Back test of the 20 & down

Posted by Admin on December 11, 2014

Index & Sector performance 12/11/14 The Market: Strong optimism in early trading was attributed to better than expected Retail Sales numbers and Unemployment Claims along with the stabilization of oil but in midday trading, after the S&P 500 (SPY) had rallied back to re-test its 20 day SMA, oil started to slide and took the SPY with it. While the table above shows the SPY up on the session, as it currently stands those gains have been entirely erased in the aftermarket. We will be watching the overnight session to see if the S&P can stabilize, reverse, or if it…

Category Tabber, The Nightcap · Tags ABBV, ABCO, ALTR, AR, AREX, ARIA, ATHN, AVT, BDC, BEAVV, BRX, BXP, CALD, CLR, CNX, DOX, ECR, EOG, EPE, EQR, EVR, FLR, FSFR, GDP, GLOG, GPOR, HCN, KEYW, LC, LLY, MAC, NFX, OAS, PCAR, PLD, PPS, PXD, SN, SPG, SPLS, SWC, SYRG, TC, TCO, TGP, TOL, UNFI, UTHR, VNOM, VTL, VTR, WLL, WPX

Tight trading ends with pop higher

Posted by Admin on November 18, 2014

Index & Sector performance 11/18/14 The Market: After multiple sessions trading in a tight range the broad indices broke-out to new highs. It is worth noting that volume was again light but that has been the case throughout much of this recent rally after the mid October bottom. In the after hours session the futures started to give back some of today’s gains so we will be looking to see if today was a false breakout which gives way to a pullback or if the indices can hold. In individual sectors, HealthCare (XLV) led finishing 1.61% higher helped by strong…

Category Tabber, The Nightcap · Tags A, AAPL, ACT, ADHD, AEC, AGN, ALDX, ALG, ALGT, CANF, CBS, CI, CJES, CLB, COV, CRAY, CSIQ, CSTM, CVI, DEST, DISCA, DK, DLTR, EA, EJ, EOG, FB, FET, FI, GIB, GMCR, HCP, HIMX, HLX, HNT, HP, HTZ, IOC, ISIL, LITB, LOW, M, MDT, MGI, MNK, MPC, MTW, NBR, NBS, NGD, NORD, NTWK, OMAM, OTEX, PANW, PBH, PDCE, PSX, PTEN, RMD, SALT, SHLD, SJM, SNDK, SNR, SPLS, SPN, SSI, TENX, TEX, TGT, THOR, TRVN, TSE, TSN, TSO, TTEK, TXRH, TYC, UA, UAM, UNH, URBN, VFC, VLO, WAC, WCG, WFC, WLP, WMGI, WNR, WRES, YHOO

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

New Ebola scare helps market off highs

Posted by Admin on October 23, 2014

Index & Sector performance 10/23/14 The Market: The market was cruising along today until roughly 2pm ET when the market turned and then started quickly losing ground. Traders pointed to news that a doctor who had treated Ebola patients was rushed to the hospital in New York City. The sell off was not enough to give back all the days gains but we closed well off the intraday highs. Many sectors from the WSC Scoreboard participated in the rally with the biggest gainer the Industrials (XLI) finishing up over 2% helped greatly by Union Pacific Corporation (UNP) and 3M (MMM)…

Category Tabber, The Nightcap · Tags AAN, ABBV, ADXS, ALGT, ALU, ANGI, AVY, AXLL, B, BA, BABA, BBT, BDBD, BEAV, BMY, BSX, CHKP, CL, CLR, CLW, COG, CTCM, CTXS, DDD, DLPH, DOW, DTE, EDU, EGHT, EMC, ENDP, EOG, ETAK, F, FET, FLIR, FMC, FNFG, FOSL, FTI, FTNT, GD, GLF, HLSS, IDXX, IHS, IMGN, IMS, INFN, KO, LEA, LGND, LHO, LMT, LPNT, LQ, LULU, LYB, MCO, MERC, MLNX, MMM, MNI, MNK, MOS, NBR, NDAQ, NDRO, NOC, NOW, NPBC, NTGR, OC, OCR, OFC, PG, PII, PVA, SKX, STNG, STT, SXC, T, TCB, TE, TLLP, TSCO, TUP, UBSH, UNF, UNP, UPS, VAR, VOC, VTR, WBC, WRLD, WYN, YELP, ZMH

Global unrest helps fuel market decline

Posted by Admin on July 17, 2014

Index & Sector performance 7/17/14 The Market: Broad based sell off today saw all 5 (S&P 500 equal weight index (RSP) added today) major indices from the WSC Scoreboard finish over 1% lower except the Dow (DIA) which managed to only lose 0.85%. No surprise leading the way to the downside was again the Russell 2000 (IWM) which is now solidly down for the year and underperforming the S&P 500 (SPY) by 8.5% and the NASDAQ (QQQ) by 10%. The double top in the IWM which we started discussing over a week ago is now more pronounced and as a…

Category Tabber, The Nightcap · Tags ABT, ADTN, AEZS, AFL, AHP, AHT, AIR, ALGT, ALV, ASML, BK, BLK, BRX, CHTR, CLC, CMCSA, CNX, COG, CSX, CTG, DDR, DLTR, EL, ENOC, ENSG, EOG, FHN, FRC, GE, GNC, GOV, GPOR, HBAN, HNRG, HON, IGT, IGTE, ILMN, IPG, JCI, KALU, KNL, KRC, KSU, LH, LVS, MILL, MRD, MTD, PCYG, PETM, PKI, PNC, REI, RSPP, SAVE, SIAL, SLCA, SLG, SSE, STJ, TFM, TWX, TXT, UBA, VFC, WAT

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

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

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

Buy the rumor – Sell the news?

Posted by Admin on October 16, 2013

Index & Sector performance 10/16/13 The Market: Another strong day in the market sent the S&P 500 index over 23 points higher after a brief consolidation day yesterday. What started as a small gap quickly ran in the first hour of trading eventually topping at 11:15 am EST. The market then consolidated until 2:30 pm EST when it bottom and started a rally back toward the highs of the day. Amidst a light economic data week, the news of Washington and the pending debt deal have continued to drive attention and trader reaction. Ahead of tomorrow’s Unemployment data (357K Consensus)…

Category Tabber, The Nightcap · Tags AAP, AAPL, ABT, AET, AMT, AZO, BAC, BAX, BBT, BBY, BHI, BTU, BWA, BX, C, CAMP, CI, CONE, COR, CPE, CPSI, CQB, CRK, CSCO, DGX, DHR, EGL, ELLI, EOG, EW, FDX, FITB, FLS, FRC, GDOT, GLUU, GS, GTI, GUID, HBAN, INTC, ITT, IVZ, JNPR, JPM, KO, KR, LBTYA, LNC, LNG, MMC, NUE, NWBO, PENN, PEP, PF, PM, PNR, PPG, REXX, S, SCHW, SM, SNA, SON, SPW, STLD, SWK, TRW, ULTI, UNH, UNP, VIP, VRTX, VVUS, VZ, WFT, WSR, YHOO

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