Two of nine sectors moved higher on Thursday…XLB, XLE, and XLE were
the strongest sectors…XLU was the
weakest sector.
Breadth strengthened slightly …decliners led advancers…1.39 to
1 on the NYSE and 1.09 to
1 on the NASDAQ…where advancers led decliners…
Thursday
– strengthened, mixed
Wednesday – weakened,
decliners led
Tuesday – weakened,
advancers led
Monday – weakened,
advancers led
Friday – strengthened,
advancers led
SPY
down .48 at 165.45…volume 210.8 million shares
VIX
up .25 at 14.07…
TNX
down .03 at 20.23…
TLT
up .55 at 116.64...
XLF
down .12 at 19.71…volume 59.8 million shares
AAPL
up .79 at 442.14…volume 12.6 million shares
FB
down .10 at 25.06…volume 37.6 million shares
Technical Commentary:
IWM + 0.12%, QQQ – 0.23%, SPY – 0.29% and
DIA – 0.05%.
Futures continued to drop
Wednesday night and stocks opened lower on Thursday found support at overnight
lows and rallied with many individual stocks like WDC, STX and TSLA with gains
on Thursday.
The SPY, IWM, QQQ and DIA
all formed bull flag patterns on Thursday.
Sectors XLB, XLE, XLF, XLI, XLK, XLP, XLV and XLY formed bull
flag patterns. XLU is a MACD
bullish divergence setup.
DLTR +1.82 gained following earnings before the open on Thursday.
HPQ +3.63, +17.10% gapped up
and soared on Thursday following earnings after the close on Wednesday.
P +1.40, +8.16% in
after-hours trading following earnings after the close on Thursday.
SHLD -7.17, -12.33% and CRM
-2.70, -5.91% crushed
in after-hours trading following earnings after the close on Thursday.
Many stocks and ETFs are in bull
flag setups positioning for possible reentry.
See Bull Flag Setups below.
AAPL +78 cents and
GOOG gained while PCLN, AMZN, BIDU and NFLX moved lower in in
bull flag patterns.
GILD formed a
potential low day in a bull flag pattern.
TSLA +5.49 formed a bullish engulfing pattern on day xix of
a bull flag setup.
The Euro moved up 78 pips to
1.2930. TNX interest rates
near unchanged as TLT bonds +55 cents formed a hammer candle.
Trade what you see on the chart of your position. The intermediate term trend is up with short-term trend neutral. Traders should lock in profits when targets
are reached. As always look
for re-entry according to your rules.
Thursday was a re-entry day on stocks like TSLA and many others are
setup for potential entry on Friday.
Chart Signals Strategy Guidelines
Technical setups for
short-term option trades be in and out by earnings release.
Over earnings release use earnings option strategies such as straddles, strangles, OTM calls
or puts.
After earnings look for
bullish setups in positive reaction stocks and bearish setups in negative
reaction stocks.
EPS Reaction Summary
EPS Gainers – HPQ, P,
NTAP, AZO, MDT, CSCO,
A, MCP, WCRX, NVDA, PCLN, GMCR, GRPN, TSLA, EA, DVA,
WFM, CTSH, DTV, LBTYA, AIG, ADP, CBOE, REGN, FB, BZH, EXPD, GM,
MDC, STX, V, YELP, ICE, JRCC, VIAB, CMCSA, DDD, AVP, HLF, CERN,
CVX, DHI, TWC, ANGI, AKAM, ALXN, ALTR, BIIB, COG, CLF, CROX, DOW, ESI,
FFIV, HOG, LRCX, LVS, MO, PHM, RCL, SIAL, XLNX, BA, BRCM, GLW, HES, DAL,
COH, DD, NFLX, ILMN, VECO, LCC, RF, ZION, TRV, LMT, CAT, CHKP, HAL, HAS,
CMG, GOOG, KMB, STI, MSFT, BTU, PEP, UNP, VZ, MAT, AXP, JNJ, INTC, KO, C, APOL
EPS Losers – DISH,
XRAY, ATVI, RAX, MNST, Z, LNKD, TPX, ZAGG, CTRX,
GRMN, MRK, SWI, AMZN, BIDU, CRUS, DECK, EXPE, HSY, KLAC, MXIM, QCOM,
PTEN, ABC, MMM, AMGN, T, JNPR, PNRA, VMW, GE, IBM, ISRG, MCD, MS,
PM, UNH, SNDK, EBAY, BAC, USB, GS, LLTC
Key Earnings this week:
CRM, GME, HPQ, P, NTAP, ROST, SHLD,
The Market Forecast Green Line is
in the Upper Zone.
____________________
Setups
H Breakout: BBBY, FAST,
SIRI, CNX,
Diagonal Breakout: AMGN,
CTSH, DELL, GLD,
Bull Flag: AKAM, AMAT, BIDU, BRCM, CELG, CMCSA, DTV, EBAY, FFIV,
GOOG, GRMN, MSFT, NVDA, ORCL, PCLN, QCOM, SNDK, ATI, BAC, CIEN, CRM, DDD, FAS,
FIVE, FSLR, GLW, GMCR, JNPR, NFLX, NTES, RCL, SINA, STI, YELP, ZION,
Potential Bullish Divergence: XLU, AMGN
Gap Up: P
Gap Down: CRM, SHLD
Bear Flag:
At Support: ADSK, FB,
ALK, ANGI, LNKD, Z,
Moves
New Highs: ESRX, MU,
MYL, STX, WDC, P,
Gap Up: HPQ
Gap Down: SBUX, WYNN,
YHOO, LVS,
H&D Breakout:
Bounce: TSLA, UAL,
MACD Divergence Bounce:
Bear Flag:
Support Break: ADBE,
______________________
42 of 100 NDX stocks closed higher
on Thursday…one was unchanged…
Leading NDX 100 stocks included: EXPD, MU, DLTR, WDC, GOLD, STX,
BBBY, ISRG, ATVI, NVDA, FAST, AMGN, WFM, EXPE
Lagging NDX stocks included:
REGN, SYMC, WYNN, QCOM, YHOO, AVGO, MDLZ, CTSH, CHKP, EQIX, MSFT
Leading stocks > +2% on Thursday included: TSLA, UAL, HLF, SSYS
Lagging stocks < -2.0% included: CRUS, GMCR, CLF, AKS, MCP, URE, CSTR, FCX,
RVBD, DECK, CHL, ESI
Stocks to Watch on Friday
Holding Above 30 DMA= 75
ADP, GILD, BIIB, MAT, PAYX, YHOO,
SBAC, MSFT, SRC, REGN, LIFE, ROST, WYNN, INTC, DTV, NWSA, SBUX, VRTX, WFM,
COST, WDC, AKAM, AMAT, GOOG, NVDA, SIAL, SIRI, STX, BMC, BRCM, CA, ALXN, ESRX,
ORLY, PCAR, XLNX, CERN, AAPL, FOSL, KLAC, LINTA, CHKP, ORCL, SHLD, VIAB, VMED,
LBTYA, CELG, EXPD, GRMN, LLTC, MYL, PCLN, ADI, MU, NTAP, SPLS, ALTR, BIDU,
HSIC, FISV, SNDK, AVGO, FFIV, ATVI, CSCO, FAST, MNST, DISCA, BBBY, CHRW, MDLZ, DLTR, EBAY,
GOLD
Moving Above 30 DMA = 3
DLTR, EBAY, GOLD
Moving Below 30 DMA = 3
QCOM, TXN, LBTYA
Staying Below 30 DMA
AMZN, CMCSA, CTXS, MCHP, VOD,
XRAY, EQIX, VRSK, STRZA, PRGO, ADSK, ADBE, AMGN, EXPE, SYMC, MXIM, FB, ISRG,
CTRX, NUAN, CTSH, DELL, INTU
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral
