SPY is sitting on the 50 day SMA

Posted by Admin on September 23, 2014

Index & Sector performance 9/23/14 The Market: U.S. led airstrikes in Syria and weaker than expected European manufacturing data helped continued weakness in the broad markets with the Russell 2000 (IWM) again leading the way to the downside. After peaking back positive YTD in late August and into early this month, the IWM is now down 3.46%. The NASDAQ (QQQ) was the clear winner, on a relative basis, and was helped by a strong showing in Apple (AAPL) which closed up 1.56%. The S&P 500 (SPY) is now near, essentially at, its 50 day SMA and we are very interested…

Category Tabber, The Nightcap · Tags AAPL, ACN, APOG, ARCW, ASNA, BID, CAB, CALL, CCJ, CHE, CLD, CLX, CPN, CREE, CSIQ, CVX, DRC, DSPG, DYN, FOE, GARS, GMAN, HFC, HI, HPJ, IMMU, IPG, KBH, KMI, KOP, MATW, MPC, MTN, MTSC, MTW, NANO, NRG, NTAP, P, PAYX, PGNX, PLM, PRXL, PSX, RARE, SAH, SGMO, SHOR, SIAL, SIVB, TAM, TRS, TSO, ULTA, UNT, VIV, VLO, WGP, WSO, XOM

Energy heads lower in mixed session

Posted by Admin on September 8, 2014

Index & Sector performance 9/8/14 The Market: Overall another low volume mixed session which saw the S&P 500 (SPY) and Dow (DIA) close slightly lower while the NASDAQ (QQQ) and Russell 2000 (IWM) finished slightly higher. On the WSC Scoreboard the Energy sector (XLE) sticks out finishing the session down 1.56%. After strong moves we like to see what stocks bucked the trend in the sector and one notable outperformer today was Valero (VLO) which finished the session up 0.96%. Not much Economic data to start the week but finishes strong with Unemployment Claims Thursday followed by Retail Sales and…

Category Tabber, The Nightcap · Tags ACET, AIG, AMGN, ANET, BAC, BAX, BCEI, BKS, BNK, BPL, BURL, CERN, CHKE, CNK, CNSI, CVTI, DSW, ENSV, F, FRAN, GPRO, GPS, HDS, IG, INFN, KERX, KW, LAYN, LDOS, LINE, LNCO, MO, MRO, MTRX, NGLS, NMBL, NX, OTIC, PBY, PFPT, PKI, PLM, PTN, RENT, RES, RHT, RICE, SGI, SM, SNDK, SPCB, TITN, TMO, TSLA, TX, UBNT, ULTA, UNFI, VIMC, VLO, WAT, WLK, WLKP

Tech stocks lead sell-off

Posted by Admin on May 6, 2014

Index & Sector performance 5/6/14 The Market: Last night we noted 1872ES as a key level to watch. If it held as overnight support then the index could look to target Friday’s 1886ES highs but if lost then we could see Monday’s lows of 1860.50ES tested and then 1850ES. In overnight trading the S&P was only able to reach 1881.50ES falling short of Friday’s highs and by the open the futures were sitting at our key 1872ES level. After some initial jostling around the 1872ES level, the index started to roll over in midday trading reaching as low as…

Category Tabber, The Nightcap · Tags AGN, AIV, AOL, APC, ARIA, ARQL, ATHN, AVA, AYR, BAM, BBG, BHI, BSFT, BXP, CERU, CFN, CHK, CLH, CLMT, CLR, COWN, CTRP, CTSH, CXO, DATA, DCT, DUK, DVN, DWA, EGP, EMES, END, EOG, FPI, GDP, GIL, GTE, GTIV, HAL, HEAR, HNT, HST, HTZ, HUM, INTL, IPWR, KBR, KING, KN, LAMR, LCI, LGND, LPT, LUV, MDLZ, MEMP, MVG, NAVB, NCMI, NLS, NTLS, OAS, P, PAHC, POM, PQ, PRGO, RAS, RIGL, ROC, RRC, SALE, SBGI, SCHW, SE, SFUN, SGEN, SILC, SLB, SMG, SNSS, STAY, SUSS, SYNA, T, TAP, TAST, TGT, TKR, TMHC, TNET, TREX, TS, TWTR, VLO, VOYA, VSI, VSTM, WBAI, WPX, WRES, XEC, YELP, ZOES

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

Intraday swing leave only small gains

Posted by Admin on April 28, 2014

Index & Sector performance 4/28/14 The Market: After moving slightly higher in the overnight and early trading, the S&P 500 quickly dropped in the midday session before finding a bottom around 1:30 pm ET. While the S&P fell a few points short of making it back to the earlier intraday highs, it did manage to post a small gain on the day. The Dow led the major indices helped by a 4.2% gain from Pfizer (PFE) while the Russell 2000 closed slightly down on the day. Many big name stocks in the news including the aforementioned Pfizer (PFE) who…

Category Tabber, The Nightcap · Tags ADM, ADSK, AEP, AGCO, AGN, ALK, ALR, ALTR, AMG, AON, APD, ARRY, AZN, BBRY, BCE, BHI, BKW, BMY, BRK.B, BSX, CFX, CHKP, CIT, CL, CLH, CMI, CMLS, CNX, COH, CORI, CRTO, CTL, CTXS, DBD, DDD, DECK, DWA, EMN, EQM, ESV, ETN, F, FLIR, FRX, GAIA, GAS, GEO, GILD, GPOR, GST, GT, GTLS, HCA, HCBK, HIBB, HOG, HOS, HOT, HRS, HUN, HW, IPGP, IRWD, KLIC, LCNB, LEA, LKQ, LYB, MCBC, MDCA, MGI, MGM, MHFI, MLM, MOG.A, MRK, MTH, NU, OSK, PBH, PCAR, PES, PFE, PH, PNRA, POR, RBA, ROK, RRST, RUBI, RYN, S, SAIA, SAVE, SGMS, SLAB, SPN, ST, TEDU, TROW, TRW, TWC, UDR, UHS, USG, UTHR, VLO, WAIR, WAL, WAT, WDR, WFT, WLT, WWW, XYL

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

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

Slow grind higher continues

Posted by Admin on December 9, 2013

Index & Sector performance 12/9/13 The Market: Another slow grinding day with a bias higher. It is yet to be seen if this is a consolidation for a next leg higher or exhaustion with a leg lower to come. To catch the most amount of people off guard the market could look to pop higher first to finish and then start a strong quick decline. There was no economic data today but there was Fed speak from FOMC member Bullard. Bullard was a QE3 supporter and noted his stance that any Fed action is data dependent. The increase in jobs…

Category Tabber, The Nightcap · Tags AEO, ALJ, AMBA, ATHN, ATI, ATK, AWI, AZO, BAP, BNS, BSTC, CAH, CHGG, CLR, CNBC, COG, COV, CPT, CRNT, DDD, DF, DK, DLNG, EROS, EW, EZPW, GIL, GIVN, HDS, HFC, HME, HRZN, IR, IT, ITW, KOG, KRFT, LDOS, MAS, MCD, MDRX, MEMP, MHK, MLNX, MTW, NBL, PGEM, POR, PSX, PTRY, RAIL, RY, SAPE, SYY, TNDM, TOL, VLO

Fed day snaps S&P 4 day win streak

Posted by Admin on October 30, 2013

Index & Sector performance 10/30/13 The Market: A small gap up on the open was quickly sold and the market pulled back but losses were relatively contained until the Fed announcement which sent the S&P spiking lower. Buyers did then step in and used the last hour of trading to help close the index off the lows but not enough to keep from snapping the S&P 500’s 4 day win streak. In economic news, ADP Non-Farm came in lower than expected printing a 130K with 151K the expectation. Core CPI was also light coming in at 0.1% when 0.2% was…

Category Tabber, The Nightcap · Tags ADC, AEGR, AFL, AMBA, ATRO, AVP, BDE, BIDU, BUSE, BWLD, CALX, CEMP, CHKR, CI, CLX, COP, CRUS, CYOU, DISCA, DKS, DSKX, DWA, EA, ECL, EL, EPD, EW, GILD, GM, HASI, HIPP, JAZZ, KYTH, LNKD, LSI, MA, MGM, MPC, NANO, NKE, NUVA, NVAX, OII, OSK, PLT, PPL, QCOR, RPTP, SCBT, SKX, SM, SNDK, ST, SUPN, TEVA, TRI, TWC, ULTI, UNP, VLO, VLRS, VRX, WU, X, XOM

A flat day across all the major indices

Posted by Admin on October 28, 2013

Index & Sector performance 10/28/13 The Market: A fairly lack luster day as the broad indexes chopped around with the S&P and Nasdaq closing positive while the Dow and Russell lagged. Early optimism in the S&P was quickly sold in early trading but the market was able to hold and press to new highs until a late day sell off which sent the S&P back toward unchanged for the day. In economic data we saw Capacity Utilization Rate and Industrial Production month over month beat expectations while pending home sales greatly disappointed posting a -5.6%. Tomorrow will be a much…

Category Tabber, The Nightcap · Tags ADM, ADNC, AET, AGN, AMZN, ARMH, AZN, BAS, BBY, BG, BMY, CMCSA, CMI, CROX, CUBE, DDD, DFT, DNDN, DVN, ECL, ELY, EXC, FATE, FET, FLS, FLWS, FTI, GE, GNRC, JCI, JCP, LEA, LYB, MA, MDVN, MRK, NOV, OC, OGXI, OUTR, OXY, PEG, PER, PFE, PKY, PTEN, RKUS, RMAX, RRMS, SCVL, SDR, SHO, TCK, TROW, V, VLO, WLB, WM, X

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