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

Tight trading ends with pop higher

Posted by Admin on November 18, 2014

Index & Sector performance 11/18/14 The Market: After multiple sessions trading in a tight range the broad indices broke-out to new highs. It is worth noting that volume was again light but that has been the case throughout much of this recent rally after the mid October bottom. In the after hours session the futures started to give back some of today’s gains so we will be looking to see if today was a false breakout which gives way to a pullback or if the indices can hold. In individual sectors, HealthCare (XLV) led finishing 1.61% higher helped by strong…

Category Tabber, The Nightcap · Tags A, AAPL, ACT, ADHD, AEC, AGN, ALDX, ALG, ALGT, CANF, CBS, CI, CJES, CLB, COV, CRAY, CSIQ, CSTM, CVI, DEST, DISCA, DK, DLTR, EA, EJ, EOG, FB, FET, FI, GIB, GMCR, HCP, HIMX, HLX, HNT, HP, HTZ, IOC, ISIL, LITB, LOW, M, MDT, MGI, MNK, MPC, MTW, NBR, NBS, NGD, NORD, NTWK, OMAM, OTEX, PANW, PBH, PDCE, PSX, PTEN, RMD, SALT, SHLD, SJM, SNDK, SNR, SPLS, SPN, SSI, TENX, TEX, TGT, THOR, TRVN, TSE, TSN, TSO, TTEK, TXRH, TYC, UA, UAM, UNH, URBN, VFC, VLO, WAC, WCG, WFC, WLP, WMGI, WNR, WRES, YHOO

New Ebola scare helps market off highs

Posted by Admin on October 23, 2014

Index & Sector performance 10/23/14 The Market: The market was cruising along today until roughly 2pm ET when the market turned and then started quickly losing ground. Traders pointed to news that a doctor who had treated Ebola patients was rushed to the hospital in New York City. The sell off was not enough to give back all the days gains but we closed well off the intraday highs. Many sectors from the WSC Scoreboard participated in the rally with the biggest gainer the Industrials (XLI) finishing up over 2% helped greatly by Union Pacific Corporation (UNP) and 3M (MMM)…

Category Tabber, The Nightcap · Tags AAN, ABBV, ADXS, ALGT, ALU, ANGI, AVY, AXLL, B, BA, BABA, BBT, BDBD, BEAV, BMY, BSX, CHKP, CL, CLR, CLW, COG, CTCM, CTXS, DDD, DLPH, DOW, DTE, EDU, EGHT, EMC, ENDP, EOG, ETAK, F, FET, FLIR, FMC, FNFG, FOSL, FTI, FTNT, GD, GLF, HLSS, IDXX, IHS, IMGN, IMS, INFN, KO, LEA, LGND, LHO, LMT, LPNT, LQ, LULU, LYB, MCO, MERC, MLNX, MMM, MNI, MNK, MOS, NBR, NDAQ, NDRO, NOC, NOW, NPBC, NTGR, OC, OCR, OFC, PG, PII, PVA, SKX, STNG, STT, SXC, T, TCB, TE, TLLP, TSCO, TUP, UBSH, UNF, UNP, UPS, VAR, VOC, VTR, WBC, WRLD, WYN, YELP, ZMH

News & EPS will dominate week

Posted by Admin on October 20, 2014

Index & Sector performance 10/20/14 The Market: This is a very light Economic data week but don’t worry. Earnings will more than make up for it with a Packed schedule all the way through to Friday. All the indices on the WSC Scoreboard were nicely higher but the Dow (DIA) was the clear laggard after IBM (IBM) lost over 7% due to a disappointing Q3 report which missed on revenues and EPS. The company also announced that they would no longer be able to meet its goal of $20/share in operating EPS by 2015. Solid results across all the sectors…

Category Tabber, The Nightcap · Tags ABG, AEM, AIG, ALGN, ALSN, AMAG, AMTD, AOS, APOL, ATHN, ATI, AXP, BEAV, BF.B, BK, BRO, CBSO, CF, CFN, CLF, CMA, CNNX, CNX, CRI, CSL, CYBR, DHI, EAT, ETFC, FB, FCX, FNFV, GE, GPK, HLF, HOG, HPT, IBM, IP, IRBT, ITW, KBH, KEY, KMB, KO, KS, LEN, LMT, LPT, LXK, MAN, MCD, MDLY, MJN, MNKD, MTN, MU, NBR, NUS, NWSA, OC, OMC, PANW, PFBC, PHM, PKG, PLL, PNC, PNM, PNR, PPG, PTEN, RAI, RCI, RCL, RF, RKT, RNA, SAH, SBNY, SHPG, SIX, SLB, SNV, ST, STZ, SWFT, TGD, TMUS, TOL, TRV, TUBE, UNM, USNA, UTX, VIAB, VTAE, VZ, WAL, WAT, WR, XRAY, YHOO

S&P takes back overnight losses plus

Posted by Admin on May 5, 2014

Index & Sector performance 5/5/14 The Market: The S&P futures moved lower in the Sunday overnight session attributed to weak economic data out of China as well continued unrest in Ukraine. The futures continued lower throughout early trading Monday but found a bottom right at the open on an initial spike lower to 1860.50ES which was quickly bought and the index started a march higher reaching 1880ES by 2:30 pm ET. The index spent the last hour consolidating the near 20 point intraday rally. If 1872ES holds in overnight trading it appears the index could look to make a move…

Category Tabber, The Nightcap · Tags AAPL, ACM, ACOR, ADMS, AEGR, AEL, AEM, AER, AINV, AKRX, AME, AMRI, AMT, ARCC, ARCO, ARIA, ARW, ATHM, BA, BBG, BBT, BEAV, BOFI, BRCD, CBOE, CBT, CEQP, CJES, CLH, CMG, CMLP, CNK, COCO, COP, CRM, CRTO, CRZO, CUBE, CVA, CVD, CVS, DIS, DISCA, DNR, DRC, DTV, DWRE, EDU, EL, EMR, EXH, EXR, FE, FEIC, FEYE, FUEL, GDP, GIL, H, HCLP, HCP, HEAR, HFC, HP, HPT, HSH, HSIC, HST, IFF, IQNT, KING, KOG, KWK, LII, LJPC, LLL, LNG, LQ, LRE, MCEP, MD, MM, MMP, MNTA, MONT, MPW, MRC, MTZ, NBR, NRG, NTI, NUS, OAK, ODP, OZM, PDCE, PEG, PKI, PQ, PSDV, RDC, RHP, RXII, SBAC, SC, SNDK, SO, SPR, SUSS, TAST, TDG, THRM, TLMR, TMH, TSRA, TW, TWX, VMC, VRTS, VSH, VTG, WCC, WCG, WNR, WTS, XRAY, ZBRA, ZTS, ZUMZ

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

S&P 500 narrowly escapes with a gain

Posted by Admin on October 9, 2013

Index & Sector performance 10/9/13 The Market: Rumors out of Washington have helped drive the indices of late as investors are looking for more information regarding the government shutdown as well as who may be replacing Ben Bernanke. News today broke that Janet Yellen will be the next Federal Reserve chairperson taking the place of Ben Bernanke at the end of January 2014. Initial opinions seemed to be that Yellen will continue on with a more dovish stance for the Fed. Today looked as though the market could not gain traction but at 11:30 am EST the market bottomed and…

Category Tabber, The Nightcap · Tags ABIO, ALJ, AMRN, AMTD, APC, ARIA, BEN, BG, BHI, BIDU, CALD, CBST, CELG, CLMS, DY, EOG, ETFC, GD, GDOT, GDP, GPN, GS, HAL, HAWK, HBHC, HES, HP, HPQ, IBKC, IBKR, IGTE, INTU, IP, JOSB, LNN, LRN, MAS, MASC, MCK, MU, MW, MYCC, NBR, NDAQ, NKE, NPSP, NXPI, OC, PIKE, Q, RT, SIVB, SLB, TCBI, TDW, TK, TSN, TSO, V, VAC, VIPS, VPHM, YHOO, YUM

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

Charts to Watch

Posted by Admin on August 18, 2013

What ended up being a tough week for the market left many names I was following pulling back m0re than I would have desired but still intact. While I believe it is always prudent to be looking at stocks from the short side, the longer term trend is still higher. I think that it is VERY likely that we see the markets continue to consolidate and even lose ground but I think people tend to lose tract of their long ideas during these times and this is when you want to be watching them as if they hold in during…

Category Charts, Tabber · Tags AAPL, ACI, ADSK, AMGN, APA, AVP, BAX, BZH, CLF, CNX, DLTR, DVN, FCX, FSLR, GERN, GFA, GGB, LUK, NBR, NIHD, OXY, TTM, X

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