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

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

Volatility the new norm

Posted by Admin on October 16, 2014

Index & Sector performance 10/16/14 The Market: A session like today may look uneventful when scanning the WSC Scoreboard and looking at the end of day changes but it masks the large intraday swings. An example is the S&P 500 (SPY) had a roughly 50 point range from high to low today (5 points in the SPY) which represents nearly 3% based on today’s opening price. Traders and investors need to be prepared for an environment with increased volatility which could last for an extended period. The Russell 2000 (IWM) remains the clear leader of late finishing up over 1%. …

Category Tabber, The Nightcap · Tags ABBV, AFSI, APD, APO, AQXP, ARW, ASML, AXP, BAC, BC, BIDU, BK, BLK, BMRN, BMY, CAP, CASY, CBSH, CFR, CLD, CMA, CMRX, CRM, CSX, CYH, DHR, DIS, EBAY, EQM, EXTR, FEYE, FHN, FLT, FMC, FRAN, FSL, FTK, GE, GEVA, GGG, GLOG, GPOR, HBAN, HCA, HCC, HON, HST, ILMN, JWN, KSU, LPNT, LULU, LVS, MEIP, MMP, MS, MTB, NFLX, NSC, OZRK, PKG, RARE, RH, RIO, RNET, SPA, SPHS, STI, STJ, SWAY, TAL, TCK, TGH, THC, TIF, TRS, TWX, TX, TXT, UHS, URBN, VIAB, VNOM, WFC, WMT

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

Early dip finds interested buyers

Posted by Admin on July 28, 2014

Index & Sector performance 7/28/14 The Market: Early moves lower in the broad market indices soon found buyers and managed to finish the day near flat on the session with the Russell 2000 (IWM) continuing to lag. The DOW (DIA) played MA pinball with the lows in the early session touching the 50 day EMA while the highs of the session back tested the 20 day EMA. The stand out sector from the WSC Scoreboard was the Utilities (XLU) finishing up X% higher on the session. Every name in the sector ETF was higher and that vast majority were up…

Category Tabber, The Nightcap · Tags AAL, AAN, ABAX, ACI, ACRX, AEGR, AET, AGCO, AKS, ALK, ALLY, AMG, AON, ARCP, ARRS, ARW, BAS, BDN, BIDU, CAM, CDE, CIB, CIT, CLB, CLF, CNX, COG, COV, CPN, CSCO, CVLT, DHT, DK, DLR, DSW, DSX, DYN, ECL, EE, EL, ENPH, ENTG, EQM, EQT, ESRT, ETN, ETR, FBIZ, FIS, FSRV, FSS, GILD, GLPI, GLRE, GLW, GNC, GPOR, HCA, HOT, HRZN, HTBK, HW, ICON, INFA, INVN, IP, ISTR, ITW, JNPR, KLIC, LEA, LO, LPNT, LTM, LUV, LVLT, MDC, MDSO, MDXG, MHFI, MLM, MMC, MRK, NBL, NEE, NEP, NERV, NLSN, NOV, NR, NS, NSH, NYT, OSK, PBI, PCAR, PCG, PFE, POR, QRE, RAI, RAS, RNA, RSO, RYN, SAVE, SBAC, SFE, SIRI, SMTC, SNCR, SSE, ST, TEX, TRP, TRW, TWC, TWX, UDR, UHS, UPS, UTHR, VSH, WCG, WDR, WLB, WM, WSFS, WYNN, XRX, XYL, Z, 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

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

Intraday swing leave only small gains

Posted by Admin on April 28, 2014

Index & Sector performance 4/28/14 The Market: After moving slightly higher in the overnight and early trading, the S&P 500 quickly dropped in the midday session before finding a bottom around 1:30 pm ET. While the S&P fell a few points short of making it back to the earlier intraday highs, it did manage to post a small gain on the day. The Dow led the major indices helped by a 4.2% gain from Pfizer (PFE) while the Russell 2000 closed slightly down on the day. Many big name stocks in the news including the aforementioned Pfizer (PFE) who…

Category Tabber, The Nightcap · Tags ADM, ADSK, AEP, AGCO, AGN, ALK, ALR, ALTR, AMG, AON, APD, ARRY, AZN, BBRY, BCE, BHI, BKW, BMY, BRK.B, BSX, CFX, CHKP, CIT, CL, CLH, CMI, CMLS, CNX, COH, CORI, CRTO, CTL, CTXS, DBD, DDD, DECK, DWA, EMN, EQM, ESV, ETN, F, FLIR, FRX, GAIA, GAS, GEO, GILD, GPOR, GST, GT, GTLS, HCA, HCBK, HIBB, HOG, HOS, HOT, HRS, HUN, HW, IPGP, IRWD, KLIC, LCNB, LEA, LKQ, LYB, MCBC, MDCA, MGI, MGM, MHFI, MLM, MOG.A, MRK, MTH, NU, OSK, PBH, PCAR, PES, PFE, PH, PNRA, POR, RBA, ROK, RRST, RUBI, RYN, S, SAIA, SAVE, SGMS, SLAB, SPN, ST, TEDU, TROW, TRW, TWC, UDR, UHS, USG, UTHR, VLO, WAIR, WAL, WAT, WDR, WFT, WLT, WWW, XYL

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

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

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