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 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

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

Next target the 50 day SMA?

Posted by Admin on March 13, 2014

Index & Sector performance 3/13/14 The Market: A strong down day in the market but coming into the day people may have thought that would be a result of a poor Unemployment Claims number but we actually saw a better than expected 315K (334K est). After the report the index meandered higher into the open and then after peaking out above trend line resistance, turned and started what proved to be a day long decline. At 11:30 am we posted on StockTwits that the decline in the ES looked like it had lower to go especially due to the slope…

Category Tabber, The Nightcap · Tags ADBE, ALJ, ANN, AREX, ATK, ATVI, AXAS, BKE, BLOX, BNCL, BWS, CACQ, CALL, CMRX, CPE, CSBK, CTB, CTRN, CTRP, CYOU, CZR, DRTX, DSCI, DXLG, EA, EBIX, ED, ELX, EMC, ENLC, EPL, EROS, FANG, FINL, FSYS, HCSG, HIBB, ISBC, KN, KRNY, KWK, LONG, LPI, MEA, MEET, MPO, NMBL, NTAP, ONTY, OPEN, OPTT, PGEM, PVH, QIHU, QUNR, RNET, SCS, SIAL, SIVB, STON, THI, TPC, UIL, VMEM, VMW, WDR, WSM, YY

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

Fed open to scale back causes pullback

Posted by Admin on November 20, 2013

Index & Sector performance 11/20/13 The Market: Initial optimism on better than expected economic data pre-market saw early selling as the S&P pulled off the highs of the day in the first hour of trading and then the market meandered waiting for the Fed minutes to be released. After the 2pm EST announcement the market began selling off as the Fed showed they are prepared to scale back on the rate of asset purchases. The S&P 500 was able to use late trading to close a few points off the lows of the day. In economic data, Core CPI came…

Category Tabber, The Nightcap · Tags ANF, BA, BBY, CHRW, COG, DAKT, DCI, DE, DKS, DSX, FEIC, FIS, GME, GPRE, HD, HLF, ICE, JCP, JEC, LAYN, LPI, LZB, MDT, MOS, NEWT, OKS, PCLN, PDCO, PLL, POST, POT, PVA, ROST, SBUX, SHLD, SJM, SMA, TEVA, TGT, TJX, TWTR, TXRH, UAL, VAL, VITC, WHF, YHOO

US Government shuts down and gains open up

Posted by Admin on October 1, 2013

Index & Sector performance 10/01/13 The Market: The old market adage Buy the rumor and Sell the news is somewhat in affect here today with the markets reaction to the Government shutdown. As we noted in last night’s Game Plan, with the realization of the shutdown now in affect and the worry of the shutdown gone, short term longs would look for opportunity to trade a bounce. A gap up was quickly consolidated after roughly 30 minutes of trading and then pressed higher until 12:30 pm EST. After 12:30 there was a roll over which took the index down until…

Category Tabber, The Nightcap · Tags A, ABMD, ACOR, ACTV, AFL, AIXG, AON, APC, APOG, AREX, ARG, BBT, BECN, BKH, BPO, C, CERN, CODE, COST, CPHD, CREE, CRI, DECK, DOW, DUK, ECA, EOG, F, FE, FINL, FST, GHDX, GM, HAYN, HES, HRB, HUBG, ICPT, JBHT, JCP, KORS, KSS, LBTYA, LDOS, LII, LKQ, LPI, LULU, M, MON, MRK, MYGN, MYL, NKE, NLSN, NWSA, OLED, PCCC, PCG, PEG, RBCN, REGN, RM, SAIC, SSH, SSYS, SWK, TGT, TMK, TMUS, TNXP, UA, ULTI, VMI, WAG, WRLD, WSO, YELP

Small gains break 5 day slide

Posted by Admin on September 26, 2013

Index & Sector performance 9/26/13 The Market: An early push higher on the S&P 500 was short lived and topped around 10 am EST falling all the way back to the open and even drifting into negative territory. The market then bounced, failed and after retesting the days lows used the last hour to rally into the close. In economic news the Unemployment Claims data came in better than expected posting a 305K number when expectations were of 319K. Unfortunately the remainder of the news was not as good with GDP coming in below expectations printing a 2.5% number when…

Category Tabber, The Nightcap · Tags APO, AVT, AZZ, BBBY, CAR, CAVM, CBST, CEO, CGIX, CWTR, DATA, DMND, DRYS, EBAY, EGAN, EPM, FANG, FB, FINL, FLOW, FLR, FN, GLF, GPOR, GWW, HAWK, HIG, HOS, HP, HTZ, HUB.B, IPI, JCP, LNKD, LPI, MAKO, MAS, MHLD, MOS, MTN, MU, NBR, NHC, NILE, NKE, NPSP, NTK, OC, OMCL, OXY, PACB, PCYC, POR, PSA, PTEN, RDA, RTRX, SKUL, TDW, UEIC, USAT, USG, WSO, XYL

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