIV, XOM, XPO, YUM, ZQK

Slow grind higher continues

Posted by Admin on December 9, 2013

Index & Sector performance 12/9/13 The Market: Another slow grinding day with a bias higher. It is yet to be seen if this is a consolidation for a next leg higher or exhaustion with a leg lower to come. To catch the most amount of people off guard the market could look to pop higher first to finish and then start a strong quick decline. There was no economic data today but there was Fed speak from FOMC member Bullard. Bullard was a QE3 supporter and noted his stance that any Fed action is data dependent. The increase in jobs…

Category Tabber, The Nightcap · Tags AEO, ALJ, AMBA, ATHN, ATI, ATK, AWI, AZO, BAP, BNS, BSTC, CAH, CHGG, CLR, CNBC, COG, COV, CPT, CRNT, DDD, DF, DK, DLNG, EROS, EW, EZPW, GIL, GIVN, HDS, HFC, HME, HRZN, IR, IT, ITW, KOG, KRFT, LDOS, MAS, MCD, MDRX, MEMP, MHK, MLNX, MTW, NBL, PGEM, POR, PSX, PTRY, RAIL, RY, SAPE, SYY, TNDM, TOL, VLO

Fed open to scale back causes pullback

Posted by Admin on November 20, 2013

Index & Sector performance 11/20/13 The Market: Initial optimism on better than expected economic data pre-market saw early selling as the S&P pulled off the highs of the day in the first hour of trading and then the market meandered waiting for the Fed minutes to be released. After the 2pm EST announcement the market began selling off as the Fed showed they are prepared to scale back on the rate of asset purchases. The S&P 500 was able to use late trading to close a few points off the lows of the day. In economic data, Core CPI came…

Category Tabber, The Nightcap · Tags ANF, BA, BBY, CHRW, COG, DAKT, DCI, DE, DKS, DSX, FEIC, FIS, GME, GPRE, HD, HLF, ICE, JCP, JEC, LAYN, LPI, LZB, MDT, MOS, NEWT, OKS, PCLN, PDCO, PLL, POST, POT, PVA, ROST, SBUX, SHLD, SJM, SMA, TEVA, TGT, TJX, TWTR, TXRH, UAL, VAL, VITC, WHF, YHOO

Rampant optimism spikes the market

Posted by Admin on October 10, 2013

Index & Sector performance 10/10/13 The Market: In case you were under a rock today. The market exploded to the upside. The move seemed help by some uncertainty being out of the way including the past news that Janey Yellen would be the new Fed chair and confirmation from the FOMC minutes that tapering will not likely start until the end of the year (or later). To add on there was optimism out of Washington about a debt deal. In economic news, Unemployment claims came in far worse than expected posting a 374K when 307K was expected. The reason the…

Category Tabber, The Nightcap · Tags ADTN, AHT, ARIA, BEAV, BLOX, COF, COG, CONN, CTXS, CXO, DFS, DRH, FNFG, FNV, HL, HPQ, HTHT, HUBG, IAG, JPM, KAR, KEX, LHO, MAKO, MU, NFLX, OEDV, OKE, OMX, PCH, PF, PM, RGLD, RT, SHO, SSYS, STKL, VG, VGZ, WBS, WFC, WX, XOOM, XPO

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