S&P 500 makes new closing highs

Posted by Admin on August 20, 2014

Index & Sector performance 8/20/14 The Market: A respectable session for the Dow (DIA) and S&P 500 (SPY) as the SPY finished at a new closing high and the DIA is not all that far off. The NASDAQ (QQQ) managed to finish slightly up on the session and while not as strong as the DIA or SPY, the QQQ has been the clear leader on the year. The Russell 2000 (IWM) continues to lag and was unable to finish the session higher like the other broad indices however the index did manage to rally well off the earlier lows. In…

Category Tabber, The Nightcap · Tags ADM, ATVI, BKE, BONT, CATO, CMCM, CNP, CYBX, DKS, DLTR, DNKN, EROS, GTAT, HD, HRL, HTZ, ILMN, JASO, JBLU, KIRK, LANC, LOW, LYTS, NM, OKS, PAG, PDCO, PERY, PLCE, PNRA, PWRD, RDEN, RGSE, SKUL, SKX, SMRT, SNHY, SSI, SXC, THOR, TJX, TNP, TPH, TTC, UCBI, WIN, WUBA, YOKU

Tech and HealthCare EPS lead

Posted by Admin on July 23, 2014

Index & Sector performance 7/23/14 The Market: Today the stand out index was the NASDAQ (QQQ) which finished 0.64% higher with a lot of help from Apple (AAPL) which finished the day up 2.61% after reporting EPS yesterday after the close. The S&P 500 (SPY) and Russell 2000 (IWM) were relatively flat, while the Dow (DIA) was the clear laggard and the only index to finish down on the session. Weighing on the Dow was Boeing (BA) and Caterpillar (CAT) which finished down 2.34% and 1.53% respectively. In individual sectors it was HealthCare (XLV) which shined helped immensely by Intuitive…

Category Tabber, The Nightcap · Tags AAPL, ABC, ALXN, AR, ARG, BA, BC, BCC, BCO, BIIB, BK, BKU, BMS, BMY, BPOP, BR, BRCM, BSX, CAB, CAM, CAT, CATM, CCE, CCK, CELG, CHKP, CLF, CLI, CMCSA, CMS, CNC, COG, COL, CRI, CSH, CTB, DAN, DD, DFS, DFT, DGX, DHI, DNKN, DO, DPS, DRH, EA, EAT, EDU, EQM, EXAS, F, FAF, FANG, FLIR, FMER, GNTX, GPI, GT, H, HA, HLT, HLX, HOT, HST, HSY, HXL, IMS, IR, ISRG, JAH, JAZZ, JBLU, JNPR, KING, KKR, LAZ, LHO, LII, LLY, LTM, LUV, MANH, MCD, MDRX, MMM, MSFT, MTH, MWE, MYCC, NBL, NDAQ, NPBC, NUE, O, PAA, PBYI, PCP, PDCE, PEB, PENN, PHM, PMBC, PNK, PRLB, PTEN, QCOM, QDEL, QSII, RCL, RGP, RHI, ROIC, RRC, RS, RTN, SHO, SIAL, SIMO, SXC, THRM, TRGP, TROW, TSE, TWI, UA, UAL, UNP, USG, UTX, VMW, VZ, WAB, WCC, WCN, WLL, WYN, XLNX, XPL, ZMH

This down day came with volume

Posted by Admin on July 8, 2014

Index & Sector performance 7/8/14 The Market: *** Administrative Note: Due to traveling, this will be the last update for the week. *** A second straight day lower for all 4 broad market indices on the WSC Scoreboard but setting today apart from other recent down days was a noticeable pick-up in volume. Leading the charge to the downside was the NASDAQ (QQQ) and Russell 2000 (IWM) both finishing 1.2% lower. We remain cautious on the overall broad market and as noted in last night’s report are watching the IWM closely. Its failure to lead and make new highs with…

Category Tabber, The Nightcap · Tags ABGB, ABY, AMAT, AOS, ASPN, ATI, ATML, AUY, BRKR, CACC, CBPO, CGI, CME, CMRX, CPSS, DAL, ECYT, ETR, EXC, GES, GRPN, HOS, JBLU, KLAC, LPX, LUV, MA, MACK, MASI, MEIP, MRD, MRTX, NGHC, NTCT, PDCE, PFMT, PSG, RDHL, RRC, SAVE, SIMO, SLAB, STX, TFM, THLD, TMUS, TTPH, V, WDC, WDR, WRES, WU, XEC, YUM, ZBRA, ZINC

Low volume rally led by Russell 2K

Posted by Admin on May 19, 2014

Index & Sector performance 5/20/14 The Market: An overall light volume day was led to the upside by the Russell 2000 followed by the NASDAQ 100. In individual sectors, Utilities (XLU) led to the downside followed by the Consumer Staples (XLP) while the transportation index was the largest gainer with components Matson (MATX) and JetBlue (JBLU) up the most gaining 3.05% and 2.42% respectively. MATX and JBLU both appear to be viable long trade candidates going forward. This is an extremely quiet Economic data week with a lot of Fed speak. Earnings will play a role for individual stocks so…

Category Tabber, The Nightcap · Tags ABT, AINV, ALTR, AMBA, APOG, AR, ARCP, ATHL, ATK, ATO, BECN, BIN, BKD, BRCM, CATO, CFN, CHK, CHL, CMGE, CNC, COP, DCI, DECK, DIS, DKS, DLR, DO, ESV, ETFC, EXXI, FI, FPI, GLOG, GMO, GNW, HBI, HCLP, HD, HGG, HPQ, IRWD, ITMN, JBLU, KANG, KEYW, KMB, LGIH, LMAT, LMCA, LPX, MATX, MDT, MIND, MO, MON, MSTR, MTG, MU, NVDA, ORCL, PGEM, RDN, RRGB, SABR, SBRA, SKX, SM, SNX, SPLS, SSI, T, THR, TJX, TRBAA, TXN, VFC, VIAB, VIPS, WPX, ZMH

Nasdaq & Russell lead indices lower

Posted by Admin on April 25, 2014

Index & Sector performance 4/25/14 The Market: All the major indices were down in Friday’s action with the Nasdaq 100 (QQQ) and Russell 2000 (IWM) leading the way lower. In individual sectors the Transportation index (IYT) and Consumer Discretionary (XLY) were the biggest losers. The transports are an interesting case as they were one of the sectors making new highs recently but after an outside day yesterday the index followed through strongly to the downside today. Leading the index lower was JetBlue (JBLU) closing down 5.38%. After missing EPS yesterday, Reuters announced today that the Flight attendants will be looking…

Category Tabber, The Nightcap · Tags AAL, ACN, ADI, AET, ALGT, AMZN, AWI, BEN, BFAM, BIDU, BIG, BLRX, BRCM, BWP, CAT, CELG, CFFN, CHTR, CNO, COG, CRI, CRR, CRUS, CUDA, CYOU, CYTK, DECK, DHI, DV, DWA, ECHO, ECL, EDR, EDU, EQM, FBC, FIBK, FITB, FMBI, FRME, FTI, GIMO, GLW, GM, GMAN, HAE, HBI, HILL, HWAY, JBLU, KLAC, L, LAMR, LH, LIN, LLTC, LSTR, LTM, LVS, MCGC, MSFT, MXIM, NBL, NNA, NORD, NOV, NTCT, NTGR, NXPI, ONB, RGDO, ROP, RTIX, SFG, SIGI, SOHU, SYNA, SYRG, TEN, TKR, TROW, TRXC, TWC, UA, USG, WFC, ZMH

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

Stong gains for shortened Op-Ex week

Posted by Admin on April 16, 2014

Index & Sector performance 4/16/14 The Market: From our recap Monday we noted that while the market still appeared vulnerable to the downside, we would also not be surprised to see oversold short term levels and the shortened holiday trading week provide a bounce. We did not at that time realize that we would get both the downside and the rally all in one day but that is in fact what happened on Tuesday and today was a follow-through on that action. Tomorrow is the last day of trading for the week since the market is closed Friday in observance…

Category Tabber, The Nightcap · Tags ACT, ADS, AGN, AINV, AMZN, AN, AQXP, ATEN, BAX, BBT, BCO, BHI, BLK, BX, CHYR, CMG, COL, CREE, CTRL, CY, DD, DHR, DMRC, DOV, EC, ENDP, FANG, FCS, FGL, FHN, FITB, FSGI, GDP, GE, GPC, GS, HK, HLSS, HON, HTZ, IMGN, INGR, INTC, JBLU, JNJ, KEY, KOP, LNC, MAT, MDWD, MRTN, MS, MSI, NMBL, NPBC, NPSP, NTAP, NTES, PDS, PEP, PM, PNFP, PPG, PVTB, REGN, RGA, SBGL, SC, SCHW, SFUN, SHW, SLB, SLXP, SNA, SON, SONC, SPN, TWC, UNFI, UNH, UNP, WBS, WHF, YELP, YHOO, YOKU

S&P 500 remains above the 50 DSMA

Posted by Admin on April 7, 2014

Index & Sector performance 4/7/14 The Market: Friday’s selling action continues on Monday as the S&P 500 index lost roughly 20 points. Today’s lows in the SPDR S&P 500 ETF (SPY) correlated nicely with previous levers of reaction and the 50 day SMA. If this short term support is lost we could see the cash index next targeting $1800 and even $1650-1700. In the meantime, aggressive traders could look to use today’s lows as a level to trade again on the long side for a bounce. Reporting EPS 4/8/14 Pre-Market: Only one name of note reporting EPS tomorrow…

Category Tabber, The Nightcap · Tags AA, AAL, ADI, AEO, AGIO, AKAO, ANN, APC, APC SLB, AR, AVGO, AYI, BCR, BDX, BGS, BHI, C, CALX, CJES, CMA, CMP, CNVR, CODE, CPA, CSX, DPRX, EGN, FEYE, FUEL, GD, HAL, HFC, HTGC, IM, INTC, INVN, IPHI, IRS, ISCA, ISRG, JBLU, KMT, KND, LGIH, LGP, LII, LLL, LVS, MAT, MCHX, MGM, NEM, NFLX, NYCB, ONNN, OSK, P, PBF, RDC, RESCU, RNST, SBNY, SEM, SPF, TDG, TEVA, TEX, TRLA, UA, UPL, WSH, XLNX, YELP, ZMH

Do you buy the dip?

Posted by Admin on January 28, 2014

Index & Sector performance 1/28/14 The Market: In the overnight session the futures managed to recover gaining nearly 20 points from Monday’s lows. When the Durables number was announced and came in much worse than expected the market puled back challenging support but that support held and by the open the market was back near the pre-market highs. The remainder of the day the S&P 500 stayed in a relatively tight trading range with all of the major indices closing higher. In Economic news the Durable Goods numbers came in much worse than expected with Core Durable Goods Orders posting…

Category Tabber, The Nightcap · Tags AAPL, ACT, ADMP, AGII, AJG, AL, BA, BBT, BCRX, BHI, BIIB, BOXC, CELG, CF, CHEF, CHKP, CJES, CLVS, CORR, CTRL, DFS, DG, DGX, DOW, EMC, F, FLWS, FTNT, GILD, GOOG, GSVC, HES, HIMX, IFF, JBLU, LUV, MDVN, MKC, MLM, MPC, MT, MXIM, NVR, NXST, NYCB, OFS, OMC, OMCL, ORBC, PAY, PCL, PKY, PSX, PTEN, RCL, ROP, SANM, SBH, SEIC, SIMO, STX, TTS, TUP, VLO, VMC, WCC, WLP

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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