Argentina default rattles global markets

Posted by Admin on July 31, 2014

Index & Sector performance 7/31/14 The Market: A sea of red today on the WSC Scoreboard with all 4 major indices closing strongly lower led by the Russell 2000 (IWM). Major media outlets pointed to weakness overnight in International markets caused by Argentina’s default. Looking at the technicals, the S&P 500 (SPY) and the Dow (DIA) both clearly lost their 50 day moving averages on a closing basis and did so on an increase in volume. The NASDAQ (QQQ), which has been this year’s strongest performer, is still a few percent above the 50’s while the Russell 2000 (IWM) has…

Category Tabber, The Nightcap · Tags ACHC, AET, AMT, ASGN, BAH, BBSI, BEN, BHB, BOKF, BWLD, CAVM, CCG, CLF, CNC, CODE, CTRP, CYN, DDR, DRII, ECL, EQIX, EROS, EVER, FOXF, GFIG, GLUU, HAE, HBAN, HCA, HES, IACI, ICLR, IPHI, ISIL, KAI, KEX, KORS, KRFT, LLL, LLY, LPLA, LRCX, LULU, MAR, MET, MINI, MOBL, NOW, NTK, OTEX, QCOM, RJF, RKUS, RYAM, SGNT, SIMG, SLCA, SLM, SM, SODA, SPB, TRN, TTEK, WDC, WFM, WIN, WLL, WLP, X, XNET, YELP

Energy green in a sea of red

Posted by Admin on June 11, 2014

Index & Sector performance 6/11/14 The Market: As we noted late last week and reiterated in Monday’s report, the S&P 500 closed outside of its Weekly (20, 2, -2) Bollinger Bands which has previously lead to counter trend moves for a few weeks to months. While we respect the strong uptrend in the market, we also believe this is time to exercise caution on the long side, at least for the broad market. One additional note. While many market pundits in the media have been looking for pull back and becoming cautious recently, they also seem very willing to step…

Category Tabber, The Nightcap · Tags AAPL, ABR, ACHN, ALDR, AMTD, AMZN, ANGI, APC, AVNR, BA, BDN, BEAV, BID, BOBE, CHK, CMTL, COP, CPE, CVA, DCIX, DDD, DSX, DVN, EW, EXPE, FRAN, JMEI, KANG, MAR, MATR, MHFI, MRVL, MU, OCRX, PB, RAI, RGDO, SKUL, SNDK, SWKS, SYK, SYNA, TAP, TEU, THC, TOWR, TPLM, UNM, WLL

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

Lots of movement, little results

Posted by Admin on March 10, 2014

Index & Sector performance 3/10/14 The Market: Today was a yet another choppy session but for day traders there was a great deal of opportunity. The S&P 500 emini ultimately moved 40 points between support and resistance while the S&P 500 cash index only managed to close down roughly a point for the day. Starting with Sunday evening’s trading the ES contract lost ground over night finding support at the $1868ES pivot and then rallied pre-market to the $1878ES pivot. Playing Pivot Pinball the ES tested the $1868ES support after the open to yet again hold and rally back toward…

Category Tabber, The Nightcap · Tags ADM, ADP, AEO, AGU, ALJ, ALU, AMDA, AMX, APA, ARCO, ASTE, ATHN, ATSG, BCRX, BIG, BONT, BPI, BWLD, BXP, CF, CHTR, CLF, CMN, CNCE, DAL, DFT, DHI, DKS, DSCO, DWA, ECA, EGRX, EVOL, EXPD, FB, FL, FLXN, FMI, GAS, GTN, HIMX, HSNI, HSY, HW, IBP, IDXX, KBH, LEAF, LHCG, LINTA, MAR, MDLZ, MEOH, MINI, MJN, MNTX, MTGE, MTH, NADL, NLSN, NNBR, NNN, NPTN, PFPT, QIHU, RAI, RNF, RTK, SFUN, SGEN, SHPG, SNTA, SPLS, SYPR, TDY, TLMR, TLOG, TRAK, TRIP, TWTR, UCP, UIL, VECO, VLP, VMW, WWAV, X, XLNX

Reason or Excuse?

Posted by Admin on March 3, 2014

Index & Sector performance 3/3/14 The Market: Depending on your bias you likely either believe the events transpiring with Russia “scared” the market causing it to drop today or you believe the drop was already in the cards based on the technicals and the Russian incident just gives the news something concrete to point to as the cause. While we tend to be much more in the latter than former camp, we also subscribe to the believe it doesn’t really matter as in either case we are left with what happened and the decision what to do now. The S&P…

Category Tabber, The Nightcap · Tags AAPL, ACMP, AETI, AHT, AR, ASPX, AUXL, AZO, BCEI, BDGE, BDN, BIIB, BRLI, CIE, CMFN, COA, DDD, EA, EAT, EBIO, EGLT, ELLI, ENDP, ENT, ERJ, ETN, FFIV, GNCA, GTIV, GTXI, GXP, HPP, I, INTU, JRN, LADR, MAIN, MAR, MCK, MTOR, MTZ, MWE, NE, NFX, NLNK, NNI, NOK, ORCL, PCTI, PKT, PRGO, PSA, QCOM, QIHU, QURE, RFMD, RPM, RSH, RVNC, SALT, SBAC, SD, SODA, SPN, SQBG, SSP, SWKS, TDS, TEVA, TOL, TSLA, UNP, USM, WES, WLL, WUBA

LULU warns and market dives

Posted by Admin on January 13, 2014

Index & Sector performance 1/13/14 The Market: The S&P 500 meandered throughout the Sunday evening session, into Monday and even to start the trading day but then around noon EST weakness started to set in and continued to build. Around 2:30 pm EST we had reached R2 support in the future but we posted at StockTwits that this support did not look like it would hold due to the MACD’s formation. That support was indeed lost and the S&P 500 futures (ES) lost another 10 points to the day’s lows and 5 points to the close overall netting a 20+…

Category Tabber, The Nightcap · Tags ADES, ADSK, AER, AMBA, ATML, BAH, BEAM, BEE, BMI, BRCM, CCXI, CLF, CSX, DAR, DISCA, DSX, DUK, EE, EL, ENT, ENTG, EOX, F, FFIV, FINL, FNB, FTNT, GALE, GM, GOOG, GRMN, HELE, HGG, HLT, ICPT, JEC, JNPR, JPM, KEYW, KSU, LEDS, LULU, M, MAR, MGAM, MGM, MMC, NOW, NPBC, NPO, NSC, ONNN, PAMT, PSMI, PVA, QIHU, RHT, SEM, SFLY, SNI, SRCL, SWKS, SYMC, TEU, TGT, TIVO, UNP, V, VIPS, WAFD, WFC

S&P Futures play MA pinball

Posted by Admin on December 16, 2013

Index & Sector performance 12/16/13 The Market: The made strong gains today after what looked like a horrible start to the week. In overnight trading Sunday the S&P 500 dropped t0 $1754 (March 2014 emini contract) tagging the 50 day SMA and then built a rally off that support. Surprisingly by the morning the futures had not only regained everything that was lost from Sunday evening’s open but also but in some gains. Those who do not look at the futures may have never even known of the rough start. The futures then rallied pre-market to the 20 day SMA…

Category Tabber, The Nightcap · Tags AAPL, AER, AIG, ALOG, ALSN, AVGO, AVH, BRCM, C, CACQ, CBEY, CMI, CNC, CNW, COG, DAL, ETN, EVGN, EXPE, H, HIMX, HOT, HST, HTGC, IPXL, JAZZ, KFRC, LEAP, LSI, MAN, MAR, MCO, MNST, MONT, MRO, MTDR, NAV, NLSN, NVGS, ODFL, OII, PNC, PNR, PVH, R, S, SAFM, SBUX, SNI, SSNC, STJ, SWHC, TASR, TMUS, URBN, VIV, XOM, XPO, YUM, ZQK

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