Tuesday, February 21, 2017

RUT, SPX, DJIA, NDX Another New All-time Closing High...NVDA, TSLA, AMD, X Take Off...


Setups to Watch for Wednesday

                  (click image to enlarge)
  
Technical Commentary

Broad market indexes and ETFs each make a new all-time closing high.

IWM, SPY, DIA, QQQ = New all-time High

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

XLRE shifts from sideways to up trend.

Breadth strengthened as advancers led 2,128 to 827 on the NYSE and led 1,627 to 1,195 on the NASDAQ.

Tuesday – strengthened, advancers led, +10 sectors
Monday – George Washington’s Birthday
Friday – strengthened, advancers led on the Nasdaq, +8
Thursday – weakened, decliners led, +5
Wednesday – strengthened, advancers led, +6


IWM +0.78%, SPY +0.60%, DIA QQQ +0.58%, QQQ +0.49%,

                  (click image to enlarge)

SPY up 1.40 at 236.49 on 88.9 million shares, 24% above average volume,
VIX up .08 at 11.57
TLT down -.21 at 120.11…on 8.7 million shares, 6% below average volume


The SPY MFC green line is pointed up at 98 bullish

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


SPX and NDX Highlights

SPX up 14 points at 2,365, a new all-time closing high.

SPX  gainers SNI, MDLZ, FSLR, SJM, CNC, NVDA, PWR, DISCA, EW, GIS, WMT, DV, HSIC, AMT, TSO, AES, LKQ, PBI, CBS, TIF, AMAT, LRCX, K, ANTM, GCI, WMB, CI

QQQ closes up 64 cents at 130.45, a new all-time closing high.
   
NDX point leaders: AMZN, AAPL, MDLZ, NVDA, CSCO, GOOG, CMCSA, AMAT, AVGO, GOOGL, ESRX, TSLA and TXN

72 of 100 NDX stocks closed higher on Tuesday.

88 NDX stocks are above their 30 DMA.


NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 4
FOXA, MDLZ, NVDA, VOD

Moving Below 30 DMA = 0

_______________________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: GDXJ,
IBM, DD,
NTES, FB, ATVI, PCAR, SYMC, STX, CMCSA, YHOO, EA, CHKP, WDC,
RCL, CLF, ETFC, STLD, SODA, WFC, NRG, HBAN, STI, NTAP,

One Day Pullback: DE,

Bull Flag Bounces include: AMD, TSLA, VALE, X, NVDA, LRCX, MU, GS, XLY, JD, FLEX, MS, MXIM, CFG, (14)

                  (click image to enlarge)

Horizontal Breakout Setups include: TXN, TMUS, GM, INTC, VIAB, DIS, CAT, HIG,
CSX, GOOGL, MSFT, UPS, XLB, FAST, MCHP, PCLN, NUE, MT, ROST,

Horizontal Breakouts include: WB, AMZN, TXN, AMAT, FLEX, SOXL,

New Highs include: CC, KLAC, BA, SRCL, WIX, AVGO, ADI, GD, COST, MCD, SHOP, DIA, QQQ, SPY, IWM, XLK, XLP, XLI, FAS, BAC, PG, AAPL, JPM, AXP, EBAY, LUV, FLEX, USB, GLW, MMM, SWKS, ADSK, ADBE, MAR

At Support Setups include: HAL, CHK, BHI, CF, TLT,

Support Bounce: CCL, UNH, BABA, HES, LNG, MGM, SQ,

Break of Support: FCX,


_______________________________

Earnings

2016 Q4 EPS
EPS Positive Reactions
NTES, SRCL, NTAP, CSCO, SHPG, WIX, ADI, WYN, SODA, ATVI, CBG, MT, MHK, VIAB, K, CVS, REGN, PRU, WFM, GT, FISV, PNRA, BWLD, MCHP, CTSH, PXD, ORLY, ALK, MDLZ, CDW, TDG, CNC, NOV, EMR, CHD, TSO, ICE, CBOE, ADM, CAH, HAS, SALT,

EPS Negative Reactions
MDLZ, KHC, FOSL, AIG, DVN, KHC, NVDA, CERN, DNB, COTY, MAS, AKAM, GILD, CSRA, ICE, JEC, KORS, FMC, GM, FOXA, NWL, DO, SYY, HBI, FEYE, GPRO, SKYW, CMG, AMZN, HIG, PSX, CME, CRUS, RL, R, FB, QRVO, PBI, D, ADP, UAA, UPS, MA, NUE, XOM, JNPR, SBUX, PYPL, GOOGL, JBLU, F, CAT, WHR, FFIV, LVS, CTXS, QCOM, MUR, FCX, STLD, CA, FCX, HES, STT, AKS, VZ, JNJ, LMT, MMM, TRV, HAL, MCD, GE, NTRS, CSX, C, CMA, MS, UNH, AYI, CMC, STZ, SCHN, RHT, BBBY, FINL, AGN, FDX, GIS, ADBE




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Friday, February 17, 2017

NDX, SPX, DJIA Rally to a New All-time Weekly High Close...KHC, TMUS, CELG, AAPL, GOOGL Lead NDX...


Setups to Watch for Tuesday

                  (click image to enlarge)

Technical Commentary

The broad indexes paused again on Friday before buyers stepped in and pushed the NDX, SPX and DJIA to new all-time closing highs.  Friday’s move was led by consumer staples, technology and consumer discretionary.

Leading Consumer Staple stocks: KHC, CL, KMB, CLX, EL, TAP, STX

                  (click image to enlarge)

Friday was February monthly options expiration day.

Markets are closed Monday for George Washington’s birthday, commonly referred to a President’s Day making a three-day weekend. 

QQQ, SPY = New all-time High  
DIA, IWM = bull flag pull back


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

Breadth weakened as decliners led 1,536 to 1,360 on the NYSE and advancers led 1,633 to 1,157 on the NASDAQ.

Friday – strengthened, advancers led on the Nasdaq, +8 sectors
Thursday – weakened, decliners led, +5
Wednesday – strengthened, advancers led, +6
Tuesday – weakened, advancers led, +7
Monday – weakened, advancers led, +9



QQQ +0.43%, SPY +0.16%, IWM -0.06%, DIA -0.29%,

                  (click image to enlarge)

SPY up .37 at 235.09 on 77.2 million shares, 8% above average volume,
VIX down -.21 at 11.76
TLT up .71 at 120.32…on 7.8 million shares, 15% below average volume

Oil futures were up .27 to close at 53.73 on Friday.  


The SPY MFC green line is pointed up at 98 bullish

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


SPX and NDX Highlights

SPX up 4 points at 2,351.

SPX  gainers KHC, VFC, CL, MNK, SWKS, KMB, TIF, DVA, JWN, EVHC, XRAY, EXR, RSG, COO, CLX, DLTR, MCO, FOSL, BWA, PSA, PVH, DG, SRCL, FSLR, CELG, URBN

QQQ closes up 56 cents at 129.81.
   
NDX point leaders: KHC, TMUS, CELG, AAPL, GOOG, GOOGL, SBUX, AMGN, AVGO, CSX, MSFT, CSCO, AMAT and SWKS

65 of 100 NDX stocks closed higher on Friday.

84 NDX stocks are above their 30 DMA.


NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 5
ESRX, HOLX, INTC, HKC, MU

Moving Below 30 DMA = 2
FOXA, WDC


_______________________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: XLY, GDXJ,
GS, DD,
FB, ATVI, PCAR, SYMC, STX, CMCSA, YHOO, TSLA, MXIM, LRCX, NVDA, MU, EA, CHKP, WDC,
RCL, CLF, ETFC, AMD, STLD, SODA, MS, WFC, VALE, X, NRG, HBAN, STI, CFG,

One Day Pullback: NTES, NTAP, JD, IBM, FLEX,

Bull Flag Bounces include: AMAT, DE, (2)

Horizontal Breakout Setups include: DE, TXN, SOXL, TMUS, GM, INTC, VIAB, DIS, CAT, HIG, WB, AMZN, CSX, GOOGL, MSFT, UPS, XLB, FAST, MCHP, PCLN, NUE, MT, ROST,

                  (click image to enlarge)

Horizontal Breakouts include: SWKS, ADSK,

New Highs include: BA, SRCL, WIX, AVGO, ADI, GD, COST, MCD, SHOP, ADBE, DIA, XLK, XLP, XLI, BAC, PG, AAPL, QQQ, SPY, IWM, FAS, JPM, USB, MAR, IBM, AXP, CC, EBAY, LUV, FLEX, NTES, KLAC, GLW, MMM,

At Support Setups include: CCL, UNH, BABA, HAL, CHK, FCX, HES, LNG, BHI, CF,

Support Bounce: SQ, TMUS, TLT,

Break of Support: MGM, 

_______________________________

Earnings

This week:
Monday
Tuesday – DISCA, ESRX, INCY, TMUS, FOSL, AIG, DVN
Wednesday – ADI, AMAT, CSCO, KHC, LBTYA, MAR, MDLZ, NTES, SODA, WIX, WYN, SRCL, NTAP,
Thursday – ALXN, CHTR, SHPG,
Friday – XRAY


2016 Q4 EPS
EPS Positive Reactions
NTES, SRCL, NTAP, CSCO, SHPG, WIX, ADI, WYN, SODA, ATVI, CBG, MT, MHK, VIAB, K, CVS, REGN, PRU, WFM, GT, FISV, PNRA, BWLD, MCHP, CTSH, PXD, ORLY, ALK, MDLZ, CDW, TDG, CNC, NOV, EMR, CHD, TSO, ICE, CBOE, ADM, CAH, HAS, SALT,

EPS Negative Reactions
MDLZ, KHC, FOSL, AIG, DVN, KHC, NVDA, CERN, DNB, COTY, MAS, AKAM, GILD, CSRA, ICE, JEC, KORS, FMC, GM, FOXA, NWL, DO, SYY, HBI, FEYE, GPRO, SKYW, CMG, AMZN, HIG, PSX, CME, CRUS, RL, R, FB, QRVO, PBI, D, ADP, UAA, UPS, MA, NUE, XOM, JNPR, SBUX, PYPL, GOOGL, JBLU, F, CAT, WHR, FFIV, LVS, CTXS, QCOM, MUR, FCX, STLD, CA, FCX, HES, STT, AKS, VZ, JNJ, LMT, MMM, TRV, HAL, MCD, GE, NTRS, CSX, C, CMA, MS, UNH, AYI, CMC, STZ, SCHN, RHT, BBBY, FINL, AGN, FDX, GIS, ADBE




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Thursday, February 16, 2017

DJIA Inches to New High as NDX, SPX and RUT Pause...NTES, SRCL, NTAP Gap Higher...


Setups to Watch for Friday

 
                   (click image to enlarge)

Technical Commentary

The broad indexes paused on Thursday, led by utilities, real estate and technology.  NTES, SRCL and NTAP gap up, while TRIP gaps down on earnings reactions.

Friday is monthly options expiration.

Markets are closed Monday for George Washington’s birthday, commonly referred to a President’s Day making a three-day weekend.  Often volume will slow on Friday before a long weekend as traders take off early to get a jump on the weekend.

DIA = New High


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

Breadth weakened as decliners led 1,671 to 1,256 on the NYSE and led 1,572 to 1,229 on the NASDAQ.

Thursday – weakened, decliners led, +5
Wednesday – strengthened, advancers led, +6 sectors
Tuesday – weakened, advancers led, +7
Monday – weakened, advancers led, +9
Friday – strengthened, advancers led, +10


DIA +0.05%, QQQ -0.03%, SPY -0.09%, IWM -0.28%,

SPY down -.20 at 234.72 on 82.3 million shares, 16% above average volume,
VIX down -.21 at 11.76
TLT up .65 at 119.61…on 10.0 million shares, 6% above average volume

Oil futures were up .46 to close at 53.44 on Thursday.  


The SPY MFC green line is pointed up at 97 bullish

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


SPX and NDX Highlights

SPX down 2 points at 2,347.

SPX  gainers SRCL, NTAP, IFF, FOSL, ETR, DUK, CSCO, AIG, LH, NI, DO, HCP, EXR, KMB, HUM, WBA, PSA, ALLE, SRE, STZ, NEM, VTR, PLD, DPS, LUK, CLX, PEP

QQQ closes down 4 cents at 129.25.
   
NDX point leaders: CSCO, NTES, GOOG, INTC, WBA, GOOGL, AVGO, FB, AMZN GILD, QCOM and TXN

46 of 100 NDX stocks closed higher on Thursday.

81 NDX stocks are above their 30 DMA.


NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
CA, MNST,

Moving Below 30 DMA = 5
EXPE, KHC, MDLZ, NVDA, TRIP,


_______________________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include:
FB, ATVI, CHKP, TSLA, MXIM, AMAT, LRCX, NVDA, MU, WDC, PCAR,
DE, SYMC, VALE, X, AMD, STLD,

One Day Pullback: SODA, XLY, MS, GS, WFC, RCL, CLF, ETFC,

Bull Flag Bounces include: GDXJ, TXN (2)

Horizontal Breakout Setups include: NRG, EA, GM, INTC, VIAB, DIS, HBAN, DD, CAT, SWKS, ADSK, CMCSA, HIG, WB, AMZN, CSX, GOOGL, CCL, MSFT, UPS, XLB, FAST, SOXL, MCHP, PCLN, NUE, MT, UNH, YHOO, ROST,

Horizontal Breakouts include: NTES, BA, KLAC, SRCL, NTAP

                  (click image to enlarge)

New Highs include: NTES, WIX, GLW, AVGO, MMM, ADI, GD, COST, MCD, JD, SHOP, ADBE, DIA, XLK, XLP, XLI, BAC, PG, AAPL, QQQ, SPY, IWM, FAS, JPM, STI, USB, MAR, IBM, AXP, STX, COST, CC, EBAY, LUV, FLEX, CFG,

At Support Setups include: BABA, HAL, CHK, FCX, HES, LNG, BHI,

Support Bounce: TMUS, TLT,

Break of Support: MGM, CF, SQ,


_______________________________

Earnings

This week:
Monday
Tuesday – DISCA, ESRX, INCY, TMUS, FOSL, AIG, DVN
Wednesday – ADI, AMAT, CSCO, KHC, LBTYA, MAR, MDLZ, NTES, SODA, WIX, WYN, SRCL, NTAP,
Thursday – ALXN, CHTR, SHPG,
Friday – XRAY



2016 Q4 EPS
EPS Positive Reactions
NTES, SRCL, NTAP, CSCO, SHPG, WIX, ADI, WYN, SODA, ATVI, CBG, MT, MHK, VIAB, K, CVS, REGN, PRU, WFM, GT, FISV, PNRA, BWLD, MCHP, CTSH, PXD, ORLY, ALK, MDLZ, CDW, TDG, CNC, NOV, EMR, CHD, TSO, ICE, CBOE, ADM, CAH, HAS, SALT,

EPS Negative Reactions
MDLZ, KHC, FOSL, AIG, DVN, KHC, NVDA, CERN, DNB, COTY, MAS, AKAM, GILD, CSRA, ICE, JEC, KORS, FMC, GM, FOXA, NWL, DO, SYY, HBI, FEYE, GPRO, SKYW, CMG, AMZN, HIG, PSX, CME, CRUS, RL, R, FB, QRVO, PBI, D, ADP, UAA, UPS, MA, NUE, XOM, JNPR, SBUX, PYPL, GOOGL, JBLU, F, CAT, WHR, FFIV, LVS, CTXS, QCOM, MUR, FCX, STLD, CA, FCX, HES, STT, AKS, VZ, JNJ, LMT, MMM, TRV, HAL, MCD, GE, NTRS, CSX, C, CMA, MS, UNH, AYI, CMC, STZ, SCHN, RHT, BBBY, FINL, AGN, FDX, GIS, ADBE




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