Volatility the new norm

Posted by Admin on October 16, 2014

Index & Sector performance 10/16/14 The Market: A session like today may look uneventful when scanning the WSC Scoreboard and looking at the end of day changes but it masks the large intraday swings. An example is the S&P 500 (SPY) had a roughly 50 point range from high to low today (5 points in the SPY) which represents nearly 3% based on today’s opening price. Traders and investors need to be prepared for an environment with increased volatility which could last for an extended period. The Russell 2000 (IWM) remains the clear leader of late finishing up over 1%. …

Category Tabber, The Nightcap · Tags ABBV, AFSI, APD, APO, AQXP, ARW, ASML, AXP, BAC, BC, BIDU, BK, BLK, BMRN, BMY, CAP, CASY, CBSH, CFR, CLD, CMA, CMRX, CRM, CSX, CYH, DHR, DIS, EBAY, EQM, EXTR, FEYE, FHN, FLT, FMC, FRAN, FSL, FTK, GE, GEVA, GGG, GLOG, GPOR, HBAN, HCA, HCC, HON, HST, ILMN, JWN, KSU, LPNT, LULU, LVS, MEIP, MMP, MS, MTB, NFLX, NSC, OZRK, PKG, RARE, RH, RIO, RNET, SPA, SPHS, STI, STJ, SWAY, TAL, TCK, TGH, THC, TIF, TRS, TWX, TX, TXT, UHS, URBN, VIAB, VNOM, WFC, WMT

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

Ceasefire helps stocks higher

Posted by Admin on August 18, 2014

Index & Sector performance 8/18/14 The Market: Strong strong session with the Dow (DIA) and Russell 2000 (IWM) closing up over 1% while the S&P 500 (SPY) and NASDAQ (QQQ) were not too far behind. It appears the markets were able to build on Friday’s late day move off the lows being helped by optimism of a Ukraine-Russia ceasefire. The IWM, which has spent the majority of the year in the red, is not only down 0.23% on the year. Multiple sectors posted strong performances including the Transportation (IYT), Retail (XRT), Industrials (XLI), and Financials (XLF) all up over 1%…

Category Tabber, The Nightcap · Tags ABC, ACHN, AMWD, ARW, ASH, AVB, COLM, CSGP, CSTM, DG, DKS, DSGX, EL, ELY, EPAM, ETR, EXC, FRT, GE, HD, HHC, HIBB, HK, HMSY, HPQ, HTGC, IMDZ, INVN, KS, LL, LVNTA, MDT, MELA, MNST, MRVL, MVNR, NES, NNA, NXPI, PFNX, PTCT, RDEN, RNF, RNR, SBLK, SEAS, SPWH, STAY, SUSP, SYRG, TJX, TKMR, TSEM, TSQ, TWX, ULTR, VTSS, WAC, WCG, WY, XENT

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

Global unrest helps fuel market decline

Posted by Admin on July 17, 2014

Index & Sector performance 7/17/14 The Market: Broad based sell off today saw all 5 (S&P 500 equal weight index (RSP) added today) major indices from the WSC Scoreboard finish over 1% lower except the Dow (DIA) which managed to only lose 0.85%. No surprise leading the way to the downside was again the Russell 2000 (IWM) which is now solidly down for the year and underperforming the S&P 500 (SPY) by 8.5% and the NASDAQ (QQQ) by 10%. The double top in the IWM which we started discussing over a week ago is now more pronounced and as a…

Category Tabber, The Nightcap · Tags ABT, ADTN, AEZS, AFL, AHP, AHT, AIR, ALGT, ALV, ASML, BK, BLK, BRX, CHTR, CLC, CMCSA, CNX, COG, CSX, CTG, DDR, DLTR, EL, ENOC, ENSG, EOG, FHN, FRC, GE, GNC, GOV, GPOR, HBAN, HNRG, HON, IGT, IGTE, ILMN, IPG, JCI, KALU, KNL, KRC, KSU, LH, LVS, MILL, MRD, MTD, PCYG, PETM, PKI, PNC, REI, RSPP, SAVE, SIAL, SLCA, SLG, SSE, STJ, TFM, TWX, TXT, UBA, VFC, WAT

Merger denied, collaboration approved

Posted by Admin on July 16, 2014

Index & Sector performance 7/16/14 The Market: A small up session in the market was helped by solid earnings reports in the morning and a potential huge media merger between Time Warner (TWX) and Twenty First Century Fox (FOXA). FOXA offered $85/share but were turned down by TWZ. This sent shares of TWX screaming higher finishing the day up 17.07% as traders reevaluated TWX’s worth and also speculated on increased offers. In other corporate news, Apple (AAPL) announced they will be teaming up with IBM (IBM) to provide business mobile solutions. BlackBerry (BBRY) was negatively affected by the news finishing…

Category Tabber, The Nightcap · Tags AAL, AAN, AAPL, ADS, ALK, AN, ATW, BAX, BHI, BKD, BX, CBSH, CMA, CMCSA, CSH, CY, DHR, DOV, ECR, ESV, FCS, FEYE, FITB, FOXA, FTNT, FXCM, GSKNF, GWW, HLSS, HSY, IBM, IMAX, INTC, ISR, JBHT, JNPR, JPM, KO, MAS, MAT, MILL, MLNX, MNST, MON, MS, MTB, MTDR, NEO, ORB, PANW, PCRX, PFPT, PM, POOL, POT, PPG, PSG, PVTB, RDUS, ROST, SAP, SAVE, SHW, SJW, SNA, SON, SYMC, TREC, TTWO, TWC, TWX, TZOO, UNH, USG, UTEK, WBS, WDC, YHOO

Utilities big loser ahead of Jobs data

Posted by Admin on July 2, 2014

Index & Sector performance 7/2/14 The Market: The WSC Scoreboard was relatively flat to mixed with the Dow (DIA), S&P 500 (SPY), and NASDAQ (QQQ) closing slightly higher while the Russell 2000 (IWM) finished 0.35% lower. In individual sectors, the Utilities (XLU) stood out as the biggest loser finishing 1.99% lower on the day and appears vulnerable to even more downside action after being the leader so far in 2014. Every stock in the XLU finished down on the day with some finishing down over 3% including Exelon (EXC), FirstEnergy (FE), and Entergy (ETR) down 3.11%, 3.50%, and 3.25% respectively. …

Category Tabber, The Nightcap · Tags AAL, AAPL, ABBV, ACT, AMAT, APL, ATLS, AWI, BBSI, BHI, BLRX, BMY, BZH, CFX, CRTO, CRZO, CSIQ, CSTE, CXO, DDD, DIS, DRWI, ENPH, ENV, EOG, EPB, ETN, ETR, EXC, FBHS, FE, FTNT, GLUU, HIW, HRL, IBCP, ICPT, IPG, ISCA, JDSU, LLY, LMCA, MAS, MCF, MM, MRK, MW, NGLS, OC, OHI, ORCL, PANW, PFE, PINC, PKD, PKE, PLT, RGSE, SCTY, SSYS, STCK, STEM, SUNE, SWK, SXE, TGTX, TRGP, TWX, URBN, USB, USG, UUUU, VET, VIPS, WBMD

S&P takes back overnight losses plus

Posted by Admin on May 5, 2014

Index & Sector performance 5/5/14 The Market: The S&P futures moved lower in the Sunday overnight session attributed to weak economic data out of China as well continued unrest in Ukraine. The futures continued lower throughout early trading Monday but found a bottom right at the open on an initial spike lower to 1860.50ES which was quickly bought and the index started a march higher reaching 1880ES by 2:30 pm ET. The index spent the last hour consolidating the near 20 point intraday rally. If 1872ES holds in overnight trading it appears the index could look to make a move…

Category Tabber, The Nightcap · Tags AAPL, ACM, ACOR, ADMS, AEGR, AEL, AEM, AER, AINV, AKRX, AME, AMRI, AMT, ARCC, ARCO, ARIA, ARW, ATHM, BA, BBG, BBT, BEAV, BOFI, BRCD, CBOE, CBT, CEQP, CJES, CLH, CMG, CMLP, CNK, COCO, COP, CRM, CRTO, CRZO, CUBE, CVA, CVD, CVS, DIS, DISCA, DNR, DRC, DTV, DWRE, EDU, EL, EMR, EXH, EXR, FE, FEIC, FEYE, FUEL, GDP, GIL, H, HCLP, HCP, HEAR, HFC, HP, HPT, HSH, HSIC, HST, IFF, IQNT, KING, KOG, KWK, LII, LJPC, LLL, LNG, LQ, LRE, MCEP, MD, MM, MMP, MNTA, MONT, MPW, MRC, MTZ, NBR, NRG, NTI, NUS, OAK, ODP, OZM, PDCE, PEG, PKI, PQ, PSDV, RDC, RHP, RXII, SBAC, SC, SNDK, SO, SPR, SUSS, TAST, TDG, THRM, TLMR, TMH, TSRA, TW, TWX, VMC, VRTS, VSH, VTG, WCC, WCG, WNR, WTS, XRAY, ZBRA, ZTS, ZUMZ

ECB moved & so did the markets

Posted by Admin on November 7, 2013

Index & Sector performance 11/7/13 The Market: The S&P 500 spiked higher around 8am EST time after the ECB announced a rate cut. This move was further helped by a strong Q3 GDP number. While we opened off the pre-market highs, the real selling began after the bells. After each move lower the market tried to stage a rally but all were sold. The S&P 500 closed right at the 20 day SMA From peak to trough using the S&P futures we saw a near 30 point swing to the downside. In economic news, GDP came in much stronger than…

Category Tabber, The Nightcap · Tags AEO, AGU, AINV, AIV, ANF, AUXL, AWAY, CBS, CHRW, CKEC, CLR, COV, CVC, DRH, DXCM, FBC, FUEL, GERN, HAL, IAG, JCP, LGF, MGM, MINI, NPSP, NXST, OAS, PH, PRGO, PRU, QCOM, RBA, RL, SKYW, SLH, SYNA, TDG, TLM, TMH, TWO, TWTR, TWX, URI, WES, WFM, WSM, WTR, XEC, XTEX

Daily Wrap

Posted by Admin on August 6, 2013

DJIA -93.39 (-0.60%) to 15,518.74;S&P 500 -9.77 (-0.57%) to 1,697.37;NASDAQ -27.18 (-0.74%) to 3,665.77 The major indices lost ground today on lower than normal volume. As noted yesterday, this looks to be a lighter news week that previous with not as many big name earnings reports as well as not much economic data. The S&P 500 started lower and reached what would ultimately be the lows of the day after only 90 minutes of trading. After that point the market bounced and then consolidated from noon EST until the close. In economic data the Trade Balance came in much less than expected posting…

Category Tabber, The Nightcap · Tags AEO, AOL, CDW, DUK, DVN, EOG, FCX, FOSL, HII, IBM, KORS, MMC, RL, TWX, WPO

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