SPY is sitting on the 50 day SMA

Posted by Admin on September 23, 2014

Index & Sector performance 9/23/14 The Market: U.S. led airstrikes in Syria and weaker than expected European manufacturing data helped continued weakness in the broad markets with the Russell 2000 (IWM) again leading the way to the downside. After peaking back positive YTD in late August and into early this month, the IWM is now down 3.46%. The NASDAQ (QQQ) was the clear winner, on a relative basis, and was helped by a strong showing in Apple (AAPL) which closed up 1.56%. The S&P 500 (SPY) is now near, essentially at, its 50 day SMA and we are very interested…

Category Tabber, The Nightcap · Tags AAPL, ACN, APOG, ARCW, ASNA, BID, CAB, CALL, CCJ, CHE, CLD, CLX, CPN, CREE, CSIQ, CVX, DRC, DSPG, DYN, FOE, GARS, GMAN, HFC, HI, HPJ, IMMU, IPG, KBH, KMI, KOP, MATW, MPC, MTN, MTSC, MTW, NANO, NRG, NTAP, P, PAYX, PGNX, PLM, PRXL, PSX, RARE, SAH, SGMO, SHOR, SIAL, SIVB, TAM, TRS, TSO, ULTA, UNT, VIV, VLO, WGP, WSO, XOM

Market continues higher on low volume

Posted by Admin on August 13, 2014

Index & Sector performance 8/13/14 The Market: Monday was a solid up day to follow-up on Friday’s move but one concerning aspect was how the indices finished noticeably off the intraday highs. That trend continued taking the indices lower in Tuesday’s session but the losses were contained and today it was back up as all 4 indices on the WSC Scoreboard finished higher with the NASDAQ (QQQ) leading the charge. In individual sectors there were three standouts with HealthCare (XLV) the biggest winner finishing the day up 1.21% followed by a tie for second with both the Industrials (XLI) and…

Category Tabber, The Nightcap · Tags AAP, ACM, AER, AMPH, AMSC, AMZN, ARTX, ATHL, AWAY, BGG, BGMD, CEQP, CGI, CREE, DANG, DWRE, EBAY, EGL, EGOV, EPZM, ESS, EXK, EXPE, FB, FEYE, FRF, FXEN, GK, GLRI, GOOG, HIL, HMHC, IMOS, INGN, IPI, IT, ITC, JDSU, JGW, KEYW, KING, KNOP, KSS, LEAF, LNKD, LRN, MBLY, MELI, MHR, MOS, MRIN, MTBC, MTLS, MTZ, NEWT, NGL, NVAX, P, PCLN, POT, PRGO, RCAP, RCPT, RDN, RRGB, SAFT, SCCO, SFXE, SRT, TMST, TOUR, TRIP, TW, TWTR, VAL, VSAT, WMT, YELP, ZFC, ZFGN

Fed helps S&P to new highs

Posted by Admin on June 18, 2014

Index & Sector performance 6/18/14 The Market: After what amounted to a roughly 1.5% correction from the 6/9/14 highs to the 6/12/14 lows, the S&P 500 has since rallied and as of today’s close made a new intraday and closing all time high. The majority of the gains were realized after the FOMC statement and rate decision where the Fed left the rate unchanged and lowered monthly bond purchases by $10B. We have taken a cautious stance on the broad market since 6/6/14 due to multiple overbought conditions across multiple time frames. While the pullback from 6/9 – 6/12/14 helped…

Category Tabber, The Nightcap · Tags ACT, ADBE, AEGN, ALLE, ANET, BBRY, BCR, BEN, BLDP, CBI, CBRL, CGEN, CLB, CLDT, COV, CSCO, DMND, DTV, ECYT, ETRM, GDP, GLNG, GLPI, GNC, GRMN, HAL, IHS, INGR, IRWD, ISIL, JMEI, KBR, KR, LE, MCRS, MDT, MEET, MPEL, NBBC, NDSN, NES, NGVC, NMBL, OAS, OUTR, P, RAD, RNA, SDPI, SMLP, SPWR, TIVO, TOUR, TSN, USAC, WAG, WMB, WTR, WU, XOOM

Strong start with new highs

Posted by Admin on May 12, 2014

Index & Sector performance 5/12/14 The Market: A strong start to the week as a broad based rally in the market was led by the Russell 2000 (IWM) up 2.27% and the NASDAQ 100 (QQQ) up 1.65% while the Dow and S&P reached new closing highs. The two stand out sectors were Retail (XRT) and the Transportation (IYT) while the Utilities (XLU) lagged closing down 0.92% but remain the largest gainer YTD. We have much more economic data this week and tomorrow all eyes will be on Retail Sales which is released before the open. Headline sales are expected up…

Category Tabber, The Nightcap · Tags AAN, ACT, AETI, AHH, AHT, APO, ARTX, AYR, BDBD, BTU, CAR, CG, CIO, CPE, CPN, CRDC, CSCO, CSII, CUZ, DCIX, DE, DISH, DKS, EA, ELGX, ESNT, FIBK, FOSL, FRT, HLT, HOLX, IBP, IDRA, IM, INSY, IRDM, KKR, MC, MNK, MTB, NAVI, NEO, NMBL, NRG, OMC, OMEX, OPB, OPHT, ORA, OSIR, P, PACW, PAYC, PF, PLUS, QCOR, REN, RICE, RL, RNF, RSPP, RTK, SIRO, SNX, SPWH, SSYS, TCB, TGTX, THRM, TRIV, TRV, TWTR, USAT, VTL, WB, WIX, WR

Tech stocks lead sell-off

Posted by Admin on May 6, 2014

Index & Sector performance 5/6/14 The Market: Last night we noted 1872ES as a key level to watch. If it held as overnight support then the index could look to target Friday’s 1886ES highs but if lost then we could see Monday’s lows of 1860.50ES tested and then 1850ES. In overnight trading the S&P was only able to reach 1881.50ES falling short of Friday’s highs and by the open the futures were sitting at our key 1872ES level. After some initial jostling around the 1872ES level, the index started to roll over in midday trading reaching as low as…

Category Tabber, The Nightcap · Tags AGN, AIV, AOL, APC, ARIA, ARQL, ATHN, AVA, AYR, BAM, BBG, BHI, BSFT, BXP, CERU, CFN, CHK, CLH, CLMT, CLR, COWN, CTRP, CTSH, CXO, DATA, DCT, DUK, DVN, DWA, EGP, EMES, END, EOG, FPI, GDP, GIL, GTE, GTIV, HAL, HEAR, HNT, HST, HTZ, HUM, INTL, IPWR, KBR, KING, KN, LAMR, LCI, LGND, LPT, LUV, MDLZ, MEMP, MVG, NAVB, NCMI, NLS, NTLS, OAS, P, PAHC, POM, PQ, PRGO, RAS, RIGL, ROC, RRC, SALE, SBGI, SCHW, SE, SFUN, SGEN, SILC, SLB, SMG, SNSS, STAY, SUSS, SYNA, T, TAP, TAST, TGT, TKR, TMHC, TNET, TREX, TS, TWTR, VLO, VOYA, VSI, VSTM, WBAI, WPX, WRES, XEC, YELP, ZOES

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

S&P 500 remains above the 50 DSMA

Posted by Admin on April 7, 2014

Index & Sector performance 4/7/14 The Market: Friday’s selling action continues on Monday as the S&P 500 index lost roughly 20 points. Today’s lows in the SPDR S&P 500 ETF (SPY) correlated nicely with previous levers of reaction and the 50 day SMA. If this short term support is lost we could see the cash index next targeting $1800 and even $1650-1700. In the meantime, aggressive traders could look to use today’s lows as a level to trade again on the long side for a bounce. Reporting EPS 4/8/14 Pre-Market: Only one name of note reporting EPS tomorrow…

Category Tabber, The Nightcap · Tags AA, AAL, ADI, AEO, AGIO, AKAO, ANN, APC, APC SLB, AR, AVGO, AYI, BCR, BDX, BGS, BHI, C, CALX, CJES, CMA, CMP, CNVR, CODE, CPA, CSX, DPRX, EGN, FEYE, FUEL, GD, HAL, HFC, HTGC, IM, INTC, INVN, IPHI, IRS, ISCA, ISRG, JBLU, KMT, KND, LGIH, LGP, LII, LLL, LVS, MAT, MCHX, MGM, NEM, NFLX, NYCB, ONNN, OSK, P, PBF, RDC, RESCU, RNST, SBNY, SEM, SPF, TDG, TEVA, TEX, TRLA, UA, UPL, WSH, XLNX, YELP, ZMH

Market reaches target, now what?

Posted by Admin on February 10, 2014

Index & Sector performance 2/10/14 The Market: A light volume start to the week and a very tight trading range with the S&P 500 cash trading in an 8 point range and even including early trading in the futures the entire day stayed within a 9.25 point range. The following noteworthy companies are scheduled to report earnings before tomorrow’s open: CVS, S, REGN, RAI, MMC, OMC, PCG, HCP, IR, ETR, GWR Analyst Comments: The Game Plan: The S&P 500 (SPY) 60 minute chart has a potential inverse Head & Shoulder pattern which counts…

Category Tabber, The Nightcap · Tags ACSF, ADXS, ALXN, ARX, AXP, BIN, BMY, BPL, BWP, BYI, CAMP, CELP, CVLT, CVS, CWST, CYOU, DLX, DO, DRQ, ETR, FFIV, FUEL, FWM, GALT, GEVA, GILD, GWR, HCP, IM, IMPV, IR, JACK, JPM, LCI, LGND, LH, LM, LNG, MCO, MDC, MHFI, MMC, MT, MTOR, MU, MWW, MXIM, NBIX, NFG, NKA, OMC, P, PAA, PAGP, PCG, PETX, RAI, REGN, RLJ, ROVI, RRGB, S, SCCO, SNHY, STJ, SXE, TMUS, TRN, TSO, TXRH, UNT, URBN, VOD, WFM

Strong up day ahead of Jobs

Posted by Admin on February 6, 2014

Index & Sector performance 2/6/14 The Market: In the News: The following noteworthy companies are scheduled to report earnings before tomorrow’s open: CI, MCO, WYN, LH, BPL, APO, CBOE, MSG, FLIR Analyst Comments: The Game Plan:

Category Tabber, The Nightcap · Tags AKAM, APO, ARMK, ARW, BAH, BPL, BWLD, BYD, CACI, CBOE, CCL, CI, COL, CRR, DIS, DO, DOW, FITB, FIVE, FLIR, FUEL, GLUU, GMCR, HTLD, IACI, IMPV, KIM, KO, LEN, LH, LVLT, MCO, MDC, MLI, MMP, MSG, MTH, NLSN, P, PLOW, PNRA, PSMI, PSX, RDN, RNR, RRTS, SHOO, SODA, SWI, SWN, SYNL, TQNT, TWTR, VECO, VED, WYN, YELP

Low volume day follows the trend

Posted by Admin on November 22, 2013

Index & Sector performance 11/22/13 The Market: The market made solid gains trending higher all day to close over $1800 in the S&P 500. If there was anything concerning about today’s rally, it was the volume which seemed very light but seeing a market move in the direction of the trend on low volume days is not uncommon. There was not much on the Economic data front today besides some fed speak but Thursday the 21st was big. Unemployment Claims came in better than expected posting 10K below (323K vs 333K) expectations while the previous week was adjusted slightly higher…

Category Tabber, The Nightcap · Tags ACE, ADSK, AES, AFFX, AMCX, ARIA, ARUN, BEN, BONT, CHTR, CPHD, CRK, CRZO, CVA, CXW, CYBX, DLTR, FRX, GLPI, GME, GOGO, HAYN, INTC, JBLU, LNC, LQDT, LRE, MPO, MRVL, MU, NUS, OTEX, P, PAY, PDCE, PFG RE, PODD, PRE, QIWI, RAX, ROST, SGI, SGY, SIMO, SMCI, SN, SPB, SPLK, TFM, TFX, TGT, TMK, TTWO, TWC, UAL, UBNK, UNIS, USAK, VMEM, VRTS, XEC, YUM

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