Saturday, April 29, 2017

QQQ, XLK, FB, AMZN, GOOGL, WDC Make New All-time Closing Highs...SPX, DIA Pause at Resistance...IWM Bull Flag...



  • SPX forms bearish engulfing at resistance.
  • QQQ, XLK make new all-time closing high.
  • IWM forms bull flag
  • FB, AMZN, GOOGL, WDC make new all-time closing high.    
  • Three sectors were positive led by healthcare XLV and technology XLK
  • VIX rose +0.46 to 10.82.
  • Oil falls -0.05 to 49.19
  • CVX +1.17% leads DJIA.
  • RCL +6.07% after earnings leads SPX.
  • CERN +7.81%, WDC +3.92%, GOOGL +3.71%, IDXX +3.05% after earnings lead NDX. 
  • Intermediate and long term up trend intact3-day short term trend neutral.
                                 
Up: QQQ
Down: SPY, DIA, IWM

Uptrend sectorsXLK, XLV, XLY, XLB, XLI, XLP, XLRE,

Look for a potential bounce in: V, HAS, ETFC, SWKS, AVGO, TXN, KEY, MAR, IWM, MCD,

                  (click image to enlarge)

One Day Pullback: SPY, DIA, PAYX, ROST, MXIM, ADP, XLY, EXPE, WMT, MCHP, SBUX, ADSK, AMAT, LRCX,

Bounces included: MU,

Potential Breakouts include: ADBE, MU, SPY, DIA, TSLA, WBA, NVDA, ARNC, COST

Breakouts: WDC, AMZN, RCL, NCLH,  

New Highs ADBE, WDC, EA, FB, UNH, HD, ATVI,  PYPL, QQQ, JD, MSFT, BABA, DIS, CSX,


Earnings week ended April 28:
Monday:  HAS, HAL, ITW, KMB, AA, WHR, ZION, ESRX,
Tuesday: DD, BHI, BIIB, GLW, KO, MMM, FCX, CMG, T, WYNN, ILMN, JNPR, EW, TXN
Wednesday: WYN, UTX, PG, AMGN, CTXS, FISV, PYPL, TSCO, XLNX, ALK, BA, PEP,
Thursday: AAL, ALXN, AMZN, BMY, CELG, CERN, CMCSA, CME, F, GOOGL, INTC, KLAC, LUV, MSFT, SBUX, SWKS, UAA, UPS, VRSN, WDC


The intermediate and long-term trends are still up.

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


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Wednesday, April 26, 2017

IWM, XLY, Make New All-time High Close…QQQ, SPY, DIA Pause…EPS Gainers EW, WYN Lead SPX…



  • SPX forms potential shooting star at resistance. 
  • Three sectors were positive led by healthcare XLV and consumer discretionary XLY
  • VIX rose +0.09 to 10.85.
  • Oil falls -0.15 to 49.21
  • VZ +1.41% after earnings leads DJIA.
  • EW +10.49% and WYN +9.02% after earnings lead SPX.
  • NCLH +3.29% leads NDX.
  • Short-term, intermediate and long term up trend intact.

Up: IWM,
Down: SPY, DIA, QQQ

Uptrend sectorsXLB, XLI, XLK, XLP, XLY, XLRE, XLV,

Look for a potential bounce in stronger stocks like: MU, V, HAS, ETFC, SWKS,

One Day Pullback:  ADBE,

Bounces included:

Potential Breakouts include: SPY, DIA, AVGO, V, WDC, MXIM, PAYX, ROST, WBA, TXN, AMZN, TSLA, ADP, AAL, KEY, NVDA, ARNC

                  (click image to enlarge)

Breakouts: MAR, IWM, NCLH, COST,

New Highs MAR, IWM, XLY, EA, EXPE, FB, WMT, UNH, HD, MCHP, SBUX, ATVI,  PYPL, QQQ, MCD, ADSK, AMAT, JD, LRCX, MSFT, BABA, DIS, CSX,

Earnings this week:
Monday:  HAS, HAL, ITW, KMB, AA, WHR, ZION, ESRX,
Tuesday: DD, BHI, BIIB, GLW, KO, MMM, FCX, CMG, T, WYNN, ILMN, JNPR, EW, TXN
Wednesday: WYN, UTX, PG, AMGN, CTXS, FISV, PYPL, TSCO, XLNX, ALK, BA, PEP,
Thursday: AAL, ALXN, AMZN, BMY, CELG, CERN, CMCSA, CME, F, GOOGL, INTC, KLAC, LUV, MSFT, SBUX, SWKS, UAA, UPS, VRSN, WDC

The intermediate and long-term trends are still up.

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


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