Thursday, July 21, 2016

SPY, QQQ, DIA, IWM Pause...EBAY, BIIB, QCOM Gain on EPS...INTC, TSCO Drop on EPS...After-hours: AMD Gains...SWKS Falls...

Two of nine sectors moved higher on ThursdayXLU, XLV and XLY were the strongest sectors while XLI was the weakest sector.  Oil futures fell 1.12 to close at 44.54.

Breadth weakened as decliners led 1,719 to 1,254 on the NYSE and led 1,599 to 964 on the NASDAQ.

Thursday – weakened, decliners led, +2
Wednesday – strengthened, advancers led, +6
Tuesday – weakened, decliners led, +2
Monday – strengthened, advancers led, +7
Friday – weakened, advancers led, +2

SPY down .82 at 216.26 on 67.5 million shares, 35% below average volume
VIX up .97 at 12.74
TLT up .28 at 138.56…on 10.3 million shares, 12% above average volume


Technical Commentary:
QQQ -0.23%, SPY -0.38%, DIA -0.43%, IWM -0.47%,

SPY, DIA, XLI, XLY, XLP, XLU, XLY near all-time high bull flag
XLV new YTD high close
QQQ, IWM, XLB, XLE, XLF bull flag

SPY, DIA, QQQ and IWM pulled back on Thursday.  DIA slumped with 24 stocks moving lower with weakest stocks INTC, AXP, NKE, GS, HD and BA.  Just six stocks rose MCD, CAT, DD, PFE, JNJ and MRK.

SPY volume was again light on Thursday.   

Consider moving up stops on short term bullish trades that could pull back.  All according to your profit protection rules.


Remember breakouts typically test about 70% of the time.


Earnings Reactions
EBAY +2.94, +10.89%
URI +6.39, +9.15%
BIIB +20.04, +7.64%
QCOM +4.11, +7.36%
INTC -1.42, -3.98%
TSCO -3.39, -3.64%
NUE -1.77, -3.27%

After-hours
AMD +0.59, +2.09%
SWKS -3.33, -4.70% 


Earning’s Announcements:
Positive Reactions: EBAY, BIIB, QCOM, AMD
Negative Reactions: INTC, TSCO, SWKS


Technical analysis based trades should be closed before earnings. After-hours

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:  AA, X, EQR, ATI, NEM, SYK, O, KIM, AES, MNST, GPRO, SCHN, AAL, ADI, AMAT, COST, INTC, LMT, AMBA, MSFT, JD, ESRX, TMUS, OKE, NKE, CCI, AWK, BCR, AIV, MDLZ, CMCSA, EA, NEE, SWN, KHC, WDC, CA, INTU, NI, PNW, CF, EIX, RIG, NFX, ATVI, MAT, NCLH, PAYX, DVN, CINF, CVX, NKE,
VRSK, NUE, STLD, PCLN, FISV, ADP, TRIP, CCL, ORLY, CSX,

Bull Flag Bounces include: MAR, CMS, VIAB, FOSL, WEC,

Horizontal Breakout Setups include: SPG, FB, NVDA, LRCX, NXPI, TSLA, PYPL, NTES, DLTR, AKAM, VTR, NTAP, CNP, BMRN, UNH, SE, ADSK, CTXS, UDR, SBUX, EW, N, AMZN, IRM, RCL,

Horizontal Breakout include:  BXP, CBG, KMX,

New Highs include: EBAY, URI, KMX, QCOM, BIIB, GGP, HCN, STX, GPS, JNJ, CBL, REGN, ROST, CSCO, EXPE, TXN, ULTA, CPA, MAC, DHI, CERN, MLM,



______________________


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


The SPY MFC green line is in the upper zone at 95, bullish.

27 of 100 NDX stocks closed higher on Thursday.

88 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1
DISH

Moving Below 30 DMA = 4
CHKP, EA, TSCO, WBA

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

Wednesday, July 20, 2016

SPY, DIA Another All-time New High...MSFT Leads DIA, SPY, QQQ Higher After EPS...

Six of nine sectors moved higher on WednesdayXLK, XLV and XLY were the strongest sectors while XLU was the weakest sector.  Oil futures rosel .21 to close at 45.66.

Breadth strengthened as advancers led 1,997 to 983 on the NYSE and led 1,753 to 839 on the NASDAQ.

Wednesday – strengthened, advancers led, +6
Tuesday – weakened, decliners led, +2
Monday – strengthened, advancers led, +7
Friday – weakened, advancers led, +2
Thursday – strengthened, advancers led, +7

SPY up .90 at 217.09 on 58.1 million shares, 44% below average volume
VIX down .20 at 11.77
TLT down .76 at 138.28…on 6.9 million shares, 24% below average volume


Technical Commentary:
QQQ +1.17%, IWM +0.65%, SPY +0.41%, DIA +0.19%,


SPY, DIA, XLI, XLY new all-time high close
QQQ, IWM, XLV new YTD high close
XLB near 52-week close high bull flag
XLE, XLF bull flag
XLK new 15-year high close
XLP, XLU near all-time high bull flag
XLY near all-time high bull flag

SPY and DIA made a new closing high on Wednesday. DIA was led by gains in MSFT, CSCO, INTC, IBM, V, AXP, UTX and HD.

SPY volume was again light on Wednesday.   

Consider moving up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

Remember breakouts typically test about 70% of the time.

Earnings Reactions
MSFT +2.82, +5.31%
ISRG +31.15, +4.64%
CTAS +9.43, +9.68%
MS +0.59, +2.09%


Earning’s Announcements:
Positive Reactions: MSFT, CTAS, ISRG, MS,
Negative Reactions:


Technical analysis based trades should be closed before earnings. After-hours

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:  AA, X, ESRX, TMUS, EQR, NEM, OKE, MAR, NKE, CMS, VIAB, FOSL, CCI, AWK, BCR, SYK, DLR, AIV, O, KIM, MDLZ, CMCSA, EA, NEE, SWN, KHC, WDC, CA, INTU, NI, PNW, CF, EIX, WEC, RIG, NFX, ATVI, MAT, NCLH, PAYX, GPRO, DVN, CINF, CVX, NKE, AES, VRSK, NUE, SCHN, STLD, ATI

Bull Flag Bounces include:  AMZN, PCLN, SBUX, EW, PYPL, IRM, MNST, SPG, FISV, ADP, N, TRIP, CCL, RCL, ORLY, CSX, URI, KMX,

Horizontal Breakout Setups include: PYPL, BXP, NTES, DLTR, AKAM, VTR, NTAP, CNP, BIIB, BMRN, UNH, SE, ADSK, CTXS, CBG, UDR,

Horizontal Breakout include:  NVDA, LRCX, NXPI, STX, SWKS, TSLA, JD, QCOM, REGN,


New Highs include: FB, ROST, AAL, ADI, AMAT, COST, CSCO, EXPE, INTC, TXN, ULTA, CBL, CPA, LMT, MAC, JNJ, GGP, DHI, AMBA, GPS, CERN, MLM, HCNM MSFT,

______________________



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


The SPY MFC green line is in the upper zone at 96, bullish.

85 of 100 NDX stocks closed higher and three were unchanged on Wednesday.

91 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 5
ALXN, CHKP, NXPI, VRTX, WBA

Moving Below 30 DMA = 0


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

Tuesday, July 19, 2016

DIA New All-time High as SPY Pauses on Light Volume...VMW Soars and NFLX Craters after EPS...

Two of nine sectors moved higher on TuesdayXLI, XLF and XLP were the strongest sectors while XLB was the weakest sector.  Oil futures fell .46 to close at 45.45.


Breadth weakened as decliners led 1,718 to 1,247 on the NYSE and led 1,658 to 913 on the NASDAQ.

Tuesday – weakened, decliners led, +2
Monday – strengthened, advancers led, +7
Friday – weakened, advancers led, +2
Thursday – strengthened, advancers led, +7
Wednesday – weakened, decliners led, +5


SPY down .22 at 216.19 on 54.3 million shares, 48% below average volume
VIX down .47 at 11.97
TLT up .78 at 139.04…on 8.0 million shares, 11% below average volume


Technical Commentary:
DIA +0.18%, SPY -0.10%, QQQ -0.36%, IWM -0.50%,

DIA was the only broad index ETF to make a new closing highs on Tuesday. DIA was led by gains in MCD +2.18%, JNJ +1.71%, UNH +1.31% and BA +0.92% with 15 Dow stocks rising and two unchanged.

SPY, IWM, XLE, XLF, XLI, XLP, XLU, XLV, XLY are each in a bull flag price pattern.  Get a bounce follow your rules.  The trend is up.

SPY volume was again light on Tuesday which is bullish on a pullback in an uptrend.    

Consider moving up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

Remember breakouts typically test about 70% of the time.

MSFT +4.24%, ISRG +6.86% and CTAS +3.67% where higher in after-hours trading following positive earnings reactions after the close.

Earnings Reactions
VMW +5.66, +9.05%
BRO +1.51, +4.21%
IEX +2.69, +3.19%
CMA +1.06, +2.42%
EMC +0.57, +2.07%
KSU +1.80, +1.88%
JNJ +2.11, +1.71%
UNH +1.84, +1.31%

NFLX -12.97, -13.13%
GWW -11.07, -4.84%
STLD -1.13, -4.04%
RF -0.28, -3.06%

Earning’s Announcements:
Positive Reactions: VMW, EMC, JNJ, CMA, KSU, BRO, IEX, UNH
Negative Reactions: NFLX, GWW, RF,


Technical analysis based trades should be closed before earnings. After-hours

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:  MAR, AMZN, NKE, EW, CMS, VIAB, PYPL, FOSL, CCI,  AWK, BCR, IRM, SYK, MNST, SPG, DLR, AIV, O, KIM, FISV,ADP, MDLZ, CMCSA, EA, NEE, SWN, KHC, WDC, CA, INTU, NI, PNW, CF, TRIP, CCL, RCL, ORLY, EIX, WEC, RIG, NFX, ATVI, CSX, MAT, NCLH, PAYX, GPRO, DVN, CINF, URI, CVX, NKE, PCLN, SBUX, AES, MSFT, VRSK, AA, X, NUE, SCHN, STLD, ATI, KMX

Bull Flag Bounces include:  NVDA, EQR, UDR,


Horizontal Breakout Setups include: NVDA, EQR, LRCX, NTES, NXPI, STX, DLTR, SWKS, AKAM, TSLA, JD, QCOM, VTR, NTAP, CNP, BIIB, REGN, BMRN, NEM, UNH, SE, ADSK, CTXS, TMUS, OKE, CBG,

Horizontal Breakout include:  FB, ROST, BXP, HCN,


New Highs include: FB, ROST, AAL, ADI, AMAT, COST, CSCO, ESRX, EXPE, INTC, TMUS, TXN, ULTA, CBL, CPA, LMT, MAC, JNJ, GGP, DHI, AMBA, GPS, CERN, MLM,

______________________


Remember:  “It’s a market of stocks, not just a stock market.”

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


The SPY MFC green line is in the upper zone at 95.9, bullish.

28 of 100 NDX stocks closed higher and three were unchanged on Tuesday.

86 NDX stocks are above their 30 DMA.

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

Moving Below 30 DMA = 5
BIDU, CHKP, NFLX, VRTX, WBA,


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

Monday, July 18, 2016

SPX Makes Another New All-time Closing High...Week Two Earnings Season BAC, VMW Wins...HAS, NFLX Loses...

Seven of nine sectors moved higher and one was unchanged on MondayXLK, XLB and XLY were the strongest sectors while XLP was the weakest sector.  Oil futures fell .37 to close at 45.91.


Breadth strengthened as advancers led 1,904 to 1,091 on the NYSE and led 1,390 to 1,190 on the NASDAQ.

Monday – strengthened, advancers led, +7
Friday – weakened, advancers led, +2
Thursday – strengthened, advancers led, +7
Wednesday – weakened, decliners led, +5
Tuesday – strengthened, advancers led, +7


SPY up .58 at 216.40 on 58.7 million shares, 44% below average volume
VIX down .23 at 12.44
TLT down .13 at 138.26…on 5.9 million shares, 35% below average volume


Technical Commentary:
QQQ +0.66%, SPY +0.27%, IWM +0.17%, DIA +0.11%,

All four broad index ETFs made new closing highs on Monday.

DIA new all-time high close
SPY new all-time high close
QQQ new YTD high close
IWM new YTD high close
XLB new 52-week close high
XLE new YTD high close
XLF bull flag
XLI near all-time high bull flag
XLK new 15-year high close
XLP near all-time high bull flag
XLU near all-time high bull flag
XLV near 9-month high bull flag
XLY near all-time high bull flag

SPY volume was light on Monday which indicates buying pressure was slowing on Monday.  This may be a sign of slow buying in front of many earnings releases this week or buying exhaustion.  Either way, it’s time to consider moving up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

Remember breakouts typically test about 70% of the time.

Monday started Week Two of Earnings Season with winners BAC, VMW, EMC and losers HAS, JBHT, NFLX.

Earnings Reactions
BAC +0.45, +3.29%
HAS -5.68, -6.64%
JBHT -4.00, -4.69%
EMC +0.49, +1.78% After-hours
VMW +5.69, +9.09% After-hours
NFLX -11.84, -11.98% After-hours

Earning’s Announcements:
Positive Reactions: BAC, VMW, EMC

Negative Reactions: HAS, JBHT, NFLX


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:  EA, NTAP, NEE, SWN, AMZN, KHC, MAR, NVDA, WDC, VIAB, CA, INTU, EW, CMS, NI, PNW, CF, TRIP, CCL, RCL, FOSL, ORLY, CMCSA, EQR, O, MDLZ, EIX, WEC, RIG, NFX, UDR, ATVI, CCI, CMS, KIM, ADP, CSX, FISV, MAT, NCLH, PAYX, PYPL, AWK, BCR, DLR, GPRO, IRM, DVN, AIV, CINF, URI, MNST, SPG, SYK, CVX, NKE,

Bull Flag Bounces include:  LRCX, NTES, NXPI, PCLN, STX, DLTR, FB, TSLA, JD, QCOM, VTR, BXP,

 Horizontal Breakout Setups include: LRCX, NTES, NXPI, STX, DLTR, TSLA, JD, QCOM, BXP, CNP, BIIB, REGN, VRTX, BMRN, NEM, SBUX, UNH, HCN, SE, ADSK, CTXS, TMUS, AES, OKE, CBG,

Horizontal Breakout include:  FB, ROST, SWKS, AKAM


New Highs include: AAL, ADI, AMAT, COST, CSCO, ESRX, EXPE, INTC, MSFT, TMUS, TXN, VRSK, ULTA, AA, CBL, CPA, X, NUE, SCHN, STLD, LMT, MAC, JNJ, GGP, DHI, ATI, AMBA, GPS, CERN, MLM, KMX


______________________



Remember:  “It’s a market of stocks, not just a stock market.”

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


The SPY MFC green line is in the upper zone at 96, bullish.

72 of 100 NDX stocks closed higher on Monday.

89 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
BIDU, CHKP

Moving Below 30 DMA = 1
MNST


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