Revisiting December’s lows

Posted by Admin on January 6, 2015

Index & Sector performance 1/6/15 The Market: Oil appears to still be affecting the broad market and causing caution in investors as crude, which lost the psychological $50 level yesterday, traded down over $2 in today’s session. Yesterday we remarked that a gap down in the morning could be a short term trading opportunity to the long side but unfortunately we opened flat to slightly up, negative the set-up, and then continue to crawl higher in the first hour of trading before the indices began to sharply lose ground. Today’s sharp drop eventually found support at the mid-December trading lows…

Category Tabber, The Nightcap · Tags AAWW, ABG, AEC, ALLT, ALXN, AMBA, AMGN, ANTM, APO, ARE, AVOL, BAC, BDX, BIIB, BJRI, BLOX, BSFT, C, CAP, CELG, CHRW, CNC, CNV, CNXR, COL, CSX, CTRX, CUDA, CXO, DNKN, DPZ, DRI, DXCM, ELLI, EW, FBC, FFIV, FIG, FNHC, FOXA, FRGI, FSTR, FWRD, GBX, GE, GILD, GIMO, GPC, HDP, HII, HIVE, HTA, HUM, ISRG, IVZ, JNS, JPM, JRVR, KITE, KORS, KRA, LOCO, MDT, MDVN, MHR, MIG, MNST, MON, MSM, N, NDRM, NEWR, NPSP, NSM, OUTR, PCYC, PKI, PNRA, QGEN, QIHU, REGN, RPM, SLXP, SNSS, ST, STZ, SVU, TGH, TTWO, UNF, UTHR, VRNS, VRTX, WDAY, WK, XONE, XOOM, Z

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

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Revisiting December’s lows

Oil trades below $50 & leads market lower