Wednesday, July 1, 2015

Stocks Finish Higher...Dollar Rises Against EURO After ADP Report...Private Sectors Jobs Beats Estimates...Up 225K...Bounces & Bull Flag Bounces Take Flight...

Eight sectors moved higher on Wednesday…one moved lowerXLF, XPY and XLY were the strongest sectors and XLE was the weakest sector.
 
Breadth strengthened as advancers led decliners 1.62 to 1 on the NYSE and 1.14 to 1 on the NASDAQ.

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


SPY up 1.65 at 207.50 on 135.8 million shares
VIX down 2.14 at 16.09…
TNX up .83 at 24.18…
TLT down 1.84 at 115.62…
XLF up .37 at 24.75 on 42.5 million shares


Technical Commentary:
IWM +0.30%, QQQ +0.79%, SPY +0.80%, DIA +0.90%.


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 = 206.72, 208.02, 209.16...
QQQ = 108.01, 108.86
IWM = 126.60, 127.50…

Support Levels
SPY = 205.76, 204.22...
QQQ = 106.55, 105.75…
IWM = 123.94, 122.52...


The SPX Market Forecast is pointed down at 26.

___________________

Setups
Horizontal Breakout: MBLY, ILMN, TSLA,
Diagonal Breakout: CTRP, FEYE, JD, SFUN, TASR, DAVE, SCSS, AKAM, PCLN,
Bull Flag: ADBE,  
Potential Bullish Divergence:
Gap Up
Gap Down:
Bear Flag:  
At Support: GLNG, OCN, SONC, SSYS,
C- Pattern

Moves
New Highs: TPX, CMCSA,
H Breakout: CMGE,  
D Breakout: W,
Breakout Test:  
Bull Flag Bounce: AIG, CCL, GME, JCP, NCLH, NKE, UBNT, DTV, EA, FB,
MACD Divergence Bounce: BX, HPQ, SUM, V, COST,
Bounce: SPY, QQQ, BAC, C, CIEN, CRM, ETFC, FAS, HABT, IBM, JNPR, SCHW, SEDG, STI, SVXY, UA, BBY, ESI, SWI, VRSN, EBAY, MYL, ROST, WBA,
Gap Up: MS, TPX, LVS, VRSN, CELG, WYNN,
Gap Down:
C- Pattern:   
Bear Flag:  
Support Break: DAL, ANGI, ZU, AAL,

______________________

Watch List Stocks
Leading stocks > +2% on Wednesday: SVXY, FAS, CIEN, TBT, GME, TPX, MBLY, JCP, JUNO
                                                       
Lagging stocks < -2.0% included: SHOP, VXX, SLCA, CSIA, VSLR, YY, SINA, KNDI, YOKU, JD, SOHU, TWTR, CTRP, SCTY


79 of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: WYNN, KRFT, CMCSA, MYL, MAT, EA, ORLY, VRTX, ATVI, CELG

Lagging NDX stocks included: SNDK, AAL, GMCR, CTXS, GILD, INTC, REGN, LVNTA, NXPI, MU


NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 8
HSIC, MAT, ROST, VRTX, WYNN, KRFT, CHTR TSCO
  
Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

Stock Futures Rally...Investors Eyeing Glimmer Of Hope For Greek Debt...CB Rockets After ACE Takeover Offer...CB Rises 32.53% Before The Open...

BMO – ES + 16.75…and NQ + 37.25…stock futures point to a HIGHER open…

SPY is …up 1.76…

XLF is up .36…
Euro is down 50 pips…
TLT is down 1.46…

Quoting Up: WYNN, VIP, NVDA, SPLS, NXPI, TSLA, CELG, GLNG, SVXY, FAS, JUNO, TBT, CSIQ, AMBA

Quoting Down: VXX, TLT, EXPE, CSCO,


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


Tuesday, June 30, 2015

SPX, NDX Modest Rally Following Monday's Selloff...SPY, QQQ, IWM, DIA Form Bullish Harami...

Seven of nine sectors moved higher on TuesdayXLE, XLY and XLF were the strongest sectors and XLU was the weakest sector.
 
Breadth strengthened as advancers led decliners 1.54 to 1 on the NYSE and 1.64 to 1 on the NASDAQ.

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


SPY up .43 at 205.85 on 182.9 million shares, 79% above average volume
VIX down .62 at 18.23…
TNX up .04 at 23.35…
TLT down .82 at 117.46…
XLF up .09 at 24.38 on 62.8 million shares, 101% above average volume

AAPL up .90 at 125.42 on 44.3 million shares, 10% above average volume
FB down .04 at 85.77 on 23.2 million shares, 6% above average volume
  
Technical Commentary:
IWM +0.47%, QQQ +0.36%, SPY +0.21%, DIA +0.10%.

Buyers returned to stocks on Tuesday after the strong selloff on Monday following news that Greek debt talks had broken down creating a high level of uncertainty in financial markets.  AAPL, TWTR, TASR, FEYE, SPLK, SWKS and AMBA bounced to upside on the last day of  June.  TASR, FEYE, SPLK and AMBA closed higher for the month of June.

SPY, QQQ, IWM and DIA each formed a bullish harami candle pattern.
                   (click image to enlarge)

SPY, QQQ and DIA finished lower for the month of June and IWM closed higher for the month.  Six months June 30, YTD return:  IWM +4.7%, QQQ +4.17%, SPY +1.09%, DIA +0.04%
                   (click image to enlarge)

Sectors XLB, XLF, XLI, XLK, XLV and XLY also formed a bullish harami candle pattern.
                   (click image to enlarge)


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 = 206.72, 208.02, 209.16...
QQQ = 108.01, 108.86
IWM = 126.60, 127.50…

Support Levels
SPY = 205.76, 204.22...
QQQ = 106.55, 105.75…
IWM = 123.94, 122.52... 


The SPX Market Forecast is pointed down at 32.

___________________

Setups
Horizontal Breakout: TWTR
Diagonal Breakout: SBUX, WBA, AXTA, BAC, C, CIEN, CYBR, ETFC, GPRO, JASO, JD, KNDI, MS, NTES, OCN, SEDG, SFUN, SHAK, SLCA, SOHU, STI,  
Bull Flag: IWM, ADBE, AMZN, CELG, CMCSA, DTV, EA, ESRX, FB, GILD, ILMN, MNST, TRIP, AIG, AMBA, ASNA, CCL, FEYE, GIMO, GLNG, GME, KKD, MBLY, NCLH, NKE, PANW, QIHU, RCL, SHOP, SINA, SPLK, SWKS, TASR, TPX, UA, UBNT, W,
Potential Bullish Divergence: QQQ, AAPL, AKAM, COST, EBAY, INTC, TXN, YHOO, BABA, BX, CTRP, HABT, SCTY, SUM, SUNE, TBT, VSLR, YELP
At Support: SONC, X, ZION

Moves
D Breakout: NFLX,
Bull Flag Bounce: TSLA
Bounce: PCLN, WYNN, YOKU, YY, TWTR
Gap Up: JUNO 

______________________

Watch List Stocks
Leading stocks > +2% on Tuesday: JUNO, SHOP, KNDI, TWTR, TASR, JD, SFUN, GOGO, NTES, CTRP, YOKU, YY, KWEB, GIMO, FEYE, RCL, W, SPLK, EXPE, ETFC, SWKS
                                                       
Lagging stocks < -2.0% included: ATI


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

Leading NDX 100 stocks included: WYNN, PCLN, TSLA, ILMN, BIIB, NFLX, CHKP, ALXN, TRIP, EBAY

Lagging NDX stocks included: WDC, SNDK, STX, ATVI, ADP, MAT, BIDU, ADSK, MSFT, WFM, COST


NDX Stocks to Watch on Wednesday
Moving Above 30 DMA = 3
AMZN, BIIB, GILD
  
Moving Below 30 DMA = 2
KRFT, TSCO


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

Stock Futures Set To Rebound After Yesterday's Selloff...While Investors Keep An Eye On Greek Debt Crisis...JUNO Soars In Pre-Market...JUNO Up 33.37%...

BMO – ES + 15.25…and NQ +24.50…stock futures point to a HIGHER open…

SPY is …up 1.55…

XLF is up .20…
Euro is down 20 pips…
TLT is down .58…

Quoting Up: JUNO, SFUN, SVXY, SINA, YY, FAS, SEDG, YOKU, XLNX, NVDA, NXPI, TSLA, BIIB, VRTX, BIDU, CTSH, EBAY

Quoting Down: VXX, GLD, CTXS, MAR


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



Monday, June 29, 2015

Stocks Slide Into Red...Largest Drop Of 2015...S&P Turns Negative For 2015...DJIA Closes Down 348 Points...99 Out of NDX 100 Finish Down...Greek Debt Drama Concerns Investors...

All nine sectors moved lower on MondayXLU, XLP and XLE were the strongest sectors and XLV was the weakest sector.
 
Breadth weakened on the NYSE as decliners led advancers 10.15 to 1 on the NYSE and 6.63 to 1 on the NASDAQ.

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


SPY down 4.40 at 205.42 on 202.5 million shares, double average volume
VIX up 4.83 at 18.85…
TNX down 1.45 at 23.31…
TLT up 3.05 at 118.28…
XLF down .60 at 24.29 on 42.9 million shares

AAPL down 2.22 at 124.53 on 49.1 million shares
FB down 2.21 at 85.80 on 35.9 million shares


Technical Commentary:
IWM -2.53%, QQQ -2.36%, SPY -2.10%, DIA -1.95%.


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 = 212.67, 213.78...
QQQ = 110.81, 111.16
IWM = 128.99, 131.36…

Support Levels
SPY = 208.62, 206.76...
QQQ = 108.63, 106.80…
IWM = 126.54, 123.94...


The SPX Market Forecast is pointed down at 47.

___________________

Setups
Horizontal Breakout:
Diagonal Breakout:  
Bull Flag: ASNA, GLNG, MBLY, TPX, UBNT, W, DTV, EA, FB, GILD, ILMN, NFLX, TSLA,
Potential Bullish Divergence:  
Gap Up
Gap Down:
Bear Flag:  
At Support: IWM, AIG, BX, CYBR, KNDI, OCN, SEDG, SUM, ZION, ANGI, SWI, VRSN, XONE, ZU, EBAY, GOOGL, LRCX, WFM,
C- Pattern

Moves
New Highs:  
H Breakout
D Breakout: VXX,
Breakout Test:  
Bull Flag Bounce:  
MACD Divergence Bounce: SLCA, WLT,   
Bounce: TLT, VXX,
Gap Up: VXX,  
Gap Down: C, CCL, FAS, KWEB, MS, SONC, STI, SVXY, LNKD, MAR,
C- Pattern:   
Bear Flag:  
Support Break: QQQ, ATI, BAC, CRM, CTRP, ETFC, GOGO, SCHW, SCTY, SPWR, SWKS, TSL, V, VSLR, YELP, BBY, EMC, FSLR, GLW, LVS, TAN, ZNGA, AAPL, AKAM, COST, GRMN, INTC, MSFT, TXN, WYNN, YHOO,

______________________

Watch List Stocks
Leading stocks > +2% on Monday: VXX, TLT
                                                       
Lagging stocks < -2.0% included: SVXY, VSLR, GOGO, FAS, SEDG, SHOP, TSL, KNDI, CYBR, TASR, OCN, TBT, SUNE, CSIQ, GIMO


1 of 100 NDX stocks closed higher on Friday.

Leading NDX 100 stocks included: CTRX

Lagging NDX stocks included: MU, SPLS, CTSH, AAL, AMGN, SIRI, LVNTA, VRTX, MAT, ALXN


NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 0

  
Moving Below 30 DMA = 22
AMZN, BBBY, BIIB, DISCA, EBAY, FAST, GILD, GRMN, HSIC, ISRG,LBTYA, LRCS, MAT, PCAR, REGN, ROST, SBAC, SIRI, VOD, VRSK, VRTX, WBA


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



Greece Teethers...Greek Worries Weigh In On Investors...Dow Futures Slide 200 Points Before The Open...Futures Down...

BMO – ES – 21.50…and NQ – 54.50…stock futures point to a LOWER open…

SPY is …down 1.88…

XLF is down .28…
Euro is down 46 pips…
TLT is up 2.40…

Quoting Up: VXX, KLAC, LBTYA, CIEN, TLT, SOHU, GLD

Quoting Down: AVGO, MU, GMCR, AAL, SNDK, VRTX, QCOM, NXPI, NFLX, SVXY, JNPR, YOKU, CSIQ, SONC, CYBR



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

Friday, June 26, 2015

NKE Jumps and Runs Up...MU Gaps Lower Leads Semis and NDX Down...Financials Stronger...

Six of nine sectors moved higher on FridayXLU, XLY and XLE were the strongest sectors and XLK was the weakest sector.
 
Breadth strengthened on the NYSE as decliners led advancers 1.31 to 1 on the NYSE and 1.42 to 1 on the NASDAQ.

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


SPY down .04 at 209.82 on 104 million shares, 10% above average volume
VIX up .01 at 14.02…
TNX up .83 at 24.76…
TLT down 1.31 at 115.23…
XLF up .08 at 24.89 on 24.9 million shares, 13% below average volume

AAPL down .75 at 126.75 on 44 million shares, 9% above average volume
FB up .03 at 88.01 on 38.2 million shares, 77% above average volume


Technical Commentary:
IWM -0.27%, QQQ -0.66%, SPY -0.02%, DIA +0.27%

MU -4.35, -18.15 fell on a negative earnings reaction after missing earnings estimates by 2 cents.  MU price target was lowered by several analysts including JPM, Raymond James, Pacific Crest, WFC and Wedbush

Led by the sellof in MU, SOX -17.47, -2.44% fell as INTC, AVGO, NXPI, NVDA, SNDK and XLNX were among the largest NDX losers on Friday.

Financials were among the stronger sectors on Friday and along with XLU, XLY and XLE kept the SPY near unchanged.

NKE +4.48, +4.27% gained on a positive earnings reaction and helped the DJIA in to positive gains on Friday.

Bull flags are waving during this week’s pullback.


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 = 212.67, 213.78...
QQQ = 110.81, 111.16
IWM = 128.99, 131.36…

Support Levels
SPY = 208.62, 206.76...
QQQ = 108.63, 106.80…
IWM = 126.54, 123.94...


The SPX Market Forecast is pointed down at 63.

___________________

Setups
Horizontal Breakout: ESRX, EXPE, GOGO, JCP, SCHW, TBT, ZION
Diagonal Breakout: EBAY, TASR,
Bull Flag: IWM, SPY, QQQ, ADBE, AMZN, CELG, FB, GILD, GOOGL, GRMN, ILMN, ROST, TRIP, WBA, AIG, AMBA, ASNA, BAC, CIEN, CRM, CYBR, ETFC, FAS, FEYE, GLNG, GME, KKD, PANW, QIHU, RCL, SEDG, SFUN, SHAK, SINA, SPLK, STI, SUNE, SVXY, SWKS, UBNT,
Potential Bullish Divergence: AKAM, BX
At Support: COST, MAR, MYL, TXN, YHOO, C, GPRO, MS, SONC, SPWR, SUM, TLT, TSL  

Moves
New Highs: CMCSA, SBUX, CCL, TPX
Bull Flag Bounce: UA, W
Gap Up: NKE,
Gap Down: MU, INTC, BABA
Support Break: ADSK, AVGO, CSIQ, LC, SOHU,

______________________

Watch List Stocks
Leading stocks > +2% on Friday: NKE
                                                       
Lagging stocks < -2.0% included: YOKU, CSIQ, SOHU, SFUN, YY, CYBR, FEYE, LC, JUNO, GPRO, SINA, TSL, QIHU, MBLY, AMBA, UNG, CIEN, SPLK, SWKS, SPWR, SHAK, BABA, P, GOGO, HPQ, Z, X


32 of 100 NDX stocks closed higher on Friday.

Leading NDX 100 stocks included: BBBY, CHTR, MNST, DLTR, MAT, SBUX, ROST

Lagging NDX stocks included: MU, INTC, AVGO, YHOO, ADSK, NXPI, NVDA, BIDU, SNDK, XLNX, NFLX

NDX Stocks to Watch on Friday
Moving Above 30 DMA = 4
BBBY, ISRG, PCAR, SIRI
  
Moving Below 30 DMA = 6
ADI, AMAT, ATVI, AVGO, BIDU, BRCM

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