Low volume give back after 3 solid days

Posted by Admin on October 22, 2014

Index & Sector performance 10/22/14 The Market: Today marked a give back after 3 solid days of gains. The leader to the downside was the index that we have been watching closely for the past few weeks, the Russell 2000 (IWM). The IWM’s underperformance throughout the year was a warning just as its outperformance near the recent bottom. The IWM has put in work to find a bottom and start to move off the lows of last week but it is not our of the woods yet in our opinion. First step is remaining above $107 and then the lows…

Category Tabber, The Nightcap · Tags AAL, AAT, ABBV, AEP, ALK, ALV, ALXN, AMRE, ARG, ATRS, AVT, BBCN, BC, BCC, BHE, BKU, BMS, BXS, CAB, CAM, CAT, CCE, CDE, CELG, CFN, CFX, CHKP, CHSP, CHUY, CLI, CMCSA, CMS, CREE, CRI, CRS, CTG, DAN, DFS, DGX, DNKN, DO, DPS, DTLK, ECA, EQT, ETH, EWBC, FAF, FXCM, GCAP, GLF, GMT, GNRC, GPI, GPL, HERO, HES, HL, HOV, IPXL, ISRG, JAH, JAKK, JBLU, JNS, KKR, KO, LAZ, LHO, LLY, LMT, LO, LPLA, LSTR, LTM, LUV, MCD, MCF, MINI, MJN, MMM, MSCC, MTZ, NFG, NLSN, NUE, OCN, OMC, ORI, OXY, PCP, PEB, PENN, PHM, PTEN, RCL, RS, RTN, RYL, SCMP, SIAL, SLAB, SMCI, SOHO, SONC, SONS, SSW, STE, STLD, TROW, TRV, TXN, UA, UAL, UCBI, UNP, USG, UTEK, VMW, WCC, WIBC, YHOO, ZMH

News & EPS will dominate week

Posted by Admin on October 20, 2014

Index & Sector performance 10/20/14 The Market: This is a very light Economic data week but don’t worry. Earnings will more than make up for it with a Packed schedule all the way through to Friday. All the indices on the WSC Scoreboard were nicely higher but the Dow (DIA) was the clear laggard after IBM (IBM) lost over 7% due to a disappointing Q3 report which missed on revenues and EPS. The company also announced that they would no longer be able to meet its goal of $20/share in operating EPS by 2015. Solid results across all the sectors…

Category Tabber, The Nightcap · Tags ABG, AEM, AIG, ALGN, ALSN, AMAG, AMTD, AOS, APOL, ATHN, ATI, AXP, BEAV, BF.B, BK, BRO, CBSO, CF, CFN, CLF, CMA, CNNX, CNX, CRI, CSL, CYBR, DHI, EAT, ETFC, FB, FCX, FNFV, GE, GPK, HLF, HOG, HPT, IBM, IP, IRBT, ITW, KBH, KEY, KMB, KO, KS, LEN, LMT, LPT, LXK, MAN, MCD, MDLY, MJN, MNKD, MTN, MU, NBR, NUS, NWSA, OC, OMC, PANW, PFBC, PHM, PKG, PLL, PNC, PNM, PNR, PPG, PTEN, RAI, RCI, RCL, RF, RKT, RNA, SAH, SBNY, SHPG, SIX, SLB, SNV, ST, STZ, SWFT, TGD, TMUS, TOL, TRV, TUBE, UNM, USNA, UTX, VIAB, VTAE, VZ, WAL, WAT, WR, XRAY, YHOO

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

Tech and HealthCare EPS lead

Posted by Admin on July 23, 2014

Index & Sector performance 7/23/14 The Market: Today the stand out index was the NASDAQ (QQQ) which finished 0.64% higher with a lot of help from Apple (AAPL) which finished the day up 2.61% after reporting EPS yesterday after the close. The S&P 500 (SPY) and Russell 2000 (IWM) were relatively flat, while the Dow (DIA) was the clear laggard and the only index to finish down on the session. Weighing on the Dow was Boeing (BA) and Caterpillar (CAT) which finished down 2.34% and 1.53% respectively. In individual sectors it was HealthCare (XLV) which shined helped immensely by Intuitive…

Category Tabber, The Nightcap · Tags AAPL, ABC, ALXN, AR, ARG, BA, BC, BCC, BCO, BIIB, BK, BKU, BMS, BMY, BPOP, BR, BRCM, BSX, CAB, CAM, CAT, CATM, CCE, CCK, CELG, CHKP, CLF, CLI, CMCSA, CMS, CNC, COG, COL, CRI, CSH, CTB, DAN, DD, DFS, DFT, DGX, DHI, DNKN, DO, DPS, DRH, EA, EAT, EDU, EQM, EXAS, F, FAF, FANG, FLIR, FMER, GNTX, GPI, GT, H, HA, HLT, HLX, HOT, HST, HSY, HXL, IMS, IR, ISRG, JAH, JAZZ, JBLU, JNPR, KING, KKR, LAZ, LHO, LII, LLY, LTM, LUV, MANH, MCD, MDRX, MMM, MSFT, MTH, MWE, MYCC, NBL, NDAQ, NPBC, NUE, O, PAA, PBYI, PCP, PDCE, PEB, PENN, PHM, PMBC, PNK, PRLB, PTEN, QCOM, QDEL, QSII, RCL, RGP, RHI, ROIC, RRC, RS, RTN, SHO, SIAL, SIMO, SXC, THRM, TRGP, TROW, TSE, TWI, UA, UAL, UNP, USG, UTX, VMW, VZ, WAB, WCC, WCN, WLL, WYN, XLNX, XPL, ZMH

6 day win streak ends..new starts?

Posted by Admin on April 23, 2014

Index & Sector performance 4/23/14 The Market: Today’s session snapped a 6 day winning streak for the S&P 500 but the losses were small and maintained a very orderly structure throughout the day. In after hours trading, the futures traded sharply higher helped by Apple’s (AAPL) earnings which beat EPS and revenue along with announcing a 7 for 1 stock split, increase in the buyback, and an 8% increase in the dividend. With tonight’s overnight action, the S&P 500 is now closing in on the all time highs . Focus will continue to be on earnings especially with a very…

Category Tabber, The Nightcap · Tags AAL, AAPL, ABC, AEGN, AEM, AET, AGN, AKS, ALXN, AMAG, AMGN, AMX, AOS, APC, ATHN, AVT, BC, BCO, BHE, BKU, BLL, BMS, BTU, BVF, CAB, CAM, CAT, CBEY, CCE, CELG, CFX, CIR, CLI, CMS, COG, COMM, CREE, CSH, DFS, DFT, DGX, DHI, DLPH, DLX, DNKN, DO, DSX, DVN, EFX, ELS, EOG, EQT, ETR, FAF, FCFS, FCX, FNFG, GILD, GLF, GLMD, GM, GPK, GTI, HA, HAFC, HOG, HOT, HP, HSY, HXL, IART, IILG, ILMN, ITW, JBLU, KKR, LL, LLY, LO, LODE, LSTR, LTM, LUV, MBT, MCD, MDP, MDSO, MED, MJN, MMM, MO, NBL, NDAQ, NLSN, NUE, NVGS, NYT, ODFL, OI, OSTK, PDCE, PENN, PHM, PLD, PNR, PTEN, QSII, RCL, RS, RTN, RUSHA, RXN, RYL, SANM, SBNY, SCG, SIAL, SIRI, SKX, SLB, SMCI, SNP, SONS, SPWR, SWK, SWKS, SYRX, TBI, TCB, TE, TKR, TMK, TRV, TSLX, TWC, TWI, UA, UAL, UGI, UPS, USG, UTEK, UTX, VLO, VLY, VMW, VRX, VSI, VZ, WCC, WM, WWAV, WYN, XOOM, XRX, ZMH

Analyst Comments

Posted by Admin on February 11, 2014

Since breaking out of a trading range back in October 2013, Alcoa (AA) has been a strong performer gaining over 50%. With the stock trading around $9.24, Goldman Sachs upgraded AA to Buy with an $11 price target on 11/25/13 and later upped that target to $12 which AA reached in less than 2 months. This action has prompted Goldman Sachs to review AA again and instead of going to a Neutral, they are upping their price target once again this time to $15. We agree with Goldman that it appears AA has more left in the tank but it…

Category Analyst Comments, Tabber · Tags AA, ADBE, AHP, Alcoa, ALV, APA, AUY, AYR, BLOX, BNNY, BPL, BURL, CELP, CNMD, COST, CSTM, CTL, EAT, FEYE, FNSR, GM, GWW, INSM, MDRX, OKS, OMED, ORCL, PRI, QLYS, RCL, RL, RLYP, RS, RSPP, SOHU, STLD, T, TGT, URBN, VSTM, WFM, X

Strong sell off starts week

Posted by Admin on February 3, 2014

Index & Sector performance 2/3/14 The Market: In the News: The following noteworthy companies are scheduled to report earnings before tomorrow’s open: EMR, ETN, ADM, CME, SE, HCA, SIRI, IP, BDX, MHFI, DLPH, BSX, KORS, FIS, CLX, AMG, SEP Analyst Comments: The Game Plan:

Category Tabber, The Nightcap · Tags AAL, AAOI, ACT, ADM, AMAT, AMG, AOL, AR, ARE, ARG, ARTC, ASGN, AUXL, BBG, BDX, BSX, CLX, CME, COG, COLB, CXO, CYT, DLPH, EMR, ETN, EV, F, FB, FIATY, FIS, FST, GALE, GM, GOMO, GSAT, GTE, HCA, HK, HOG, IP, JOSB, KLAC, KORS, LPNT, LRCX, MA, MAT, MDVN, MHFI, MMYT, MTW, MW, NANO, NOC, NSC, NTAP, NVDA, NVR, PDCE, PHM, PPL, PSX, PVA, RCL, RSH, SDLP, SE, SEP, SFG, SFY, SGY, SIRI, SNN, SPNC, UA, VG, WCC, WFM, XCO, YDKN, YELP, ZNGA

Do you buy the dip?

Posted by Admin on January 28, 2014

Index & Sector performance 1/28/14 The Market: In the overnight session the futures managed to recover gaining nearly 20 points from Monday’s lows. When the Durables number was announced and came in much worse than expected the market puled back challenging support but that support held and by the open the market was back near the pre-market highs. The remainder of the day the S&P 500 stayed in a relatively tight trading range with all of the major indices closing higher. In Economic news the Durable Goods numbers came in much worse than expected with Core Durable Goods Orders posting…

Category Tabber, The Nightcap · Tags AAPL, ACT, ADMP, AGII, AJG, AL, BA, BBT, BCRX, BHI, BIIB, BOXC, CELG, CF, CHEF, CHKP, CJES, CLVS, CORR, CTRL, DFS, DG, DGX, DOW, EMC, F, FLWS, FTNT, GILD, GOOG, GSVC, HES, HIMX, IFF, JBLU, LUV, MDVN, MKC, MLM, MPC, MT, MXIM, NVR, NXST, NYCB, OFS, OMC, OMCL, ORBC, PAY, PCL, PKY, PSX, PTEN, RCL, ROP, SANM, SBH, SEIC, SIMO, STX, TTS, TUP, VLO, VMC, WCC, WLP

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