Friday, April 17, 2015

DJIA, SPX, NDX and RUT Pullback Following Change in Chinese Market Regs and Failure of Trading Terminals...

All nine sectors moved lower on Friday…XLU, XLE and XLV were the strongest sectors and XLY was the weakest.
 
Breadth weakened as decliners led advancers 4.11 to 1 on the NYSE and 3.61 to 1 on the NASDAQ.

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

SPY down 2.42 at 207.95 on 191.1 million shares, 80% above average volume
VIX up 1.29 at 13.89…
TNX down .28 at 18.50…
TLT up 1.49 at 131.45…
XLF down .32 at 24.13 on 39.8 million shares, 39% above average volume

AAPL down 1.42 at 124.75 on 51.9 million shares, 13% above average volume
FB down 1.53 at 80.78…on 24.2 million shares, 3% above average volume


Technical Commentary:
SPY -1.15%, QQQ -1.56%, DIA -1.58%%, IWM -1.62%.

SPY closed below 208.61 short-term support.
QQQ closed below 106.82 short-term support.
IWM closed above its 123.77 short-term support.

U.S. markets moved lower with weakness in Asia and Europe following news that China trading rules were being changed to allow short-selling on Chinese stocks.
FXI -4.21% was down after gaining 29% over the past five plus weeks.

Bloomberg terminals were affected by a worldwide outage on Friday illustrating once again the susceptibility that electronic markets have when technology glitchesTraders were forced to use telephones and email in a back to the future reprise.



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 = 208.95, 210.33...
QQQ = 106.95
IWM = 125.55…

Support Levels
SPY = 207.01, 205.39...
QQQ = 105.55, 104.50…
IWM = 123.77, 122.90...


Earnings Week of April 6 – AA, BBBY, WBA, STZ
Earnings Week of April 13 – JNJ, JPM, FAST, WFC, INTC, BAC, CSX, DAL, LLTC, SNDK, NFLX, GS, C, AXP, MAT



Q1 Earnings Reaction
Positive Reactions – WBA, STZ, KMX, DGLY, CTRP, JUNO, KBH, MFRM, NKE, 

More than 10% - DGLY, CTRP, JUNO, 

Negative Reactions – AA, BBBY, MU, GME, YOKU, XONE, 

More than -10% - YOKU, 

Reversal in progress 

Reversal of Initial Reaction – GME, MU, YOKU, XONE


The SPX Market Forecast is pointed down at 74. 

___________________

Setups






Moves








   
______________________


11 of 100 NDX stocks closed higher on Friday.


Leading NDX 100 stocks included: MAT, MYL, STX, NFLX, WDC, ALTR, TSCO, BIDU, SIAL, TSLA

Lagging NDX stocks included: VIP, CHKP, VRTX, ROST, YHOO, WBA, CTSH, AVGO, AMZN, ADBE

Leading stocks > +2% on Friday: VXX, EMC

Lagging stocks < -2.0% included: MTW, CMGE, VSLR, GOGO, SSYS, QIHU, TSL, FAS, SPLK, DGLY, XONE, CSIQ, GME, CRM, SLCA, NTES, SWI, PANW, X, FEYE, SOHU, LOCO, RAX, TWTR, MBLY, BABA, ETFC, P, AMBA, JNPR, JD, YELP, SUNE, SCSS

Stocks to Watch on Monday
Holding Above 30 DMA = 41
WBA, LVNTA, SIAL, KRFT, ORLY, ADI, ALTR, VRSK, XLNX, CTRX, ESRX, ISRG, MDLZ, VIP, CTXS, DISCA, TSLA, MYL, AMGN, CMCSA, DTV, NFLX, PCLN, SBUX, VRTX, YHOO, GILD, PCAR, VIAB, ALXN, STX, TSCO, VOD, MAT, AKAM, CSCO, ILMN, INTC, MU, WDC, SYMC

Moving Above 30 DMA = 0


Moving Below 30 DMA = 24
AAPL, ADSK, AMZN, ATVI, BIIB, BRCM, CERN, CHKP, CHTR, CTSH, EA, FB, HSIC, MNST, MSFT, NTAP, NVDA, NXPI, REGN, SBAC, SIRI, SPLS, SRCL, TXN                                          

Staying Below 30 DMA
BIDU, FAST, FISV, INTU, LMCA, WYNN, DLTR, ADBE, ADP, BBBY, CA, COST, AVGO, AAL, EXPD, ROST, PAYX, GOOG, CELG, CHRW, EBAY, FOXA, MAR, SNDK, TRIP, KLAC, LBTYA, LLTC, AMAT, GMCR, QCOM, DISH, LRCX, WFM, GRMN

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

Stock Futures Turn Down Before Opening...GS Downgraded...MAT Advances After Earnings...

BMO – ES – 14.00…and NQ – 38.00…stock futures point to a LOWER open…

SPY is …down .98…

XLF is down .09…
Euro is unchanged…
TLT is down .46…

Quoting Up: VXX, DGLY, GLD, MAT, AAL, XLNX,

Quoting Down: NXPI, WYNN, ISRG, BIDU, MDLZ, AVGO, AMGN, ALTR, VRTX, TSLA, BIIB, JD, CMGE, QIHU, JASO, CRM, SCTY, SSYS

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


Thursday, April 16, 2015

Stocks End Flat...NFLX Gaps...Closes At All Time High...Soars 18.21%...Numerous Stock Setups For Horizontal Breakout Including SPY & DIA...

Three out of nine sectors moved higher on Thursday…XLP, XLY and XLF were the strongest sectors and XLU was the weakest.
 
Breadth weakened as decliners led advancers 1.26 to 1 on the NYSE and 1.11 to 1 on the NASDAQ.


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


SPY down .06 at 210.37 on 68.8 million shares, below average volume
VIX down .24 at 12.60…
TNX down .22 at 18.78…
TLT down .65 at 129.96…
XLF up .04 at 24.45 on 22.6 million shares

AAPL down .61 at 126.17 on 28.3 million shares, below average volume
FB down .40 at 82.31…on 13.7 million shares


Technical Commentary:
QQQ – 0.14%, IWM – 0.06%, SPY - 0.03%, DIA + 0.02%.



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 = 211.11, 212.71...
QQQ = 109.07
IWM = 125.94, 127.14…

Support Levels
SPY = 208.61, 206.44...
QQQ = 106.82…
IWM = 123.77...


Earnings Week of April 6 – AA, BBBY, WBA, STZ
Earnings Week of April 13 JNJ, JPM, FAST, WFC, INTC, BAC, CSX, DAL, LLTC, SNDK, NFLX, GS, C, AXP, MAT



Q1 Earnings Reaction
Positive Reactions – WBA, STZ, KMX, DGLY, CTRP, JUNO, KBH, MFRM, NKE, 

More than 10% - DGLY, CTRP, JUNO, 

Negative Reactions – AA, BBBY, MU, GME, YOKU, XONE, 

More than -10% - YOKU, 

Reversal in progress 

Reversal of Initial Reaction – GME, MU, YOKU, XONE


The SPX Market Forecast is pointed up at 78.

___________________

Setups
Horizontal Breakout: CSIQ, DDD, GME, LOCO, QIHU, SPLK, TSL, UBNT, UPL, VSRL (long term), ZION, AA, ANR, HPQ, JNPR, TBT, GILD, INTC,    
Diagonal Breakout: Z, GLW, GRMN,     
Bull Flag: AMBA, BABA, EXPE, JCP, ESRX, MYL,      
Potential Bullish Divergence: 
Gap Up:          
Gap Down: 
Bear Flag:
At Support: BBY, SCSS, KKD,    
C- Pattern:  

Moves
New Highs: SUNE, TAN,    
H Breakout: CIEN, GOGO, SCTY, SOHU (long term), SPWR, P, AKAM,      
D Breakout: UNG,    
Breakout Test:  
Bull Flag Bounce: CCL, CRM, ETFC, NTES, TWTR, UA, YY,        
Bounce: GOOGL,    
MACD Divergence Bounce:    
Gap Up: C, NFLX,     
Gap Down: ADBE, SNDK,   
C- Pattern:   
Bear Flag:  
Support Break: MFRM, ANGI, COST, MAR,    
______________________


42 out of 100 NDX stocks closed higher on Thursday and one was unchanged.


Leading NDX 100 stocks included: NFLX, SYMC, ISRG, AKAM, ILMN, SPLS, ATVI, CSCO, VIP, AAL

Lagging NDX stocks included: SNDK, AMAT, WYNN, BIDU, WFM, CELG, GMCR, COST, STX, WDC

Leading stocks > +2% on Thursday: VSLR, SOHU, LOCO, GOGO, UNG, SPWR

Lagging stocks < -2.0% included: SSYS, X, MFRM, JCP, ATI, DDD, VXX





Stocks to Watch on Friday
Holding Above 30 DMA = 63
LVNTA, SRCL, CERN, FB, SIAL, KRFT, ORLY, ADI, ALTR, EQIX, VRSK, XLNX, CTRX, ESRX, ISRG, MDLZ, CHTR, VIP, CTXS, DISCA, HSIC, TSLA, MYL, REGN, ADSK, AMGN, AMZN, BIDU, CMCSA, DTV, INTU, NFLX, PCLN, SBUX, VRTX, YHOO, AAPL, GILD, NVDA, PCAR, SIRI, VIAB, ALXN, BRCM, STX, TSCO, VOD, ATVI, CHKP, CTSH, MAT, AKAM, BIIB, CSCO, ILMN, INTC, MNST, MSFT, MU, NTAP, SPLS, TXN, WDC

Moving Above 30 DMA = 4
EA, NXPI, SBAC, SYMC,                                                                                              

Moving Below 30 DMA = 6
BIDU, FAST, FISV, INTU, LMCA, WYNN                                              

Staying Below 30 DMA
DLTR, ADBE, ADP, BBBY, CA, COST, AVGO, AAL, EXPD, ROST, PAYX, GOOG, CELG, CHRW,EBAY, FOXA,MAR, SNDK, TRIP, KLAC, LBTYA, LLTC,AMAT,GMCR, QCOM, DISH, LRCS, WFM, GRMN

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

Stock Futures Look To Open Lower...NFLX Upgraded By Analysts...NOK & SNDK Downgraded...Jobless Claims Rise 12K To 294K...

BMO – ES – 8.25…and NQ – 17.00…stock futures point to a LOWER open…

SPY is …down .74…

XLF is up .01…
Euro is up 68 pips…
TLT is up .14…

Quoting Up: SPWR, BX, C, QIHU, VXX, LOCO, LC, NFLX, MAT, CTXS,

Quoting Down: XONE, MBLY, AMBA, PANW, IBM, SNDK, AMAT, ADBE, MU, CELG, AVGO, MNST


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

Wednesday, April 15, 2015

Stocks Gains Strength...IWM Notches All Time High...NFLX Soars In After Hours Trading After Netting More Subscribers...Oil Bounces...

Seven out of nine sectors moved higher on Wednesday…XLE, XLB and XLK were the strongest sectors and XLP was the weakest.
 
Breadth strengthened as advancers led decliners 2.03 to 1 on the NYSE and 1.96 to 1 on the NASDAQ.


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


SPY up .94 at 210.43 on 99.3 million shares
VIX down .83 at 12.84…
TNX down .04 at 19.00…
TLT down .11 at 130.61…
XLF up .09 at 24.42 on 36.7 million shares, above average volume

AAPL up .48 at 126.78 on 28.8 million shares, below average volume
FB down .81 at 82.70…on 22.3 million shares


Technical Commentary:
DIA + 0.39%, SPY + 0.45%, QQQ + 0.63%, IWM + 0.70%.



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 = 211.11, 212.71...
QQQ = 109.07
IWM = 125.94, 127.14…

Support Levels
SPY = 208.61, 206.44...
QQQ = 106.82…
IWM = 123.77...


Earnings Week of April 6 – AA, BBBY, WBA, STZ
Earnings Week of April 13 JNJ, JPM, FAST, WFC, INTC, BAC, CSX, DAL, LLTC, SNDK, NFLX, GS, C, AXP, MAT



Q1 Earnings Reaction
Positive Reactions – WBA, STZ, KMX, DGLY, CTRP, JUNO, KBH, MFRM, NKE, 

More than 10% - DGLY, CTRP, JUNO, 

Negative Reactions – AA, BBBY, MU, GME, YOKU, XONE, 

More than -10% - YOKU, 

Reversal in progress 

Reversal of Initial Reaction – GME, MU, YOKU, XONE


The SPX Market Forecast is pointed up at 67.

___________________

Setups
Horizontal Breakout: SPY, ATI, BBRY, CIEN, CSIQ, DDD, FEYE, GME, IBM, QIHU, SCTY, SPWR, TPX, TSL, UBNT, UPL, VJET, VSLR, XONE, ZION, EMC, HPQ, JNPR, CMCSA, MU, NFLX, STX, WDC, YHOO,   
Diagonal Breakout: GRMN, MSFT,    
Bull Flag: AMBA, BABA, CCL, CRM, DGLY, JASO, JCP, NTES, TWTR, UA, HOG, KNDI, NCLH, YY, ADSK, ESRX, MYL,     
Potential Bullish Divergence: 
Gap Up:          
Gap Down: 
Bear Flag:
At Support: MAR,  
C- Pattern:  

Moves
New Highs: IWM, AIG, BX, JUNO, X, TAN,   
H Breakout: CMGE, CREE, FSLR, LC, MS, SLCA, SSYS, YELP, YOKU, CYBR, JDSU, MTW, YNDX, GILD, NTAP, TXN,    
D Breakout:    
Breakout Test:  
Bull Flag Bounce: GOGO, SPLK, SWI, SFUN, WYNN, XLNX,      
Bounce: SINA, ANR, CAR, LVS, AVGO, BRCM, CELG,   
MACD Divergence Bounce: Z, GOOGL,   
Gap Up: DAL, GPRO, MBLY, ANGI, INTC,    
Gap Down:   
C- Pattern:   
Bear Flag:  
Support Break:   
______________________


62 out of 100 NDX stocks closed higher on Wednesday.


Leading NDX 100 stocks included: INTC, MAT, TXN, WDC, NTAP, CTXS, BRCM, ADI, NXPI, CELG

Lagging NDX stocks included: MYL, WFM, BIDU, ESRX, FAST, TSCO, FB, CERN, ADSK, CHRW

Leading stocks > +2% on Wednesday: MBLY, GOGO, CMGE, DDD, SSYS, X, YOKU, FSLR, Z, YELP, XONE, QIHU, SINA,

Lagging stocks < -2.0% included: JCP, VXX





Stocks to Watch on Thursday
Holding Above 30 DMA = 52
LVNTA, SRCL, CERN, FB, SIAL, KRFT, ORLY, ADI, ALTR, EQIX, VRSK, XLNX, CTRX, ESRX, ISRG, MDLZ, CHTR, VIP, CTXS, DISCA, HSIC, TSLA, MYL, REGN, ADSK, AMGN, AMZN, BIDU, CMCSA, DTV, INTU, NFLX, PCLN, SBUX, VRTX, YHOO, AAPL, GILD, NVDA, PCAR, SIRI, VIAB, ALXN, BRCM, STX, TSCO, VOD, ATVI, CHKP, CTSH, FAST, MAT

Moving Above 30 DMA = 15
AKAM, BIIB, CSCO, FISV, ILMN, INTC, LMCA, MNST, MSFT, MU, NTAP, SPLS, TXN, WDC, WYNN                                                 

Moving Below 30 DMA = 1
EA                                              

Staying Below 30 DMA
DLTR, SYMC, ADBE, NXPI, ADP, BBBY, CA, COST, AVGO, AAL, EXPD, ROST, PAYX, GOOG, CELG, CHRW, EBAY, FOXA, MAR, SBAC, SNDK, TRIP, KLAC, LBTYA, LLTC, AMAT, GMCR, QCOM, DISH, LRCX, WFM, GRMN

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral/Up

Stock Futures Enter Positive Area Prior To Opening...While Keeping An Eye On Earnings & Economic Data...INTC Upgraded...

BMO – ES + 5.00…and NQ + 9.50…stock futures point to a HIGHER open…

SPY is …up .63…

XLF is up .03…
Euro is down 57 pips…
TLT is down .49…

Quoting Up: MBLY, JUNO, GPRO, UNG, DAL, GOGO, NKE, JD, SWKS, INTC, BIIB, LLTC, MAT, NXPI

Quoting Down: VXX, SPWR, BAC, KLAC, LRCX, TRIP


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

Tuesday, April 14, 2015

Stocks End Session Mixed...Energy Shares Rally...YOKU Advances 7.57% While CIEN Gains 7.33%...

Six out of nine sectors moved higher on Tuesday…XLE, XLU and XLB were the strongest sectors and XLK was the weakest.
 
Breadth strengthened as advancers led decliners 1.68 to 1 on the NYSE and 1.10 to 1 on the NASDAQ where decliners led advancers.

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


SPY up .40 at 209.49 on 74.8 million shares, below average volume
VIX down .27 at 13.67…
TNX down .35 at 19.04…
TLT up .92 at 130.72…
XLF unchanged at 24.33 on 26.4 million shares

AAPL down .55 at 126.30 on 25.5 million shares, below average volume
FB up .50 at 83.52…on 19.6 million shares


Technical Commentary:
QQQ – 0.29%, IWM – 0.02%,  SPY + 0.19%, DIA + 0.30%.



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 = 211.11, 212.71...
QQQ = 109.07
IWM = 125.94, 127.14…

Support Levels
SPY = 208.61, 206.44...
QQQ = 106.82…
IWM = 123.77...


Earnings Week of April 6 – AA, BBBY, WBA, STZ
Earnings Week of April 13 JNJ, JPM, FAST, WFC, INTC, BAC, CSX, DAL, LLTC, SNDK, NFLX, GS, C, AXP, MAT



Q1 Earnings Reaction
Positive Reactions – WBA, STZ, KMX, DGLY, CTRP, JUNO, KBH, MFRM, NKE, 

More than 10% - DGLY, CTRP, JUNO, 

Negative Reactions – AA, BBBY, MU, GME, YOKU, XONE, 

More than -10% - YOKU, 

Reversal in progress 

Reversal of Initial Reaction – GME, MU, YOKU, XONE


The SPX Market Forecast is pointed up at 64.

___________________

Setups
Horizontal Breakout: CSIQ, JNPR, FB, STX,  
Diagonal Breakout: SPWR,   
Bull Flag: AMBA, BBRY, CMGE, CRM, DGLY, EXPE, LOCO, NTES, PANW, SCTY, SUNE, TWTR, HOG, NCLH, SFUN, ZU, ESRX, MU, MYL, TXN,   
Potential Bullish Divergence: 
Gap Up:          
Gap Down: 
Bear Flag:
At Support: GOOGL, MAR,
C- Pattern:  

Moves
New Highs:   
H Breakout: SLCA, X,   
D Breakout: SSYS, NTAP,   
Breakout Test:  
Bull Flag Bounce: BABA, CTRP, NKE, EMC, YY, YHOO,     
Bounce: YOKU, ESI,  
MACD Divergence Bounce:  
Gap Up: CIEN, LC,   
Gap Down: LVS, WYNN,  
C- Pattern:   
Bear Flag:  
Support Break: ETFC, KKD, AAL, WFM,  
______________________


44 out of 100 NDX stocks closed higher on Tuesday.


Leading NDX 100 stocks included: FAST, VOD, YHOO, CTSH, NTAP, CHKP, MAT, CHTR, VIP, NFLX,

Lagging NDX stocks included: WYNN, ALTR, ADI, WFM, NXPI, GOOG, MSNT, KRFT, SYMC, XLNX

Leading stocks > +2% on Tuesday: YOKU, CIEN, LC, X, SLCA, JUNO, UPL, ATI, DDD

Lagging stocks < -2.0% included: DGLY, SWKS, JCP, JD, LNKD, JASO





Stocks to Watch on Wednesday
Holding Above 30 DMA = 48
LVNTA, SRCL, CERN, FB, SIAL, KRFT, ORLY, ADI, ALTR, EA, EQIX, VRSK, XLNX, CTRX, ESRX, ISRG, MDLZ, CHTR, VIP, CTXS, DISCA, HSIC, TSLA, MYL, REGN, ADSK, AMGN, AMZN, BIDU, CMCSA, DTV, INTU, NFLX, PCLN, SBUX, VRTX, YHOO, AAPL, GILD, NVDA, PCAR, SIRI, VIAB, ALXN, BRCM, STX, TSCO, VOD

Moving Above 30 DMA = 5
ATVI, CHKP, CTSH, FAST, MAT                                                 

Moving Below 30 DMA = 8
AKAM, DLTR, FISV, ILMN, INTC, MNST, SYMC, WYNN                                              

Staying Below 30 DMA
ADBE, BIIB, LMCA, NXPI, SPLS, ADP, TXN, BBBY, CA, COST, AVGO, AAL, EXPD, ROST, FAST, PAYX, GOOG, CELG, CHRW, EBAY, FOXA, MAR, MSFT, SBAC, SNDK, TRIP, KLAC, LBTYA, LLTC,AMAT, GMCR, QCOM, CSCO, DISH, LRCX, NTAP, WFM, WDC, MU, GRMN, MAT

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