Markets finish up but look vulnerable

Posted by Admin on September 10, 2015

The Market: While it was not our expectation, we noted in Tuesday’s NightCap that, if the market extended higher, we would expect the downward sloping 20 day SMA to act as resistance. If you look at the SPY, this is exactly where the market stopped in early trading on Wednesday and then proceeded to pullback sharply. While all the major indices on the WSC Scoreboard finished higher in today’s trading, the market looks vulnerable to more downside in the coming days-weeks. Leading sectors in today’s trading was Transportation (IYT), Technology (XLK), and HealthCare (XLV) while the Utilities (XLU) and Retail…

Category Tabber, The Nightcap · Tags ABBV, ACC, ACET, AMBA, APIC, ARRS, ATR, AVGO, AXE, BABA, BAC, BCR, BLDR, BLK, BMO, BP, BRC, BWFG, CBS, CHKE, CLVS, CRK, CRR, CTLT, CTRE, CVT, CXRX, DLTR, DOX, DTSI, EGAN, EXTR, FIT, FNSR, FRAN, FSP, GILD, HDS, HELI, IMPV, INTU, IR, JIVE, KR, LLY, LMNR, LNC, LULU, LVS, MFRM, MGM, MTD, NEWR, NX, PANW, PCG, PFG, PFPT, RH, RY, SIGM, SNOW, STX, SUNE, SWI, SWN, TD, THC, TPLM, TWX, ULTA, USAT, VISI, VRNS, WAT, WRK, XTLY, ZEN, ZUMZ

Sharp snap back rally — SPY up YTD

Posted by Admin on March 12, 2015

Index & Sector performance 3/12/15 The Market: Strong performance today with the Russell 2000 (IWM) leading the charge for the 2nd straight day followed by the Dow (DIA) and S&P 500 (SPY). Friday will be an interesting session as traders will have to decide how they want to end the week. In the very short term the SPY looks stretched so we would consider using a gap up tomorrow morning as a (very) short-term selling opportunity. In individual sectors it was the Financials (XLF) which led the way finishing up 2.13% followed closely by Consumer Discretionary (XLY) which ended up…

Category Tabber, The Nightcap · Tags ACAD, AET, AGYS, ALKS, ALLY, AMRN, ANN, AVD, AXGN, BANC, BFAM, BHI, BKE, BLCM, BMY, BTU, CNAT, CNX, COG, CRMD, CTRN, DD, EBIX, EGLT, EGO, EMC, EXPR, FDS, FINL, FIVE, FL, GEN, GNC, HAL, HIBB, HPQ, HRZN, IM, INO, INSY, INTC, JACK, KYTH, LHCG, LMCA, LNKD, LOGI, LXK, MAN, MARA, MHGC, MHR, MKC, MRTX, MTH, NCS, NEP, NFX, NGD, NTAP, OCR, OCRX, ONTY, PENN, PLT, POWI, PTX, RGEN, SAMG, SC, SCAI, SHBI, SLB, SRCL, SRLP, SUPN, SWN, TA, TCRD, TECD, TIVO, UTHR, VISI, VRA, VRSK, WIN, ZOES

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Markets finish up but look vulnerable

Sharp snap back rally — SPY up YTD