Low Volume Slow grind Higher

Posted by Admin on February 17, 2015

Index & Sector performance 2/17/15 The Market: Monday the markets were closed in observance of President’s Day. As trading started back Monday evening, the futures traded lower but by the open Tuesday all the loses were recouped and after an early session consolidation the index pressed toward new closing highs. Volume was light but this could be due to the winter storms around the nation. All broad indices on the WSC Scoreboard are noticeably higher YTD with the Dow (DIA) lagging and the NASDAQ (QQQ) leading. In individual sectors it a little more mixed. HealthCare (XLV) was the clear leading…

Category Tabber, The Nightcap · Tags A, AAP, ABMD, ACC, ACT, ADI, ADT, AKR, ALLE, AMC, ANAD, ANGI, ASGN, ASPN, AUY, BAM, BBG, BCRX, BOX, BWA, BXMT, CCG, CF, CHRS, CIR, CLD, CNK, CONE, COP, CRTO, CTCM, CXO, DG, DHT, DLNG, DLTR, DUK, DVN, DXYN, EGN, ELOS, ENBL, ENLC, ENLK, ENPH, EQY, ESPR, ETRM, EURN, FANG, FE, FEYE, FLR, FLS, FOSL, FSL, FSP, GEO, GNC, GPRO, GRMN, GTIM, H, HD, HDP, HL, HLT, HR, HTA, HUN, I, ICON, IMAX, INCY, JACK, JWN, KALU, KAR, KNOP, LYB, LZB, M, MASI, MDCO, MET, MRGE, MTSI, MU, N, NCLH, NGLS, NI, NMBL, NOR, O, OHI, OMI, P, PBPB, PEB, PEI, PFNX, PHH, PRAA, QIWI, RAX, RDN, REG, REGN, RIG, RRGB, RYN, SABR, SBGI, SBLK, SCL, SERV, SHO, SIR, SJM, SNE, SONS, SRPT, SRV, TEX, TFX, TGI, TNK, TNP, TNXP, TOWR, TRGP, TROV, VA, VDSI, VECO, VFC, VIP, VMC, VMI, VNO, VSTO, VTR, WAB, WBC, WSO, WY, XEC, XRAY, YNDX, ZAYO, ZBB

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

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

Energy green in a sea of red

Posted by Admin on June 11, 2014

Index & Sector performance 6/11/14 The Market: As we noted late last week and reiterated in Monday’s report, the S&P 500 closed outside of its Weekly (20, 2, -2) Bollinger Bands which has previously lead to counter trend moves for a few weeks to months. While we respect the strong uptrend in the market, we also believe this is time to exercise caution on the long side, at least for the broad market. One additional note. While many market pundits in the media have been looking for pull back and becoming cautious recently, they also seem very willing to step…

Category Tabber, The Nightcap · Tags AAPL, ABR, ACHN, ALDR, AMTD, AMZN, ANGI, APC, AVNR, BA, BDN, BEAV, BID, BOBE, CHK, CMTL, COP, CPE, CVA, DCIX, DDD, DSX, DVN, EW, EXPE, FRAN, JMEI, KANG, MAR, MATR, MHFI, MRVL, MU, OCRX, PB, RAI, RGDO, SKUL, SNDK, SWKS, SYK, SYNA, TAP, TEU, THC, TOWR, TPLM, UNM, WLL

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

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

FOMC minutes ease market concerns

Posted by Admin on April 9, 2014

Index & Sector performance 4/9/14 The Market: After bottoming and bouncing in yesterday’s session, the S&P 500 futures spend the majority of the overnight session consolidating in a tight range. This lead to an early breakout, retest, and continuation higher but it was after the FOMC minutes were released at 2pm ET when the strongest gains were realized. Concern the Fed would be aggressive with rate hikes subsided and traders rewarded the market with 1+% gains across the board with the Nasdaq leading the charge up 1.7%. Next on the economic data schedule is Unemployment Claims which are released at…

Category Tabber, The Nightcap · Tags AA, ABC, ABCO, ACI, ACT, AEGN, AMID, AMRI, AMSG, ANR, APA, ARO, AVGO, BERY, BLL, BMRC, BMS, CBOE, CBSH, CG, CNX, CPHD, DHR, DRTX, DVN, FBHS, FDO, FEYE, FIBK, FLML, FNFG, GM, HCSG, HIBB, HSY, HWAY, IGTE, IP, JMP, KRC, KT, LNKD, MDAS, MGIC, MNK, NDAQ, NRG, NX, NXPI, OMCL, PENN, PIR, PKI, PZG, RAD, RKT, RXDX, TITN, VNO, VTNR, WLT, WR, YELP

FOMC statement & new Chair tomorrow

Posted by Admin on March 18, 2014

Index & Sector performance 3/18/14 The Market: We would not be shocked to see the market meander overnight and into tomorrow until the FOMC statement and Fed Chair Janet Yellen’s first press conference. While we do not expect there to be a great difference in message or tone from the Fed, do not be surprised if the market uses this opportunity to send a message to Yellen if there is something that is not liked. In the meantime, traders should watch today’s high of 1867ES as a break could be signaling a move to 1880ES and the index should see…

Category Tabber, The Nightcap · Tags AF, AFOP, AMC, AMCX, AMZN, ATEC, CACI, CB, COH, CSCO, CSU, DRTX, DVN, EA, EJ, FDX, FLML, FLO, GALE, GIII, GIS, HPQ, ICPT, INO, JASO, JWN, KATE, KBH, KEX, KORS, LLL, LOGM, LPI, LVLT, MKTO, MRTX, NBR, NOA, PAAS, PVH, RL, RTN, SFLY, SINA, SLXP, UMPQ, UTX, VNCE, VNET, VRA

S&P finds support at 20 day SMA

Posted by Admin on March 12, 2014

Index & Sector performance 3/12/14 The Market: Overnight trading took the S&P 500 futures index down to our target region of $1857-50 with the low of the session printing $1853.75ES right near the open which correlated with the S&P 500 cash index touching the 20 day SMA. From there we bounced and then spend the rest of the day consolidating in a flag which has broken to the upside in after hours but with not much gusto. Until the index clears the $1870-72.50ES area we will consider the potential for more downside. Tomorrow is the heaviest day of the week…

Category Tabber, The Nightcap · Tags ABC, AEO, AIG, ALLT, AMCX, ATRS, BDN, BRCM, CBK, CBST, CELP, CHD, CLH, CLSN, DG, DKS, DPM, DRH, DSCO, DVN, ECL, FCEL, GGP, GOGO, GPT, HIMX, HRZN, HTGC, HZNP, ICGE, INFN, INVN, ISIL, KERX, KIOR, KIRK, LEAF, LGF, LOGM, LVS, MCK, MEI, MLNX, MPWR, MSI, MW, NTES, NWBO, ORBC, PAY, PBR, PGNX, PLUG, PMC, RAD, RICE, SGMO, SLAB, SMLP, SNMX, SUNE, SXCP, TDY, TOWR, URBN, WAG, WYNN

Market starts on Tryptophan

Posted by Admin on December 2, 2013

Index & Sector performance 12/2/13 The Market: Overall not a very active day in this first full trading session after the Thanksgiving holiday and to start December. Today’s action started with an early dip that was quickly bought and started to rally higher until 12:30 pm EST. That is where the rally lost steam and started a descent back down toward the earlier lows. The market reached and went through those lows finally closing at $1800 in the S&P 500. It is unclear if this slow start to the month is about to start a slide or if it is…

Category Tabber, The Nightcap · Tags AAPL, AEO, AMZN, ARRS, AVGO, AXS, BKYF, CAB, CASM, CUDA, DOW, DRTX, DVN, EBA, EBAY, ECYT, FHCO, FI, GAS, GE, GRPN, GT, GTLS, HD, HOLX, ISLE, KNX, KO, KPTI, LGIH, LTXC, MEOH, MMM, MNST, MO, MPC, MVNR, OII, OPEN, PANW, PBR, RE, REX, RGLD, RKUS, ROYT, SLW, SPG, SYBT, TWTR, UNP, URBN, UTHR, WIX, WR, XL

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