Thursday, September 3, 2015

Stocks Gain Ground Early Only To Fizzle In Late Trading As Volatility Continues To Make A Presence...

Eight sectors moved higher on Thursday… XLP, XLB, XLF were the strongest sectors while XLV was the weakest sector. 

Breadth weakened as advancers led decliners 1.83 to 1 on the NYSE and 1.04 to 1 on the NASDAQ.

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


SPY up .14 at 195.55 on 152 million shares
VIX down .48 at 25.61…
TNX down .25 at 21.68…
TLT up .59 at 121.57…7 million shares
XLF up .13 at 23.11…48.9 million shares

AAPL down 1.97 at 110.37 on 53.1 million shares
FB down 1.74 at 88.15 on 26.9 million shares

Technical Commentary:
DIA +0.13%, SPY +0.07%, IWM -0.16%, QQQ -0.49%.



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 =...200.00
QQQ = 106.47
IWM = 116.66, 117.50…

Support Levels
SPY = 196.03, 194.95...
QQQ = 100.49, 99.29
IWM = 114.76, 111.79...


The SPX Market Forecast is turned down at 33.

__________________


Setups
Horizontal Breakout: FSLR, HOG, P, RCL, SCTY, SUM, TASR, AA, ASNA, CAR, GLW, OCN, RAX, TAN, TWTR, ESRX, INTC, MSFT,
Diagonal Breakout: AXTA, BABA, BAC, C, CRM, ETFC, ETSY, EXPE, NCLH, NKE, PANW, SCHW, SINA, SONC, SWKS, V, ZION, HABT, SPWR, VSLR, AAPL, AVGO, BIDU, BRCM, CMCSA, EA, GOOGL, LRCX, MAR, SBUX, SWKS, TSLA,  
Bull Flag: 
Potential Bullish Divergence: 
Gap Up
Gap Down: 
Bear Flag:
At Support: AMBA, MYL,
C- Pattern

Moves
New Highs
H Breakout: JCP (long term), SEDG, UBNT, CIEN, AKAM,
D Breakout: TPX, GLNG, WBA,  
Bull Flag Bounce:
MACD Divergence Bounce: UNG,   
Bounce: AIG, BX, LVS, SHOP, SPLK, DAVE, WYNN, YHOO,
Gap Up: IBM,    
Gap Down
C- Pattern:                                                          
Bear Flag:  
Support Break: 


______________________

Watch List Stocks
Leading stocks > +2% on Thursday: SUNE, SEDG, P, LVS, JCP, UNG, SLCA, BX
                                                       
Lagging stocks < -2.0% included: AMBA, GPRO, MBLY, CYBR, W, X, ETSY, DAL

59 of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: VIAB, AKAM, YHOO, MDLZ, WYNN, MU, CHTR, EA, INTC, GMCR

Lagging NDX stocks included: NFLX, MYL, SPLS, GILD, BMRN, AMGN, REGN, FB, VRTX, JD

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 6
AKAM, SRCL, WDC, LMCA, CHTR, LVNTA

Moving Below 30 DMA = 3
ALTR, SPLS, AAL


6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral

Wednesday, September 2, 2015

Stocks Bounce And Close Higher On Solid Gains...Private Sector Jobs Report Helps...190K Private Jobs Added...Many Stocks Set Up For Diagonal Breakouts...Dollar Strengthens...

All nine sectors moved higher on Wednesday… XLK, XLI, XLY were the strongest sectors while XLE was the weakest sector. 

Breadth strengthened as advancers led decliners 2.88 to 1 on the NYSE and 2.25 to 1 on the NASDAQ.

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


SPY up 3.64 at 195.41 on 159.7 million shares
VIX down 5.31 at 26.09…
TNX up .21 at 21.93…
TLT down 1.05 at 120.98…9.5 million shares
XLF up .31 at 22.98…42.6 million shares

AAPL up 4.62 at 112.34 on 61.8 million shares
FB up 2.66 at 89.89 on 27.1 million shares

Technical Commentary:
IWM +1.80%, DIA + 1.87%, SPY +1.90%, QQQ +2.82%.



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 =...200.00
QQQ = 106.47
IWM = 116.66, 117.50…

Support Levels
SPY = 196.03, 194.95...
QQQ = 100.49, 99.29
IWM = 114.76, 111.79...


The SPX Market Forecast is turned up at 36.

__________________


Setups
Horizontal Breakout: BBRY, BBY, VSLR,
Diagonal Breakout: AXTA, LVS, PANW, SUNE, ATI, CIEN, GLW, HABT, MTW, AKAM, MU, TRIP, WBA,
Bull Flag:  
Potential Bullish Divergence:  
Gap Up
Gap Down: 
Bear Flag:
At Support:  
C- Pattern

Moves
New Highs
H Breakout: DAL, GOGO,  
D Breakout:  
Bull Flag Bounce:
MACD Divergence Bounce: SVXY,
Bounce: IWM, SPY, QQQ,  AIG, BAC, C, CCL, CRM, CTRP, DAL, ETSY, EXPE, FAS, GME, HOG, MBLY, MS, NCLH, NKE, PYPL, RCL, SCTY, SHAK, SONC, SUM, SWKS, TASR, TPX, UA, UBNT, VRSN, ZION, CAR, GIMO, IBM, JUNO, KKD, LNKD, MFRM, RAX, TWTR, Z, AAL, AAPL, ADBE, AMZN, AVGO, BIDU, BRCM, CELG, COST, EA, ESRX, FB, GILD, GOOGL, ILMN, INTC, LRCX, MAR, MSFT, PCLN, QCOM, ROST, SBUX, SWKS, TSLA, TXN,
Gap Up:    
Gap Down: AMBA, GPRO, DGLY,
C- Pattern:                                                          
Bear Flag:  
Support Break: UNG,


______________________

Watch List Stocks
Leading stocks > +2% on Wednesday: SVXY, SCTY, TASR, DAL, FAS, PYPL, TSL, CCL, RCL, SWKS, QIHU, SUM, QQQ, X, EXPE,  RPD, UA, NCLH, UBNT, VRSN, SEDG, TPX, HOG, FIT, BAC, ETSY, CRM, MS
                                                       
Lagging stocks < -2.0% included: VXX, AMBA, GPRO, SLCA, RUN  

95 of 100 NDX stocks closed higher on Wednesday.

Leading NDX 100 stocks included: AAL, CHRW, REGN, AAPL, BIIB, VRTX, AVGO, EXPD, TSLA, NXPI

Lagging NDX stocks included: DLTR, STX

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 8
AAL, ALTR, AVGO, BRCM, CHRW, INTC, MAT, SPLS

Moving Below 30 DMA = 9
STX


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






Private Sector Adds 190K Jobs...Stock Futures Gain...Dollar Strengthens...

BMO – ES + 21.75…and NQ + 49.00…stock futures point to a HIGHER open…


SPY is …up 2.27…

XLF is up .28…
Euro is down 72 pips…
TLT is …down .59…

Quoting Up: NFLX, WYNN, JD, TSLA, SWKS, AAPL, KHC, GILD, FB, MDLZ, SBUX, BIIB, AMZN, CELG, QIHU, SVXY, SUNE, TASR, FAS, SCTY, CYBR, PYPL, CRM

Quoting Down: SBAC, MNST, AMBA, GPRO, VXX, NTES



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

Tuesday, September 1, 2015

US Equities Sink...3rd Biggest Drop Of The Year...Weak China Data Cited...Only 3 Of The S&P 500 Turned Positive...2 Of The 100 NDX Gained...


All nine sectors moved lower on Tuesday… XLP, XLY, XLV were the strongest sectors while XLK, XLF, AND XLE were the weakest sectors.  All sectors were down at least 2% or more for the day.

Breadth weakened as decliners led advancers 6.20 to 1 on the NYSE and 4.47 to 1 on the NASDAQ.


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


SPY down 5.90 at 191.77 on 254 million shares, above average volume
VIX up 2.97 at 31.40…
TNX down .28 at 21.72…
TLT down .94 at 121.42…15.2 million shares, above average volume
XLF down .76 at 22.67…70 million shares, above average volume

AAPL down 5.04 at 107.72 on 76.6 million shares
FB down 2.20 at 87.23 on 35.9 million shares

Technical Commentary:
IWM -2.86%, DIA –2.86%, SPY -2.98%, QQQ -3.13%.



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 =...200.00
QQQ = 106.47
IWM = 116.66, 117.50…

Support Levels
SPY = 196.03, 194.95...
QQQ = 100.49, 99.29
IWM = 114.76, 111.79...


The SPX Market Forecast is turned up at 35.

__________________


Setups
Horizontal Breakout:  
Diagonal Breakout: UNG,  
Bull Flag: CREE, SWI,
Potential Bullish Divergence:  
Gap Up
Gap Down: 
Bear Flag:
At Support:  
C- Pattern

Moves
New Highs
H Breakout: JCP,   
D Breakout:  
Bull Flag Bounce:
MACD Divergence Bounce:
Bounce: VIAV,
Gap Up: VXX,   
Gap Down: SPY, IWM, QQQ, AIG, BAC, BX, C, CCL, CRM, ETFC, FAS, GPRO, HOG, NKE, SCHW, STI, SWKS, V, VRSN, IBM, JNPR, MFRM, ADBE, MAR, MSFT, NFLX, NTAP, XLNX,
C- Pattern:                                                          
Bear Flag:  
Support Break: SVXY, W, WYNN,


______________________

Watch List Stocks
Leading stocks > +2% on Tuesday: VXX, SUNE
                                                       
Lagging stocks < -2.0% included: SVXY, FAS, AMBA, QIHU, GPRO, BX, SWKS, ETFC, TSL, C, STI, BAC, FIT, ZION, SOHU, SSCTY, SCHW, EXPE, MBLY, CRM, RPD, MS,TASR, SPLK, PYPL, VRSN, SHIP, SHAK, V, CTRP, QQQ, GME, SLCA, X,SPY, CCL, AXTA, IWM, NCLH, SUM, NKE, TPX, P, AIG, YOKU, HOG, UA, W, RCL,  

2 of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: AAL, LVNTA

Lagging NDX stocks included: DLTR, NFLX, WYNN, AVGO, SWKS, LLTC, AAPL, LRCX, VIP, TSLA

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0


Moving Below 30 DMA = 9
AVGO, BRCM, MAT, NFLX, PCLN, SPLS, SRCL, WDC, XLNX


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







Stock Futures Look To Gap Down At The Open...Looks To Be Another Body Slam With US Equity Futures Sliding Over China Growth Concerns...

BMO – ES – 50.25…and NQ – 111.50…stock futures point to a LOWER open…


SPY is …down 4.27…

XLF is down .50…
Euro is up 47 pips…
TLT is …up .84…

Quoting Up: VXX,

Quoting Down: SVXY, AMBA, GPRO, FAS, W, MBLY, SINA, QIHU, FIT, SWKS, X, BABA, SPLK, DLTR, AVGO, NFLX, ADBE, NXPI, JD, TSLA, CMCSA, BIDU



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

Monday, August 31, 2015

Investors Mull Concerns Over China...FED Rate Hikes...Stocks End Lower...DJIA Close August With Largest Monthly Loss In 5 Years...JCP Upgraded...

Only one sector moved higher on Monday… XLE moved higher.  The weakest sectors were XLK, XLU, and XLU.

Breadth weakened as decliners led advancers 1.27 to 1 on the NYSE and 1.04 to 1 on the NASDAQ.


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


SPY down 1.61 at 197.67 on 159.6 million shares
VIX up 2.38 at 28.43…
TNX up .14 at 22.00…
TLT down .94 at 121.42…
XLF down .20 at 23.43…47.6 million shares

AAPL down .53 at 112.76 on 56.1 million shares
FB down 1.58 at 89.43 on 32.7 million shares

Technical Commentary:
IWM -0.36%,  DIA – 0.69%, SPY -0.81%, QQQ -1.24%.



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 =...200.00
QQQ = 106.47
IWM = 116.66, 117.50…

Support Levels
SPY = 196.03, 194.95...
QQQ = 100.49, 99.29
IWM = 114.76, 111.79...


The SPX Market Forecast is turned up at 31.

__________________


Setups
Horizontal Breakout: SINA, SWKS, UBNT, VXX, CREE, OCN, SSYS, STX,
Diagonal Breakout: AXTA, ETSY, EXPE, NCLH, NKE, PANW, SUNE, AA, ATI, CIEN, GLNG, GLW, GOGO, JASO, VSLR, AKAM, INTC, TSLA,
Bull Flag:  
Potential Bullish Divergence:  
Gap Up
Gap Down: 
Bear Flag:
At Support: TLT,
C- Pattern

Moves
New Highs
H Breakout: JCP, MTW, GMCR, NTAP,  
D Breakout: BBRY,
Bull Flag Bounce:
MACD Divergence Bounce:
Bounce:
Gap Up: TWTR,
Gap Down:  
C- Pattern:                                                          
Bear Flag:  
Support Break: W,


______________________

Watch List Stocks
Leading stocks > +2% on Monday: VXX, AXTA, RUN, FIT, VJET, TWTR, BBRY, VSLR, OCN, BBY, SSYS, XONE
                                                       
Lagging stocks < -2.0% included: W, NTES, YOKU, BABA, CTRP, BX, SVXY, ETSY, GPRO, SONC, FAS, CYBR, RPD, LVS, X, PANW, SFUN, LOCO, DAVE, JUNO, HABT, FEYE, YY, VIAV, RAX, KWEB, SWI, CIEN,

18 of 100 NDX stocks closed higher on Monday.

Leading NDX 100 stocks included: GMCR, SNDK, SPLS, MU, STX, NTAP, MAT, AAL, WDC, VIP

Lagging NDX stocks included: VRTX, CELG, REGN, WYNN, ALXN, JD, BIDU, BMRN, KHC YHOO

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2
INTC, SPLS

Moving Below 30 DMA = 6
AMZN, LLTC, PCLN, VRTX, LMCA, NFLX


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


Stock Futures Drop Before Opening...Concerns Include China Economy And Possible Rate-Hikes With The FED...TWTR Upgraded...Trending Higher...INTC Upgraded...

BMO – ES – 19.75…and NQ – 36.25…stock futures point to a LOWER open…


SPY is …down 1.26…

XLF is down .13…
Euro is up 52 pips…
TLT is …up 1.02…

Quoting Up: SUNE, SEDG, JCP, CTRP, PYPL, VXX, SHAK, TLT, SPLS, ROST, DLTR, SRCL, COST, CHTR

Quoting Down: LVS, UNG, FAS, HOG, TBT, SCTY, GPRO, BABA, SVXY, LMCA, WYNN, NFLX, NXPI, BIIB, AVGO, CMCSA, REGN


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