Wednesday, October 22, 2014

SPY,QQQ Pause, Pull Back After Three Day Rally...TSCO Gaps Higher, YELP Lower After-hours Earnings...

Two out of nine sectors moved higher on Wednesday…XLU, XLP and XLV were the strongest sectors while XLE was the weakest. 

Breadth weakened…decliners led advancers…2.26 to 1 on the NYSE and 2.83 to 1 on the NASDAQ.

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


SPY down .86 at 193.21 on 151.5 million shares, above average volume
VIX up 1.79 at 17.87…
TNX up .21 at 22.29…
TLT up .13 at 120.67...
XLF down .13 at 22.74 on 46.2 million shares

AAPL up .60 at 103.07 on 68.1 million shares
FB down .29 at 78.40…on 41.8 million shares

Technical Commentary:
QQQ -0.52%, SPY -0.71%, DIA -0.86%, IWM -1.43%.

After the three day rally in which SPY gained 4.19%, profit-taking took over and SPY -0.71% pulled back and formed a dark cloud cover.  From Wednesday’s low today was just a 17% retracement.  Wednesday’s high occurred at the mid-section of consolidation from Oct 1 to 9 and the 30 DMA.  This could be a one-day pause in the short-term uptrend or could turn into a bull flag pull back.  Either way traders must stay prepared and follow their rules.

Earnings continued today with positive reactions from SWK, GD and EMC and negative reactions from XRX, DOW and BA.

After the close positive earning reaction from TSCO +7.20, +11.75%, ORLY +6.14, +3.90% and NXPI +1.12, +1.75%.  Negative earning reactions from YELP -9.23, -13.14%, LRCX -2.36, -3.28% and T -0.50, -1.45%.


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…

Support Levels
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, EMC, GD, HAL, HAS, HOG, ILMN, KMB, LXK, STLD, SWK, 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 – BA, CMG, DOW, EAT, IBM, KP. LMT, BTU, XRX, 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 42.

___________________

Setups
Horizontal Breakout: AAPL, INTC, MU, QCOM, SNDK, TRIP, TXN,
Diagonal Breakout: AMBA,  
Bull Flag: TLT,
Gap Up: TSCO, ORLY, NXPI
Gap Down: YELP, LRCX
Bear Flag:  ETFC, SCHW, SWI, CSIQ,

Moves
New Highs: COST, GMCR, ILMN,
Breakout Test: MNST,
Gap Up: BRCM, YHOO,
Gap Down: ANGI,  
Bear Flag: ATI, CAR, CIEN, JDSU, LNKD, QIHU, SCTY, TSL, Z, 

______________________

22 out of 100 NDX stocks closed higher on Tuesday and one was unchanged.

Leading NDX 100 stocks included: TSCO, BRCM, YHOO, ILMN, ORLY, NFLX, MDLZ, GOOG, MAT

Lagging NDX stocks included: CTXS, BIIB, DISCA, FFIV, XLNX, MYL, EQIX, ISRG, GILD, FOXA, LMCK, TRIP, NVDA, SNDK, ADBE

Leading stocks > +2% on Wednesday: SCSS

Lagging stocks < -3.0% included: ANGI, YELP, TSL, CAR, XONE, Z, SPLK, SPWR, SUNE, LNKD, YY, CREE, DDD, ESI, VJET, JASO, YNDX

Stocks to Watch on Thursday
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, AAPL, AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT, MAR, PCAR, QCOM, SPLS, SYMC, TX, WYNN, BRCM

Moving Above 30 DMA = 2
BRCM, YHOO

Moving Below 30 DMA = 8
BIIB, CA, CERN, CTSH, EXPD, LBTYA, SBAC, WFM
                                                                                             
Staying Below 30 DMA
ADSK, DTV, EBAY, FAST, MSFT, NFLX, CSCO, EXPE, INTU, MU, DISH, AVGO, ALTR, CTXS, INTC, KLAC, NTAP, NXPI, SNDK, VOD, AKAM, CHKP, GOOG, CHTR, CMCSA, FFIV, LLTC, AMAT, LMCA, LMCK, MXIM, TRIP, VIAB, VRSK, EQIX, MDLZ, NVDA, SIRI, CTRX, ADBE, AMZN, ATVI, FOXA, STX, TSLA, VIP, SBUX, DISCA, MAT, ADI, WDC, PCLN

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

Stock Futures Continue Move Up In Pre-Market...After Earnings YHOO Gains 5.20%...BRCM Up 6.35%...While CREE Falls 12.82%...Dollar Strengthens Against EURO...

BMO – ES + 1.50…and NQ + 3.50…stock futures point to a HIGHER open in pre-market…

SPY is up .06…

XLF is unchanged…..
Euro is down 50 pips…
TLT is up .32…

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

Quoting UpYHOO, MU, BRCM, GPRO, YELP, ETFC, SPWR,SCTY, AAL, AMBA, Z,


Quoting Down: BIIB, TSLA, ANGI, SSYS, XONE, CREE, 

Tuesday, October 21, 2014

AAPL Beats the Street, Stocks Soar...QQQ, XLE Lead...CMG, KO and IBM Negative After Earnings...

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

Technical Commentary:
QQQ +2.63%, SPY + 1.98%, IWM + 1.65%, DIA + 1.31%.

AAPL +2.71, +2.72% gapped higher following better than expected Q3 results after the close on Monday.  The NDX 100 had 99 stocks gain on Tuesday led by BRCM, ILMN, AVGO, TXN and YHOO.  The S&P 500 had 483 stocks rise led by WAT, HOG, PSX, CCL, AVGO and TRIP.

Today’s rally was deep and wide and anyone who went short the SPX on Friday based on market guessers (“we think”) are down 54 points in the past two days and not only missed one of the strongest two-day rallies of the year, but lost money instead.  Short one ES futures contract would be down approximately $2,700 over the past two days alone.

Chart Signals really encourages all readers to, “don’t sell your hair to a wig shop.”


Stop guessing and trade what you see, not what someone else imagines they know about the future.

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…

Support Levels
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.

___________________

Setups
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,

Moves
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/Neutral
3-day Short Term Market Trend: Up

Stock Futures Continues To Gain Ahead Of Open...Let's Ride...HOG UP 6.37%...ILMN Gains 9.44%...

BMO – ES + 12.00…and NQ + 38.75…stock futures point to a HIGHER open in pre-market…

SPY is up 1.22…

XLF is …up .02...
Euro is down 40 pips…
TLT is down .44…

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

Quoting Up: ILMN, AAPL, TXN, MU, TSLA, GILD, SUNE, SWKS, MBLY, X, AAL, AMBA, PANW, RCL, DAL, JD, CSIQ, GPRO, HOG, ESI

Quoting Down: BBRY






Monday, October 20, 2014

Stocks Begins Week With Rally...SPY & IWM Close Above 1%...ESI Upgraded and Closes Up 35.91%...AAPL Closes Above 100...

All nine sectors moved higher on Monday…XLB, XLV and XLP were the strongest sectors while XLI was the weakest. 

Breadth strengthened…advancers led decliners…2.81 to 1 on the NYSE and 2.20 to 1 on the NASDAQ.

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


SPY up 2.39 at 190.86 on 129.7 million shares
VIX down 3.42 at 18.57…
TNX down .18 at 21.81…
TLT up .28 at 121.35...
XLF up .15 at 22.47 on 49.3 million shares

AAPL up 3.59 at 101.26 on 77 million shares, above average volume
FB up 1.19 at 77.14…on 34.6 million shares

Technical Commentary:
DIA + 0.29%, SPY + 1.27%, QQQ + 1.52%, IWM + 1.91%.



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 = 193.21, 194.05, 194.88...
QQQ = 96.08, 97.10, 98.76
IWM = 106.29, 107.34, 109.04…

Support Levels
SPY = 190.28, 189.66...
QQQ = 95.06, 93.66
IWM = 105.76, 103.74, 102.49...


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, XRR, 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 – 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 – 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 25.

___________________

Setups
Horizontal Breakout: NTES, SINA, COST,  
Diagonal Breakout: C, LOCO, PANW, SCTY, SWI, V, XONE, YELP, BX, KNDI, PCLN, SBUX, TRIP,
Bull Flag:  
Potential Bullish Divergence: 
Gap Up:
Gap Down: 
Bear Flag:  
At Support:   
C- Pattern

Moves
New Highs
H Breakout: MFRM, YOKU, BIDU, ROST,
D Breakout: AAL, BBY, CTRP, DAL, SCSS, TPX, UAL, CAR, CIEN, QIHU, STI, ESRX, FB, MNST,
Breakout Test:  
Bull Flag Bounce:   
Bounce: EBAY, GMCR,  
MACD Divergence Bounce:
Gap Up:
Gap Down: IBM, UNG,
C- Pattern:  
Bear Flag:  
Support Break:  


______________________

90 out of 100 NDX stocks closed higher and one was unchanged on Monday.

Leading NDX 100 stocks included: ILMN, CELG, MU, NXPI, GMCR, AAPL,EXPE, MNST, SPLS, ISRG, MAR, TRIP, CHTR, TXN, COST, AMGN

Lagging NDX stocks included: CTSH, CSCO, EQIX

Leading stocks > +2% on Monday: BBRY, SUNE, AAL, RCL, UAL, SCTY, DAL, MBLY, TWTR, CSIQ, ANGI

Lagging stocks < -3.0% included: XONE, IBM

Stocks to Watch on Tuesday
Holding Above 30 DMA= 12
SIAL, GMCR, ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN

Moving Above 30 DMA = 9
ADP, ALXN, BIDU, COST, FB, ORLY, TSCO, VRTX, XLNX

Moving Below 30 DMA = 1
WYNN
                                                                                             
Staying Below 30 DMA
AAPL, ADSK, BBBY, YHOO, AMGN, CELG, CERN, CTSH, DTV, EBAY, FAST, GILD, LBTYA, MSFT, NFLX, CSCO, EXPE, INTU, MU, SBAC, WFM, DISH, FISV, AVGO, ALTR, BRCM, CTXS, INTC, KLAC, NTAP, MAR, NXPI, SNDK, TX, VOD, SPLS, AKAM, BIIB, CHKP, GOOG, QCOM, CHTR, CMCSA, FFIV, LLTC, AMAT, CA, ESRX, EXPD, LMCA, LMCK, MXIM, SYMC, TRIP, VIAB, VRSK, EQIX, ILMN, MDLZ, NVDA, SIRI, CTRX, KRFT, ADBE, AMZN, ATVI, FOXA, STX, TSLA, VIP, HSIC, SBUX, DISCA, MAT, ADI, WDC, PCLN, PCAR

5-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Neutral/Up