All nine sectors moved higher on Tuesday…XLE, XLV and XLI were the strongest sectors while XLU was the weakest.
Breadth strengthened…advancers led decliners…4.83 to 1 on the NYSE and 3.00 to 1 on the NASDAQ.
Tuesday – strengthened, advancers led
Monday – strengthened, advancers led
Friday – weakened, mixed
Thursday – strengthened, advancers led
Wednesday – weakened, mixed
SPY up 3.77 at 194.07 on 144 million shares
VIX down 2.49 at 16.08…
TNX up .27 at 22.08…
TLT down .97 at 120.54...
XLF up .42 at 22.87 on 50.7 million shares
AAPL up 2.71 at 102.47 on 93 million shares, above average volume
FB up 1.74 at 78.69…on 31.9 million shares, fourth highest close
QQQ +2.63%, SPY + 1.98%, IWM + 1.65%, DIA + 1.31%.
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 = 194.27, 197.62...
QQQ = 97.10, 98.76…
IWM = 112.15, 114.51…
SPY = 191.48, 190.45...
QQQ = 95.32, 94.47…
IWM = 109.22, 107.00...
Earnings this week:
Monday: AAPL, CMG, HAL, HAS, ILMN, IBM, BTU, STLD, TXN, ZION,
Tuesday: ATI, APOL, EAT, BRCM, CNI, KO, CREE, ETFC, HOG, ISRG, KMB, LXK, LMT, MCD, TRV, UTX, VZ, VMW, YHOO
Wednesday: T, BA, DOW, EMC, EQIX, GD, LRCX, NXPI, ORLY, SWK, TSCO, WHR, XRX, YELP
Thursday: MMM, ALK, ALXN, ALTR, AMZN, CAT, CELG, CERN, CHKP, CMCSA, DECK, DNKN, GM, JNPR, KLAC, LLY, MXIM, MSFT, P, LUV, UA, UNP, UAL, WYNN, YNDX, ZNGA,
Friday: BMY, F, NDAQ, PG, STT, UPS
Q3 Earnings Reactions
Positive Reactions – AAPL, APOL, HAL, HAS, HOG, ILMN, KMB, LXK, STLD, TRV, TXN, ZION, AMD, C, CSX, DAL, GE, HON, LVS, MS, SCHW, SLB, STI, URI, XLNX, COST, BBBY, BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,
More than 10% - NKE, ULTA, LULU, PANW, MFRM,
Negative Reactions – CMG, EAT, IBM, KP. LMT, BTU, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,
More than -10% -
Reversal in progress – AZO,
Reversal of Initial Reaction – AXP, KKD, BBRY, MU,
The SPY Market Forecast is at 36.
Horizontal Breakout: AA, BABA, BAC, BBY, C, CTRP, DAL, FEYE, JD, MBLY, PANW, SCHW, SCTY, SPLK, SPWR, SSYS, TPX, X, YY, Z, AIG, ATI, BX, CIEN, GME, STI, TSL, AAPL, AVGO, COST, GMCR, INTC, MU, NTAP, QCOM, SNDK, TRIP,
Diagonal Breakout: CRM, GOGO, MS, SFUN, XONE, ZU, QIHU, BRCM,
Bull Flag: TLT,
Potential Bullish Divergence:
Gap Up: BRCM, ISRG, YHOO,
Gap Down: CREE,
New Highs: NKE, NTES, MNST, ROST,
H Breakout: SPY, IWM, AAL, HPQ, SUNE, SWKS, UAL, CAR, UBNT, PCLN, XLNX,
D Breakout: AMBA, FAS, GPRO, V,
Bull Flag Bounce: LVS,
Bounce: EBAY, GMCR,
Gap Up: CSIQ, X, HOG, AAPL, ILMN, TXN,
Gap Down: IBM, UNG,
99 out of 100 NDX stocks closed higher on Tuesday.
Leading NDX 100 stocks included: BRCM, ILMN, AVGO, TXN, YHOO, TRIP, MU, SNDK, GILD, EXPE, XLNX, EBAY
Lagging NDX stocks included: SBUX
Leading stocks > +2% on Tuesday: AAL, CSIQ, AMBA, GPRO, X, SUNE, SWKS, FAS, UAL, SPWR, SPLOK, CTRP, AA, DAL, PANW, RCL, YELP, UA, LNKD, SCTY, BABA, SCHW, YY, HPQ, JDSU, V, SFUN, CMGE, SSYS, VRSN, TPX, NTES, MS, CRM, BAC, RAX
Lagging stocks < -3.0% included: ANGI, IBM
Stocks to Watch on Wednesday
Holding Above 30 DMA= 12
SIAL, GMCR, ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, FB, ORLY, TSCO, VRTX, XLNX
Moving Above 30 DMA = 10
AAPL, CELG, ESRX, GILD, ILMN, MAR, QCOM, TXN, WFM, WYNN
Moving Below 30 DMA = 0
Staying Below 30 DMA
ADSK, BBBY, YHOO, AMGN, CERN, CTSH, DTV, EBAY, FAST, LBTYA, MSFT, NFLX, CSCO, EXPE, INTU, MU, SBAC, DISH, FISV, AVGO, ALTR, BRCM, CTXS, INTC, KLAC, NTAP, NXPI, SNDK, VOD, SPLS, AKAM, BIIB, CHKP, GOOG, CHTR, CMCSA, FFIV, LLTC, AMAT, CA, EXPD, LMCA, LMCK, MXIM, SYMC, TRIP, VIAB, VRSK, EQIX, MDLZ, NVDA, SIRI, CTRX, KRFT, ADBE, AMZN, ATVI, FOXA, STX, TSLA, VIP, HSIC, SBUX, DISCA, MAT, ADI, WDC, PCLN, PCAR
6-month Intermediate Term Market Trend: Up/Neutral3-day Short Term Market Trend: Up