Off the 200 Day and up

Posted by Admin on February 2, 2015

Index & Sector performance 2/2/15 The Market: The S&P 500 (SPY) started the session lower but found support just slightly above the 200 day SMA which has not been visited since October 2014. After an initial pop and then pullback the index rallied the remainder of the session to finish over 30 points off the lows. So far in the after hours the index is holding the gains and consolidating. Today’s action should be very promising for long traders and you know your stops — below today’s lows. The leading sector on the WSC Scoreboard was Energy (XLE) finishing up…

Category Tabber, The Nightcap · Tags ACI, ACSF, ADM, ADVS, AEIS, AEP, AET, AFG, AGCO, AGN, AGNC, AMC, AMID, AMP, AMTG, AN, APA, APAM, APC, AR, ARE, ARG, ARR, ARRY, ARWR, ATHX, ATW, AUPH, BABA, BBG, BCEI, BERY, BIIB, BKH, BZH, CAM, CEQP, CHK, CIE, CJES, CLF, CLR, CNC, COG, COMM, CPE, CRK, CRZO, CYS, DAL, DECK, DFT, DIS, DISH, DMND, DOV, DPM, DVN, DY, ECR, EDR, EGN, EGP, EMN, EMR, ENBL, ENLK, ENR, ENTR, EPE, EQT, ETN, EVR, EXLP, EXXI, FANG, FITB, FMSA, FN, FTI, FUN, GAS, GCI, GDOT, GDP, GGP, GHDX, GHL, GLAD, GLPI, GPOR, GRUB, HASI, HCA, HCLP, HEOP, HES, HIG, HK, HP, HRC, HTWR, HW, IBKC, ICE, IDTI, IMS, IR, JBLU, JD, KATE, KR, LEA, LINE, LLNW, LM, LMNX, LMOS, LODE, LPI, LPT, LYB, MA, MBFI, MC, MDU, MMSI, MNK, MO, MORE, MPLX, MPO, MRD, MRO, MTSC, MTSI, MTX, MUR, MWE, MWV, NANO, NBL, NBR, NFG, NFX, NGLS, NOG, NOV, NS, NSH, NYMT, NYT, OHI, OHRP, OI, OPHT, OXY, PDCE, PDS, PE, PES, PNR, PODD, PQ, PRXL, PTEN, PTP, PVA, PXD, QEP, R, RCII, RCL, RDC, RDUS, REGN, RGA, RICE, RIG, ROSE, RRC, RSPP, RTEC, SAIA, SFY, SGY, SHEN, SLCA, SM, SMLP, SMPL, SPR, SSE, ST, SWN, SXE, TGI, THC, TKR, TMK, TNAV, TNET, TPLM, TRGP, TWO, TWX, UAL, UDR, UNIS, UNT, UPL, UPS, USAC, VIAB, VLP, VNOM, VZ, WDR, WERN, WES, WEX, WGP, WLL, WPX, WR, WRLD, WTI, WU, WYN, XEC, XELB, XL, XOM, XON, ZINC, ZQK

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

Utilities big loser ahead of Jobs data

Posted by Admin on July 2, 2014

Index & Sector performance 7/2/14 The Market: The WSC Scoreboard was relatively flat to mixed with the Dow (DIA), S&P 500 (SPY), and NASDAQ (QQQ) closing slightly higher while the Russell 2000 (IWM) finished 0.35% lower. In individual sectors, the Utilities (XLU) stood out as the biggest loser finishing 1.99% lower on the day and appears vulnerable to even more downside action after being the leader so far in 2014. Every stock in the XLU finished down on the day with some finishing down over 3% including Exelon (EXC), FirstEnergy (FE), and Entergy (ETR) down 3.11%, 3.50%, and 3.25% respectively. …

Category Tabber, The Nightcap · Tags AAL, AAPL, ABBV, ACT, AMAT, APL, ATLS, AWI, BBSI, BHI, BLRX, BMY, BZH, CFX, CRTO, CRZO, CSIQ, CSTE, CXO, DDD, DIS, DRWI, ENPH, ENV, EOG, EPB, ETN, ETR, EXC, FBHS, FE, FTNT, GLUU, HIW, HRL, IBCP, ICPT, IPG, ISCA, JDSU, LLY, LMCA, MAS, MCF, MM, MRK, MW, NGLS, OC, OHI, ORCL, PANW, PFE, PINC, PKD, PKE, PLT, RGSE, SCTY, SSYS, STCK, STEM, SUNE, SWK, SXE, TGTX, TRGP, TWX, URBN, USB, USG, UUUU, VET, VIPS, WBMD

Short week, low vol, mixed results

Posted by Admin on June 30, 2014

Index & Sector performance 6/30/14 The Market: An overall mixed session saw the Russell 2000 and NASDAQ finish higher while the Dow and S&P 500 finished slightly lower. Volume was down which will likely be a trend this shortened holiday trading week. In Individual sectors, the Utilities (XLU) led and earlier in the session the Transportation sector (IYT) was a relatively close second but a late day sell off put it just behind the Materials (XLB) and in-line with Retail (XRT). The largest gainer in the Utilities was Pinnacle West Capital Corporation (PNW) which finished up 2.41% and looks like…

Category Tabber, The Nightcap · Tags AAL, AES, AMED, ATI, AYI, BDX, BEBE, BRO, CA, CACI, CELG, CHTR, CP, CRZO, CTRP, CVCY, DHI, DVA, DWA, ELGX, ELLI, EVAR, EWY, FDX, FINL, GWPH, HTLD, IGXT, KBH, KLAC, KONA, LRCX, MBII, MCHX, MILL, MNKD, MRH, MTH, MYGN, NSC, NTAP, NTRS, OAS, OILT, PANW, PHM, PLKI, PNW, RCPT, RE, RGC, RYAAY, RYAM, RYN, SFXE, SN, SNA, SNDK, SWFT, TAM, TLYS, UNP, VAR, YHOO

Early optimism wanes

Posted by Admin on June 24, 2014

Index & Sector performance 6/24/14 The Market: After a very tight trading range in the overnight session, the market moved higher after the New Home Sales and Consumer Confidence data was released at 10 am ET. Both handily beat estimates rising to their best levels in 6 years, however, this optimism proved to be short lived as the S&P 500 topped in midday trading and spent the remainder of the day losing ground finally finishing 12 points lower in the S&P 500 cash index and roughly 20 points off the intraday highs. In individual sectors, Energy (XLE) clearly led all…

Category Tabber, The Nightcap · Tags AAP, AAPL, ABBV, ACC, AMZG, ARCW, BBBY, BBY, BCEI, CDE, CLS, COG, COST, CRZO, CSX, CTRP, CYBX, DPS, DRYS, DVN, EBAY, EOX, GLW, GPOR, GRC, GST, GTIV, HBI, IDXX, INUV, INWK, KMI, KOG, LMAT, LPI, LYB, MCRS, MCS, MEOH, MHLD, MHR, MTOR, MU, NFX, NNN, NSC, OHRP, ORLY, OXLC, PBPB, PDCE, PE, PETM, PLXT, POWL, PPC, PRXL, PXD, RICE, SBH, SO, SONC, SPLS, SRC, ST, SYRG, TBI, TEG, UNP, VRTX, VSI, WMT, WNS, WSM, WWWW, XEC

S&P takes back overnight losses plus

Posted by Admin on May 5, 2014

Index & Sector performance 5/5/14 The Market: The S&P futures moved lower in the Sunday overnight session attributed to weak economic data out of China as well continued unrest in Ukraine. The futures continued lower throughout early trading Monday but found a bottom right at the open on an initial spike lower to 1860.50ES which was quickly bought and the index started a march higher reaching 1880ES by 2:30 pm ET. The index spent the last hour consolidating the near 20 point intraday rally. If 1872ES holds in overnight trading it appears the index could look to make a move…

Category Tabber, The Nightcap · Tags AAPL, ACM, ACOR, ADMS, AEGR, AEL, AEM, AER, AINV, AKRX, AME, AMRI, AMT, ARCC, ARCO, ARIA, ARW, ATHM, BA, BBG, BBT, BEAV, BOFI, BRCD, CBOE, CBT, CEQP, CJES, CLH, CMG, CMLP, CNK, COCO, COP, CRM, CRTO, CRZO, CUBE, CVA, CVD, CVS, DIS, DISCA, DNR, DRC, DTV, DWRE, EDU, EL, EMR, EXH, EXR, FE, FEIC, FEYE, FUEL, GDP, GIL, H, HCLP, HCP, HEAR, HFC, HP, HPT, HSH, HSIC, HST, IFF, IQNT, KING, KOG, KWK, LII, LJPC, LLL, LNG, LQ, LRE, MCEP, MD, MM, MMP, MNTA, MONT, MPW, MRC, MTZ, NBR, NRG, NTI, NUS, OAK, ODP, OZM, PDCE, PEG, PKI, PQ, PSDV, RDC, RHP, RXII, SBAC, SC, SNDK, SO, SPR, SUSS, TAST, TDG, THRM, TLMR, TMH, TSRA, TW, TWX, VMC, VRTS, VSH, VTG, WCC, WCG, WNR, WTS, XRAY, ZBRA, ZTS, ZUMZ

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

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

Choppy trading leaves the indices flat

Posted by Admin on February 26, 2014

Index & Sector performance 2/26/14 The Market: A choppy trading session to saw a sell off toward the open which ultimately was bought until midday when the S&P started to make its way back down toward and below the previous intraday lows. Again buyers stepped in and were able to close the S&P 500 essentially flat on the day. Companies scheduled to report earnings pre-market: Analyst Comments:

Category Tabber, The Nightcap · Tags ACIW, ALKS, AMRS, AMT, ANIK, APL, ARIA, BOOM, BRS, CECO, CHS, CIE, CKEC, COV, COWN, CQB, CRZO, CTRN, DANG, DLR, DRH, DWA, DYAX, DYN, EIGI, EME, EOG, EPE, EPL, ERA, EVHC, EXH, EXLP, EXPD, FIG, GBCI, GSM, GTI, HELI, HK, HLT, INCY, ITC, ITCI, ITMN, IVAC, JAZZ, JNPR, KLIC, KSS, LAMR, LINE, LKQ, LNCO, LNKD, LPI, MGM, MYL, MZOR, NTLS, NUTR, NXTM, OCN, PACD, PSXP, QCOR, RDC, RJET, RRC, RTEC, SFY, SHLD, SLB, SPLK, SQI, SRPT, SUNE, SUNS, TDC, TOL, TPH, TRVN, UNT, VLP, VNO, WIN, WMT, WNR, WPX, YRCW, ZLC

Low volume day follows the trend

Posted by Admin on November 22, 2013

Index & Sector performance 11/22/13 The Market: The market made solid gains trending higher all day to close over $1800 in the S&P 500. If there was anything concerning about today’s rally, it was the volume which seemed very light but seeing a market move in the direction of the trend on low volume days is not uncommon. There was not much on the Economic data front today besides some fed speak but Thursday the 21st was big. Unemployment Claims came in better than expected posting 10K below (323K vs 333K) expectations while the previous week was adjusted slightly higher…

Category Tabber, The Nightcap · Tags ACE, ADSK, AES, AFFX, AMCX, ARIA, ARUN, BEN, BONT, CHTR, CPHD, CRK, CRZO, CVA, CXW, CYBX, DLTR, FRX, GLPI, GME, GOGO, HAYN, INTC, JBLU, LNC, LQDT, LRE, MPO, MRVL, MU, NUS, OTEX, P, PAY, PDCE, PFG RE, PODD, PRE, QIWI, RAX, ROST, SGI, SGY, SIMO, SMCI, SN, SPB, SPLK, TFM, TFX, TGT, TMK, TTWO, TWC, UAL, UBNK, UNIS, USAK, VMEM, VRTS, XEC, YUM

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