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

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

This down day came with volume

Posted by Admin on July 8, 2014

Index & Sector performance 7/8/14 The Market: *** Administrative Note: Due to traveling, this will be the last update for the week. *** A second straight day lower for all 4 broad market indices on the WSC Scoreboard but setting today apart from other recent down days was a noticeable pick-up in volume. Leading the charge to the downside was the NASDAQ (QQQ) and Russell 2000 (IWM) both finishing 1.2% lower. We remain cautious on the overall broad market and as noted in last night’s report are watching the IWM closely. Its failure to lead and make new highs with…

Category Tabber, The Nightcap · Tags ABGB, ABY, AMAT, AOS, ASPN, ATI, ATML, AUY, BRKR, CACC, CBPO, CGI, CME, CMRX, CPSS, DAL, ECYT, ETR, EXC, GES, GRPN, HOS, JBLU, KLAC, LPX, LUV, MA, MACK, MASI, MEIP, MRD, MRTX, NGHC, NTCT, PDCE, PFMT, PSG, RDHL, RRC, SAVE, SIMO, SLAB, STX, TFM, THLD, TMUS, TTPH, V, WDC, WDR, WRES, WU, XEC, YUM, ZBRA, ZINC

Tech & Small Cap lead, S&P new highs

Posted by Admin on May 27, 2014

Index & Sector performance 5/27/14 The Market: After a lull in Economic releases last week and a Holiday Monday, today started with a slew of Economic data which posted better than expected results for Durable Goods orders, Home Price Index, and Flash Services PMI. The S&P which was already trading slightly higher preceded to rally into the early morning before seeing a midday dip followed by an end of day rally that took the S&P500 futures back to and slightly above the earlier highs. Tomorrow we get a break from Economic news but Thursday will be another big day with…

Category Tabber, The Nightcap · Tags AAPL, ABBV, AEGR, ALK, AMC, AMTG, ARES, ASH, AVGO, AWH, AXP, BAC, BCEI, BIG, BRKS, BWS, CBRL, CHS, CNK, CPHD, CSCO, CSUN, DAKT, DLPH, DSW, ESI, EXXI, FL, FRSH, GLNG, GPT, GWRE, HIMX, KEX, KIM, KORS, LGCY, LUV, MCO, NOK, NTLS, ODP, OILT, OMAB, ORI, PAC, PANW, PCYC, PVH, QTNT, REX, RMD, ROLL, SABR, SIVB, SLXP, SN, SPLK, SPLS, SWAY, TDW, TMUS, TOL, TRXC, TWO, WRE, YOKU

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

Russell leads Indices lower

Posted by Admin on March 24, 2014

Index & Sector performance 3/24/14 The Market: The Bull missed a great opportunity in our opinion when a late day rally stalled and failed to get above the 1856.50ES resistance and they even had the opportunity to close up on the day. Now the 1852-56.50ES region should act as resistance and leaves the door open for an overnight drop toward 1840ES and then further 1827ES. In Economic Data we had Manufacturing PMI come in lighter than expected but the previous number was revised higher . Tomorrow the market will be watching Consumer Confidence and New Home Sales. Reporting EPS…

Category Tabber, The Nightcap · Tags AAOI, ABMD, ACHN, AEP, AGNC, ALSN, AMAT, AMTG, ARR, AXLL, BAC, BBCN, BSX, BWLD, CACH, CCL, CECE, CLVS, CRK, CYS, DSGX, ESS, EVER, FBIZ, FBNC, FIBK, FLML, FWRD, GCI, GIII, HCLP, HDS, IRBT, IT, KEYW, L, LGCY, LINE, LNCO, MKC, MMYT, MTW, NCS, NEOG, NGHC, NTAP, OIIM, ONE, OSK, PCAR, PETX, PLCM, PM, PNC, PTEN, QCOM, QRE, QUNR, REI, ROST, RXDX, SLM, SSYS, SUSS, SYMC, TFX, TIF, TMUS, TRBAA, UAL, USB, VMW, WAG, WFC, WLP, WMC, YELP, ZION

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

New Year starts with a thud

Posted by Admin on January 2, 2014

Index & Sector performance 01/02/14 The Market: The first trading day of the year started in the opposite direction of 2013’s trend with the S&P 500 closing down near 17 points and essentially taking back much of the holiday drift higher that was seen. In economic data Unemployment claims came in worse than expected posting 339K vs. 334K expected. Last week’s claims were also adjusted slightly higher to 341K from 338K. The remaining released data either met or exceeded expectations including Manufacturing PMI, Construction Spending and ISM. In the News: Apple (AAPL) closed 1.41% (lower) amidst differing analyst opinions. Wells…

Category Tabber, The Nightcap · Tags AAPL, ADI, AEP, ALTR, ANF, ANN, ARO, CHS, CNK, CROX, DDD, DUK, ENDP, ESS, GILD, GRPN, HOT, INVN, JCP, JEC, LNN, LYV, M, MCP, MSO, PLUG, S, STX, TMUS, TWTC, ULTI, UNXL, VNO, XLNX, YELP

S&P Futures play MA pinball

Posted by Admin on December 16, 2013

Index & Sector performance 12/16/13 The Market: The made strong gains today after what looked like a horrible start to the week. In overnight trading Sunday the S&P 500 dropped t0 $1754 (March 2014 emini contract) tagging the 50 day SMA and then built a rally off that support. Surprisingly by the morning the futures had not only regained everything that was lost from Sunday evening’s open but also but in some gains. Those who do not look at the futures may have never even known of the rough start. The futures then rallied pre-market to the 20 day SMA…

Category Tabber, The Nightcap · Tags AAPL, AER, AIG, ALOG, ALSN, AVGO, AVH, BRCM, C, CACQ, CBEY, CMI, CNC, CNW, COG, DAL, ETN, EVGN, EXPE, H, HIMX, HOT, HST, HTGC, IPXL, JAZZ, KFRC, LEAP, LSI, MAN, MAR, MCO, MNST, MONT, MRO, MTDR, NAV, NLSN, NVGS, ODFL, OII, PNC, PNR, PVH, R, S, SAFM, SBUX, SNI, SSNC, STJ, SWHC, TASR, TMUS, URBN, VIV, XOM, XPO, YUM, ZQK

US Government shuts down and gains open up

Posted by Admin on October 1, 2013

Index & Sector performance 10/01/13 The Market: The old market adage Buy the rumor and Sell the news is somewhat in affect here today with the markets reaction to the Government shutdown. As we noted in last night’s Game Plan, with the realization of the shutdown now in affect and the worry of the shutdown gone, short term longs would look for opportunity to trade a bounce. A gap up was quickly consolidated after roughly 30 minutes of trading and then pressed higher until 12:30 pm EST. After 12:30 there was a roll over which took the index down until…

Category Tabber, The Nightcap · Tags A, ABMD, ACOR, ACTV, AFL, AIXG, AON, APC, APOG, AREX, ARG, BBT, BECN, BKH, BPO, C, CERN, CODE, COST, CPHD, CREE, CRI, DECK, DOW, DUK, ECA, EOG, F, FE, FINL, FST, GHDX, GM, HAYN, HES, HRB, HUBG, ICPT, JBHT, JCP, KORS, KSS, LBTYA, LDOS, LII, LKQ, LPI, LULU, M, MON, MRK, MYGN, MYL, NKE, NLSN, NWSA, OLED, PCCC, PCG, PEG, RBCN, REGN, RM, SAIC, SSH, SSYS, SWK, TGT, TMK, TMUS, TNXP, UA, ULTI, VMI, WAG, WRLD, WSO, YELP

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