Friday, October 24, 2014

SPY Posts Largest Weekly Gain in 2014...Massive Bullish Engulfing on Weekly Chart...FB New All-time High...

Seven out of nine sectors moved higher on Friday…XLV, XLU and XLF were the strongest sectors while XLE was the weakest. 

Breadth weakenedadvancers led decliners…1.64 to 1 on the NYSE and 1.30 to 1 on the NASDAQ.

Friday – weakened, advancers led
Thursday – strengthened, advancers led
Wednesday – weakened, decliners led
Tuesday – strengthened, advancers led
Monday – strengthened, advancers led


SPY up 1.50 at 196.43 on 107.5 million shares
VIX down .42 at 16.11…
TNX down .02 at 22.73…
TLT up .12 at 119.72...
XLF up .22 at 23.10 on 26.2

AAPL up .39 at 105.22 on 44.1 million shares
FB up .63 at 80.67…on 32 million shares, new all-time high

Technical Commentary:
QQQ +0.82%, DIA +0.78%, SPY +0.77%, IWM +0.17%.








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


Short-term Chart Targets:
SPY = 194.27, 197.62...
QQQ = 97.10, 98.76
IWM = 112.15, 114.51…

Support Levels
SPY = 191.48, 190.45...
QQQ = 95.32, 94.47
IWM = 109.22, 107.00...

Earnings this week
Monday: AAPL, CMG, HAL, HAS, ILMN, IBM, BTU, STLD, TXN, ZION,
Tuesday: ATI, APOL, EAT, BRCM, CNI, KO, CREE, ETFC, HOG, ISRG, KMB, LXK, LMT, MCD, TRV, UTX, VZ, VMW, YHOO
Wednesday: T, BA, DOW, EMC, EQIX, GD, LRCX, NXPI, ORLY, SWK, TSCO, WHR, XRX, YELP
Thursday: MMM, ALK, ALXN, ALTR, AMZN, CAT, CELG, CERN, CHKP, CMCSA, DECK, DNKN, GM, JNPR, KLAC, LLY, MXIM, MSFT, P, LUV, UA, UNP, UAL, WYNN, YNDX, ZNGA,
Friday: BMY, F, NDAQ, PG, STT, UPS

Q3 Earnings Reactions
Positive Reactions – AAPL, APOL, EMC, GD, HAL, HAS, HOG, ILMN, KMB, LXK, STLD, SWK, TRV, TXN, ZION, AMD, C, CSX, DAL, GE, HON, LVS, MS, SCHW, SLB, STI, URI, XLNX, COST, BBBY, BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,

More than 10% - NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – BA, CMG, DOW, EAT, IBM, KP. LMT, BTU, XRX, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,

More than -10% -

Reversal in progress – AZO,

Reversal of Initial Reaction – AXP, KKD, BBRY, MU,

The SPY Market Forecast is at 58.

___________________

Setups














______________________

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

Leading NDX 100 stocks included: KLAC, STX, MXIM, GILD, CELG, CTXS, BIDU, NXPI, VOD, CTRX

Lagging NDX stocks included: AMZN, BBBY, ALTR, ISRG, EQIX, WFM, SRCL, FOXA, GOOGL, DTV

Leading stocks > +2% on Friday: SPLK, YY, DAL, YELP, VRSN, RCL, AAL, CRM, BX, SWI, CAR, FAS

Lagging stocks < -3.0% included: GPRO, ANGI, AMBA, JD, JDSU, SFUN, Z, CIEN

Stocks to Watch on Monday
Holding Above 30 DMA= 52
SIAL, GMCR, ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, FB, ORLY, TSCO, VRTX, XLNX, AAPL,AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT, MA, PCAR, QCOM, SPLS, SYMC, TXN, WYNN, BRCM, YHOO, CA, CERN, CHKP, CHTR, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX

Moving Above 30 DMA = 12
ADBE, ADSK, BIIB, CMCSA, CTRX, KLAC, LMCA, MDLZ, MSFT, PCLN, VOD, VRSK

Moving Below 30 DMA = 1
WFM
                                                                                             
Staying Below 30 DMA
DTV, EBAY, FAST, NFLX, CSCO, EXPE, MU, DISH, AVGO, ALTR, CTXS, INTC, NTAP, NXPI, SNDK, AKAM, GOOG, FFIV, LLTC, AMAT, LMCK, MXIM, TRIP, VIAB, EQIX, SIRI, AMZN, ATVI, FOXA, TSLA, VIP, DISCA, MAT, ADI, WDC

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

Stock Futures Taking A Pause In Pre-Market...KLAC Advances 11.45%...

BMO – ES – 1.75…and NQ – 2.25…stock futures point to a MIXED open in pre-market…

SPY is down .25…

XLF is …down .10…
Euro is up 24 pips…
TLT is up .79…

Follow your rules for entry and exit…and always remember to adjust stops to protect profits also according to your rules...

Quoting UpKLAC, MSFT, VOD, AAPL, FB, YELP, PANW


Quoting Down: AMZN, MXIM, MU, GPRO, SFUN, LOCO, RCL, P, UNG

Thursday, October 23, 2014

Stocks Gain...SPY...IWM...QQQ...All Notch Above 1+% Gain...AAPL...CELG...FB...Make Record Highs...TSCO Closes Up 15.82%...While SCSS Closes Up 16.22% After Positive Earnings...In After Hours Trading & After Earnings Post KLAC Up 14.82%...

Seven out of nine sectors moved higher on Thursday…XLI, XLE and XLV were the strongest sectors while XLP was the weakest. 

Breadth strengthened…advancers led decliners…3.42 to 1 on the NYSE and 2.60 to 1 on the NASDAQ.

Thursday – strengthened, advancers led
Wednesday – weakened, decliners led
Tuesday – strengthened, advancers led
Monday – strengthened, advancers led
Friday – weakened, mixed


SPY up 2.52 at 194.93 on 146.7 million shares, above average volume
VIX down 1.34 at 16.53…
TNX up .46 at 22.75…
TLT down 1.07 at 119.60...
XLF up .22 at 22.88 on 42.3million shares

AAPL up 1.92 at 104.91 on 70.7 million shares
FB up 1.57 at 79.94…on 34.8 million shares

Technical Commentary:
SPY + 1.31%, DIA + 1.42%, QQQ + 1.59%, IWM + 1.85%.



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


Short-term Chart Targets:
SPY = 194.27, 197.62...
QQQ = 97.10, 98.76
IWM = 112.15, 114.51…

Support Levels
SPY = 191.48, 190.45...
QQQ = 95.32, 94.47
IWM = 109.22, 107.00...

Earnings this week
Monday: AAPL, CMG, HAL, HAS, ILMN, IBM, BTU, STLD, TXN, ZION,
Tuesday: ATI, APOL, EAT, BRCM, CNI, KO, CREE, ETFC, HOG, ISRG, KMB, LXK, LMT, MCD, TRV, UTX, VZ, VMW, YHOO
Wednesday: T, BA, DOW, EMC, EQIX, GD, LRCX, NXPI, ORLY, SWK, TSCO, WHR, XRX, YELP
Thursday: MMM, ALK, ALXN, ALTR, AMZN, CAT, CELG, CERN, CHKP, CMCSA, DECK, DNKN, GM, JNPR, KLAC, LLY, MXIM, MSFT, P, LUV, UA, UNP, UAL, WYNN, YNDX, ZNGA,
Friday: BMY, F, NDAQ, PG, STT, UPS

Q3 Earnings Reactions
Positive Reactions – AAPL, APOL, EMC, GD, HAL, HAS, HOG, ILMN, KMB, LXK, STLD, SWK, TRV, TXN, ZION, AMD, C, CSX, DAL, GE, HON, LVS, MS, SCHW, SLB, STI, URI, XLNX, COST, BBBY, BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,

More than 10% - NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – BA, CMG, DOW, EAT, IBM, KP. LMT, BTU, XRX, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,

More than -10% -

Reversal in progress – AZO,

Reversal of Initial Reaction – AXP, KKD, BBRY, MU,

The SPY Market Forecast is at 51.

___________________

Setups
Horizontal Breakout: AA, BBRY, HOG, QIHU, SWKS, V, YY, GLW, KNDI, SINA, WLT, QCOM, STX, WYNN, YHOO,
Diagonal Breakout: AMBA, C, CIEN, CRM, EMC, ETFC, JDSU, LNKD, MS, SPWR, SUNE, Z, ANR, MTW, P, ADBE, AMZN, CMCSA, EBAY, SBUX,
Bull Flag: NTES, SFUN, ESI,
Potential Bullish Divergence: 
Gap Up:
Gap Down:  
Bear Flag:  
Support:   
C- Pattern

Moves
New Highs: PANW, AAPL, CELG,  
H Breakout: SPLK, YNDX, GRMN,
D Breakout: DAL, SPY, GILD,
Breakout Test:
Bull Flag Bounce
Bounce: ANGI,  
MACD Divergence Bounce: CREE, DDD,
Gap Up: MFRM, SCSS, TPX,  
Gap Down: RCL, YELP,  
C- Pattern:  
Bear Flag:  
Support Break: YELP,  


______________________

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

Leading NDX 100 stocks included: KLAC, TSCO, ALXN, ORLY, CELG, CHKP, MSFT, STX, AMAT, CMCSA, DHTR, DISCA, LBTYA, AMGN

Lagging NDX stocks included: AMZN, CTXS, MXIM, ALTR

Leading stocks > +2% on Thursday: SCSS, SPLK, CIEN, FEYE, PANW, BBRY, QIHU, YY, JDSU, TPX, X, Z, AAL, SWKS


Lagging stocks < -3.0% included: YELP, GPRO


Stocks to Watch on Friday
Holding Above 30 DMA= 40
SIAL, GMCR, ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, FB, ORLY, TSCO, VRTX, XLNX, AAPL,AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT, MA, PCAR, QCOM, SPLS, SYMC, TXN, WYNN, BRCM, YHOO

Moving Above 30 DMA = 13
CA, CERN, CHKP, CHTR, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, WFM

Moving Below 30 DMA = 0

                                                                                             
Staying Below 30 DMA
BIIB, ADSK, DTV, EBAY, FAST, MSFT, NFLX, CSCO, EXPE, INTU, MU, DISH, AVGO, ALTR, CTXS, INTC, KLAC, NTAP, NXPI, SNDK, VOD, AKAM, CHKP, GOOG, CHTR, CMCSA, FFIV, LLTC, AMAT, LMCA, LMCK, MXIM, TRIP, VIAB, VRSK, EQIX, MDLZ, NVDA, SIRI, CTRX, ADBE, AMZN, ATVI, FOXA, STX, TSLA, VIP, SBUX, DISCA, MAT, ADI, WDC, PCLN

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


Stock Futures Resume Upward Trend Before The Open...TSCO Gains 11.42%...While SCSS Rises 12.84%...Home Prices Rise In August & Jobless Claims Remains Below 300K At 283K...

BMO – ES + 15.50…and NQ + 31.50…stock futures point to a HIGHER open in pre-market…

SPY is up 1.80…

XLF is
Euro is up 18 pips…
TLT is down .52…

Follow your rules for entry and exit…and always remember to adjust stops to protect profits also according to your rules...

Quoting UpTSCO, ALXN, CHKP, NXPI, ILMN, TRIP, STX, SCSS, SUNE, CSIQ, MBLY, GPRO, FAS, AMBA, ETFC, TSL, MFRM, SCTY,


Quoting Down: CTXS, YELP, UA, UAL, ANGI, RCL,

Wednesday, October 22, 2014

SPY,QQQ Pause, Pull Back After Three Day Rally...TSCO Gaps Higher, YELP Lower After-hours Earnings...

Two out of nine sectors moved higher on Wednesday…XLU, XLP and XLV were the strongest sectors while XLE was the weakest. 

Breadth weakened…decliners led advancers…2.26 to 1 on the NYSE and 2.83 to 1 on the NASDAQ.

Wednesday – weakened, decliners led
Tuesday – strengthened, advancers led
Monday – strengthened, advancers led
Friday – weakened, mixed
Thursday – strengthened, advancers led


SPY down .86 at 193.21 on 151.5 million shares, above average volume
VIX up 1.79 at 17.87…
TNX up .21 at 22.29…
TLT up .13 at 120.67...
XLF down .13 at 22.74 on 46.2 million shares

AAPL up .60 at 103.07 on 68.1 million shares
FB down .29 at 78.40…on 41.8 million shares

Technical Commentary:
QQQ -0.52%, SPY -0.71%, DIA -0.86%, IWM -1.43%.

After the three day rally in which SPY gained 4.19%, profit-taking took over and SPY -0.71% pulled back and formed a dark cloud cover.  From Wednesday’s low today was just a 17% retracement.  Wednesday’s high occurred at the mid-section of consolidation from Oct 1 to 9 and the 30 DMA.  This could be a one-day pause in the short-term uptrend or could turn into a bull flag pull back.  Either way traders must stay prepared and follow their rules.

Earnings continued today with positive reactions from SWK, GD and EMC and negative reactions from XRX, DOW and BA.

After the close positive earning reaction from TSCO +7.20, +11.75%, ORLY +6.14, +3.90% and NXPI +1.12, +1.75%.  Negative earning reactions from YELP -9.23, -13.14%, LRCX -2.36, -3.28% and T -0.50, -1.45%.


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


Short-term Chart Targets:
SPY = 194.27, 197.62...
QQQ = 97.10, 98.76
IWM = 112.15, 114.51…

Support Levels
SPY = 191.48, 190.45...
QQQ = 95.32, 94.47
IWM = 109.22, 107.00...

Earnings this week
Monday: AAPL, CMG, HAL, HAS, ILMN, IBM, BTU, STLD, TXN, ZION,
Tuesday: ATI, APOL, EAT, BRCM, CNI, KO, CREE, ETFC, HOG, ISRG, KMB, LXK, LMT, MCD, TRV, UTX, VZ, VMW, YHOO
Wednesday: T, BA, DOW, EMC, EQIX, GD, LRCX, NXPI, ORLY, SWK, TSCO, WHR, XRX, YELP
Thursday: MMM, ALK, ALXN, ALTR, AMZN, CAT, CELG, CERN, CHKP, CMCSA, DECK, DNKN, GM, JNPR, KLAC, LLY, MXIM, MSFT, P, LUV, UA, UNP, UAL, WYNN, YNDX, ZNGA,
Friday: BMY, F, NDAQ, PG, STT, UPS

Q3 Earnings Reactions
Positive Reactions – AAPL, APOL, EMC, GD, HAL, HAS, HOG, ILMN, KMB, LXK, STLD, SWK, TRV, TXN, ZION, AMD, C, CSX, DAL, GE, HON, LVS, MS, SCHW, SLB, STI, URI, XLNX, COST, BBBY, BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,

More than 10% - NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – BA, CMG, DOW, EAT, IBM, KP. LMT, BTU, XRX, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,



More than -10% -

Reversal in progress – AZO,

Reversal of Initial Reaction – AXP, KKD, BBRY, MU,

The SPY Market Forecast is at 42.

___________________

Setups
Horizontal Breakout: AAPL, INTC, MU, QCOM, SNDK, TRIP, TXN,
Diagonal Breakout: AMBA,  
Bull Flag: TLT,
Gap Up: TSCO, ORLY, NXPI
Gap Down: YELP, LRCX
Bear Flag:  ETFC, SCHW, SWI, CSIQ,

Moves
New Highs: COST, GMCR, ILMN,
Breakout Test: MNST,
Gap Up: BRCM, YHOO,
Gap Down: ANGI,  
Bear Flag: ATI, CAR, CIEN, JDSU, LNKD, QIHU, SCTY, TSL, Z, 

______________________

22 out of 100 NDX stocks closed higher on Tuesday and one was unchanged.

Leading NDX 100 stocks included: TSCO, BRCM, YHOO, ILMN, ORLY, NFLX, MDLZ, GOOG, MAT

Lagging NDX stocks included: CTXS, BIIB, DISCA, FFIV, XLNX, MYL, EQIX, ISRG, GILD, FOXA, LMCK, TRIP, NVDA, SNDK, ADBE

Leading stocks > +2% on Wednesday: SCSS

Lagging stocks < -3.0% included: ANGI, YELP, TSL, CAR, XONE, Z, SPLK, SPWR, SUNE, LNKD, YY, CREE, DDD, ESI, VJET, JASO, YNDX

Stocks to Watch on Thursday
Holding Above 30 DMA= 12
SIAL, GMCR, ROST,CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, FB, ORLY, TSCO, VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT, MAR, PCAR, QCOM, SPLS, SYMC, TX, WYNN, BRCM

Moving Above 30 DMA = 2
BRCM, YHOO

Moving Below 30 DMA = 8
BIIB, CA, CERN, CTSH, EXPD, LBTYA, SBAC, WFM
                                                                                             
Staying Below 30 DMA
ADSK, DTV, EBAY, FAST, MSFT, NFLX, CSCO, EXPE, INTU, MU, DISH, AVGO, ALTR, CTXS, INTC, KLAC, NTAP, NXPI, SNDK, VOD, AKAM, CHKP, GOOG, CHTR, CMCSA, FFIV, LLTC, AMAT, LMCA, LMCK, MXIM, TRIP, VIAB, VRSK, EQIX, MDLZ, NVDA, SIRI, CTRX, ADBE, AMZN, ATVI, FOXA, STX, TSLA, VIP, SBUX, DISCA, MAT, ADI, WDC, PCLN

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