Watch out for traps

Posted by Admin on December 9, 2014

Index & Sector performance 12/9/14 The Market: The S&P 500 found itself down over 20 points within the first hour plus of trading as traders pointed to concerns over China and Greece. Throughout the early drop the Russell 2000 (IWM) remained strong down only a fraction of the other indices and then was the first to turn positive on the day. The IWM’s resilience continued throughout the remainder of the trading session and finished the clear leader. Today’s action certainly feels like another Bear trap where the market looks as though it is about to start a major prolonged slide…

Category Tabber, The Nightcap · Tags AB, ACE, ACGL, ADS, AEO, AGN, AJG, AKRX, ALL, AMAT, AMG, ANET, AON, APA, APAM, ATHN, AVY, AXP, BCC, BCRX, BEN, BERY, BLK, BLUE, BMS, CARA, CB, CCK, CELG, CHKE, CMN, CNSI, COH, COP, COST, CSCO, CTB, CXO, DDC, DDS, DFS, DOV, DWA, EOX, EV, EW, FGEN, FGP, FII, FITB, FRAN, FRGI, FSFR, GDOT, GILD, GPOR, GRMN, HAFC, HALO, HCP, HOV, IP, IVZ, JNPR, JNS, JYNT, KEY, KSS, LAYN, LE, LECO, LG, LHCG, LL, LM, LMRK, LPX, LRCX, M, MA, MAC, MKSI, MMC, MN, MPO, MTN, NAP, NAVI, NBR, NDRM, NEE, NEWT, NU, NWY, OI, OII, OMAM, OVAS, PDCE, PGR, PKG, PMCS, PNC, PRE, PXD, RE, RKT, RNR, RRC, RVNC, SAGE, SAVE, SEE, SEIC, SKT, SLB, SLCA, SLG, SM, SNSS, SONS, SSNC, SYF, TITN, TOL, TR, TROW, TRV, TSN, TSS, VA, VECO, VLO, VNCE, VOLC, VRA, VZ, WAG, XL, ZSPH

ECB helps U.S. Dollar & market higher

Posted by Admin on November 6, 2014

Index & Sector performance 11/6/14 The Market: Comments from ECB President Mario Draghi suggesting that the central bank is committed to stimulating the region’s economy helped send the S&P 500 (SPY) and the U.S. Dollar higher on the session. As would be expected the Euro/Dollar cross was under pressure finishing the U.S. trading session at new 2 year lows. A strong dollar is not a bad thing and increases global purchasing power of U.S. companies and individuals. However, as we saw recently with the Trade Balance, a strong dollar can hurt exports. Coupled with concerns over crude oil’s recent decline…

Category Tabber, The Nightcap · Tags ACRX, ACT, AGIO, AMZG, ANSS, AXLL, BAM, BPL, CBS, CCOI, CDTI, CLH, CLNY, CMLP, CMRX, CSOD, CSTE, CTB, CXO, DATA, DKL, DUK, EBIX, EOG, FANG, FEYE, FOXF, FRGI, HRL, HUM, ICE, ICPT, IDRA, IRWD, ISIS, IT, LPI, LXP, MDLZ, MDR, MHR, NICE, NP, NXPI, NXST, OAS, PDII, PGNX, PLNR, PPO, PRA, PSDV, PXD, QCOM, REXX, RIG, RKUS, SCTY, SKUL, SLW, SSP, SSYS, STAY, STBA, STNG, SWIR, SYKE, SYMC, SZYM, TEAR, TNGO, TSLA, TTI, TWX, VIVO, WFM, WMS, WWWW, WYNN, Z

Early momentum fades

Posted by Admin on August 11, 2014

Index & Sector performance 8/11/14 The Market: Stocks started off the day building on Friday’s gains but near midday the S&P 500 topped out and then spent the rest of the day moving lower. All 4 indices on the WSC Scoreboard finished the day higher but the NASDAQ (QQQ) and Russell 2000 (IWM) were the clear winners with the IWM gaining nearly 1%. The leading sector on the day was the Consumer Staples (XLP) but the stock in the index that stood out the most was to the downside and that is Dean Foods (DF). DF finished the day down…

Category Tabber, The Nightcap · Tags ACHN, AER, AFSI, ARCW, ARRY, BCEI, CDNA, CETV, CHUY, CLRO, CPHD, CST, CTRX, CUBE, CVG, CXO, ENBL, ENLC, EQY, ETP, FCX, FI, FLO, GILD, GNC, GPOR, GPS, GST, H, HGR, INSY, IRMD, JCP, JONE, KATE, KING, KKD, KMI, LGIH, LGP, LMT, LOJN, LPI, MGA, MSTR, MVNR, MWE, NFLX, NOC, NRF, OAS, OCIP, OSK, PDCE, RCPT, RGLD, RL, ROKA, SMT, SWX, TDW, THOR, TOUR, TRVN, TSLA, TW, TWOU, USAC, VAL, WMT, WYN, XLRN

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

Tech stocks lead sell-off

Posted by Admin on May 6, 2014

Index & Sector performance 5/6/14 The Market: Last night we noted 1872ES as a key level to watch. If it held as overnight support then the index could look to target Friday’s 1886ES highs but if lost then we could see Monday’s lows of 1860.50ES tested and then 1850ES. In overnight trading the S&P was only able to reach 1881.50ES falling short of Friday’s highs and by the open the futures were sitting at our key 1872ES level. After some initial jostling around the 1872ES level, the index started to roll over in midday trading reaching as low as…

Category Tabber, The Nightcap · Tags AGN, AIV, AOL, APC, ARIA, ARQL, ATHN, AVA, AYR, BAM, BBG, BHI, BSFT, BXP, CERU, CFN, CHK, CLH, CLMT, CLR, COWN, CTRP, CTSH, CXO, DATA, DCT, DUK, DVN, DWA, EGP, EMES, END, EOG, FPI, GDP, GIL, GTE, GTIV, HAL, HEAR, HNT, HST, HTZ, HUM, INTL, IPWR, KBR, KING, KN, LAMR, LCI, LGND, LPT, LUV, MDLZ, MEMP, MVG, NAVB, NCMI, NLS, NTLS, OAS, P, PAHC, POM, PQ, PRGO, RAS, RIGL, ROC, RRC, SALE, SBGI, SCHW, SE, SFUN, SGEN, SILC, SLB, SMG, SNSS, STAY, SUSS, SYNA, T, TAP, TAST, TGT, TKR, TMHC, TNET, TREX, TS, TWTR, VLO, VOYA, VSI, VSTM, WBAI, WPX, WRES, XEC, YELP, ZOES

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

Thank you to our Vets!

Posted by Admin on November 11, 2013

Index & Sector performance DATE The Market: Any given day stocks will make big moves but today with the bond market closed in observance of Veteran’s Day the broad markets seemed happy to consolidate. Do not be surprised if today’s action is the calm before a strong directional move. Being that today was a Bank Holiday, there was no government economic data announced. We did see the NFIB Small Business Index come in slightly below expectations posting a 91.6 when 93.5 was expected. Story Stocks: Merger Monday as ViroPharma (VPHM) agreed to be acquired by UK drugmaker Shire (SHPG). The…

Category Tabber, The Nightcap · Tags ABFS, AGCO, AMAT, AMD, AMTD, ATW, BBY, BCEI, BRS, BURL, CCC, CCOI, CPK, CRUS, CXO, DF, DHI, DIOD, DISH, DSCO, ENR, EPAM, ESRT, FITB, FUEL, GOGO, GPOR, IMGN, INSM, JAH, LLY, NRG, NS, PENN, PRTA, PVTB, RIG, ROC, ROSE, RRC, SHPG, SLXP, TREE, VEEV, VPHM, WTR, XOM, YGE, YOKU

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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