Tuesday, March 31, 2015

Stock Futures Take Step Back In Pre-Market...EURO Continues To Weaken...AAPL & PCLN Received Analyst Upgrade...US Home Prices Hold Steady...

BMO – ES – 10.50…and NQ – 17.00…stock futures point to a LOWER open…

SPY is down 1.09…

XLF is
Euro is down 82 pips…
TLT is up .09…

Quoting Up: CHTR, CMCSA, TSLA, PCLN, WYNN, JCP, RAX,

Quoting Down: XLNX, VRTX, CTSH, TXN, ADBE, WDC, CELG, AMBA, X, SSYS, JUNO, FAS, PANW

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



Monday, March 30, 2015

IWM...SPY...Gaps Up...DJIA Gains 260+ Points...Dollar Gains Against The EURO...CTRX Soars Finishing Up 23.82%...Numerous Bull Flag Bounces...

All nine sectors moved higher on Monday…XLE, XLF and XLI were the strongest sectors and XLV was the weakest.
 
Breadth strengthened as advancers led decliners 2.85 to 1 on the NYSE and 2.10 to 1 on the NASDAQ.

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


SPY up 2.51 at 208.25 on 95.9 million shares
VIX down .56 at 14.51…
TNX up .15 at 19.63…
TLT down .65 at 130.41…
XLF up .35 at 24.28 on 35.2 million shares

AAPL up 3.12 at 126.37 on 46.9 million shares
FB down .10 at 83.19…on 24.5 million shares


Technical Commentary:
QQQ + 1.15%, SPY + 1.22%, IWM + 1.36%, DIA + 1.46%.


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 = 212.24...
QQQ = 108.94
IWM = 126.22…

Support Levels
SPY = 205.86, 203.49...
QQQ = 105.38, 104.44…
IWM = 122.77, 121.22, 119.83...


Earnings this Week
BBRY, CMGE, DGLY, GME, CCL,

Q4 Earnings Reaction
Positive Reactions – DGLY, CTRP, JUNO, KBH, MFRM, NKE, AVGO, CRM, MNST, ROST, ADSK, GOGO, SPWR, ESRX, CMCSA, ANGI, CAR, INTU, JWN, RAX, MAR, NEM, PCLN, Z, TRIP, FEYE, CSCO, NVDA, AKAM, WFM, Z, EEFT, TMH, CTLT, SKX, NTES, WCG, ADP, ATVI, CTSH, FISV, ONNN, ORLY, SIRI, UA, VRSN, AMZN, AAPL, ALXN, BRCM, BX, CAVM, CELG, EA, FB, FSL, GLW, HOG, JNPR, TSCO, TSS, TUP, VIAB, WDC, X, NFLX, ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON, KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL, UNH, UNP, SNX, LLTC, TSM

More than 10% - DGLY, CTRP, JUNO, AVGO, MNST, CRM, SPWR, ANGI, UPL, TRIP, FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN, BIIB, NFLX, FSL, EA, TUP, X

Negative Reactions – YOKU, XONE, JCP, SPLK, LL, LC, HPQ, SCTY, ZU, ZNGA, NTAP, BIDU, TSLA, HSIC, KRFT, SFUN, SOHU, ATML, CHRW, FOXA, GILD, GMCR, SRCL, SYMC, WYNN, QCOM, JDSU, RCL, BABA, PCAR, YHOO, MSFT, STX, VRTX, AAL, ZION, AXP, ALTR, FFIV, IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, WFC,

More than -10% - YOKU, LL, LC, TPX, ZU, ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM, FFIV, KBH,

Reversal in progress – ZNGA, AXP, BIDU, FFIV, GILD, ISRG, JCP, JDSU, JNJ, KLAC, MSFT, NTAP, RCL, SOHU, STX, YHOO

Reversal of Initial Reaction – AA, AAL, ALTR, ATML, C, BAC, CHRW, FOXA, GMCR, HSIC, IBM, JDSU, JPM, KSU, MCD, PCAR, QCOM, SFUN, SRCL, SYMC, STT, TPX, TSLA, WDC, WYNN, VRTX, WFC, XLNX, ZION


The SPX Market Forecast is down at 39.

___________________

Setups
Horizontal Breakout: ETFC, JUNO, XLNX,
Diagonal Breakout: BABA, SCHW, MTW,  
Bull Flag:  
Potential Bullish Divergence:  
Gap Up:          
Gap Down:  
Bear Flag:  
At Support:
C- Pattern:  

Moves
New Highs: AMBA, VRSN, EA,   
H Breakout: NTES, PANW, RCL, CCL,  
D Breakout: CYBR,
Breakout Test:  
Bull Flag Bounce:  
Bounce: AIG, ATI, BAC, BX, C, CIEN, CREE, DGLY, FSLR, IBM, JCP, MFRM, SCSS, SLCA, STI, UBNT, X, Z, ZION, AA, EMC, HOG, JDSU, JNPR, KNDI, LVS, ZU, AAPL, ADSK, CMCSA, DTV, ESRX, GMCR, NFLX, NTAP, PCLN, QCOM, ROST, TSLA, WYNN,  
MACD Divergence Bounce: CAR,  
Gap Up: SPY, IWM, DAL, FAS, MS, NKE, TPX, GLW, AAL,
Gap Down:
C- Pattern:  
Bear Flag:  
Support Break: BBRY, ANGI, YOKU,
______________________


86 out of 100 NDX stocks closed higher on Monday.


Leading NDX 100 stocks included: CTRX, ADI, ESRX, SPLS, TSLA, BRCM, QCOM, VIP, MDLZ, AAPL

Lagging NDX stocks included: ALTR, MYL, INTC, VOD, DISCA, SBAC, LVNTA, YHOO, GILD, AMAT

Leading stocks > +2% on Monday: JUNO, AMBA, DGLY, UPL, FAS, SLCA, UBNT, ATI, X, JCP, MFRM, SCSS, ZION, GPRO, TPX

Lagging stocks < -2.0% included: BBRY, CMGE, CSIQ, QIHU, VXX



Stock Futures Rise...US Consumer Spending Up & Personal Income Up...CTXS Up 24.88% Before The Open...

BMO – ES + 11.25…and NQ + 27.00…stock futures point to a HIGHER open…

SPY is up 1.04…

XLF is up .12…
Euro is down 75 pips…
TLT is down .24…

Quoting Up: CTXS, ADI, VRTX, QCOM, WYNN, REGN, BIDU, SBUX, JUNO, GPRO, QIHU, CTRP, NKE, AMBA

Quoting Down: MYL, LLTC, XLNX, INTC, SBAC, BBBY, GLD

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


Friday, March 27, 2015

ALTR Soars on News of INTC Buyout Talks...SPX Lower for the Week, Higher on Friday, Cruise-lines, Airlines and Semis Jump...

Six of nine sectors moved higher on Friday…XLV, XLP and XLU were the strongest sectors and XLE was the weakest.
 
Breadth strengthened as advancers led decliners on the NYSE and on the NASDAQ.

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


SPY up .47 at 205.74 on 118.9 million shares, 16% above average volume
VIX down .73 at 15.07…
TNX down .59 at 19.48…
TLT up 1.61 at 131.06…bull flag bounce
XLF down .03 at 23.93 on 224.4 million shares, 13% below average volume

AAPL down .99 at 123.25 on 39.5 million shares, 27% below average volume
FB up .29 at 83.30…on 18.3 million shares, 31% below average volume


Technical Commentary:
IWM +0.64%, QQQ +0.40%, SPY +0.23%, DIA +0.19%.

After falling for four days the SPX rallied on Friday as buyers entered near support and buyers aggressively bought semiconductor stocks, cruise line stocks CCL, RCL and NCLH and airline stocks as oil fell.

While SPY, QQQ and DIA are setup for a support bounce, we like the IWM bull flag setup which closed just one cent below an entry signal.

ALTR +9.81, +28.39% soars following news of INTC +1.92, +6.38% buyout talks.  This lifted semiconductor stocks SOX +19.07, +2.83%In addition to ALTR and INTC, SOX leaders included CAVM +7.60%, SWKS +6.22%, XLNX +5.85%, ATML +2.85%, AVGO +2.81%, ASML +2.81%, FSL +2.70% and SUNE +2.53%.

The SPX was led by ALTR, RCL, INTC, SWKS, CCL, XLNX, CAG, KRFT, HRS and EA.

Oil which rose this week in part of new of Saudi airstrikes on Yemen, fell on Friday.  Airline stocks AAL, DAL, UAL, LUV, ALK and SAVE rose on Friday in reaction.  Should oil continue to fall next week, look for airlines to rise.

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 = 212.24...
QQQ = 108.94
IWM = 126.22…

Support Levels
SPY = 205.86, 203.49...
QQQ = 105.38, 104.44…
IWM = 122.77, 121.22, 119.83...


Q4 Earnings Reaction
Positive Reactions – CCL, BBRY, DGLY, CTRP, JUNO, KBH, MFRM, NKE, AVGO, CRM, MNST, ROST, ADSK, GOGO, SPWR, ESRX, CMCSA, ANGI, CAR, INTU, JWN, RAX, MAR, NEM, PCLN, Z, TRIP, FEYE, CSCO, NVDA, AKAM, WFM, Z, EEFT, TMH, CTLT, SKX, NTES, WCG, ADP, ATVI, CTSH, FISV, ONNN, ORLY, SIRI, UA, VRSN, AMZN, AAPL, ALXN, BRCM, BX, CAVM, CELG, EA, FB, FSL, GLW, HOG, JNPR, TSCO, TSS, TUP, VIAB, WDC, X, NFLX, ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON, KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL, UNH, UNP, SNX, LLTC, TSM

More than 10% - DGLY, CTRP, JUNO, AVGO, MNST, CRM, SPWR, ANGI, UPL, TRIP, FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN, BIIB, NFLX, FSL, EA, TUP, X

Negative Reactions – CMGE, GME, YOKU, XONE, JCP, SPLK, LL, LC, HPQ, SCTY, ZU, ZNGA, NTAP, BIDU, TSLA, HSIC, KRFT, SFUN, SOHU, ATML, CHRW, FOXA, GILD, GMCR, SRCL, SYMC, WYNN, QCOM, JDSU, RCL, BABA, PCAR, YHOO, MSFT, STX, VRTX, AAL, ZION, AXP, ALTR, FFIV, IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, WFC,

More than -10% - YOKU, LL, LC, TPX, ZU, ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM, FFIV, KBH,

Reversal in progress – ZNGA, AXP, BIDU, FFIV, GILD, ISRG, JCP, JDSU, JNJ, KLAC, MSFT, NTAP, RCL, SOHU, STX, YHOO

Reversal of Initial Reaction – AA, AAL, ALTR, ATML, C, BAC, CHRW, FOXA, GMCR, HSIC, IBM, JDSU, JPM, KSU, MCD, PCAR, QCOM, SFUN, SRCL, SYMC, STT, TPX, TSLA, WDC, WYNN, VRTX, WFC, XLNX, ZION


The SPX Market Forecast is down at 43.

___________________

Setups
Horizontal Breakout: RCL, CCL, NCLH, GPRO, JD, NTES, PANW, QIHU, SCHW, SLCA, SPLK, TWTR, X, YELP, ZION, CYBR, VRSN, XLNX, YHOO
Diagonal Breakout: TRIP
Bull Flag: IWM, SPY, NKE, FB, RAX, AMBA, BBY, CRM, CSIQ, EXPE, FAS, IBM, JASO, MBLY, SCSS, SWI, TPX,TSL, VSLR, TAN, ZNGA, CMGE, DGLY, AKAM, COST, MYL, SBUX
Potential Bullish Divergence: CREE, FEYE, UBNT, V, Z, ADSK, AMZN, EBAY, MSFT, MU, NFLX, PCLN, QCOM, STX, WDC

Moves
H Breakout: INTC, ALTR
Bull Flag Bounce: ETFC, JUNO, SUNE, SWKS, UA, RCL, AAL, EA
MACD Divergence Bounce: TXN, XLNX
Gap Up: CCL, RCL, YHOO
______________________


66 out of 100 NDX stocks closed higher and one was unchanged Friday.


Leading NDX 100 stocks included: ALTR, INTC, XLNX, KRFT, EA, AVGO, AAL, ALXN, NXPI, ADI

Lagging NDX stocks included: TSLA, SNDK, STX, NTAP, GOOG, VIP, WDC, CHTR, NFLX, AAPL

Leading stocks > +2% on Friday: RCL, SWKS, JUNO, PANW, YELP, AMBA, SUNE, VSLR, NTES

Lagging stocks < -2.0% included: SSYS, CIEN


Stocks to Watch on Monday
Holding Above 30 DMA = 25
MNST, NXPI, BIIB, DLTR, COST, EXPD, ROST, AKAM, AVGO, INTU, LVNTA, SRCL, REGN, MYL, CERN, FB, SBUX, AAL, AMGN, SIAL, YHOO, CTXS, KRFT, CTSH, ORLY

Moving Above 30 DMA = 7
ADI, ALTR, BBBY, EA, EQIX, VRSK, XLNX

Moving Below 30 DMA = 1
GOOG

Staying Below 30 DMA
FAST, SPLS, VIP, ALXN, ATVI, BIDU, CA, CELG, CHKP, CHRW, CHTR, DISCA, EBAY, FISV, FOXA, HSIC, LMCA, MAR, MSFT, PAYX, PCAR, SBAC, SIRI, SNDK, TRIP, TSCO, TSLA, TXN, VRTX, AAPL, BRCM, CMCSA, ESRX, ISRG, KLAC, LBTYA, LLTC, NVDA, PCLN, VIAB, XLNX, ADBE, ADP, AMZN, GILD, ILMN, ADSK, AMAT, GMCR, QCOM, CSCO, DISH, DTV, LRCX, NTAP, WFM, MDLZ,NFLX, WDC, MU, STX, CTRX, SYMC, VOD, WYNN, GRMN, MAT

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

Stock Futures Set For Weak Opening...Ahead of Yellen Comments Set For Today...BBRY Releases Q4...BBRY Up 6.34%...

BMO – ES – 4.00…and NQ – 10.50…stock futures point to a LOWER open…

SPY is down .06…

XLF is down .02…
Euro is down 10 pips…
TLT is up .63…

Quoting Up: BBRY, DGLY, SWKS, GOGO, GPRO, TWTR, STX, NXPI, YHOO, AMGN, DLTR

Quoting Down: GME, MBLY, RCL, JUNO, AMBA, UNG, SCSS, TSLA, REGN


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

Thursday, March 26, 2015

Stocks Down...Fourth Straight Day...More Support Breaks...More Bull Flags...

Two out of nine sectors moved higher on Thursday…XLB, XLK and XLF were the strongest sectors and XLU was the weakest.
 
Breadth strengthened as decliners led advancers 1.53 to 1 on the NYSE and 1.21 to 1 on the NASDAQ.

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


SPY down .49 at 205.27 on 153 million shares, above average volume
VIX up .36 at 15.80…
TNX up .87 at 20.07…
TLT down 2.05 at 129.45…
XLF down .02 at 23.96 on 32.6 million shares

AAPL up .86 at 124.24 on 47.5 million shares
FB up .09 at 83.01…on 32.7 million shares, above average volume


Technical Commentary:
IWM – 0.12%, SPY – 0.24%, DIA – 0.25%, QQQ – 0.34%.


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 = 212.24...
QQQ = 108.94
IWM = 126.22…

Support Levels
SPY = 205.86, 203.49...
QQQ = 105.38, 104.44…
IWM = 122.77, 121.22, 119.83...


Earnings this Week
BBRY, CMGE, DGLY, GME, CCL,

Q4 Earnings Reaction
Positive Reactions – DGLY, CTRP, JUNO, KBH, MFRM, NKE, AVGO, CRM, MNST, ROST, ADSK, GOGO, SPWR, ESRX, CMCSA, ANGI, CAR, INTU, JWN, RAX, MAR, NEM, PCLN, Z, TRIP, FEYE, CSCO, NVDA, AKAM, WFM, Z, EEFT, TMH, CTLT, SKX, NTES, WCG, ADP, ATVI, CTSH, FISV, ONNN, ORLY, SIRI, UA, VRSN, AMZN, AAPL, ALXN, BRCM, BX, CAVM, CELG, EA, FB, FSL, GLW, HOG, JNPR, TSCO, TSS, TUP, VIAB, WDC, X, NFLX, ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON, KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL, UNH, UNP, SNX, LLTC, TSM

More than 10% - DGLY, CTRP, JUNO, AVGO, MNST, CRM, SPWR, ANGI, UPL, TRIP, FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN, BIIB, NFLX, FSL, EA, TUP, X

Negative Reactions – YOKU, XONE, JCP, SPLK, LL, LC, HPQ, SCTY, ZU, ZNGA, NTAP, BIDU, TSLA, HSIC, KRFT, SFUN, SOHU, ATML, CHRW, FOXA, GILD, GMCR, SRCL, SYMC, WYNN, QCOM, JDSU, RCL, BABA, PCAR, YHOO, MSFT, STX, VRTX, AAL, ZION, AXP, ALTR, FFIV, IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, WFC,

More than -10% - YOKU, LL, LC, TPX, ZU, ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM, FFIV, KBH,

Reversal in progress – ZNGA, AXP, BIDU, FFIV, GILD, ISRG, JCP, JDSU, JNJ, KLAC, MSFT, NTAP, RCL, SOHU, STX, YHOO

Reversal of Initial Reaction – AA, AAL, ALTR, ATML, C, BAC, CHRW, FOXA, GMCR, HSIC, IBM, JDSU, JPM, KSU, MCD, PCAR, QCOM, SFUN, SRCL, SYMC, STT, TPX, TSLA, WDC, WYNN, VRTX, WFC, XLNX, ZION


The SPX Market Forecast is down at 55.

___________________

Setups
Horizontal Breakout:
Diagonal Breakout:
Bull Flag: CSIQ, EXPE, IBM, JASO, LOCO, MFRM, SCSS, SUNE, TPX, TSL, TWTR, UA, VSLR, TAN, VRSN, FB, ROST, SBUX,  
Potential Bullish Divergence: 
Gap Up:          
Gap Down:  
Bear Flag:  
At Support: GME, RCL, CAR, EMC, ESI, HPQ, NFLX, STX,   
C- Pattern:  

Moves
New Highs:  
H Breakout:  
D Breakout: VJET,
Breakout Test:  
Bull Flag Bounce
Bounce: PANW, AKAM, MAR,    
MACD Divergence Bounce: SPLK, INTC, MU, XLNX,  
Gap Up
Gap Down: CREE, SWKS, JNPR, AAL, COST, LRCX, SNDK,  
C- Pattern:  
Bear Flag:  
Support Break: AIG, AMBA, BBY, BX, C, DAL, FSLR, GOGO, LNKD, SPWR, STI, UBNT, ZION, GLW, KNDI, SINA, UAL, ADSK, AVGO, CELG, GRMN, PCLN, WDC,   
______________________


33 out of 100 NDX stocks closed higher on Thursday.


Leading NDX 100 stocks included: CTSH, KRFT, GILD, WFM, MYL, ORLY, CHKP, MAR, CTXS, SIRI

Lagging NDX stocks included: SNDK, VIP, GMCR, SPLS, NXPI, LRCX, MDLZ, TSLA, DISCA, WYNN, BBBY

Leading stocks > +2% on Thursday: GPRO, PANW

Lagging stocks < -2.0% included: CMGE, JCP, CREE, TPX, VSLR, UPL, DGLY, SWKS, BBY, GME, UNG, UBNT, LOCO, CTRP, CSCC


Stocks to Watch on Friday
Holding Above 30 DMA = 24
MNST, NXPI, BIIB, DLTR, COST, GOOG, EXPD, ROST, AKAM, AVGO, INTU, LVNTA, SRCL, REGN, MYL, CERN, FB, SBUX, AAL, AMGN, SIAL, YHOO, CTXS, KRFT

Moving Above 30 DMA = 2
CTSH, ORLY

Moving Below 30 DMA = 3
FAST, SPLS, VIP

Staying Below 30 DMA
ADI, ALXN, ATVI, BIDU, CA, CELG, CHKP, CHRW, CHTR, DISCA, EA,EBAY, EQIX, FISV, FOXA, HSIC, LMCA, MAR, MSFT, PAYX, PCAR, SBAC, SIRI, SNDK, TRIP, TSCO, TSLA, TXN,VRSK, VRTX, AAPL, ALTR, BRCM, CMCSA, ESRX, ISRG, KLAC, LBTYA, LLTC, NVDA, PCLN, VIAB, XLNX, ADBE, ADP, AMZN, GILD, ILMN, ADSK, AMAT, GMCR, BBBY, QCOM, CSCO, DISH, DTV, LRCX, NTAP, WFM, MDLZ,NFLX, WDC, MU, STX, CTRX, SYMC, VOD, WYNN, GRMN, INTC, MAT

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




Jobless Claims Drop 8K...Stocks Futures Continue To Sell-Off...SCHW & AAPL Upgraded...

BMO – ES – 8.00…and NQ – 29.25…stock futures point to a LOWER open…

SPY is down .83…

XLF is down .18…
Euro is unchanged…
TLT is down .40…

Quoting Up: VXX, GPRO, GLD,

Quoting Down: CMGE, JUNO, MBLY,SWKS, AMBA, DAL, LOCO, UBNT,


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