Tuesday, November 25, 2014

DIA, QQQ Inch to New Highs on Light Volume Pre-holiday Trading...Financials, Semiconductors Flat as FB, GPRO, X Gain...

Five of nine sectors moved higher and XLU was unchanged on Tuesday…XLY, XLI and XLV were the strongest sectors while XLE was the weakest.
 
Breadth weakened as advancers led decliners…1.15 to 1 on the NYSE and decliners led advancers 1.03 to 1 on the NASDAQ


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


SPY down .15 at 207.11 on 78.9 million shares, below average volume
VIX down .37 at 12.25…
TNX down .50 at 22.60…
TLT up 1.00 at 121.20...
XLF down .02 at 24.35 on 23.4 million shares

AAPL down 1.02 at 118.60 on 68.7 million shares
FB up 1.62 at 75.63…on 32.2 million shares, below average volume

Technical Commentary:
QQQ +0.15%, DIA + 0.09%, IWM +0.08%, SPY -0.07%.

While the DIA and QQQ inched to new highs, indexes on Tuesday were near on changed on light volume heading into the Thanksgiving Day weekend.  Financials XLF and semiconductors SOX were both near unchanged adding to the narrow trading range on Tuesday.

The SPX which finished slightly lower was led by gains in PLL +3.50%, CMCSA +2.92%, URI +2.83%, TWC +2.82% and NEM +2.82%. PLL rose on a positive earnings reaction, CMCSA rose following positive analyst comments, URI gained on continued strong buying, TWC rose after news of HBO distribution agreement in China and NEM gain following Monday’s pull back after announcing $100 million prepayment of debt.

PANW +6.93, +6.12% gains on positive earnings reaction.

FB +1.62, +2.19% following a report that Facebook at Work could be launched in January and will compete directly against LNKD, MSFT’s OneDrive and GOOG’s Drive.

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 = 207.33, 209.06, 210.49...
QQQ = 103.37, 106.94
IWM = 117.48, 118.25, 119.37, 121.27…

Support Levels
SPY = 205.71, 203.13, 201.90...
QQQ = 102.42, 101.38, 100.56
IWM = 115.04, 114.37, 113.35...

Q3 Earnings Reactions
Positive Reactions – PANW, ADSK, JASO, ROST, SPLK, GOGO, RAX, NTES, XONE, YOKU, VJET, BABA, MNST, WFM, ABC, ACI, AMGN, BIDU, BWLD, CBOE, CLF, CLX, CNX, EA, ESRX, EQIX, EXPE, FISV, GLW, GPRO, GRPN, GT, HSY, JCI, JDSU, LNKD, LVLT, MA, MAR, MO, MTW, MYL, PCAR, FE, SCHN, STX, SWI, SWKS, TASR, V, WY, X, WHR,  AAPL, ALK, ALXN, APOL, BMY, BRCM, CAT, CELG, CERN, CHKP, CMCSA, CNI, EMC, EW, GD, HAL, HAS, HOG, ILMN, IM, KLAC, KMB, LLY, LRCX, LXK, MMM, MXIM, MSFT, N, ORLY, PG, RMD, STLD, STT, SWK, TRV, TSCO, TXN, UNP, VRSN, WOOF, YHOO, YNDX, 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% - GOGO, RAX, WFM, GPRO, GPRN, LNKD, BWLD, SWI, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – CRM, JD, MBLY, SINA, YY, SWKS, FEYE, FSLR, PCLN, QCOM, TRIP, SCTY, SSYS, SUNE, UBNT, Z, ZU, AEM, CHRW, COH, FB, GRMN, KRFT, MDC, MRK, NEM, PNRA, RGR, SLCA, TPX, TWTR, ALTR, AMZN, BA, BTU, CMG, CREE, DECK, DNKN, DOW, EAT, F, GM, IBM, JNPR, KO, LMT, LUV, NDAQ, P, UA, VMW, XRX, YELP, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,

More than -10% - GME, CSIQ, FSLR, UBNT, ZU, AEM, P, TPX,

Reversal in progress – P, PCLN, TPX, NFLX, COH, GRMN, KO, MDC, VMW,

Reversal of Initial Reaction – AMZN, FEYE, SWKS, Z, BA, BAC, CHRW, CMG, COF, CREE, DECK, DNKN, DOW, EAT, EBAY, F, GM, GOOGL, INTC, JNJ, JNPR, JPM, KEY, LMT, LUV, MAT, NDAQ, UA, WFC, XRX, ADBE, ALTR, ALTR, AXP, AZO, BTU, K, KKD, KRFT, MRK, PNRA,

The SPY Market Forecast is at 97.

___________________

Setups







Moves







______________________


53 of 100 NDX stocks closed higher on Tuesday.


Leading NDX 100 stocks included: CMCSA, LMCK, FOXA, CHTR, FB, ADI, ATVI, SBAC, PCLN, EXPD

Lagging NDX stocks included: GRMN, VIP, NFLX, ILMN, CERN, WYNN, SPLS, TSCO, ORLY, AMGN

Leading stocks > +2% on Tuesday: QIHU, PANW, UNG, GPRO, X, TSL, MFRM, CAR, AAL, CRM

Lagging stocks < -2.0% included: CTRP, DGLY, YOKU, ANGI, SFUN, CMGE, P


Stocks to Watch on Wednesday
Holding Above 30 DMA= 90
ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, ORLY, TSCO, VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, HSIC, ILMN, KRFT, MAR, PCAR, SPLS, SYMC, TXN, BRCM, YHOO, CA, CERN, CHKP, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK,  KLAC, LMCA, MDLZ, MSFT, VRSK, AMAT, LMCK, MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC, AKAM, BIIB, CTRX, DISH, EQIX, SIRI, ADI, ALTR, CSCO, DTV, EBAY, EXPE, FAST, INTC, LLTC, MAT, MXIM, SNDK, FOXA, QCOM, TSLA, PCLN, SIAL, AMZN, CHTR, VIAB, ATVI, CTXS, DISCA

Moving Above 30 DMA = 1
GOOG

Moving Below 30 DMA = 0
VIP                                                        
                                                                                       
Staying Below 30 DMA
GMCR, WYNN, BIIB, GILD, QCOM, TRIP, FB, NFLX

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

GDP Expands Faster Than Previously Reported In 3Q...Stocks Futures Rise Again Before The Open...Set To Open Higher...

BMO – ES + 3.25…and NQ + 9.25…stock futures point to a HIGHER open in pre-market…

SPY is up .41…

XLF is …up .04…
Euro is down 21 pips…
TLT is …up .21…

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

Quoting Up: NXPI, AAPL, CMCSA, GMCR, YHOO, TSLA, QIHU, WLT, SPLK, SWKS, SCTY, PANW, YY, GPRO


Quoting Down: NFLX, INTC, P, DGLY, LNKD, YELP 

Monday, November 24, 2014

Stocks Rally Again...To Set Another New Record High For S&P 500 And DJIA...Making New Highs...FAS, PANW,RCL, SWKS, AAPL, CELG, FFIV...

Six out of nine sectors moved higher on Monday…XLY, XLF and XLB were the strongest sectors while XLU was the weakest.
 
Breadth weakened slightly on the NYSE as advancers led decliners…1.66 to 1 on the NYSE and strengthened 2.44 to 1 on the NASDAQ


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


SPY up .59 at 207.27 on 65.5 million shares, below average volume
VIX down .28 at 12.62…
TNX down .05 at 23.10…
TLT up .10 at 120.20...
XLF up .17 at 24.38 on 18.5 million shares

AAPL up 2.12 at 118.59 on 46.8 million shares
FB up .15 at 73.90…on 22 million shares, below average volume

Technical Commentary:
DIA + 0.06%, SPY + 0.59%, QQQ + 0.78%, IWM + 1.20%.



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 = 207.33, 209.06, 210.49...
QQQ = 103.37, 106.94
IWM = 117.48, 118.25, 119.37, 121.27…

Support Levels
SPY = 203.13, 201.90, 200.06...
QQQ = 102.42, 101.38, 100.56
IWM = 115.04, 114.37, 113.35...



Q3 Earnings Reactions
Positive Reactions – ADSK, JASO, ROST, SPLK, GOGO, RAX, NTES, XONE, YOKU, VJET, BABA, MNST, WFM, ABC, ACI, AMGN, BIDU, BWLD, CBOE, CLF, CLX, CNX, EA, ESRX, EQIX, EXPE, FISV, GLW, GPRO, GRPN, GT, HSY, JCI, JDSU, LNKD, LVLT, MA, MAR, MO, MTW, MYL, PCAR, FE, SCHN, STX, SWI, SWKS, TASR, V, WY, X, WHR,  AAPL, ALK, ALXN, APOL, BMY, BRCM, CAT, CELG, CERN, CHKP, CMCSA, CNI, EMC, EW, GD, HAL, HAS, HOG, ILMN, IM, KLAC, KMB, LLY, LRCX, LXK, MMM, MXIM, MSFT, N, ORLY, PG, RMD, STLD, STT, SWK, TRV, TSCO, TXN, UNP, VRSN, WOOF, YHOO, YNDX, 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% - GOGO, RAX, WFM, GPRO, GPRN, LNKD, BWLD, SWI, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – CRM, JD, MBLY, SINA, YY, SWKS, FEYE, FSLR, PCLN, QCOM, TRIP, SCTY, SSYS, SUNE, UBNT, Z, ZU, AEM, CHRW, COH, FB, GRMN, KRFT, MDC, MRK, NEM, PNRA, RGR, SLCA, TPX, TWTR, ALTR, AMZN, BA, BTU, CMG, CREE, DECK, DNKN, DOW, EAT, F, GM, IBM, JNPR, KO, LMT, LUV, NDAQ, P, UA, VMW, XRX, YELP, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,

More than -10% - GME, CSIQ, FSLR, UBNT, ZU, AEM, P, TPX,

Reversal in progress – P, PCLN, TPX, NFLX, COH, GRMN, KO, MDC, VMW,

Reversal of Initial Reaction – AMZN, FEYE, SWKS, Z, BA, BAC, CHRW, CMG, COF, CREE, DECK, DNKN, DOW, EAT, EBAY, F, GM, GOOGL, INTC, JNJ, JNPR, JPM, KEY, LMT, LUV, MAT, NDAQ, UA, WFC, XRX, ADBE, ALTR, ALTR, AXP, AZO, BTU, K, KKD, KRFT, MRK, PNRA,

The SPY Market Forecast is at 97.

___________________

Setups
Horizontal Breakout: BAC, CIEN, ETFC, GLW, HPQ, IWM, JDSU, KKD, LVS, MS, SCSS, STI, WLT, ZION, JCP, AKAM, ILMN, MAR, SNDK, XLNX,
Diagonal Breakout: DGLY, FEYE, MBLY, SCTY, SPWR, TPX, ANR, CMCSA, GOOGL,    
Bull Flag: AAL, DAL, EMC, MFRM, UAL, Z,
Potential Bullish Divergence:  
Gap Up:   
Gap Down:   
Bear Flag:  
At Support:     
C- Pattern

Moves
New Highs: FAS, PANW, RCL, SWKS, AAPL, CELG, FFIV,    
H Breakout: AIG, BX, C, FAS, MU,     
D Breakout: DDD,       
Breakout Test: 
Bull Flag Bounce:    
Bounce: SSYS,    
MACD Divergence Bounce:    
Gap Up:
Gap Down: UNG,  
C- Pattern:  
Bear Flag:  
Support Break:    

______________________


82 of 100 NDX stocks closed higher on Monday.

Leading NDX 100 stocks included: ILMN, DISH, KLAC, CELG, CHTR, DISCA, VRTX, SNDK, INTC, BBBY, AAPL, SYMC

Lagging NDX stocks included: GMCR, ADSK, NFLX, VOD, DTV

Leading stocks > +2% on Monday: DGLY, ANGI, SCTY, MBLY, YY, LOCO, AMBA, WLT, BABA, CREE, GPRO, XONE, SWKS


Lagging stocks < -2.0% included: TSL, CMGE, UNG


Stocks to Watch on Tuesday
Holding Above 30 DMA= 90
ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, ORLY, TSCO, VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, HSIC, ILMN, KRFT, MAR, PCAR, SPLS, SYMC, TXN, BRCM, YHOO, CA, CERN, CHKP, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK,  KLAC, LMCA, MDLZ, MSFT, VRSK, AMAT, LMCK, MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC, AKAM, BIIB, CTRX, DISH, EQIX, SIRI, ADI, ALTR, CSCO, DTV, EBAY, EXPE, FAST, INTC, LLTC, MAT, MXIM, SNDK, FOXA, QCOM, TSLA, PCLN, SIAL, AMZN, CHTR, VIAB, ATVI, CTXS, VIP

Moving Above 30 DMA = 1
DISCA                                                                                                                                                            

Moving Below 30 DMA = 0                                                           
                                                                                       
Staying Below 30 DMA
GMCR, WYNN, BIIB, GILD, GOOG, QCOM, TRIP, FB, NFLX

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











Hanging Onto The Coat-Tails Of Last Week's Gains...Stock Futures Set To Open Higher For This Short Week Of Trading...

BMO – ES + 5.50…and NQ + 14.75…stock futures point to a HIGHER open in pre-market…

SPY is up .59…

XLF is …up .08…
Euro is up 25 pips…
TLT is …down .40…

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

Quoting Up: TSLA, AMZN, AAPL, SFUN, SCTY, SCIQ, WLT, KNDI, MBLY, PANW, CTRP, AA, SPWR, YNDX, SUNE


Quoting Down: TSL, UNG, CRM, JD, RAX, TLT 

Friday, November 21, 2014

SPX, Dow All-time Closing High...ROST, ADSK, CAT, MU, SPLK Gain...GME Gaps Lower...

All nine sectors moved higher on Friday…XLE, XLB and XLI were the strongest sectors while XLK was the weakest.
 
Breadth strengthened on the NYSE as advancers led decliners…1.96 to 1 on the NYSE and 1.13 to 1 on the NASDAQ


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


SPY up .06 at 206.74 on 142.3 million shares, above average volume
VIX down .68 at 12.90…
TNX down .20 at 23.15…
TLT up .27 at 120.37...
XLF down .01 at 24.20 on 20.3 million shares

AAPL down .14 at 116.33 on 57.1 million shares
FB down .04 at 73.71…on 23 million shares, below average volume

Technical Commentary:
SPY + 0.54%, DIA +0.51%, QQQ + 0.19%, IWM +0.12%.

Futures rose Thursday night and stocks gapped open on Friday morning following a Chinese announcement of lower interest rates and ECB announcing purchases of asset-backed securities.  The SPX and Dow again closed at new all-time highs after pulling back from their opening gap.

ROST +7.32%, ADSK +6.06%, ATI +5.83%, CAT +4.27% and STJ +3.94% led gainers in the SPX on Friday.  ROST, ADSK gapped higher after positive earnings, ATI is a reversal horizontal resistance breakout, while CAT and STJ gapped higher following positive analyst comments.

The Euro continued its downtrend by falling back to its support low of the past two weeks.  Will this double support area ultimately form a double bottom in the Euro?  One clue is the potential MACD Histogram bullish divergence that is currently forming.

GME -5.68, -13.05% gapped lower and SPLK +1.99, +3.06% gapped higher on Friday following earning announcements after the close on Thursday.

MU +1.09, +3.08% was the third strongest NDX 100 stock on Friday and is an intermediate term horizontal resistance breakout setup with a four-month chart target of $43.38 following positive comments from Nomura indicating that MU was trading at a “sizable” discount.


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 = 207.33, 209.06, 210.49...
QQQ = 103.37, 106.94
IWM = 117.48, 118.25, 119.37, 121.27…

Support Levels
SPY = 203.13, 201.90, 200.06...
QQQ = 102.42, 101.38, 100.56
IWM = 115.04, 114.37, 113.35...



Q3 Earnings Reactions
Positive Reactions – ADSK, JASO, ROST, SPLK, GOGO, RAX, NTES, XONE, YOKU, VJET, BABA, MNST, WFM, ABC, ACI, AMGN, BIDU, BWLD, CBOE, CLF, CLX, CNX, EA, ESRX, EQIX, EXPE, FISV, GLW, GPRO, GRPN, GT, HSY, JCI, JDSU, LNKD, LVLT, MA, MAR, MO, MTW, MYL, PCAR, FE, SCHN, STX, SWI, SWKS, TASR, V, WY, X, WHR,  AAPL, ALK, ALXN, APOL, BMY, BRCM, CAT, CELG, CERN, CHKP, CMCSA, CNI, EMC, EW, GD, HAL, HAS, HOG, ILMN, IM, KLAC, KMB, LLY, LRCX, LXK, MMM, MXIM, MSFT, N, ORLY, PG, RMD, STLD, STT, SWK, TRV, TSCO, TXN, UNP, VRSN, WOOF, YHOO, YNDX, 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% - GOGO, RAX, WFM, GPRO, GPRN, LNKD, BWLD, SWI, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – CRM, JD, MBLY, SINA, YY, SWKS, FEYE, FSLR, PCLN, QCOM, TRIP, SCTY, SSYS, SUNE, UBNT, Z, ZU, AEM, CHRW, COH, FB, GRMN, KRFT, MDC, MRK, NEM, PNRA, RGR, SLCA, TPX, TWTR, ALTR, AMZN, BA, BTU, CMG, CREE, DECK, DNKN, DOW, EAT, F, GM, IBM, JNPR, KO, LMT, LUV, NDAQ, P, UA, VMW, XRX, YELP, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,

More than -10% - GME, CSIQ, FSLR, UBNT, ZU, AEM, P, TPX,

Reversal in progress – P, PCLN, TPX, NFLX, COH, GRMN, KO, MDC, VMW,

Reversal of Initial Reaction – AMZN, FEYE, SWKS, Z, BA, BAC, CHRW, CMG, COF, CREE, DECK, DNKN, DOW, EAT, EBAY, F, GM, GOOGL, INTC, JNJ, JNPR, JPM, KEY, LMT, LUV, MAT, NDAQ, UA, WFC, XRX, ADBE, ALTR, ALTR, AXP, AZO, BTU, K, KKD, KRFT, MRK, PNRA,

The SPY Market Forecast is at 98.

___________________

Setups
Horizontal Breakout: C, CIEN, CREE, CTRP, ETFC, FAS, HPQ, IWM, JDSU, KKD, LVS, MTW, SCSS, SFUN, STI, TSL, WLT, JNPR, AKAM, CELG, DTV, SNDK, WFM, XLNX,
Diagonal Breakout: DGLY, SCTY, SPWR, YNDX, UPL, CMCSA,    
Bull Flag: DAL, MFRM, UAL, Z, MAR,

Moves
New Highs: TXN, NTES, ESRX, SBUX   
H Breakout: GLW, MU, V,    
D Breakout: MS
Bull Flag Bounce: BAC, FEYE, MTW, ZION, ADBE,   
Bounce: BBRY, QIHU, SOHU, ZU, BIDU,   
Gap Up: ROST, ADSK, SPLK, CAT, SPY, AA, ATI, CIEN, SFUN, SUNE, ESRX, SBUX,
Gap Down: GME
Support Break: VJET  

______________________


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

Leading NDX 100 stocks included: ROST, ADSK, MU, VIP, BIDU, CTSH, DISH, SBUX, CA, LBTYA

Lagging NDX stocks included: TSLA, NFLX, EXPE, GMCR, MSFT, VRTX, INTC, LVNTA, STX, ALXN

Leading stocks > +2% on Friday: SFUN, ATI, TSL, SUNDE, SPLK, ZU, JASO, QIHU, SCTY, FEYE, RWLK, NTES

Lagging stocks < -2.0% included: GME


Stocks to Watch on Monday
Holding Above 30 DMA= 89
ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, ORLY, TSCO, VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, HSIC, ILMN, KRFT, MAR, PCAR, SPLS, SYMC, TXN, BRCM, YHOO, CA, CERN, CHKP, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK,  KLAC, LMCA, MDLZ, MSFT, VRSK, AMAT, LMCK, MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC, AKAM, BIIB, CTRX, DISH, EQIX, SIRI, ADI, ALTR, CSCO, DTV, EBAY, EXPE, FAST, INTC, LLTC, MAT, MXIM, SNDK, FOXA, QCOM, TSLA, PCLN, SIAL, AMZN, CHTR, VIAB, ATVI, CTXS

Moving Above 30 DMA = 1
VIP                                                                                                                                        

Moving Below 30 DMA = 0
                                                           
                                                                                       
Staying Below 30 DMA
GMCR, WYNN, BIIB, GILD, GOOG, QCOM, TRIP, DISCA, FB, NFLX

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