Tuesday, January 17, 2017

Broad Index ETFs Pull Back on Below Average Volume...Financial Stocks Lower...


Sector Trend Strength:
Up Trend: XLF, XLI, XLB, XLY, XLE, XLK, XLP, XLRE, XLV
Sideways: XLU
Down Trend:

Breadth weakened as decliners led 1,659 to 1,352 on the NYSE and led 2,008 to 820 on the NASDAQ.

Monday – weakened, decliners led, +5 sectors
Friday – strengthened, advancers led, +6
Thursday – weakened, decliners led, +3
Wednesday – strengthened on the NYSE, advancers led, +8
Tuesday – strengthened, advancers led, +6

Oil futures were up .16 to close at 52.53 on Tuesday.  


SPY down .80 at 226.25 on 60.5 million shares, 26% below average volume,
VIX up .96 at 12.20
TLT up 1.27 at 122.58…on 7.8 million shares, 20% below average volume

Technical Commentary:
QQQ -0.30%, DIA -0.31%, SPY -0.35%, IWM -1.36%,

QQQ fell 37 cents from Friday’s all-time new high close in a bull flag like one day pullback.

SPY continues is a narrow short-term sideways trading range near resistance for a potential horizontal resistance breakout.

DIA and IWM are in a narrow short-term sideways trading range near support for a potential breakout of either support or resistance.


Financial stocks were weak on Tuesday following an earnings beat by MS and an eps miss by CMA.
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SPX down 7 points at 2,267

SPX  gainers NBL, PVH, NRG, MAT, RL, HBI, DLTR, RAI STZ, KORS, ADM, CHTR, BBY, CVS, CERN, HRL, MCO, KR, PM, GPS, COTY, WYNN, PCG, CCI, HCA, WMT

QQQ closes up 42 cents at 123.16 a new all-time closing high.
   
NDX point leaders: AAPL, CHTR, KHC, ESRX, COST, DLTR, MDLZ, NTES, WBA, CERN and MAT
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Earnings this week:
Tuesday – CMA, MS, UNH
Wednesday – C, CSX, FAST, GS, NFLX, NTRS, UAL, USB,
Thursday – ALK, AXP, CHKP, IBM, KEY, SWKS, UNP,
Friday – CFG, GE, RF, SLB,

Earnings Reports
CMA -4.68, -6.72% on a negative earnings reaction on 0.92 vs estimate of 0.94.
MS -1.66, -3.79% on a revenue and earnings beat.
UNH -1.14, -0.70% on a negative earnings reaction.

2016 Q4 EPS
EPS Positive Reactions
WFC, SNX, MSM, CUDA, GPN, MU, CAG, NKE, KMX, CCL, JBL
EPS Negative Reactions
CMA, MS, UNH, AYI, CMC, STZ, SCHN, RHT, BBBY, FINL, AGN, FDX, GIS, ADBE

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Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

Follow your rules and look for potential re-entry if you were stopped out of any profitable trades.

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings.

Trade what you see, not…

Stocks below support should generally be traded bearishly until a reversal pattern forms.


______________________

Strong Stocks: Setups and Moves You Can Use
Bull Flag Setups include: XLRE, LNG, WBA, SBUX, HAL, MT, GM, CLF, SQ, MTL, F, CCL, AKAM, RCL, ADBE, EBAY, XLV, ETFC, TMUS, FCAU, DE, ADP, DAL, NCLH, TXN, AAL, BA,

One Day Pullback: QQQ, AMZN, CSX, TSLA, SOXL, PCAR, ADSK,

Bull Flag Bounces include: NTES, TLT, COST, AAPL,

At Support Setups include: IWM, DIA, UTX, PAYX, BAC, WFC, XLNX, ETFC, GS, SCHW, NVDA, STLD, MMM, MSFT, ICE, X, MAR, MU, TRV, UPS, APA, MGM, PWR, FTI, HBAN, KEY,

Support Bounce: EA, HES, DISCA, BHI, ADI, ATI, STX,

Horizontal Breakout Setups include: NTES, TLT, FSLR, SPY, ROST, AVGO, GOOG, GD, AMAT, KLAC, CTXS, LRCX, AVGO, EA, INTC, WDC, FAST, LUV, ATVI, HIG, MCD, PCLN, ADI, NUE

Horizontal Breakouts include: CHTR, BBY,

New Highs include: FISV, VALE, CHKP, FB, ALK, CMCSA, NFLX,


Break of Support: CMA, JPM, PNC, C, FAS, MS, USB, AKS, STI, ZION, CFG, RF, 


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The SPY MFC green line is in the upper zone at 89 bullish


31 of 100 NDX stocks closed higher and two were unchanged on Tuesday.

74 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
ROST, TSCO,

Moving Below 30 DMA = 10
AAL, ADI, CELG, CSCO, INTU, NVDA, NXPI, QCOM, VRSK, XLNX,


6-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Neutral

Friday, January 13, 2017

Financials, Small Caps Lead Friday the 13th Rally...QQQ Moves to a New All-time High...


Sector Trend Strength:
Up Trend: XLF, XLI, XLB, XLY, XLE, XLK, XLP, XLRE, XLV
Sideways: XLU
Down Trend:

For the week ended January 13, four of ten sectors moved higher.
XLY +0.77%, XLK +0.53%, XLB +0.49%, XLI +0.13%, XLV -0.04%,
SPY -0.07%,
Lagging sectors XLF -0.13%, XLU -0.66%, XLP -1.15%, XLE -1.99%, XLRE -2.26%,

YTD 9
Leading Sectors: XLY +3.14%, XLV +2.87%, XLK +2.69%, XLB +2.35%, XLI +1.61%,
SPY +1.57%,
Lagging Sectors: XLF +1.12%, XLU -0.12%, XLRE -0.20%, XLP -0.37%, XLE -1.25%
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Breadth strengthened as advancers led 1,793 to 1,198 on the NYSE and led 1,802 to 965 on the NASDAQ.

Friday – strengthened, advancers led, +6 sectors
Thursday – weakened, decliners led, +3
Wednesday – strengthened on the NYSE, advancers led, +8
Tuesday – strengthened, advancers led, +6
Monday – weakened, decliners led, +1

Oil futures were down .51 to close at 52.52 on Friday.  


SPY up .52 at 227.05 on 62.7 million shares, 23% below average volume,
VIX down .31 at 11.23
TLT down .58 at 121.31…on 9.8 million shares, average volume

Technical Commentary:
IWM +0.72%, QQQ +0.34%, SPY +0.23%, DIA -0.03%,


QQQ made another all-time high close on Friday.

SPY, DIA and IWM continue is a narrow trading range near resistance for a potential horizontal resistance breakout.


Financial stocks BAC, BLK, JPM, PNC and WFC all reported positive earnings Friday morning and finished moderately higher for the day.

SPX up 4 points at 2,274

SPX  gainers NFLX, MNST, QRVO, FSLR, PNR, PDCO, TAP, LRCX, LLL, KSU, WAT, SWKS, ZION, TRIP, FOSL, CMCSA, NAVI, PCAR, PBI, PKI, PH, RF, KR, MCK, SYMC, TIF, KLAC, DOV, KEY, XRX, NRG, VMC, WFC, AMAT, XRAY, PWR, FITB

QQQ closes up 42 cents at 123.16 a new all-time closing high.
   
NDX point leaders: FB, CMCSA, NFLX, AMZN, TSLA, QCOM, MNST, MSFT, AVGO, AMAT, GOOG and AMGN


Earnings next week:
Tuesday – CMA, MS, UNH
Wednesday – C, CSX, FAST, GS, NFLX, NTRS, UAL, USB,
Thursday – ALK, AXP, CHKP, IBM, KEY, SWKS, UNP,

Friday – CFG, GE, RF, SLB, 

2016 Q4 EPS
EPS Positive Reactions
SNX, MSM, CUDA, GPN, MU, CAG, NKE, KMX, CCL, JBL
EPS Negative Reactions
AYI, CMC, STZ, SCHN, RHT, BBBY, FINL, AGN, FDX, GIS, ADBE



Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

Follow your rules and look for potential re-entry if you were stopped out of any profitable trades.

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings.

Trade what you see, not…

Stocks below support should generally be traded bearishly until a reversal pattern forms.


______________________

Strong Stocks: Setups and Moves You Can Use
Bull Flag Setups include: PAYX, ETFC, NTES, SBUX, XLV, CMA, JPM, SQ, F, UTX, COST, CCL, XLNX, C, LNG, HAL, EBAY, XLRE, TMUS, FCAU, AKAM, RCL, ADBE, AAPL, WBA, MT, MTL,

One Day Pullback: TLT,

Bull Flag Bounces include: TSLA, NFLX, FISV, DE, QQQ, AVGO, FAS, MS, ADP, GOOG, GD, USB,


At Support Setups include: NVDA, FTI, STLD, MMM, MSFT, ICE, ATI, X, MAR, STX, MU, TRV, UPS, APA, MGM,

Support Bounce: EA, HES, DISCA, ADI,

Horizontal Breakout Setups include: QQQ, IWM, AMAT, KLAC, CTXS, USB, LRCX, AVGO, ETFC, ZION, EA, PWR, INTC, SPY, WDC, SOXL, FAST, CFG, GM, CLF, CHTR, PCAR, NCLH, LUV, BBY, TXN, DIA, AAL, ATVI, GS, BA, STI, HBAN, KEY, RF, HIG, MCD, ADSK, PCLN, ADI, ROST, NUE

Horizontal Breakouts include: TSLA, FISV, FSLR, VALE, DAL,

New Highs include: AMZN, CHKP, CSX, FB, ALK, QQQ, SCHW, CMCSA,


Break of Support: BHI, AKS,

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Short-term Movers for the week:
SPX gainers:  ZBH, NRG, QRVO, ALK, AA, BSX, FSLR, TIF GPN, SYK, MCHP, UAL, FB, +10, 1,  +4, 20
SPX losers:  WMB, AYI, PRGO, SIG, EXR, CINF, PSA, BMY, FTR, TSO, EQT, HES, BHI, DVN, GGP, MAC, COG, NOV, MNK, -4, 23

NDX gainers:  ILMN, INCY, CERN, AMAT, LBTYA, VRTX, NTES, SYMC, ISRG, SWKS, MXIM, TRIP, +4, 13
NDX losers:  ENDP SHPG, ALXN, MYL, STX, -4, 5,

YTD: 9
SPX Leaders:  NRG, AA, FCX, GPN, ZBH, FSLR, QRVO, CNC, CRM, BSX (344, > 10p 17,)
SPX Losers:  XRX, KSS, M, SIG, TSO, WMB, LB, JN, CINF, SWN, AYI

NDX Leaders:  ILMN, INCY, LBTYA, TRIP, VRTX, ALXN, FB, TSLA, NTES, VIAB, (86, >10p 11)
NDX Losers:  ENDP, QVCA, MYL, STX, NVDA, XLNX, CTAS, TMUS, CSCO, KHC

DJI Leaders:  MRK, NKE, V, DIS, AXP, AAPL, GS, BA, CAT, INTC, (18, >10p 0,)
DJI Losers:  TRV, XOM, WMT, VZ, KO, CVX, GE, MMM, JNJ, CSCO
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The SPY MFC green line is in the upper zone at 89 bullish


71 of 100 NDX stocks closed higher and one was unchanged on Friday.

82 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
ADI, QCOM

Moving Below 30 DMA = 2
ORLY, TMUS


6-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Neutral

Thursday, January 12, 2017

Broad Indexes Pause, Pull Back at Resistance...


Sector Trend Strength:
Up Trend: XLF, XLI, XLB, XLY, XLE, XLK, XLP, XLRE, XLV
Sideways: XLU
Down Trend:

Breadth weakened as decliners led 1,793 to 1,198  on the NYSE and led 1,802 to 965 on the NASDAQ.

Thursday – weakened, decliners led, +3 sectors
Wednesday – strengthened on the NYSE, advancers led, +8
Tuesday – strengthened, advancers led, +6
Monday – weakened, decliners led, +1
Friday – strengthened, decliners led, +9

Oil futures were up .66 to close at 53.03 on Thursday.  


SPY down .57 at 226.53 on 72.1 million shares, 13% below average volume,
VIX up .28 at 11.54
TLT down .27 at 121.89…on 9.6 million shares, 5% below average volume

Technical Commentary:
QQQ -0.15%, SPY -0.25%, DIA -0.29%, IWM -0.77%,

QQQ pulled back from its all-time high while SPY, DIA and IWM pulled back from resistance in their short-term sideways range remaining horizontal resistance breakout setups. 

QQQ, SPY, DIA and IWM pulled back to support after the open on below average volume where big money stepped in and rallied the indexes forming hammer/dragonfly doji on each chart.

TIF +3.61% leads SPX.

SPX down 5 points at 2,270

SPX  gainers TIF, AA, ABC, DISCA, LLY, CPB, MNK, AYI, NRG, BBY, AMZN, O, CNC, ANTM, KIM, CERN, BXP, MCO, IRM, LKQ, HRL, CI, RRC, PBI, KR, LYB, SNI, EVHC, GPS, EQR, DRI, FAST, MAA, HAS, CSRA, UDR, KMI, SLG, KSS, EL, MCK

QQQ closes down 19 cents at 122.74 after rising for seven straight days.
   
NDX point leaders: AMZN, FB, KHC, INCY, CSX and PYPL


Earnings this week:
Monday – AYI, GPN, CMC
Tuesday
Wednesday – KBH
Thursday – DAL
Friday – BAC, BLK, JPM, PNC, WFC

2016 Q4 EPS
EPS Positive Reactions
SNX, MSM, CUDA, GPN, MU, CAG, NKE, KMX, CCL, JBL
EPS Negative Reactions
AYI, CMC, STZ, SCHN, RHT, BBBY, FINL, AGN, FDX, GIS, ADBE


Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

Follow your rules and look for potential re-entry if you were stopped out of any profitable trades.

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings.

Trade what you see, not…

Stocks below support should generally be traded bearishly until a reversal pattern forms.


______________________

Strong Stocks: Setups and Moves You Can Use
Bull Flag Setups include: NTES, MS, ADP, SBUX, GOOG, TSLA, SQ, F, FAS, DE, FISV, UTX, GD, COST, CMA, NFLX, XLNX, PAYX, JPM, C, LNG, HAL, EBAY, STLD, USB, XLRE, XLV, AVGO, TMUS, ETFC, DE,

One Day Pullback: QQQ, CCL, CHTR, FCAU, AKAM, RCL, ADBE, FTI,

Bull Flag Bounces include: KLAC, CTXS,

At Support Setups include: MMM, MSFT, ZION, ICE, ATI, EA, X, PWR, MAR, INTC, JPM, STLD,

Support Bounce: FAST, WBA, IWM, HES, BHI, DISCA, ADI, TRV, CC, UPS, APA,

Horizontal Breakout Setups include: SPY, WDC, SOXL, FSLR, VALE, FAST, CFG, MU, DAL, LUV, CAR, TSCO, TLT, CE, MGM, BBY, TXN, DIA, AMAT, AAL, ATVI, GS, BA, AKAM, STI, HBAN, KEY, RF, HIG, LRCX, MCD, NVDA, ADSK, PCLN, ADI, CC, ROST, WBA, APA, MT, MTL, AKS, NUE

Horizontal Breakouts include: ALK, GM, CLF, CHTR, CE, NCLH, CMCSA, PCAR,

New Highs include: AMZN, CHKP, CSX, FB, ALK, GM, QQQ, AAPL, SCHW,

Break of Support: STX, 


______________________

The SPY MFC green line is in the upper zone at 89 bullish


35 of 100 NDX stocks closed higher and one was unchanged on Thursday.

82 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
EA, EXPE, FAST

Moving Below 30 DMA = 2
GILD, TSCO

6-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Neutral