Russell 2000 lags all other Indices

Posted by Admin on September 21, 2015

The Market: The Russell 2000 (IWM) was the only index on the WSC Scoreboard to finish lower on the session which was led by the Dow (DIA). Most of the indices on the WSC Scoreboard finished the session higher but HeathCare (XLV) was hit hard finishing –1.33% lower. XLV remains only one of two sectors still up YTD but was hurt today by comments from Presidential candidate Hillary Clinton who, after a privately held company, Turing Pharmaceuticals, announced a 5,000% price increase in its treatment for toxoplasmosis, called specialty drug prices “outrageous” and vowed to lay out a plan to…

Category Tabber, The Nightcap · Tags AAPL, AER, AM, AQXP, ATML, AUY, AYR, AZO, BAK, BANX, BDN, BKEP, BPL, BUD, BWP, BXP, CAG, CAM, CCL, CCLP, CNNX, COL, CORR, CPE, CPF, CSTM, CYBR, DEI, DHI, DM, DRI, DV, EEP, EEQ, EFOI, ENBL, ENLC, ENLK, EPD, EQM, EQR, ETP, EXH, EXLP, FCX, FDS, FLY, GALT, GEL, GIS, GLBL, GLP, GOOG, GS, HCN, HCP, HLX, HP, HR, IART, IMGN, INFI, INTU, IPGP, JPEP, KMI, KMX, KOOL, LTC, LULU, MAA, MBFI, MIC, MMLP, MMP, MPEL, MRK, MU, MYL, NBR, NEWR, NGL, NGLS, NOK, NRG, NYLD, PCP, PE, PLNT, POT, PSXP, PYPL, QURE, RHT, RICE, RLGT, RMP, SAAS, SFNC, SNDK, SONC, SPWR, SSB, TERP, TGI, THO, TMHC, TPUB, TRMB, TXMD, VBLT, VTR, XON, ZAYO, ZSPH

Markets finish up but look vulnerable

Posted by Admin on September 10, 2015

The Market: While it was not our expectation, we noted in Tuesday’s NightCap that, if the market extended higher, we would expect the downward sloping 20 day SMA to act as resistance. If you look at the SPY, this is exactly where the market stopped in early trading on Wednesday and then proceeded to pullback sharply. While all the major indices on the WSC Scoreboard finished higher in today’s trading, the market looks vulnerable to more downside in the coming days-weeks. Leading sectors in today’s trading was Transportation (IYT), Technology (XLK), and HealthCare (XLV) while the Utilities (XLU) and Retail…

Category Tabber, The Nightcap · Tags ABBV, ACC, ACET, AMBA, APIC, ARRS, ATR, AVGO, AXE, BABA, BAC, BCR, BLDR, BLK, BMO, BP, BRC, BWFG, CBS, CHKE, CLVS, CRK, CRR, CTLT, CTRE, CVT, CXRX, DLTR, DOX, DTSI, EGAN, EXTR, FIT, FNSR, FRAN, FSP, GILD, HDS, HELI, IMPV, INTU, IR, JIVE, KR, LLY, LMNR, LNC, LULU, LVS, MFRM, MGM, MTD, NEWR, NX, PANW, PCG, PFG, PFPT, RH, RY, SIGM, SNOW, STX, SUNE, SWI, SWN, TD, THC, TPLM, TWX, ULTA, USAT, VISI, VRNS, WAT, WRK, XTLY, ZEN, ZUMZ

Huge intraday rally as Volatility continues

Posted by Admin on August 12, 2015

The Market: It is not uncommon when the S&P is down 25+ points intraday for their to be a rally but to see the index trade down over 30 points and then finish the session slightly up is surprising. Even with the recent volatility, we remain within a range from, roughly, 2130 to 2050 in the S&P. We are interested to see if the Bulls can build on today’s move off the low and gap higher tomorrow. If not, we would not rule out the S&P revisiting today’s lows in the short-term. Expect the volatility to continue. Leading sectors today…

Category Tabber, The Nightcap · Tags AAP, ABMD, AEM, AER, AHT, AMID, AMPH, ARCO, ARGS, ASPN, AVOL, AXL, BBEP, BCLI, BGG, BIOS, BLIN, BONE, BSM, CAAS, CACI, CELP, CFMS, CHCO, CIDM, CIVI, CME, COTY, CPA, CRNT, CSC, CSCO, CYBR, DCT, DPRX, DRH, ECR, EFC, EROS, ESES, FLL, FLO, FMSA, FOE, FOSL, FRSH, GBSN, GDDY, GK, GKOS, GLMD, GLOB, GPS, HIBB, HMIN, HPT, HT, HTZ, ICON, IMDZ, INGN, IOC, ITI, JASO, JCI, JD, JOB, KEY, KINS, KNOP, KPTI, KSS, LB, LC, LEA, LHO, LIQT, LNCE, MACK, MCF, MDLY, MMYT, MXPT, MYL, NEOT, NEWR, NRX, NTES, NTLS, NWSA, ONDK, OPXA, PAH, PDCE, PEGI, PFNX, PGN, PIRS, PPSI, RESI, RJET, RLJ, RNDY, RXII, RYI, SF, SHAK, SHO, SIEN, SINA, SLTC, SMT, SN, SNC, SSRI, STOR, STRI, SVA, SYK, SYMC, SZMK, TDOC, TEN, TEX, TGTX, TISA, TPH, TRCO, TRNO, TTWO, ULTR, UPIP, UPLD, V, VIAV, VIPS, VRTV, VSTO, WB, XHR, XONE, ZBRA

Revisiting December’s lows

Posted by Admin on January 6, 2015

Index & Sector performance 1/6/15 The Market: Oil appears to still be affecting the broad market and causing caution in investors as crude, which lost the psychological $50 level yesterday, traded down over $2 in today’s session. Yesterday we remarked that a gap down in the morning could be a short term trading opportunity to the long side but unfortunately we opened flat to slightly up, negative the set-up, and then continue to crawl higher in the first hour of trading before the indices began to sharply lose ground. Today’s sharp drop eventually found support at the mid-December trading lows…

Category Tabber, The Nightcap · Tags AAWW, ABG, AEC, ALLT, ALXN, AMBA, AMGN, ANTM, APO, ARE, AVOL, BAC, BDX, BIIB, BJRI, BLOX, BSFT, C, CAP, CELG, CHRW, CNC, CNV, CNXR, COL, CSX, CTRX, CUDA, CXO, DNKN, DPZ, DRI, DXCM, ELLI, EW, FBC, FFIV, FIG, FNHC, FOXA, FRGI, FSTR, FWRD, GBX, GE, GILD, GIMO, GPC, HDP, HII, HIVE, HTA, HUM, ISRG, IVZ, JNS, JPM, JRVR, KITE, KORS, KRA, LOCO, MDT, MDVN, MHR, MIG, MNST, MON, MSM, N, NDRM, NEWR, NPSP, NSM, OUTR, PCYC, PKI, PNRA, QGEN, QIHU, REGN, RPM, SLXP, SNSS, ST, STZ, SVU, TGH, TTWO, UNF, UTHR, VRNS, VRTX, WDAY, WK, XONE, XOOM, Z

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Russell 2000 lags all other Indices

Markets finish up but look vulnerable

Huge intraday rally as Volatility continues

Revisiting December’s lows