Argentina default rattles global markets

Posted by Admin on July 31, 2014

Index & Sector performance 7/31/14 The Market: A sea of red today on the WSC Scoreboard with all 4 major indices closing strongly lower led by the Russell 2000 (IWM). Major media outlets pointed to weakness overnight in International markets caused by Argentina’s default. Looking at the technicals, the S&P 500 (SPY) and the Dow (DIA) both clearly lost their 50 day moving averages on a closing basis and did so on an increase in volume. The NASDAQ (QQQ), which has been this year’s strongest performer, is still a few percent above the 50’s while the Russell 2000 (IWM) has…

Category Tabber, The Nightcap · Tags ACHC, AET, AMT, ASGN, BAH, BBSI, BEN, BHB, BOKF, BWLD, CAVM, CCG, CLF, CNC, CODE, CTRP, CYN, DDR, DRII, ECL, EQIX, EROS, EVER, FOXF, GFIG, GLUU, HAE, HBAN, HCA, HES, IACI, ICLR, IPHI, ISIL, KAI, KEX, KORS, KRFT, LLL, LLY, LPLA, LRCX, LULU, MAR, MET, MINI, MOBL, NOW, NTK, OTEX, QCOM, RJF, RKUS, RYAM, SGNT, SIMG, SLCA, SLM, SM, SODA, SPB, TRN, TTEK, WDC, WFM, WIN, WLL, WLP, X, XNET, YELP

Tech and HealthCare EPS lead

Posted by Admin on July 23, 2014

Index & Sector performance 7/23/14 The Market: Today the stand out index was the NASDAQ (QQQ) which finished 0.64% higher with a lot of help from Apple (AAPL) which finished the day up 2.61% after reporting EPS yesterday after the close. The S&P 500 (SPY) and Russell 2000 (IWM) were relatively flat, while the Dow (DIA) was the clear laggard and the only index to finish down on the session. Weighing on the Dow was Boeing (BA) and Caterpillar (CAT) which finished down 2.34% and 1.53% respectively. In individual sectors it was HealthCare (XLV) which shined helped immensely by Intuitive…

Category Tabber, The Nightcap · Tags AAPL, ABC, ALXN, AR, ARG, BA, BC, BCC, BCO, BIIB, BK, BKU, BMS, BMY, BPOP, BR, BRCM, BSX, CAB, CAM, CAT, CATM, CCE, CCK, CELG, CHKP, CLF, CLI, CMCSA, CMS, CNC, COG, COL, CRI, CSH, CTB, DAN, DD, DFS, DFT, DGX, DHI, DNKN, DO, DPS, DRH, EA, EAT, EDU, EQM, EXAS, F, FAF, FANG, FLIR, FMER, GNTX, GPI, GT, H, HA, HLT, HLX, HOT, HST, HSY, HXL, IMS, IR, ISRG, JAH, JAZZ, JBLU, JNPR, KING, KKR, LAZ, LHO, LII, LLY, LTM, LUV, MANH, MCD, MDRX, MMM, MSFT, MTH, MWE, MYCC, NBL, NDAQ, NPBC, NUE, O, PAA, PBYI, PCP, PDCE, PEB, PENN, PHM, PMBC, PNK, PRLB, PTEN, QCOM, QDEL, QSII, RCL, RGP, RHI, ROIC, RRC, RS, RTN, SHO, SIAL, SIMO, SXC, THRM, TRGP, TROW, TSE, TWI, UA, UAL, UNP, USG, UTX, VMW, VZ, WAB, WCC, WCN, WLL, WYN, XLNX, XPL, ZMH

Financial earnings remain focus for week

Posted by Admin on July 14, 2014

Index & Sector performance 7/14/14 The Market: All four major indices on the WSC Scoreboard finished equally higher in today’s action. We continue to be most interested in the Russell 2000 (IWM) and the fact that the Small Caps are not enjoying as solid of a year as the other major indices. We ultimately believe for further gains the small caps need to be involved. In individual sectors the WSC Scoreboard was led by Energy (XLE) which finished up 0.87%. Also finishing higher on the WSC Scoreboard was the Financials (XLF) which saw Citigroup (C) beat earnings this morning and…

Category Tabber, The Nightcap · Tags AAPL, AB, ABDC, ACM, ADNC, AMKR, APAM, ARDX, ARUN, BCEI, C, CBPX, CBSH, CCS, CFX, CLMS, CMA, CODE, COF, DAN, DWA, EAT, EBAY, EBSB, EGOV, EOPN, ETR, FELP, FMC, FSL, GPRE, GS, ICPT, INFA, IP, JBHT, JNJ, JPM, KEX, KLAC, LEA, LEDS, LNN, LNT, MRKT, MTSC, NAVI, NCS, NDAQ, NDSN, NEE, OGE, OPB, OZRK, PARN, PNM, PPHM, QCOM, RAI, RAX, SABA, SBNY, SCHW, SNDK, STJ, TDC, TPH, TRIP, URS, USG, VC, VMC, VNOM, VRTV, WABC, WAFD, WDC, WFC, WHF, WLL, WTFC, WWW, YELP, ZFGN, ZSPH

Energy green in a sea of red

Posted by Admin on June 11, 2014

Index & Sector performance 6/11/14 The Market: As we noted late last week and reiterated in Monday’s report, the S&P 500 closed outside of its Weekly (20, 2, -2) Bollinger Bands which has previously lead to counter trend moves for a few weeks to months. While we respect the strong uptrend in the market, we also believe this is time to exercise caution on the long side, at least for the broad market. One additional note. While many market pundits in the media have been looking for pull back and becoming cautious recently, they also seem very willing to step…

Category Tabber, The Nightcap · Tags AAPL, ABR, ACHN, ALDR, AMTD, AMZN, ANGI, APC, AVNR, BA, BDN, BEAV, BID, BOBE, CHK, CMTL, COP, CPE, CVA, DCIX, DDD, DSX, DVN, EW, EXPE, FRAN, JMEI, KANG, MAR, MATR, MHFI, MRVL, MU, OCRX, PB, RAI, RGDO, SKUL, SNDK, SWKS, SYK, SYNA, TAP, TEU, THC, TOWR, TPLM, UNM, WLL

3 strong days higher

Posted by Admin on April 1, 2014

Index & Sector performance 4/1/14 The Market: Today’s early action targeted our highlighted region from last night’s update of $1875ES and then pulled back to support near $1870ES. Later in the day the market made another rally toward and pressed through $1875ES and now resides above in the after hours session. While we are starting to see some intraday negative divergences develop on the market which provide some caution to the recent strong 3 day rally, we fully expect the S&P 500 emini to challenge the highlighted resistance region of $1884-90ES in overnight or early morning trading. From there we…

Category Tabber, The Nightcap · Tags ACAS, ALK, AMTD, AMZG, APC, AQXP, ARCW, ARE, AYI, BBG, BEAM, BFAM, BGC, BPI DATA, CFR, CGIX, CLH, CMI, COUP, DLA, DRTX, EAC, EIX, EXTR, FC, FMBI, FULT, GST, HLS, HSTM, INFA, INVN, JASO, KEG, KERX, KND, LH, LNDC, LRE, MD, MET, MON, NBL, NCMI, NICE, NVDA, OAS, OMN, PCRX, PFIE, PFSI, PKOH, POT, PXD, RBCN, RSPP, RUSHA, STZ, TEVA, UAL, UNF, VOYA, VRNT, WBC, WDR, WLL, WNR

Reason or Excuse?

Posted by Admin on March 3, 2014

Index & Sector performance 3/3/14 The Market: Depending on your bias you likely either believe the events transpiring with Russia “scared” the market causing it to drop today or you believe the drop was already in the cards based on the technicals and the Russian incident just gives the news something concrete to point to as the cause. While we tend to be much more in the latter than former camp, we also subscribe to the believe it doesn’t really matter as in either case we are left with what happened and the decision what to do now. The S&P…

Category Tabber, The Nightcap · Tags AAPL, ACMP, AETI, AHT, AR, ASPX, AUXL, AZO, BCEI, BDGE, BDN, BIIB, BRLI, CIE, CMFN, COA, DDD, EA, EAT, EBIO, EGLT, ELLI, ENDP, ENT, ERJ, ETN, FFIV, GNCA, GTIV, GTXI, GXP, HPP, I, INTU, JRN, LADR, MAIN, MAR, MCK, MTOR, MTZ, MWE, NE, NFX, NLNK, NNI, NOK, ORCL, PCTI, PKT, PRGO, PSA, QCOM, QIHU, QURE, RFMD, RPM, RSH, RVNC, SALT, SBAC, SD, SODA, SPN, SQBG, SSP, SWKS, TDS, TEVA, TOL, TSLA, UNP, USM, WES, WLL, WUBA

China fears helped send market lower

Posted by Admin on October 23, 2013

Index & Sector performance 10/23/13 The Market: Today was a gap own and meander day where the majority f the losses were seen in very early trading and the rest of the day was mostly choppy. News attributed the drop to tightening fears out of China which sent international markets lower but as we have discussed here the market seemed ripe for a pullback. More lower.. In economic data there was not too much today with import prices coming in roughly as expected while the Home Price Index was well below expectations (0.3% vs 0.8%) . Yesterday we had the…

Category Tabber, The Nightcap · Tags ACE, ADS, AEL, APOL, AWAY, BA, BBCN, BEN, BSX, CAB, CAT, CELG, CIT, CL, CNC, COH, CREE, CVGI, DD, DOW, EGBN, EV, EXC, EXPE, F, FCX, FINL, FOSL, GLW, GNTX, GOL, HOT, HSY, IART, IP, JNPR, KMB, KSU, LMCA, LUV, MCK, MDT, MHFI, MMM, MMYT, MO, MOD, NBL, NCMI, NSC, NUS, OWW, P, PCLN, PCP, PNRA, PZZA, RAX, RGP, RTN, SBNY, SFG, SIRI, TRIP, UAL, UNFI, WIRE, WLL, WTW, XEC, XEL, XRX

Daily Wrap

Posted by Admin on May 24, 2013

DJIA +8.60 (+0.06%) to 15,303.10; S&P 500 -0.91 (-0.06%) to 1,649.60; NASDAQ -0.43 (-0.01%) to 2,991.02 The market started with a drop but spent the remainder of the day working to regain those earl losses and while only the Dow was successful, the other indices made a valiant effort closing just ever so slightly lower. In stock news Procter & Gamble (PG) was a big story of the day as their CEO resined and is being replaced by former CEO A.G. Lafley. It seemed as though Wall Street approved of the change as PG closed over 4% higher for the day. In merger news, Valeant (VRX) closed up over…

Category Tabber, The Nightcap · Tags ANF, ARO, CHL, CSIQ, LFC, P, PG, PNK, SHLD, TIF, TITN, VRX, WEN, WLL

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