Thursday, October 30, 2014

Stocks Strengthen...DJIA Gains Over 200 Points...GPRO Reports Earnings...Sales Soaring...GPRO Gains 16.13%...CTRX Gaps Up & Closes Up 12.87%...While V Gaps Up And Closes Up 10.21%...

Seven out of nine sectors moved higher on Thursday…XLV, XLU and XLB were the strongest sectors while XLE was the weakest. 

Breadth strengthened…advancers led decliners…1.75 to 1 on the NYSE and 1.73 to 1 on the NASDAQ.

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


SPY up 1.14 at 199.25 on 113 million shares
VIX down .63 at 14.52…
TNX down .18 at 23.05…
TLT up .33 at 119.79...
XLF down .01 at 23.43 on 33.8 million shares, below average volume

AAPL down .44 at 106.90 on 40.5 million shares
FB down 1.77 at 74.09…on 83.1 million shares, above average volume

Technical Commentary:
QQQ + 0.15%, SPY + 0.58%, IWM + 0.88%, DIA + 1.26%.


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 = 197.62, 199.69, 201.90...
QQQ = 99.30, 100.56
IWM = 114.51, 115.73, 117.48…

Support Levels
SPY = 196.49, 194.69...
QQQ = 99.08, 98.02
IWM = 111.30, 109.77...

Earnings this week
Monday: AMGN, BWLD, CLF, MTW, MRK, STX, TMUS, TWTR,
Tuesday: AET, AGN, ACI, CHRW, COH, CNX, GLW, EA, ESRX, FB, FISV, GILD, HCA, MAR, PCAR, PNRA, PFE, SCHN, SIRI, SWI, X, WDC, WHR,
Wednesday: AEM, BIDU, CAR, LNG, EQIX, FFIV, GRMN, GT, HSY, JDSU, KRFT, LVLT, RGR, SLCA, V, WLT,
Thursday: ANR, MO, ABC, COP, EXPE, GPRO, GRPN, JCI, K, LNKD, MDC, MA, MGM, MOS, MYL, NEM, SWKS, SBUX, TASR, TPX, TEVA, UPL, WWE,
Friday: CBOE, CLX, WY

Q3 Earnings Reactions
Positive Reactions – AMGN, BWLD, CLF, MTW, STX, WHR,  AAPL, ALK, ALXN, APOL, BMY, BRCM, CAT, CELG, CERN, CHKP, CMCSA, CNI, EMC, EW, GD, HAL, HAS, HOG, ILMN, IM, KLAC, KMB, LLY, LRCX, LXK, MMM, MXIM, MSFT, N, ORLY, PG, RMD, STLD, STT, SWK, TRV, TSCO, TXN, UNP, VRSN, WOOF, YHOO, YNDX, 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% - BWLD, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – TWTR, MRK, ALTR, AMZN, BA, BTU, CMG, CREE, DECK, DNKN, DOW, EAT, F, GM, IBM, JNPR, KO, LMT, LUV, NDAQ, P, UA, VMW, XRX, YELP, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,

More than -10% - P,

Reversal in progress – AZO,

Reversal of Initial Reaction – AXP, KKD, BBRY, MU,

The SPY Market Forecast is at 79.

___________________

Setups
Horizontal Breakout: SPY, AMBA, BAC, C, CMGE, FAS, GME, GOGO, HOG, IWM, NTES, RCL, SCTY, SWKS, XONE, SINA, ZNGA, ADBE, ADSK, AKAM, BRCM, FFIV, MNST,
Diagonal Breakout: CSIQ, LOCO, LVS, SCHW, SUNE, UNG,  
Bull Flag: MFRM, SCSS, SPLK,   
Potential Bullish Divergence: 
Gap Up:
Gap Down:
Bear Flag:  
At Support:   
C- Pattern

Moves
New Highs: NKE, CELG, COST, GMCR, ILMN, MAR,  
H Breakout: BBY, BIDU, ESRX,  
D Breakout: CIEN, CTRP, JDSU, YOKU,  
Breakout Test: 
Bull Flag Bounce
Bounce: SFUN, SOHU, DTV,  
MACD Divergence Bounce
Gap Up: V,  
Gap Down:  
C- Pattern:  
Bear Flag:  
Support Break: ZU,   


______________________

70 out of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: CTRX, EQIX, AKAM, BIDU, MYL, FFIV, EXPE, VIP, GILD, ATVI

Lagging NDX stocks included: SBUX, CHRW, AVGO, DISCA, INTC, NXPI, FB

Leading stocks > +2% on Thursday: GPRO, V, CMGE, AMBA, JDSU, LNKD, BBY

Lagging stocks < -3.0% included: TPX, TSL, X, SPWR

Stocks to Watch on Friday
Holding Above 30 DMA= 72
SIAL, GMCR, ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, FB, ORLY, TSCO, VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT, MAR, PCAR, QCOM, SPLS, SYMC, TXN, WYNN, BRCM, YHOO, CA, CERN, CHKP, CHTR, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK, CMCSA, KLAC, LMCA, MDLZ, MSFT, PCLN, VRSK, AMAT, FOXA, LMCK, MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC


Moving Above 30 DMA = 6
AKAM, BIIB, CTRX, DISH, EQIX, SIRI                          

Moving Below 30 DMA = 4
ADI, DISCA, INTC, MXIM
                                                                                             
Staying Below 30 DMA
FB, TRIP, DTV, EBAY, FAST, NFLX, CSCO, EXPE, ALTR, CTXS, SNDK, GOOG, LLTC, VIAB, AMZN, ATVI, TSLA, VIP, MAT

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



US Economy Grows By 3.5% In 3Q...While Unemployment Claims Stays Below 300K...Stocks Up Slightly Ahead Of Open...

BMO – ES + 2.75…and NQ + 7.75…stock futures point to a HIGHER open in pre-market…

SPY is down .85…

XLF is …
Euro is down 35 pips…
TLT is up .74…

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

Quoting Up:  FFIV, CTRX, WFM, V, JDSU, HPQ , KNDI

Quoting Down: CTXS, KRFT, AKAM, CHRW, VRX, XONE, Z, KKD, LOCO


Wednesday, October 29, 2014

Stocks Weaken...End Lower...SWI Soars Closes The Day Up 10.97%...AAPL, COST, MAR...All Notch New Record Highs...

Four out of nine sectors moved higher on Wednesday…XLF, XLE and XLV were the strongest sectors while XLI was the weakest. 

Breadth weakened… decliners led advancers…1.32 to 1 on the NYSE and 1.22 to 1 on the NASDAQ.

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


SPY down .56 at 197.85 on 141.8 million shares
VIX up .76 at 15.15…
TNX up .39 at 23.23…
TLT down .27 at 119.46...
XLF up .05 at 23.43 on 45 million shares

AAPL up .47 at 107.21 on 52.5 million shares
FB down 5.12 at 75.65…on 105.6 million shares, above average volume

Technical Commentary:
SPY – 0.30 %, IWM – 0.46%, QQQ – 0.62%, DIA unchanged.


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 = 197.62, 199.69, 201.90...
QQQ = 99.30, 100.56
IWM = 114.51, 115.73, 117.48…

Support Levels
SPY = 196.49, 194.69...
QQQ = 99.08, 98.02
IWM = 111.30, 109.77...

Earnings this week
Monday: AMGN, BWLD, CLF, MTW, MRK, STX, TMUS, TWTR,
Tuesday: AET, AGN, ACI, CHRW, COH, CNX, GLW, EA, ESRX, FB, FISV, GILD, HCA, MAR, PCAR, PNRA, PFE, SCHN, SIRI, SWI, X, WDC, WHR,
Wednesday: AEM, BIDU, CAR, LNG, EQIX, FFIV, GRMN, GT, HSY, JDSU, KRFT, LVLT, RGR, SLCA, V, WLT,
Thursday: ANR, MO, ABC, COP, EXPE, GPRO, GRPN, JCI, K, LNKD, MDC, MA, MGM, MOS, MYL, NEM, SWKS, SBUX, TASR, TPX, TEVA, UPL, WWE,
Friday: CBOE, CLX, WY

Q3 Earnings Reactions
Positive Reactions – AMGN, BWLD, CLF, MTW, STX, WHR,  AAPL, ALK, ALXN, APOL, BMY, BRCM, CAT, CELG, CERN, CHKP, CMCSA, CNI, EMC, EW, GD, HAL, HAS, HOG, ILMN, IM, KLAC, KMB, LLY, LRCX, LXK, MMM, MXIM, MSFT, N, ORLY, PG, RMD, STLD, STT, SWK, TRV, TSCO, TXN, UNP, VRSN, WOOF, YHOO, YNDX, 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% - BWLD, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – TWTR, MRK, ALTR, AMZN, BA, BTU, CMG, CREE, DECK, DNKN, DOW, EAT, F, GM, IBM, JNPR, KO, LMT, LUV, NDAQ, P, UA, VMW, XRX, YELP, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,

More than -10% - P,

Reversal in progress – AZO,

Reversal of Initial Reaction – AXP, KKD, BBRY, MU,

The SPY Market Forecast is at 74.

___________________

Setups
Horizontal Breakout: AMBA, C, GOGO, HOG, JDSU, MBLY, MFRM, RCL, V, XONE, JASO, UBNT, VJET, ADBE, BIDU, CMCSA, GMCR, MNST, MYL, QCOM, TXN, XLNX,
Diagonal Breakout: LOCO, SCHW, SCTY, SPWR, SUNE, UPL, GOOGL, INTC, MSFT,
Bull Flag:  SSYS,
Potential Bullish Divergence:  
Gap Up:
Gap Down:
Bear Flag:  
At Support: ZU,  
C- Pattern

Moves
New Highs: AAPL, COST, MAR,
H Breakout: ETFC, SWKS,
D Breakout: WDC,  
Breakout Test:  
Bull Flag Bounce:  
Bounce: JCP, UNG, DTV,
MACD Divergence Bounce:  
Gap Up: SWI, X,
Gap Down: FB, GRMN,  
C- Pattern:  
Bear Flag:  
Support Break:  


______________________

36 out of 100 NDX stocks closed higher on Wednesday and two were unchanged.

Leading NDX 100 stocks included: WDC, MAR, STX, MNST, AMAT, AMGN, LLTC

Lagging NDX stocks included: FB, GRMN, AKAM, VRTX, FFIV, REGN, VRSK, GILD, CHTR, BIDU, NFLX

Leading stocks > +2% on Wednesday: SWI, X, V, SWKS, JDSU, AMBA

Lagging stocks < -3.0% included: Z, ATI, TWTR, ZU, SPLK, YELP, SFUN YY, FEYE

Stocks to Watch on Thursday
Holding Above 30 DMA= 75
SIAL, GMCR, ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, FB, ORLY, TSCO, VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT, MAR, PCAR, QCOM, SPLS, SYMC, TXN, WYNN, BRCM, YHOO, CA, CERN, CHKP, CHTR, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK, CMCSA, KLAC, LMCA, MDLZ, MSFT, PCLN, VRSK, AMAT, FOXA, LMCK, MU, WFM, AVGO, DISCA, FFIV, INTC, MXIM, NTAP, NXPI, VOD, WDC


Moving Above 30 DMA = 1
ADI

Moving Below 30 DMA = 2
CTRX, TRIP
                                                                                             
Staying Below 30 DMA
BIIB, DTV, EBAY, FAST, NFLX, CSCO, EXPE, DISH, ALTR, CTXS, SNDK, AKAM, GOOG, LLTC, VIAB, EQIX, SIRI, AMZN, ATVI, TSLA, VIP, MAT

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


Stock Futures Flat Before The Open...FB Slumps 5.94%...X Moves Higher Up 8.78%...

BMO – ES – 2.25…and NQ – 10.50…stock futures point to a LOWER open in pre-market…

SPY is down .06…

XLF is …
Euro is unchanged…
TLT is up .08…

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

Quoting Up:  CHRW, AMZN, WYNN, YHOO, X, FEYE, SPWR, LVS, BABA, ATI,


Quoting Down: FB, GILD, EBAY, TSLA, VRTX, BIDU, CMGE, MBLY, SWKS

Tuesday, October 28, 2014

IWM Leads as IWM, QQQ, SPY Breakout...BWLD, WHR, AMGN Soar...X Gaps Up While FB, GILD Lower in After-hours...

All nine sectors moved higher on Tuesday…XLE, XLI and XLK were the strongest sectors while XLP was the weakest. 

Breadth strengthened… advancers led decliners…5.17 to 1 on the NYSE and 4.12 to 1 on the NASDAQ.

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

SPY up 2.25 at 198.41 on 95.4 million shares
VIX down 1.65 at 14.39…
TNX up .27 at 22.84…
TLT down .75 at 119.19...
XLF up .25 at 23.38 on 21.9, below average volume

AAPL up 1.63 at 106.74 on 44.3 million shares
FB up .49 at 80.77…on 50.2 million shares

Technical Commentary:
IWM +2.85%, QQQ +1.51%, SPY +1.15%, DIA +1.06%.

Stock indexes continue to rise on earnings and big money buying.  Today BWLD spiced it up as AMGN and MTW gained following earnings.  TWTR was smashed.  After the close X, MAR and SWI rose while FB, GILD and KLAC slid lower after reporting earnings.

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 = 197.62, 199.69, 201.90...
QQQ = 99.30, 100.56
IWM = 114.51, 115.73, 117.48…

Support Levels
SPY = 196.49, 194.69...
QQQ = 99.08, 98.02
IWM = 111.30, 109.77...

Earnings this week
Monday: AMGN, BWLD, CLF, MTW, MRK, STX, TMUS, TWTR,
Tuesday: AET, AGN, ACI, CHRW, COH, CNX, GLW, EA, ESRX, FB, FISV, GILD, HCA, MAR, PCAR, PNRA, PFE, SCHN, SIRI, SWI, X, WDC, WHR,
Wednesday: AEM, BIDU, CAR, LNG, EQIX, FFIV, GRMN, GT, HSY, JDSU, KRFT, LVLT, RGR, SLCA, V, WLT,
Thursday: ANR, MO, ABC, COP, EXPE, GPRO, GRPN, JCI, K, LNKD, MDC, MA, MGM, MOS, MYL, NEM, SWKS, SBUX, TASR, TPX, TEVA, UPL, WWE,
Friday: CBOE, CLX, WY

Q3 Earnings Reactions
Positive Reactions – AMGN, BWLD, CLF, MTW, STX, WHR,  AAPL, ALK, ALXN, APOL, BMY, BRCM, CAT, CELG, CERN, CHKP, CMCSA, CNI, EMC, EW, GD, HAL, HAS, HOG, ILMN, IM, KLAC, KMB, LLY, LRCX, LXK, MMM, MXIM, MSFT, N, ORLY, PG, RMD, STLD, STT, SWK, TRV, TSCO, TXN, UNP, VRSN, WOOF, YHOO, YNDX, 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% - BWLD, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – TWTR, MRK, ALTR, AMZN, BA, BTU, CMG, CREE, DECK, DNKN, DOW, EAT, F, GM, IBM, JNPR, KO, LMT, LUV, NDAQ, P, UA, VMW, XRX, YELP, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,

More than -10% - P,

Reversal in progress – AZO,

Reversal of Initial Reaction – AXP, KKD, BBRY, MU,


The SPY Market Forecast is at 69.

___________________

Setups
Horizontal Breakout: SPY, AAL, C, CIEN, GOGO, LNKD, MBLY, MS, SUNE, TPX, XONE, YNDX, CMCSA, TRIP,
Diagonal Breakout: BBRY, JDSU, SPWR, INTC, SNDK, WDC,
Bull Flag: BBY, BX, CMGE, CTRP, NTES, SSYS, MNST, ROST,
Gap Up: MAR, SWI, X
Gap Down: FB, GILD, KLAC, WDC, ALXN, PNRA, FISV 

Moves
New Highs: BABA, NKE, SCSS, SPLK, AAPL, CELG, COST, FB, GMCR, YHOO,
H Breakout: AA, AIG, BAC, CAR, CRM, FAS, HOG, KKD, RCL, SCHW, STI, UAL, GLW, AVGO, BIDU, GOOGL, PCLN, SBUX, TSLA,
D Breakout: IWM, CIEN, CSIQ, ETFC, LNKD, MS, QIHU, SCTY, AKAM, FFIV, NTAP,  
Bull Flag Bounce: AMBA, MFRM, PANW, V, YNDX, YOKU, BRCM, GMCR, MSFT,
Bounce: GPRO, LOCO, TSL,
MACD Divergence Bounce: JD, JDSU,
Gap Up: AMGN, BWLD, MTW,
Gap Down: TWTR, LVS,
Support Break: GPRO,

______________________

93 out of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: TSLA, VIP, AMGN, BIDU, AKAM, AVGO, VOD, CTSH, FFIV, ISRG

Lagging NDX stocks included: REGN, BIIB, ILMN, MNST, ROST, SIRI, SPLS

Leading stocks > +2% on Tuesday: QIHU, FEYE, GPRO, SPLK, LOCO, ATI,XONE, X, TSL, YNDX, CRM, CSIQ, AMBA, YOKU, CAR, SCTY, YELP, RCL, ANGI, CIEN, FAS, KKD, IWM, LNKD, BBRY, SCHW, MFRM, GOGO, RAX, JD, JDSU, AIG

Lagging stocks < -3.0% included: TWTR, LVS

Stocks to Watch on Wednesday
Holding Above 30 DMA= 66
SIAL, GMCR, ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, FB, ORLY, TSCO, VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT, MAR, PCAR, QCOM, SPLS, SYMC, TXN, WYNN, BRCM, YHOO, CA, CERN, CHKP, CHTR, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK, CMCSA, KLAC, LMCA, MDLZ, MSFT, PCLN, VRSK, AMAT, FOXA, LMCK, MU, WFM

Moving Above 30 DMA = 11
AVGO, CTRX, DISCA, FFIV, INTC, MXIM, NTAP, NXPI, TRIP, VOD, WDC

Moving Below 30 DMA = 0
                                                                                             
Staying Below 30 DMA
BIIB, DTV, EBAY, FAST, NFLX, CSCO, EXPE, DISH, ALTR, CTXS, SNDK, AKAM, GOOG, LLTC, VIAB, EQIX, SIRI, AMZN, ATVI, TSLA, VIP, MAT, ADI

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