Lots of data yields flat finish

Posted by Admin on July 30, 2014

Index & Sector performance 7/30/14 The Market: Lots of Economic Data/announcements in today’s session but when the dust settled it was surprisingly a flat session with the NASDAQ (QQQ) and Russell 2000 (IWM) leading while the Dow (DIA) finished slightly lower and the S&P 500 (SPY) finished slightly higher. The leading sector on the WSC Scoreboard was Retail (XRT) finishing the day up 1% however Retail remains the only individual sector on the WSC Scoreboard that is down for the year. The laggard was the Utilities (XLU) and decisively so finishing the day down 1.69%. We remain interested in some…

Category Tabber, The Nightcap · Tags ACIW, ACOR, ADP, AGNC, ALK, ALKS, AMCC, APA, ARW, ATK, AVP, AXP, AYR, BDX, BG, BGCP, BGFV, BKCC, BLL, BWA, BZH, CARB, CDW, CHTR, CI, CL, CLD, CLF, CME, CNSL, COMM, COP, CRAY, CVI, CVRR, DDD, DLPH, DNBF, DOX, DSX, DTV, ECA, EMN, ENB, ENDP, EPD, ESV, ETN, EW, EXC, FCH, FCN, FIG, FTR, GNRC, GNW, GTLS, HCA, HIVE, HL, HP, HST, IMN, INCY, INVN, IRDM, IRM, ITG, ITT, IVR, IVZ, K, KBR, KMT, KORS, LIQD, LKQ, LLL, LM, LVLT, MA, MARA, MCK, MD, MMC, MMSI, MNTA, MPC, MSCI, MTOR, MW, NGS, NI, NLSN, NOV, NWL, OCN, ODFL, OPLK, OSK, OXY, PCG, PCRX, PES, PLT, PNR, PNW, PPL, PSUN, PWR, Q, RAS, RESI, RFP, RKUS, RRTS, RYL, SAFM, SAVE, SBH, SCG, SDRL, SFY, SHOO, SNMX, SQNM, SSB, STAY, STRZA, TE, TKR, TMUS, TRW, TWC, TWTR, UAL, UFS, ULTI, UPL, UTHR, VG, VNTV, VTG, VZ, WCG, WDR, WIN, WLT, WWE, XEL, XOM, XRAY, ZLTQ

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

GDP disappoints but market ignores

Posted by Admin on April 30, 2014

Index & Sector performance 4/30/14 The Market: As you can see in the table below, the U.S. Q1 GDP number came in well below expectations. While Q1 was not expected to be a high growth quarter, clearly analysts did not expect a near negative number. Certainly the colder than expected weather could have and likely did play a role but on our opinion you cannot completely blame a miss like this on the weather. So why might traders and investors be willing to look past this data besides the weather? Possibly because a number like this allows the Fed to…

Category Tabber, The Nightcap · Tags ABMD, ACE, AFL, AFOP, AFSI, AGCO, ALLY, AMC, AMG, AMT, ANR, ANSS, APAM, ARG, AUXL, AVP, AWAY, BDX, BG, BGCP, BHI, BKCC, BLL, BWA, BZH, CAH, CERN, CI, CIE, CLD, CLVS, CLX, CME, CMI, CNP, CNX, COH, COLM, COP, CPN, CROX, CSCD, CTRX, CVI, DDD, DPZ, EIX, ENDP, EPB, EPD, ESV, EXAS, FCH, FCN, FIG, FIS, FRGI, FSS, FTK, GNRC, HAR, HCA, HD, HST, IDCC, IIVI, INCY, IQNT, IRDM, IRM, IT, ITC, ITT, IVZ, JAH, K, KLIC, KMT, KRC, LAZ, LHO, LII, LINE, LLL, LM, LNCO, LOGM, MA, MAR, MD, MDC, MEOH, MERC, MFA, MGM, MOD, MPC, MRK, MSI, MTOR, MWE, MWW, MYL, NDAQ, NGLS, NICE, NLSN, NNN, NUVA, O, OCN, OGE, ORB, ORCL, PCG, PCRX, PDS, PEG, PES, PPL, PRLB, PWR, Q, REXX, RFMD, RFP, RGLD, RJET, RM, RRD, SBH, SFY, SHOO, SNMX, STBA, STM, STRZA, SWC, TBBK, TCBI, TEVA, THLD, THRM, TMH, TMUS, TQNT, TRIB, TXT, UA, UPL, VG, VIAB, VICL, VIPS, VLO, WDR, WLT, WST, WWE, XEL, XOM, XYL, YRCW

Citi & Retail Sales aid rally

Posted by Admin on April 14, 2014

Index & Sector performance 4/14/14 The Market: The S&P 500 started lower in Sunday’s overnight session but quickly found a bottom and moved off the lows into early trading. Met with better than expected retail sales and an earnings beat by Citigroup (C), the rally continued until just after noon ET before topping out and starting a slide back toward the overnight lows. It appeared the market was yet again faced with a late day sell off but with one hour left in trading the S&P 500 found a bottom and snapped back toward the highs of the session….

Category Tabber, The Nightcap · Tags ABBV, ABT, ACOR, ACRX, AKBA, AMTD, APAM, AUDC, BCRX, BLMN, BOFI, BSX, C, CAMP, CIB, CMFN, CPRX, CQP, CWEI, CYH, DDD, ECOM, EW, FFIV, FLDM, GDP, GLBS, GLW, H, HCLP, HTWR, IDXX, JNJ, JPM, KIN, LNC, LNKD, LVS, MA, MCC, MDWD, MMP, MR, MSFT, NE, OFC, OSK, P, PANW, PCTY, PFG, PKG, PSMT, QTWO, RAD, SCHW, SSYS, ST, STX, TTMI, ULTI, V, WFC, WFM, WSM, XOOM, XRS, YHOO

Strong sell off starts week

Posted by Admin on February 3, 2014

Index & Sector performance 2/3/14 The Market: In the News: The following noteworthy companies are scheduled to report earnings before tomorrow’s open: EMR, ETN, ADM, CME, SE, HCA, SIRI, IP, BDX, MHFI, DLPH, BSX, KORS, FIS, CLX, AMG, SEP Analyst Comments: The Game Plan:

Category Tabber, The Nightcap · Tags AAL, AAOI, ACT, ADM, AMAT, AMG, AOL, AR, ARE, ARG, ARTC, ASGN, AUXL, BBG, BDX, BSX, CLX, CME, COG, COLB, CXO, CYT, DLPH, EMR, ETN, EV, F, FB, FIATY, FIS, FST, GALE, GM, GOMO, GSAT, GTE, HCA, HK, HOG, IP, JOSB, KLAC, KORS, LPNT, LRCX, MA, MAT, MDVN, MHFI, MMYT, MTW, MW, NANO, NOC, NSC, NTAP, NVDA, NVR, PDCE, PHM, PPL, PSX, PVA, RCL, RSH, SDLP, SE, SEP, SFG, SFY, SGY, SIRI, SNN, SPNC, UA, VG, WCC, WFM, XCO, YDKN, YELP, ZNGA

Market dips early but fights back

Posted by Admin on January 21, 2014

Index & Sector performance 1/21/14 The Market: This is the type of market that frustrates both the Bull & the Bears. Strong moves in each direction serve to whip weak traders our of their positions. After a very light futures trading session Monday with the Stock Market closed, the S&P 500 futures pressed higher in late Monday/early Tuesday trading. Just before the open the futures printed $1844 and then started to sell off right at the open. The market finally found a bottom near noon EST but only after losing roughly 18 points from the pre-market highs. The S&P 500…

Category Tabber, The Nightcap · Tags AA, AAPL, ABT, ALTR, ARMK, BAS, BCRX, BHI, BLMN, BSFT, BSX, CENX, CMA, CNQ, CNSI, COH, CTT, DOW, EAT, EMC, ETN, EXEL, FCX, FEYE, FLXS, GALE, GD, GOOG, GPS, GSVC, HAIN, HEB, HGG, HLT, HXL, INFA, ISRG, JNJ, LPSN, LULU, MA, MGA, MS, MSI, MTL, N, NCS, NMBL, NOW, NSC, NSM, NVDA, PH, PJC, Q, SCTY, SPW, SRPT, STI, STJ, STX, SWFT, TEL, TJX, TRV, TSRO, TWC, TXT, USB, UTX, V, VMW, VZ, WBMD, WBS, XOM, XRS, ZLTQ

Small Caps lead move lower

Posted by Admin on December 11, 2013

Index & Sector performance 12/11/13 The Market: Strong down day in the market with the S&P 500, Nasdaq and Russell 2000 closing down over 1%. The Russell 2000 has been leading the charge for the year but has underperformed of late including today posting the largest loss at 1.64%. After remaining relatively unchanged in overnight and early morning trading, the market started to slip in the pre-market about an hour before the open. Losses built the remainder of the day with the S&P 500 closing near the lows of the day and through the 20 Day SMA. In economic news…

Category Tabber, The Nightcap · Tags ACMP, AFAM, ARCW, AVNR, AZO, BID, BRCM, CAH, CCJ, CIEN, CNSI, CVS, DDXS, DISCA, DMD, DPM, EHTH, EQM, FCX, FISV, FN, GD, GRA, GRPN, HOV, HTZ, ITC, JOY, LH, MA, MCO, MMM, MWE, MWV, NCS, NSTG, OI, OUTR, PLCE, PVH, RDWR, RHT, SNI, STJ, TOL, TPLM, TRGP, TSO, V, WES, WGP, XRAY

Today the quiet before the storm?

Posted by Admin on October 31, 2013

Index & Sector performance 10/31/13 The Market: Second straight down day for the S&P 500. The day was slightly more active than the closing prices might suggest as a very early up open was quickly sold down to the 1756 levels where the market bottomed around 10:30am EST and then rallied to 1768 by 2:30 pm EST. What took almost all day to gain was then lost in that last hour of trading with the S&P closing back near the earlier lows for the day at 1756. What needs to be seen is if this relatively quiet day is the…

Category Tabber, The Nightcap · Tags ADM, ALL, AMT, ARRS, ATHN, ATML, AUY, AVP, BPL, CAVM, CBOE, CERN, CVD, CVX, CWST, DLR, EHTH, ELX, EXAM, EXPE, FB, FLR, GLW, GRMN, GWR, HBI, HES, HTS, KRFT, MA, MCHP, MDAS, MDRX, MEMP, MSG, NEE, NEWP, NICE, NVE, OMCL, PRTA, PVA, QGEN, QSII, RATE, RUTH, SAIA, SAVE, SHOR, SM, SO, SODA, THOR, UHS, UMC, V, VCRA, WEC, XOMA

Fed day snaps S&P 4 day win streak

Posted by Admin on October 30, 2013

Index & Sector performance 10/30/13 The Market: A small gap up on the open was quickly sold and the market pulled back but losses were relatively contained until the Fed announcement which sent the S&P spiking lower. Buyers did then step in and used the last hour of trading to help close the index off the lows but not enough to keep from snapping the S&P 500’s 4 day win streak. In economic news, ADP Non-Farm came in lower than expected printing a 130K with 151K the expectation. Core CPI was also light coming in at 0.1% when 0.2% was…

Category Tabber, The Nightcap · Tags ADC, AEGR, AFL, AMBA, ATRO, AVP, BDE, BIDU, BUSE, BWLD, CALX, CEMP, CHKR, CI, CLX, COP, CRUS, CYOU, DISCA, DKS, DSKX, DWA, EA, ECL, EL, EPD, EW, GILD, GM, HASI, HIPP, JAZZ, KYTH, LNKD, LSI, MA, MGM, MPC, NANO, NKE, NUVA, NVAX, OII, OSK, PLT, PPL, QCOR, RPTP, SCBT, SKX, SM, SNDK, ST, SUPN, TEVA, TRI, TWC, ULTI, UNP, VLO, VLRS, VRX, WU, X, XOM

A flat day across all the major indices

Posted by Admin on October 28, 2013

Index & Sector performance 10/28/13 The Market: A fairly lack luster day as the broad indexes chopped around with the S&P and Nasdaq closing positive while the Dow and Russell lagged. Early optimism in the S&P was quickly sold in early trading but the market was able to hold and press to new highs until a late day sell off which sent the S&P back toward unchanged for the day. In economic data we saw Capacity Utilization Rate and Industrial Production month over month beat expectations while pending home sales greatly disappointed posting a -5.6%. Tomorrow will be a much…

Category Tabber, The Nightcap · Tags ADM, ADNC, AET, AGN, AMZN, ARMH, AZN, BAS, BBY, BG, BMY, CMCSA, CMI, CROX, CUBE, DDD, DFT, DNDN, DVN, ECL, ELY, EXC, FATE, FET, FLS, FLWS, FTI, GE, GNRC, JCI, JCP, LEA, LYB, MA, MDVN, MRK, NOV, OC, OGXI, OUTR, OXY, PEG, PER, PFE, PKY, PTEN, RKUS, RMAX, RRMS, SCVL, SDR, SHO, TCK, TROW, V, VLO, WLB, WM, X

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