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%.






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

Pre-Market Stock Futures Slightly Higher...IBM Earnings Disappoint & Slides 6.89%...

BMO – ES – 1.50…and NQ + 5.00…stock futures point to a HIGHER open in pre-market…

SPY is up .08…

XLF is …up .05...
Euro is up 10 pips…
TLT is up .48…

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

Quoting Up: MU, GILD, AAPL, YHOO BIDU, GOOG, BBRY, DAL, AAL, SCTY, GPRO, RCK, MBLY, UAL, GLD

Quoting Down: NFLX, IBM, HPQ


Friday, October 17, 2014

Stocks Continue to Climb

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

Breadth weakenedadvancers led decliners…1.91 to 1 on the NYSE and  decliners led advancers 1.02 to 1 on the NASDAQ.

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


SPY up 2.20 at 188.47 on 214.6 million shares, above average volume
VIX down 3.21 at 21.99…
TNX up .46 at 21.99…
TLT down .68 at 121.07...
XLF up .28 at 22.32 on 53.4 million shares, above average volume

AAPL up 1.41 at 97.67 on 68.1 million shares, above average volume
FB up 3.32 at 75.95…on 76.3 million shares, above average volume

Technical Commentary:
DIA +1.63%, QQQ +1.32%, SPY +1.18%, IWM -0.30%.

SPY had fallen -9.9% to an intraday low on Wednesday before big buying stepped in at 181.92 and bounced the market to a white hammer close.  With the heaviest SPY volume of the year Wednesday looked like a capitulation climax shaking weak traders out of the market.  Thursday opened lower before big buying stepped in at 182.89 and formed a large white candle.  Friday gapped higher, traded in a range before forming a doji with a close within one cent of its open.

SPY formed a weekly large tail hammer and the Market Forecast green line turned up.  It appears that the market has found a support low and that buyers are returning with heavy buying.  The chart indicates that this bounce is likely to continue

QQQ and DIA also formed weekly hammer candles, while IWM which was strong on Wednesday and Thursday formed a weekly bullish harami.


                   (click image to enlarge) 

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

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 16.

______________________

Setups
Horizontal Breakout: ANGI, BABA, BBRY, BBY, IWM, JD, NTES, RAX, SCSS, SFUN, SSYS, SUNE, SWKS, TWTR, YY, FB, WYNN,
Diagonal Breakout: PANW, XONE, Z,
Bull Flag: TLT, GMCR,
Bear Flag: SCTY, TPX, V, X, SBUX, STX, TRIP, WDC,

Moves
D Breakout: GPRO, MFRM, SPLK,
Breakout Test: GRMN,
Bull Flag Bounce:  MNST, ROST,
Bounce: AAPL, ADBE, ADSK, AVGO, CELG, COST, DTV, ESRX, FFIV, GILD, MAR, MSFT, MU,
Gap Up: AA, FB, XLNX


______________________


84 out of 100 NDX stocks closed higher and one was unchanged on Friday.

Leading NDX 100 stocks included: EQIX, XLNX, FB, GILD, FFIV, MAR, INTU, ISRG, LMCA, ILMN

Lagging NDX stocks included: SNDK, MAT, GOOGL, NFLX, NXPI, LLTC, ATVI, GRMN, EXPE, SPLS

Leading stocks > +2% on Friday: AA, SPLK, FAS, CRM, DAL, RWLK, GPRO, P, MBLY, RCL, X, MS, UAL, BBRY, YNDX


Lagging stocks < -3.0% included: KKD, GOGO, CSIQ, CAR

Stocks to Watch on Monday
Holding Above 30 DMA=
SIAL, GMCR, ROST, CHRW, GRMN, MYL, SRCL, WYNN

Moving Above 30 DMA = 5
DLTR, ISRG, MNST, PAYX, REGN

Moving Below 30 DMA = 0

                                                                                             
Staying Below 30 DMA
COST, VRTX, AAPL, ALXN, ADP, ADSK, BBBY, YHOO, AMGN, CELG, CERN, CTSH, DTV, EBAY, FAST, FB, GILD, LBTYA, MSFT, NFLX, CSCO, EXPE, INTU, MU, SBAC, WFM, CHRW, DISH, FISV, AVGO, ALTR, BRCM, CTXS, INTC, KLAC, NTAP, BIDU,MAR, NXPI, SNDK, TXN, VOD, XLNX, 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, ORLY, SIRI, CTRX, KRFT, ADBE, AMZN, ATVI, FOXA, STX, TSLA, VIP, HSIC, SBUX, TSCO, DISCA, MAT, ADI, WDC, GRMN, PCLN, PCAR

5-month Intermediate Term Market Trend: Neutral
3-day Short Term Market Trend: Neutral