Oil trades below $50 & leads market lower

Posted by Admin on January 5, 2015

Index & Sector performance 1/5/15 The Market: The market was again led by Oil’s decline as we closed below $50 per barrel for the first time since 2009. In the Analyst Comments below you will see a downgrade for Caterpillar (CAT) by JP Morgan. In the note the analyst commented that up to 30% of CAT’s revenue could be under pressure due to lower oil prices. Similarly, Evercore downgraded Terex (TEX) to Hold with an $26 target and United Rentals (URI) to Sell with a $87 target citing concerns that oil’s sharp decline will hurt energy investments and thus construction…

Category Tabber, The Nightcap · Tags ACT, ADI, ALXN, AMGN, AOS, ATU, BAC, BAX, BBEP, BBT, BCR, BDX, BEP, BIIB, BIP, BOBE, BRCM, BWLD, BXP, C, CAT, CCE, CEMP, CF, CFG, CIR, CMC, COF, CPN, CRM, CVC, CVX, CY, CYN, DDD, EA, EIX, ESCA, ESPR, EWBC, FB, FFIV, FITB, FLS, FSL, FSLR, GGG, GIS, GPRE, GPS, GS, GST, HCA, HP, HSGX, HUM, INFA, INFI, INTC, IPGP, IPHI, ITT, KO, LB, LH, LNN, LOCO, LOGM, MPEL, MS, MSCC, MWA, MXIM, NVS, OII, PBPB, PCG, PCYC, PEIX, PH, PNM, POWL, PPL, QRVO, RDWR, REGN, RIO, RPT, SBUX, SCHN, SEM, SKUL, SMTC, SNX, SPW, SSYS, SYK, TEX, TFX, THOR, THS, TREC, TTEK, TTWO, TXN, TXRH, UA, URBN, URI, VA, VOYA, VTNR, VTR, VUZI, WCN, WFC, WG, WIX, WK, XENT, ZEP, ZMH

EPS helped shrug off bad overseas data

Posted by Admin on November 20, 2014

Index & Sector performance 11/20/14 The Market: It doesn’t look like the S&P 500 (SPY) had a strong session but considering the futures were down roughly 10 points pre-market reportedly due to weak data out of Europe and China, to finish up a few points is a strong showing. Yesterday’s laggard was today’s leader as the Russell 2000 (IWM ) finished up over 1% clawing back most of yesterday’s losses and the Dow (DIA) was helped by Intel (INTC) which gained 4.66% after announcing a dividend hike and solid 2015 expected revenue growth. In individual sectors, Retail (XRT) led today…

Category Tabber, The Nightcap · Tags AAPL, ACT, ADBE, ADEP, AGII, ANIP, ANN, ARE, ASML, ATHN, ATO, AVAV, BANC, BBY, BCE, BEE, BERY, BIOS, BOBE, BXP, CBST, CERN, CGNX, CLF, CPSI, CRM, CSTM, DDD, DFT, DNR, DO, DOW, DUK, DXLG, EJ, ENR, EPM, EQR, ESI, FARO, FL, FSP, GALE, GMAN, GOOG, HAE, HIBB, IRBT, ISIS, JACK, JBLU, JEC, KAR, KIRK, LB, LOW, LYB, MAC, MDCO, MDRX, MIK, MOLG, NGLS, NORD, NSSC, OCN, OPLK, PANW, PERY, PETM, PMC, PRI, QSII, RCI, REGN, SAPE, SC, SIRO, SMRT, SMTC, SPB, SPLS, STRM, SYF, TGT, TNP, TPUB, TRUE, TU, TXT, VIPS, WSM, YUM

Heartfelt thank you to our Vets!!!

Posted by Admin on November 11, 2014

Index & Sector performance 11/11/14 The Market: A Heartfelt thank you goes out to all of the past, present, and future service men and women who work each day to keep us safe. Without you, what we have and unfortunately often take for granted each and every day would not exist. Almost zeros across the board as it was a relatively uneventful trading session. Maybe the clearest example of how uneventful is that the entire trading day’s range on the S&P 500 was 6 points and volume was again light. As noted last night, we still view the short term…

Category Tabber, The Nightcap · Tags ACTA, ADM, ADT, AEL, AMBC, AMZG, ARMK, ATTO, AUY, AWK, BG, BSTC, BZH, CHD, COF, CSIQ, DDD, DDS, DRI, DTSI, ENR, ENSV, ETRM, FLO, FUN, HAFC, HEAR, HYGS, ICON, ICUI, IMAX, JBHT, JNPR, JPEP, JPM, KYTH, LUV, M, MGAM, MIK, MMP, MPAA, MPO, MRCC, MRKT, MTOR, NGLS, NUVA, ORBC, OVAS, PEGI, PF, PLNR, PTX, RAX, REG, REGN, REN, RGC, RICE, RNG, ROK, RYN, SEAS, STNG, STRL, SWAY, TRIV, TRMR, TWX, VRSK, VWR, WES, WHF, WRE, WUBA, XELB, XPO, YHOO, ZNGA

Quiet start to the month

Posted by Admin on November 3, 2014

Index & Sector performance 11/3/14 The Market: The market started the day slightly higher building on last week’s extremely strong session but the market ran out of steam in the short term and the S&P 500 started pulling back in afternoon trading finishing flat on the session. All in all it was a low volume quiet session but the Bulls can point to the fact that they didn’t give ground after reaching new highs. We do not expect the remainder of the month to be as quiet as today and would plan for swings in both directions much like October…

Category Tabber, The Nightcap · Tags AAP, ABX, ACHC, ACN, AER, AES, AFOP, AFSI, AKR, AKS, AMRE, AMT, AMTD, ANET, ARCC, ARCO, ARRY, ATEN, ATK, ATNI, AVIV, AYR, BABA, BCOR, BDX, BKW, BLK, BLMN, BXE, CBS, CCG, CCI, CFG, CIE, CLDT, CNX, COMM, CPT, CVD, CVO, CVS, D, DISCA, DISH, DRH, DWRE, EGOV, EL, ELLI, EMN, EMR, EPE, ERJ, ETE, ETP, ETR, EXH, FB, FE, FRAN, FRM, FRT, GDP, GOOG, GOV, GPT, GPX, HCCI, HCLP, HCN, HCP, HMSY, HOLX, HPT, HPTX, HSNI, HUBS, HW, IACI, ICE, ICL, IFF, IP, IPXL, IRC, IRWD, KBR, KEG, KEYS, KLAC, KORS, KRC, LINE, LMCA, LNC, LNCO, LNKD, LRE, MATX, MCF, MERC, MFA, MSI, MTGE, MWW, NEWM, NGLS, NNN, NOV, NS, NSH, NTI, ODP, OLED, OZM, PCLN, PGTI, PPL, PRTK, QVCA, RCPT, REGN, RGLD, RGP, RGS, RHP, ROSE, RP, RRGB, SLCA, SNI, SPLK, SPR, SPW, SRE, TEVA, TICC, TIME, TJX, TRGP, TSO, TWC, TWTR, UNT, USDP, VLO, VMC, VSI, WETF, WLK, WNR, WPC, WRES, WSFS, WY, ZBRA, ZTS

Utilities shine amidst sea of red

Posted by Admin on October 1, 2014

Index & Sector performance 10/1/14 The Market: All four of the main indices on the WSC Scoreboard finished well into negative territory with the NASDAQ (QQQ) leading the charge down 1.60%. In individual sectors it was the Utilities (XLU) that stood out closing 0.57% higher while the rest of the list was well into negative territory. It was a broad rally across the XLU with many stocks participating but some noteworthy gainers were Exelon (EXC) up 1.41%, Southern (SO) up 1.01%, and NRG Energy (NRG) up 2.33%. EXC has been a favorite of ours but we would also watch SO…

Category Tabber, The Nightcap · Tags ADPT, AGN, ALL, ALXN, AMGN, AMP, ANGI, AR, ARMK, ATNM, ATU, AYI, BBBY, BIIB, CELG, CHRW, CPRX, CROX, CSC, CSCO, DECK, DV, DYN, EBAY, ELGX, EXC, EXXI, FCX, FLR, GILD, GNW, GPN, HL, INVN, JNS, MAS, MCO, MHR, MKC, MNK, MOVE, MSON, NRG, OWW, PIR, PKE, PNRA, Q, REGN, SLB, SLXP, SO, STZ, SUSQ, TSN, TUES, TYC, VPRT, WBMD, WPRT, XEC

Markets stop slide, fight back

Posted by Admin on August 4, 2014

Index & Sector performance 8/4/14 The Market: After two strong down days, all 4 indices on the WSC Scoreboard managed to find bottoms and rally with the Russell 2000 (IWM) leading the charge finishing the day 0.89% higher. One note of caution, volume was on the light side when compared to the previous two sessions. Our suggestion would be to watch the first major pullback after today’s move. If it is orderly then the market likely has unfinished business to the upside, otherwise we will likely see another push lower. In individual sectors it was green across the board except…

Category Tabber, The Nightcap · Tags ACM, ACT, ADM, AEE, AEP, AJG, AKRX, AL, ALU, AME, AMRI, AMSC, ANSS, ARCC, ARQL, AWI, BBG, BBW, BCRX, BLMN, BOTA, BXP, BYI, CAH, CCO, CENX, CHTR, CIE, CNK, CNQR, COH, CRZO, CTRX, CVC, CVS, CVX, CYH, DO, DPZ, DRC, DRII, DSCO, DTV, DWRE, ELX, EMR, END, EQT, ESV, EXH, EXPE, FE, FISV, FLT, GPN, GPRE, GTIV, GTXI, HCLP, HCP, HK, HLT, IFF, IIN, INFI, IRT, IT, KOG, KWK, LII, LINTA, LJPC, LMCA, LOPE, LPX, LVNTA, MDVN, MEG, MGM, MLNX, MMP, MOS, MRC, MSI, MWW, NE, NGLS, NGVC, NNN, NTI, ODP, OIS, OPB, OXY, OZM, PEGI, QLGC, REGN, RHP, RIG, RIGL, RPXC, SNSS, SPG, SPR, STLD, SYRG, TDG, TIME, TMH, TMUS, TRGP, VMC, VSI, VTG, WEX, WLK, WNR, WPC, WY, X, ZBRA, ZTS

EPS should lead trading

Posted by Admin on July 21, 2014

Index & Sector performance 7/21/14 The Market: Slow start to the week saw the S&P futures down over 10 points in early trading only to rally back and finish the day relatively flat on the session. The best performer of the 4 broad indices was the NASDAQ (QQQ) but all-in-all it was a low volume relatively uneventful start to the week. With not much scheduled in terms of Economic data this week (see schedule below), eyes will be firmly fixed on the slew of earnings coming out. Below is the list of confirmed pre-market reports for 7/22/14 and the remainder…

Category Tabber, The Nightcap · Tags AAPL, ACI, ADPT, ALGT, AMPH, AMTD, ANR, ATHN, ATI, BIDU, BK, BTU, CHTR, CIT, CMCSA, COBZ, CSCO, DD, DFS, DISH, DOV, ECR, EXC, EZPW, FAF, FANG, FITB, FNF, GCI, GOL, GPRO, HOG, HOMB, HOT, IMAX, IMPR, IP, IR, ITC, ITRI, JPM, KEG, KMB, KO, LMT, MCD, MJN, MNK, MO, MSG, MTB, MTLS, OMC, QLIK, RDC, REGN, RF, RKT, RSPP, SBUX, SGGH, SHPG, SMI, SNV, STT, TCPI, TRV, TSRA, UBIC, UTX, VZ, WFC, XL

Stong gains for shortened Op-Ex week

Posted by Admin on April 16, 2014

Index & Sector performance 4/16/14 The Market: From our recap Monday we noted that while the market still appeared vulnerable to the downside, we would also not be surprised to see oversold short term levels and the shortened holiday trading week provide a bounce. We did not at that time realize that we would get both the downside and the rally all in one day but that is in fact what happened on Tuesday and today was a follow-through on that action. Tomorrow is the last day of trading for the week since the market is closed Friday in observance…

Category Tabber, The Nightcap · Tags ACT, ADS, AGN, AINV, AMZN, AN, AQXP, ATEN, BAX, BBT, BCO, BHI, BLK, BX, CHYR, CMG, COL, CREE, CTRL, CY, DD, DHR, DMRC, DOV, EC, ENDP, FANG, FCS, FGL, FHN, FITB, FSGI, GDP, GE, GPC, GS, HK, HLSS, HON, HTZ, IMGN, INGR, INTC, JBLU, JNJ, KEY, KOP, LNC, MAT, MDWD, MRTN, MS, MSI, NMBL, NPBC, NPSP, NTAP, NTES, PDS, PEP, PM, PNFP, PPG, PVTB, REGN, RGA, SBGL, SC, SCHW, SFUN, SHW, SLB, SLXP, SNA, SON, SONC, SPN, TWC, UNFI, UNH, UNP, WBS, WHF, YELP, YHOO, YOKU

Monday’s bounce have legs?

Posted by Admin on March 17, 2014

Index & Sector performance 3/17/14 The Market: Today’s rally is not unexpected from Friday’s oversold levels and the early continuation to the downside in overnight trading which took us to the low 1820ES levels we were expecting. Until we see the market get through the 1865-70ES region, this action will be considered only a technical relief rally with more downside/consolidation to come. Economic data to watch for tomorrow is CPI which has core & headline estimates at 0.1% and Building Permits which has an estimate of 0.97M coming off the previous 0.94M. Reporting EPS 3/5/14 Pre-Market: Analyst Comments:

Category Tabber, The Nightcap · Tags AAN, AAPL, ADBE, ALDW, ALE, AMPE, ANN, ARCP, ATW, AVGO, BAX, BHI, BLOX, BRKS, CAM, CBS, CNX, CODE, CVLT, DSCI, DSW, EAC, EDGW, EXR, FB, FDS, FMC, FTNT, GD, GFED, GNC, H, HRS, HTZ, INCY, ISBC, KOG, LLL, LMT, LO, LVLT, MDVN, MEAS, MINI, NNBR, NOC, NOV, PAY, POST, PSA, PTEN, REGN, REXR, RPXC, RTN, SSS, STZ, TCLP, TEVA, TRIP, TSLA, UNP, VMW, VRSN, WTS, WYY, ZNGA

Early dip met with strong buying

Posted by Admin on February 13, 2014

Index & Sector performance 2/13/14 The Market: The markets began to dip overnight and into early morning trading. Weaker than expected economic data didn’t help but just as the market officially opened the bottom was put in and the S&P 500 spent the remainder of the day rallying only taking a short midday break before continuing on to made the highs of the day near the close. The following noteworthy companies are scheduled to report earnings before tomorrow’s open: ALE, BAM, COTY, CPB, DTE, H, IPG, IPGP, ITT, JMP, LECO, LPNT, MINI, POR, RRGB, SJM, SNI, TRW, VFC, VTR,…

Category Tabber, The Nightcap · Tags AEM, ALE, AMAT, ANGI, ANR, ATHN, BAM, BGS, CBS, COH, COTY, CPB, CRL, CTRP, DDR, DE, DEPO, DTE, FWRD, GENE, GUID, H, HLX, INCY, IPG, IPGP, ITRI, ITT, JMP, KSS, LECO, LO, LPNT, LPSN, LULU, M, MDCO, MINI, MTDR, NKE, NSPH, NTES, NVDA, OFC, PHH, PLCE, PNK, POR, PVH, REGN, ROST, RRGB, SJM, SN, SNI, SON, TIF, TITN, TJX, TRW, VFC, VRSK, VTR, WFM, WLH, WMT, WWE, Z

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