Back test of the 20 & down

Posted by Admin on December 11, 2014

Index & Sector performance 12/11/14 The Market: Strong optimism in early trading was attributed to better than expected Retail Sales numbers and Unemployment Claims along with the stabilization of oil but in midday trading, after the S&P 500 (SPY) had rallied back to re-test its 20 day SMA, oil started to slide and took the SPY with it. While the table above shows the SPY up on the session, as it currently stands those gains have been entirely erased in the aftermarket. We will be watching the overnight session to see if the S&P can stabilize, reverse, or if it…

Category Tabber, The Nightcap · Tags ABBV, ABCO, ALTR, AR, AREX, ARIA, ATHN, AVT, BDC, BEAVV, BRX, BXP, CALD, CLR, CNX, DOX, ECR, EOG, EPE, EQR, EVR, FLR, FSFR, GDP, GLOG, GPOR, HCN, KEYW, LC, LLY, MAC, NFX, OAS, PCAR, PLD, PPS, PXD, SN, SPG, SPLS, SWC, SYRG, TC, TCO, TGP, TOL, UNFI, UTHR, VNOM, VTL, VTR, WLL, WPX

The 20’s support today’s drop

Posted by Admin on December 8, 2014

Index & Sector performance 12/8/14 The Market: The S&P opened lower but like every other recent micro pullback it found a bottom and started to rally higher. The market again looked like it wouldn’t be denied a higher close but then after the initial morning pop the indices started to roll and continued lower until roughly 2pm ET when they found a bottom for the session and moved off the lows into the close. The lows on the S&P 500 (SPY) and NASDAQ (QQQ) correspond with the 20 day SMA and we will be looking to see if those lows…

Category Tabber, The Nightcap · Tags AAL, AAT, AAWW, ABM, ACGL, ADMA, AMAT, ANET, APA, AR, AWH, BLK, CBRL, CIE, CME, CMT, CNQ, CRMD, CRR, CVX, DMND, DRIV, EBAY, EGP, FORM, GLOG, GOOG, HD, HRB, IDT, ISIS, ITW, JMP, JNJ, KLAC, LDR, LF, LHO, LNN, LRCX, LUV, MBI, MCC, MDGN, NDAQ, NFX, OAS, OHI, PLAB, PRAH, PRE, PSEC, RSE, SBLK, SBUX, SEAC, SKYS, SWFT, TASR, TSM, USB, UTX, VRNT, VUZI, WBC

Low volume drift higher

Posted by Admin on November 10, 2014

Index & Sector performance 11/10/14 The Market: Without any key news or economic data the market was happy to drift with the trend which is higher. This drift higher in the markets has created some negative divergence on the intraday charts so we would not be surprised to see downside action early in the week. However, at this time we would expect the losses to be contained and ultimately for that initial dip to be a buying opportunity for short term traders. Stand out sector to the upside was Transportation (IYT) which finished the day 1.34% higher followed by HealthCare…

Category Tabber, The Nightcap · Tags ACM, AEO, ANF, AR, ARE, AREX, ATRA, BAM, BDBD, BMRN, BRS, CCOI, CIEN, COTY, CPE, CRM, CSGP, CST, DHI, DIS, DLTR, DM, EC, EPE, ERIC, EV, FMSA, FWP, GIS, GLRI, GLW, GNW, GST, GWBD, HD, ICD, ICPT, INFN, INGN, INSY, JEC, KPTI, KSS, LGIH, LMCA, LOW, MIFI, MYGN, NES, NFX, NGL, NGS, NSM, NSTG, NU, OCIP, OPHT, ORIG, PETX, PFMT, PGEM, PHM, PNW, POL, QIWI, RENT, REXX, RNF, RRMS, SABR, SGM, SPR, STAY, SXE, SZYM, TEVA, TGT, TOUR, TRBAA, TVPT, VPRT, VSAT, WAC, WSBC

Overnight loses quicky negated

Posted by Admin on October 30, 2014

Index & Sector performance 10/30/14 The Market: In the overnight session the S&P 500 futures lost roughly 20 points and it appeared to be signaling for a rough Thursday but then recouped nearly all the loses by the open and managed to rally for the majority of the day. All 4 indices from the WSC Scoreboard finished higher with the Dow (DIA) leading the charge helped immensely by Visa (V) which finished the session up 10.24% after reporting better than expected EPS and a new $5B Share Repurchase program yesterday after the close. In Individual sectors the clear standout was…

Category Tabber, The Nightcap · Tags ABBV, AEC, AFOP, AKAO, ALK, ALLY, AON, ASPX, ATML, AXL, BABA, BAH, BLDP, BWS, CBOE, CFG, CG, CHRW, CLS, CLSN, CLX, COL, COMM, CREE, CVX, D, DECK, DISCA, DSW, DXYN, ESRX, EVOL, FFIV, FINL, GCO, GLUU, GWR, HES, HLT, HTA, HVT, ITT, KATE, KRFT, LM, LOCK, LOPE, LOW, LUV, MC, MMP, MMYT, MOBL, MSG, MSTR, MWA, NEE, NFX, NS, NWL, OSK, P, PEGI, PNM, PNW, POM, PRXL, QGEN, RFMD, RYAM, S, SFLY, SHOO, SKX, SO, SPR, SPW, SSNC, SWN, TCK, TDS, TE, TIBX, TQNT, TRMK, TSLA, TTWO, USNA, V, VTG, WETF, WEX, WLP, WM, WNC, WY, XLS, XOM

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

Russell clear winner in mixed start to week

Posted by Admin on June 9, 2014

Index & Sector performance 6/9/14 The Market: All 4 major indices on the WSC Scoreboard started the week moving higher picking up where they left off last week including the small cap Russell 2000 which continued its recent outperformance. The quick start soon came to an end when each index made a top around noon ET which was never again revisited in today’s trading. While the Russell 2000 managed to finish respectfully higher for the day, the rest of the indices were flat to slightly down. We noted in Friday’s report last week that the S&P 500 closed outside of…

Category Tabber, The Nightcap · Tags AAPL, AKER, ARCO, ARRS, AXE, BDX, BIG, BMRN, BRCM, BURL, BWFG, CBK, CMTL, COF, DG, DST, ERF, ESS, ETH, FDO, FE, FRAN, HDS, JONE, LB, LODE, LULU, MCC, MGNX, MINI, NBCB, NFBK, NFX, NNN, OIS, PAA, PAGP, PBY, PEB, REXX, RSH, SAIC, SNMX, SRE, STI, TCBI, TCP, TRV, TSLX, VRTS, WAG, WB, WM, WYNMF, ZEN

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

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