New Ebola scare helps market off highs

Posted by Admin on October 23, 2014

Index & Sector performance 10/23/14 The Market: The market was cruising along today until roughly 2pm ET when the market turned and then started quickly losing ground. Traders pointed to news that a doctor who had treated Ebola patients was rushed to the hospital in New York City. The sell off was not enough to give back all the days gains but we closed well off the intraday highs. Many sectors from the WSC Scoreboard participated in the rally with the biggest gainer the Industrials (XLI) finishing up over 2% helped greatly by Union Pacific Corporation (UNP) and 3M (MMM)…

Category Tabber, The Nightcap · Tags AAN, ABBV, ADXS, ALGT, ALU, ANGI, AVY, AXLL, B, BA, BABA, BBT, BDBD, BEAV, BMY, BSX, CHKP, CL, CLR, CLW, COG, CTCM, CTXS, DDD, DLPH, DOW, DTE, EDU, EGHT, EMC, ENDP, EOG, ETAK, F, FET, FLIR, FMC, FNFG, FOSL, FTI, FTNT, GD, GLF, HLSS, IDXX, IHS, IMGN, IMS, INFN, KO, LEA, LGND, LHO, LMT, LPNT, LQ, LULU, LYB, MCO, MERC, MLNX, MMM, MNI, MNK, MOS, NBR, NDAQ, NDRO, NOC, NOW, NPBC, NTGR, OC, OCR, OFC, PG, PII, PVA, SKX, STNG, STT, SXC, T, TCB, TE, TLLP, TSCO, TUP, UBSH, UNF, UNP, UPS, VAR, VOC, VTR, WBC, WRLD, WYN, YELP, ZMH

Market continues higher on low volume

Posted by Admin on August 13, 2014

Index & Sector performance 8/13/14 The Market: Monday was a solid up day to follow-up on Friday’s move but one concerning aspect was how the indices finished noticeably off the intraday highs. That trend continued taking the indices lower in Tuesday’s session but the losses were contained and today it was back up as all 4 indices on the WSC Scoreboard finished higher with the NASDAQ (QQQ) leading the charge. In individual sectors there were three standouts with HealthCare (XLV) the biggest winner finishing the day up 1.21% followed by a tie for second with both the Industrials (XLI) and…

Category Tabber, The Nightcap · Tags AAP, ACM, AER, AMPH, AMSC, AMZN, ARTX, ATHL, AWAY, BGG, BGMD, CEQP, CGI, CREE, DANG, DWRE, EBAY, EGL, EGOV, EPZM, ESS, EXK, EXPE, FB, FEYE, FRF, FXEN, GK, GLRI, GOOG, HIL, HMHC, IMOS, INGN, IPI, IT, ITC, JDSU, JGW, KEYW, KING, KNOP, KSS, LEAF, LNKD, LRN, MBLY, MELI, MHR, MOS, MRIN, MTBC, MTLS, MTZ, NEWT, NGL, NVAX, P, PCLN, POT, PRGO, RCAP, RCPT, RDN, RRGB, SAFT, SCCO, SFXE, SRT, TMST, TOUR, TRIP, TW, TWTR, VAL, VSAT, WMT, YELP, ZFC, ZFGN

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

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

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

Stong gains for shortened Op-Ex week

Posted by Admin on April 16, 2014

Index & Sector performance 4/16/14 The Market: From our recap Monday we noted that while the market still appeared vulnerable to the downside, we would also not be surprised to see oversold short term levels and the shortened holiday trading week provide a bounce. We did not at that time realize that we would get both the downside and the rally all in one day but that is in fact what happened on Tuesday and today was a follow-through on that action. Tomorrow is the last day of trading for the week since the market is closed Friday in observance…

Category Tabber, The Nightcap · Tags ACT, ADS, AGN, AINV, AMZN, AN, AQXP, ATEN, BAX, BBT, BCO, BHI, BLK, BX, CHYR, CMG, COL, CREE, CTRL, CY, DD, DHR, DMRC, DOV, EC, ENDP, FANG, FCS, FGL, FHN, FITB, FSGI, GDP, GE, GPC, GS, HK, HLSS, HON, HTZ, IMGN, INGR, INTC, JBLU, JNJ, KEY, KOP, LNC, MAT, MDWD, MRTN, MS, MSI, NMBL, NPBC, NPSP, NTAP, NTES, PDS, PEP, PM, PNFP, PPG, PVTB, REGN, RGA, SBGL, SC, SCHW, SFUN, SHW, SLB, SLXP, SNA, SON, SONC, SPN, TWC, UNFI, UNH, UNP, WBS, WHF, YELP, YHOO, YOKU

FOMC minutes ease market concerns

Posted by Admin on April 9, 2014

Index & Sector performance 4/9/14 The Market: After bottoming and bouncing in yesterday’s session, the S&P 500 futures spend the majority of the overnight session consolidating in a tight range. This lead to an early breakout, retest, and continuation higher but it was after the FOMC minutes were released at 2pm ET when the strongest gains were realized. Concern the Fed would be aggressive with rate hikes subsided and traders rewarded the market with 1+% gains across the board with the Nasdaq leading the charge up 1.7%. Next on the economic data schedule is Unemployment Claims which are released at…

Category Tabber, The Nightcap · Tags AA, ABC, ABCO, ACI, ACT, AEGN, AMID, AMRI, AMSG, ANR, APA, ARO, AVGO, BERY, BLL, BMRC, BMS, CBOE, CBSH, CG, CNX, CPHD, DHR, DRTX, DVN, FBHS, FDO, FEYE, FIBK, FLML, FNFG, GM, HCSG, HIBB, HSY, HWAY, IGTE, IP, JMP, KRC, KT, LNKD, MDAS, MGIC, MNK, NDAQ, NRG, NX, NXPI, OMCL, PENN, PIR, PKI, PZG, RAD, RKT, RXDX, TITN, VNO, VTNR, WLT, WR, YELP

S&P 500 remains above the 50 DSMA

Posted by Admin on April 7, 2014

Index & Sector performance 4/7/14 The Market: Friday’s selling action continues on Monday as the S&P 500 index lost roughly 20 points. Today’s lows in the SPDR S&P 500 ETF (SPY) correlated nicely with previous levers of reaction and the 50 day SMA. If this short term support is lost we could see the cash index next targeting $1800 and even $1650-1700. In the meantime, aggressive traders could look to use today’s lows as a level to trade again on the long side for a bounce. Reporting EPS 4/8/14 Pre-Market: Only one name of note reporting EPS tomorrow…

Category Tabber, The Nightcap · Tags AA, AAL, ADI, AEO, AGIO, AKAO, ANN, APC, APC SLB, AR, AVGO, AYI, BCR, BDX, BGS, BHI, C, CALX, CJES, CMA, CMP, CNVR, CODE, CPA, CSX, DPRX, EGN, FEYE, FUEL, GD, HAL, HFC, HTGC, IM, INTC, INVN, IPHI, IRS, ISCA, ISRG, JBLU, KMT, KND, LGIH, LGP, LII, LLL, LVS, MAT, MCHX, MGM, NEM, NFLX, NYCB, ONNN, OSK, P, PBF, RDC, RESCU, RNST, SBNY, SEM, SPF, TDG, TEVA, TEX, TRLA, UA, UPL, WSH, XLNX, YELP, ZMH

Market digests yesterday’s move

Posted by Admin on March 27, 2014

Index & Sector performance 3/27/14 The Market: In Economic news, Unemployment Claims came in at 311K which is better than the 326K estimate. GDP came in a hair light at 2.6% vs 2.7% est. and Pending Home Sales missed big posting a -0.8% vs a 0.1% est. while the previous number was revised lower. Tomorrow’s data is not as critical as today’s but we do have multiple events including Consumer Confidence. In early trading the emini reached 1835ES and twice found support there before managing to rally roughly 9 points off the lows to the close. All in all it…

Category Tabber, The Nightcap · Tags ACPW, ANSS, ASBC, BBRY, BHI, BKU, C, CECE, CIG, COMM, EXTR, FANG, FII, FITB, GOOG, GPN, GRMN, HAL, ICLR, IRT, MBLX, NYT, OGZPY, OXM, PRGS, PVH, QCOM, RH, RHT, RNDY, RNG, SILC, SWKS, TCB, USPH, XOM, YELP

Russell leads Indices lower

Posted by Admin on March 24, 2014

Index & Sector performance 3/24/14 The Market: The Bull missed a great opportunity in our opinion when a late day rally stalled and failed to get above the 1856.50ES resistance and they even had the opportunity to close up on the day. Now the 1852-56.50ES region should act as resistance and leaves the door open for an overnight drop toward 1840ES and then further 1827ES. In Economic Data we had Manufacturing PMI come in lighter than expected but the previous number was revised higher . Tomorrow the market will be watching Consumer Confidence and New Home Sales. Reporting EPS…

Category Tabber, The Nightcap · Tags AAOI, ABMD, ACHN, AEP, AGNC, ALSN, AMAT, AMTG, ARR, AXLL, BAC, BBCN, BSX, BWLD, CACH, CCL, CECE, CLVS, CRK, CYS, DSGX, ESS, EVER, FBIZ, FBNC, FIBK, FLML, FWRD, GCI, GIII, HCLP, HDS, IRBT, IT, KEYW, L, LGCY, LINE, LNCO, MKC, MMYT, MTW, NCS, NEOG, NGHC, NTAP, OIIM, ONE, OSK, PCAR, PETX, PLCM, PM, PNC, PTEN, QCOM, QRE, QUNR, REI, ROST, RXDX, SLM, SSYS, SUSS, SYMC, TFX, TIF, TMUS, TRBAA, UAL, USB, VMW, WAG, WFC, WLP, WMC, YELP, ZION

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