Farewell QE3

Posted by Admin on October 29, 2014

Index & Sector performance 10/29/14 The Market: It was a relatively quiet session the majority of the day as traders were awaiting the 2pm FOMC rate decisions and statement. As was expected, the Fed ended QE3 but continued to note that rates would remain low for a “considerable period”. The initial reaction after the release was a move lower but the market had already been trending that way since the open and, after the initial drop, buyers stepped in and ultimately the indices closed only slightly lower. It was a mixed session across the WSC Scoreboard sectors with Materials (XLB)…

Category Tabber, The Nightcap · Tags ABC, ABT, ACIW, ACOR, ACPW, AFSI, AKRX, ALLE, AMAG, AMCX, AMGN, AMT, AMZN, ANR, APD, APO, ARCP, ASGN, AVB, AVNR, AVP, AZPN, BABA, BG, BGCP, BLL, BOOM, BWA, CAH, CBM, CBRL, CBS, CDR, CI, CLF, CME, CNC, CNSL, COP, CTRX, CVI, CVLT, CVRR, CYOU, DBD, DFT, DHX, DRQ, DST, DTE, DYAX, EBAY, EMES, EPD, EPIQ, EPR, ESV, EZCH, FB, FCH, FIG, FIS, FMSA, GBX, GEL, GILD, GK, GNC, GOV, GTI, GTLS, HAR, HCA, HCC, HEES, HLS, HST, IDCC, INCY, INGR, INSY, INVN, IQNT, IRDM, IRM, ITC, IVZ, JCI, JD, JMBA, K, KEYW, KMT, KORS, LAD, LECO, LIQD, LKQ, LLL, LPLA, LRN, MA, MAR, MAS, MCK, MD, MDC, MDXG, MGM, MO, MPC, MPW, MSCI, MSM, MTSC, MTW, NAO, NBL, NI, NOV, NVCN, NYT, OCN, ODFL, OI, PBF, PBI, PCG, PCRX, PEG, PES, PH, PTSI, Q, RAS, RDEN, RDN, RDWR, RGLD, SAIA, SAVE, SCG, SERV, SHOO, SMA, SNCR, SSB, STRZA, SUI, SWI, TASR, THRM, TMUS, TWC, ULTI, UNIS, UPL, VALE, VIPS, VNTV, VRTX, VVTV, WHR, WLT, WST, WWE, XEL, XOOM, YHOO, ZAYO, ZLTQ

XLE hit hard on overall mixed session

Posted by Admin on October 27, 2014

Index & Sector performance 10/27/14 The Market: A rumor Thursday of a doctor infected with the Ebola virus being rushed to an NYC hospital helped take the market off the highs and then in Thursday’s overnight session it was confirmed that the doctor indeed had Ebola which sent the futures spiking lower but by Friday morning they were off the lows from the overnight session and marched higher closing near Thursday’s intraday highs. Today was much more of a muted consolidation session with the S&P 500 cash index remaining within a roughly 13 point range which while not historically small…

Category Tabber, The Nightcap · Tags AA, AAN, ACI, ACW, AEP, AET, AGCO, ALR, AMBA, AME, AMGN, AMTD, AMZN, AN, APC, AUPH, BABA, BALT, BAS, BBT, BF.B, BMY, CACI, CALA, CEB, CIT, CIVI, CLR, CMCO, CMI, CNC, CNX, COG, COH, COMM, CSLT, CVA, CVLT, DD, DIN, DO, DPM, DSX, ECL, EME, EMES, ENTG, EPE, EQT, ESPR, EVDY, EZCH, F, FB, FCX, FET, FLIR, FLO, FLS, FLWS, FMER, FMSA, FNFG, FWRD, GLPI, GLW, GOOG, GPS, GRMN, HAL, HCA, HLSS, HOT, HRS, HTLD, ICON, IDXX, IHS, IIVI, ILMN, IMPR, IPGP, KLAC, KO, LEA, LH, LPI, LPNT, LVLT, MCGC, MDLZ, MDSO, MEP, MJN, MLM, MMC, MSM, MWV, NBL, NDRO, NEM, NGLS, NNA, NOW, OKE, OME, PCAR, PCG, PCP, PE, PES, PFE, PH, POR, PTEN, RAD, RAX, RGLD, SALT, SAVE, SCHN, SFL, SHW, SIRI, SNCR, ST, STE, SXC, TGTX, TKR, TRGP, TRS, TRW, TTS, TWI, UTHR, VBLT, VEEV, VSH, VSLR, W, WAB, WAGE, WBC, WBMD, WDR, WHR, WIRE, XYL, ZUMZ

S&P nearing last week’s low

Posted by Admin on October 7, 2014

Index & Sector performance 10/7/14 The Market: After being rejected by the 50 day SMA yesterday, the S&P 500 (SPY), along with the other major indices on the WSC Scoreboard, followed up today with a strong down session. So far the SPY has managed to stay above the 10/2/14 spike low but we are very close. Utilities (XLU) continue to outperform on this recent down turn and after spending some of today in positive territory managed to only finish 0.14% lower. Next best was the Consumer Staples down 0.59%. Leading to the downside today was yesterday’s top loser, Transportation (IYT), …

Category Tabber, The Nightcap · Tags AAPL, ADHD, AFMD, AGCO, ARUN, ASC, BALT, BDX, BMR, BRKS, CAMP, CBS, CCK, CFG, CFN, CI, CLF, CMI, COST, CTCM, CTXS, DE, DNKN, DSX, ETE, ETP, EZCH, FIS, GMCR, GWLIF, HIBB, HIG, HPQ, ICPT, IP, IR, JACK, LDOS, LII, LVS, MDVN, MGM, MON, MPO, NNA, NVAX, OMED, PAY, PCG, RF, RKT, RPM, RWLK, SALT, SKX, SLF, SLXP, SNSS, SODA, STNG, TEX, TNP, TSRO, TSS, TTPH, TWX, URI, USB, VCYT, VEC, VLCCF, VNTV, WCG, XCO, ZINC

Tech & Small cap trend change?

Posted by Admin on September 3, 2014

Index & Sector performance 9/3/14 The Market: While the Dow (DIA) and S&P 500 (SPY) closed essentially flat, the Nasdaq (QQQ) and Russell 2000 (IWM) both finished decisively lower. In addition the technical action in both the QQQ and IWM is concerning as both started the day gaping above the previous day’s highs to only then sell off the remainder of the day finishing below the previous day’s lows. Those into candlestick charting will recognize this as an Engulfing pattern and can signal a change in trend. In individual sectors it the Utilities (XLU) leading the charge finishing the day…

Category Tabber, The Nightcap · Tags AGI, AMBA, AMSG, AMT, ATHL, AUQ, AVNW, BAC, CBOE, CENX, CHRW, CHS, CIEN, CLD, CMO, CNK, CNQR, CONN, CPE, CYS, DGX, ECHO, ESV, EXAS, FTR, GSVC, HOV, HT, HURC, INFI, JOY, JPM, KNX, KSS, LL, LRE, MEI, MFRM, MTBC, NCLH, NGD, OEC, ORC, OTTR, OUTR, PAY, PCG, PMC, PPBI, PPP, RCL, RPRX, SALT, SBLK, SFG, SQBK, TMH, TTPH, UCFC, UTIW, VLCCF, WMS

Lots of data yields flat finish

Posted by Admin on July 30, 2014

Index & Sector performance 7/30/14 The Market: Lots of Economic Data/announcements in today’s session but when the dust settled it was surprisingly a flat session with the NASDAQ (QQQ) and Russell 2000 (IWM) leading while the Dow (DIA) finished slightly lower and the S&P 500 (SPY) finished slightly higher. The leading sector on the WSC Scoreboard was Retail (XRT) finishing the day up 1% however Retail remains the only individual sector on the WSC Scoreboard that is down for the year. The laggard was the Utilities (XLU) and decisively so finishing the day down 1.69%. We remain interested in some…

Category Tabber, The Nightcap · Tags ACIW, ACOR, ADP, AGNC, ALK, ALKS, AMCC, APA, ARW, ATK, AVP, AXP, AYR, BDX, BG, BGCP, BGFV, BKCC, BLL, BWA, BZH, CARB, CDW, CHTR, CI, CL, CLD, CLF, CME, CNSL, COMM, COP, CRAY, CVI, CVRR, DDD, DLPH, DNBF, DOX, DSX, DTV, ECA, EMN, ENB, ENDP, EPD, ESV, ETN, EW, EXC, FCH, FCN, FIG, FTR, GNRC, GNW, GTLS, HCA, HIVE, HL, HP, HST, IMN, INCY, INVN, IRDM, IRM, ITG, ITT, IVR, IVZ, K, KBR, KMT, KORS, LIQD, LKQ, LLL, LM, LVLT, MA, MARA, MCK, MD, MMC, MMSI, MNTA, MPC, MSCI, MTOR, MW, NGS, NI, NLSN, NOV, NWL, OCN, ODFL, OPLK, OSK, OXY, PCG, PCRX, PES, PLT, PNR, PNW, PPL, PSUN, PWR, Q, RAS, RESI, RFP, RKUS, RRTS, RYL, SAFM, SAVE, SBH, SCG, SDRL, SFY, SHOO, SNMX, SQNM, SSB, STAY, STRZA, TE, TKR, TMUS, TRW, TWC, TWTR, UAL, UFS, ULTI, UPL, UTHR, VG, VNTV, VTG, VZ, WCG, WDR, WIN, WLT, WWE, XEL, XOM, XRAY, ZLTQ

Early dip finds interested buyers

Posted by Admin on July 28, 2014

Index & Sector performance 7/28/14 The Market: Early moves lower in the broad market indices soon found buyers and managed to finish the day near flat on the session with the Russell 2000 (IWM) continuing to lag. The DOW (DIA) played MA pinball with the lows in the early session touching the 50 day EMA while the highs of the session back tested the 20 day EMA. The stand out sector from the WSC Scoreboard was the Utilities (XLU) finishing up X% higher on the session. Every name in the sector ETF was higher and that vast majority were up…

Category Tabber, The Nightcap · Tags AAL, AAN, ABAX, ACI, ACRX, AEGR, AET, AGCO, AKS, ALK, ALLY, AMG, AON, ARCP, ARRS, ARW, BAS, BDN, BIDU, CAM, CDE, CIB, CIT, CLB, CLF, CNX, COG, COV, CPN, CSCO, CVLT, DHT, DK, DLR, DSW, DSX, DYN, ECL, EE, EL, ENPH, ENTG, EQM, EQT, ESRT, ETN, ETR, FBIZ, FIS, FSRV, FSS, GILD, GLPI, GLRE, GLW, GNC, GPOR, HCA, HOT, HRZN, HTBK, HW, ICON, INFA, INVN, IP, ISTR, ITW, JNPR, KLIC, LEA, LO, LPNT, LTM, LUV, LVLT, MDC, MDSO, MDXG, MHFI, MLM, MMC, MRK, NBL, NEE, NEP, NERV, NLSN, NOV, NR, NS, NSH, NYT, OSK, PBI, PCAR, PCG, PFE, POR, QRE, RAI, RAS, RNA, RSO, RYN, SAVE, SBAC, SFE, SIRI, SMTC, SNCR, SSE, ST, TEX, TRP, TRW, TWC, TWX, UDR, UHS, UPS, UTHR, VSH, WCG, WDR, WLB, WM, WSFS, WYNN, XRX, XYL, Z, ZMH

Indices take back losses plus

Posted by Admin on May 21, 2014

Index & Sector performance 5/22/14 The Market: Overall today was a quiet day in the market which saw green across the entire WSC Scoreboard with the Dow and NASDAQ leading the charge followed closely by the S&P and finally the Russell 2000 which is getting use to lagging. At 2pm EDT the FOMC minutes were released and discussed risks to the economy including U.S. housing, the Russia-Ukraine situation, and China’s economic slow down but this news did not appear to bother traders. Tomorrow is be the biggest economic data day of the week which includes Unemployment Claims and Existing Home…

Category Tabber, The Nightcap · Tags ADC, AIG, AINV, ALLY, ASEI, BAC, BBY, BKE, BONT, C, CHK, CMCO, CPF, CRM, CVA, DKS, DLR, DLTR, DOC, ENBL, ESI, EVAR, EVR, EW, GTIV, HD, JPM, KIRK, LIQD, LOW, LTXC, MC, MKTO, MMYT, MNRO, MOV, NGVC, NMBL, NUVA, OGE, PCG, PDCO, PEGA, PERY, PLCE, POT, POWR, QSII, RICE, RJF, SBAC, SGY, SHLD, SMRT, SNDK, TJX, TSRE, TTC, TWMC, UHS, UPL, URBN, VRX, WBC, WUBA, XOM

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

S&P on 5 day win streak

Posted by Admin on April 21, 2014

Index & Sector performance 4/21/14 The Market: The S&P 500 has been on an impressive 5 day winning streak but much like the “V” bottom we say back in February this year, this rally is coming on lower than average volume with today being by far the lowest in the S&P 500 sector ETF “SPY”. We stated in our 4/14 write-up that we would not be surprised to see the market used short term oversold levels and the shortened holiday Op-Ex week to rally. The question now is as traders get back to the desk in both the U.S….

Category Tabber, The Nightcap · Tags AAN, ACI, AEP, AGTC, AHP, AIV, AKS, AOS, ATHN, ATI, ATO, AWI, BBT, BHI, BIG, BK, BMI, BTU, BWP, BXP, CLI, CMCSA, CMG, CNC, COF, COMM, CRZO, CSGP, CSL, CSOD, DOV, DYN, EWBC, EXAM, FCF, FIX, GDP, GLNG, GLOG, GPC, HAFC, HNI, HOG, HOMB, HUBG, IG, IPG, IRBT, JAKK, JBL, JNS, LMT, LPT, LXK, MCD, MDSO, MS, MTG, MU, NAT, OMC, ORCL, PBYI, PCG, PCH, PDCE, PEP, PLXS, PNR, PPL, PSIX, PVA, PVTB, RF, ROYT, SB, SBNY, SFNC, SHW, SLG, SLM, SNV, SPG, SRPT, STI, TBI, TCB, TPLM, TRV, TWC, TWOU, UNH, URI, UTX, VFC, VMW, WLT, WTS, XLNX, XRS, YUM, 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

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