The NightCap

Posted by Admin on November 24, 2015

The Market: Global concerns sparked an initial move lower in early trading but the markets found support near the $2070 region in the SPX and then managed to finish the session slightly higher. Energy (XLE) was the clear leader on the WSC Scoreboard followed by Retail (XRT) and Materials (XLB). Transportation (IYT) lagged hurt by the State Department’s travel ban issued late Monday in response to the recent geopolitical events. After making a low in late August, the XLE rallied until early November and has since held in well consolidating below the November 6th high. XLE may be setting up…

Category Tabber, The Nightcap · Tags ADRO, ALOT, ANF, ARP, ARWR, AVAV, AVGO, AVP, BEN, BLOX, BRCD, BRKR, CAL, CBD, CONE, COYN, CSCO, CUZ, DATE, DCI, DE, DFT, DHR, EMES, ENTA, EQIX, ETP, EXAS, FB, FMSA, FOE, GES, GME, GVA, HA, HHC, HOG, HPQ, HTGM, HTS, ILMN, IPI, IVZ, JCI, JEC, KGC, KRNY, LNTH, LOW, MBFI, MEOH, MNK, MTD, MU, NMBL, NUE, ORIG, PANW, PAYC, PKI, POT, POWR, PRGO, PVH, QADA, QIHU, QUNR, REPH, RLGY, SAVE, SBOT, SCHN, SCVL, SE, SLAB, SLB, STLD, SUN, TEDU, TIVO, TMO, TSL, TSN, TSYS, VEEV, VNET, VWR, WAT, WBS, WIX, WMS, X, YELP, ZAYO, ZEN

$50 is the new $5….

Posted by Admin on August 26, 2015

The Market: As expected, volatility continues and $50 point swings are becoming as common as $5 point swings use to be. We expect volatility to remain high but would not be surprised to see the magnitude of the swing start to temper. Today was important because after two straight days of gap ups that sold off into the close, today managed to hold and extend on the gap after an intraday pullback. As we noted in Monday’s write-up, the market is very short-term oversold and we would expect a bounce so today’s action is not surprising but we will be…

Category Tabber, The Nightcap · Tags ABG, ALB, AMT, AMTD, AMZN, AN, ANF, AR, ASPN, AVGO, BA, BBG, BBT, BBY, BCEI, BCH, BONA, BURL, BX, CAM, CCI, CFG, CIE, CMI, COO, CRZO, DG, DNR, DSW, DXLG, ECR, EDAP, EGN, ETFC, EXC, EXPR, EXXI, FIS, FITB, FLWS, FMC, FOE, FRED, GASS, GES, GIG, GILD, GLBL, GLNG, GMLP, GNBC, GOGL, GOOG, GOOGL, GRUB, HAL, HBHC, HIVE, HMLP, HP, HR, HRB, HTA, HTBK, IBM, IBN, IKGH, INFY, IP, IVZ, KED, KEY, KKR, KLXI, KS, LAD, LCI, LM, LTXB, LXK, MCC, MERC, MHR, MIK, MOV, MPC, MRC, MYL, NBR, NFLX, NGVC, NKE, NMBL, NOV, NQ, NTES, OAS, OCN, OLN, OSK, PAY, PB, PCAR, PDCO, PINC, PLCE, PLL, PRCP, PRLB, PSEC, PVH, Q, QADA, QUNR, RCPT, REX, REXX, RRC, SBAC, SBNY, SCL, SDLP, SFM, SHLM, SIG, SJM, SLB, SLH, SPN, SPR, SRPT, SYRG, TCBI, TERP, THS, TIF, TLYS, TOL, TSL, UCFC, VAL, VNET, VOYA, WDAY, WETF, WLL, WRK, WSM, Z, ZBRA, ZION

Market Shrugs off initial gap down

Posted by Admin on May 28, 2015

Index & Sector performance 5/28/15 The Market: Today started with a gap down but the major indices on the WSC Scoreboard were able to rally back to near flat on the session with the NASDAQ (QQQ) leading to the downside. After two very volatile session, it appeared the market used today to take a breather. FYI, tomorrow is the last trading day of the month. Transportation (IYT) was the clear loser on the WSC Scoreboard as it finished nearly 1% lower on the session. We generally do not look to catch falling knifes and YTD the IYT has not been…

Category Tabber, The Nightcap · Tags AA, ABBV, ACT, AMGN, APTS, ATRS, AVGO, BIG, BLOX, BMRN, BONT, BRCM, CCG, CCLP, CHS, CMG, DECK, DGLY, DM, DSW, DXLG, ENVI, EQM, EXA, EXH, EXLP, FPO, GCO, GME, GNBC, GNW, IDTI, JNS, JPM, KORS, LVLT, LXP, MHR, MPC, MRCC, MTN, OVTI, OXY, PANW, PLUS, PSUN, QADA, RL, SAGE, SEDG, SMTC, SPLK, SRNE, SSTK, STRL, TAP, TFM, TIF, ULTA, VEEV, VLY, WDC

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The NightCap

$50 is the new $5….

Market Shrugs off initial gap down