Thursday, April 17, 2014

Jobless Claims Rise Slightly...Stock Futures Continue Upward Trend In Pre-Market...SNDK Up 7.12%...

BMO – ES + 3.00…and NQ + 12.25…stock futures point to a higher open in pre-market...

Earning Gaps to the Upside:  BHI, GE, GS, MS, SLB, BX, UNP

Downside:  DD, MAT, UNH


SPY is down .02…

XLF is up .08…
Euro is up 30 pips…
TLT is down .20…                                                                                                                                                                                                                                                                                       
Follow your rules for entry and exit…and always remember to adjust stops to protect profits also according to your rules...

Quoting Up: SNDK, MU, MDLZ, NFLX, MS, SCSS, BX, GOGO, SCTY


Quoting Down: PCAR, MAT, SYMC, GOOG, IBM, SPWR, YNDX

Wednesday, April 16, 2014

The Buys are Back in Town...SPY, Stocks Gain as YHOO Gaps Higher...GOOG, IBM Lower, SNDK, URI Higher in After-hours..

All nine sectors moved higher again on Wednesday…XLI, XLB and XLY were the strongest sectors…XLV was the weakest sector.

Breadth strengthened as advancers led decliners 3.91 to 1 on the NYSE and 2.48 to 1 on the NASDAQ.

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


SPY up 1.93 at 186.12 on 109 million shares
VIX down 1.43 at 14.18…
TNX up .09 at 26.37…
TLT up .14 at 111.27...
XLF up .17 at 21.82 on 39.6 million shares

AAPL up 1.05 at 519.01 on 7.5 million shares
FB up .63 at 59.72…on 78.5 million shares


Technical Commentary: 
QQQ + 1.33%, IWM + 1.09%, SPY + 1.05%, DIA + 1.02%.

The buys were definitely back in town on Wednesday following strong earnings reaction from YHOO +2.14, +6.26% following earnings after the close on Tuesday.   INTC was also up after earnings.

Just for fun The Buys are Back in Town:  https://www.youtube.com/watch?v=hQo1HIcSVtg

The NDX +45.24 was led by 25.6 NDX points from GOOG, MSFT, AMZN, PCLN, YHOO, CCSA, GILD, BIIB, SBUX, FB, REGN and QCOM.

Airline stocks took off with gains from DAL +5.36%, AAL +5.31%, UAL +4.67%, LUV +2.79% and ALK +2.75% as oil prices have leveled off near recent high over the past six trading days.

The SPX was led by YHOO, DAL, VLO, IR, REGN and IPG while losers included LLTC, AET, CLF, RIG, BBY and NTAP.

LLTC -2.06, -4.37% was the weakest stock in the SPX on a gap down following earnings after the close on Tuesday.

BAC -0.26, -1.59% gave the money center banks a split card, joining JPM with a negative reaction while C and WFC had positive earning reactions

GOOG -17.54, -3.15% had been down more than -$35 in after-hours before recovering on a negative earnings after the close.  GOOG rose 20.10 during trading day and did finish slightly positive even after the selloff

IBM -8.20, -4.18% after hours following a negative earnings reaction.

SNDK +4.40, +5.80% and URI +2.71, +2.96% moved higher after the close on positive earning reactions.

Earnings continue on Thursday with a number of big names including BHI, DD, GE, GS, MAT, MS, BTU, SLB, BX, UNP and UNH, four of which are Dow components.

Remember April options expiration is Thursday (tomorrow) due to the Good Friday holiday leading into Easter weekend.

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

Short-term up trend Chart Targets:
SPY = 187.17, 189.70…
QQQ = 86.90, 87.88…
IWM = 113.84, 115.25…

Support Levels
SPY = 183.37, 181.38
QQQ = 85.09, 84.16, 83.15, 82.03
IWM = 110.12, 108.91, 106.99


Earnings This Week:
Monday: C
Tuesday: KO, IBKR, INTC, JNJ, LLTC, SCHW, YHOO
Wednesday: AXP, BAC, GOOG, IBM, KSU, SNDK, STLD, URI
Thursday: BHI, DD, GE, GS, MAT, MS, BTU, SCSS, SLB, BX, UNP, UNH

Q1 Earnings Reactions
Positive Reactions – YHOO, IBKR, INTC, JNJ, KO, SCHW, C, GME, WFC,

Negative Reactions – BAC, LLTC, BBRY, FAST, JPM, MU

Reversal in progress –

Reversal of Initial Reaction –


The SPY Market Forecast (formed a cluster on Friday) green line is pointed up at 23.

____________________

Setups
H Breakout: C, CREE, ETFC, KKD, PANW, TPX, BX, NTES, SOHU, WLT, BIDU, COST, CTSH, ESRX, FFIV, MSFT, MU, STX,  
Diagonal Breakout: FAS, GLW, GME, IWM, NKE, STI, SWKS, Z, CRM, LNKD, QIHU, SPLK, SSYS, SWI, YOKU, ADSK, AKAM, AMZN, EBAY, SNDK, TRIP,
Bull Flag:  
One Day:  
Potential Bullish Divergence: WYNN,   
Gap Up
Gap Down:     
Bear Flag: 
At Support:  
C- Pattern:   

Moves
New Highs: ATI,    
Gap Up: HOG, V, YHOO,    
Gap Down:  
H Breakout: MFRM, MTW, SCHW, QCOM,   
Diagonal Breakout: MS, SPY, UAL, UBNT, VRSN, ADBE,      
Breakout Test:
Bull Flag Bounce
Bounce: AAL, MFRM, CIEN, CSIQ, DDD, ESI, GOGO, LVS, RAX, SCTY, YNDX, MNST,  
MACD Divergence Bounce: P, SFUN, TSL, XONE, YELP, PCLN, SBUX,
Bear Flag
Support Break:   
______________________


84 of 100 NDX stocks closed higher on Wednesday.

Leading NDX 100 stocks included: YHOO, REGN, VIP, ILMN, GOOG, PCLN, EQIX, SBUX, TSLA, SIRI, ALXN

Lagging NDX stocks included: LLTC, NTAP, ADI, MAT, SPLS, MXIM

Leading stocks > +2% on Wednesday included: AAL, UAL, Z, MFRM, SCHW, FAS, ETFC, PANW, CTRP
Lagging stocks < -2.0% included:


Stocks to Watch on Thursday
Holding Above 30 DMA= 15
MAR, GRMN, KRFT, FAST, INTC, QCOM, STX, WDC, CSCO, CHRW, SPLS, NVDA, SYMC, LINTA, MSFT

Moving Above 30 DMA = 5
COST, EXPD, SIAL, YHOO, MDLZ

Moving Below 30 DMA = 1
ADI

Staying Below 30 DMA
ISRG, AMAT, BRCM, CHKP, DTV, KLAC, LLTC, MAT, MXIM, NTAP, PCAR, SNDK,XLNX, TXN, FOXA,NXPI, AMGN, AVGO, BBBY, ROST, DISH, AAPL, ALTR, ATVI, CMCSA, CTSH, FISV, HSIC, PAX, VIAB, DISCA, ADP, EXPE, MU, SBUX, CHTR, TSCO, CTXS, INTU, FFIV, TSLA, AKAM, AMZN, EBAY, ESRX, MYL, WFM, LMCA, TRIP, ADBE, BIIB, DLTR, GMCR, ALXN,CERN,FB, REGN, PCLN, WYNN, LBTYA, SBAC, ILMN, BIDU, MNST, ORLY, SRCL, EQIX, NFLX, CA, VRSK, ADSK, VOD, CEELG, GILD, VRTX, SIRI, CTRX, VIP, GOOG

Sixteen Week Intermediate Term Market Trend: Up
3-Day Short Term Market Trend: Up

Stocks Set To Rise Again At Open Adding To Yesterday Gains...Housing Starts Rise At A Faster Pace...YHOO Up 7.63%...

BMO – ES + 7.50…and NQ + 13.50…stock futures point to a higher open in pre-market…

SPY is up 1.08…

XLF is up .11…
Euro is up 19 pips…
TLT is down .56…                                                                                                                                                                                                                                                                                       
Follow your rules for entry and exit…and always remember to adjust stops to protect profits also according to your rules...

Quoting Up: YHOO, REGN, BIDU, SBUX, PANW, CREE, FAS, AAL, YOKU, UBNT

Quoting Down: TLT, ANR, TWTR


Tuesday, April 15, 2014

Stocks Rally into the Close After Strong Earnings from KO, JNJ, SCHW...After-hours YHOO, INTC Higher on Earnings...

All nine sectors moved higher on Tuesday…XLU, XLE and XLV were the strongest sectors…XLY was the weakest sector.    

Breadth weakened as advancers led decliners 1.56 to 1 on the NYSE and 1.08 to 1 on the NASDAQ…where decliners led advancers.

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


SPY up 1.26 at 184.20 on 156.9 million shares, above average volume
VIX down .50 at 15.61…
TNX down .11 at 26.28…
TLT up .69 at 111.13...
XLF up .20 at 21.65 on 84.3 million shares, above average volume

AAPL down 3.72 at 517.96 on 9.5 million shares
FB up .20 at 59.09…on 108.4 million shares, above average volume


Technical Commentary: 
SPY + 0.69%, DIA + 0.56%, IWM + 0.39%, QQQ + 0.33%.

Stocks started higher and moved lower after reports of Russian troops near the Ukrainian border and then rallied to a higher close during the last three hours of trading.

Leading the SPX was TRIP +3.53, +4.43%, KO, TSO, SEE, TDC and SCWHSPX weakest stocks PETM, WYNN, FSLR, BBY, NTRS and NEM.

KO +1.45, +3.74%, JNJ +2.06, +2.12% which led all Dow stocks and SCHW +0.81, +3.20% moved higher after positive earnings before the open on Tuesday.   SCHW led financial stocks higher.  BAC +0.39, +2.44% reports tomorrow before the open.

YHOO +2.34, +6.84% and INTC, +0.40, 1.49%, in after-hours trading on positive earnings reactions Tuesday after the close.

The NDX +13.22 was led in NDX points by MSFT, GILD, BIIB, AMGN, ESRX and GOOG which combined for 10.5 NDX points.

MACD histogram divergences look good on Monday, make good on Tuesday.

(click image to enlarge)

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

Short-term up trend Chart Targets:
SPY = 183.59, 184.96…
QQQ = 84.95, 86.46…
IWM = 112.08…

Support Levels
SPY = 181.38, 180.01, 177.80
QQQ = 84.16, 83.15, 82.03, 80.23
IWM = 110.12, 108.91, 106.99


Earnings This Week:
Monday: C
Tuesday: KO, INTC, JNJ, LLTC, SCHW, YHOO
Wednesday: AXP, BAC, GOOG, IBM, KSU, SNDK, STLD, URI
Thursday: BHI, DD, GE, GS, MAT, MS, BTU, SCSS, SLB, BX, UNP, UNH

Q1 Earnings Reactions
Positive Reactions – KO, JNJ, C, GME, WFC,

Negative Reactions – BBRY, FAST, JPM, MU

Reversal in progress –


Reversal of Initial Reaction –


The SPY Market Forecast (formed a cluster on Friday) green line is pointed up at 24.
____________________

Setups
H Breakout: C, KKD, SCHW, SCSS, ANGI, SPLK, INTC,  
Diagonal Breakout: FAS, GME, JNPR, MS, MTW, NKE, PANW, SWKS, BAC, LNKD, NTES, QIHU, SSYS, TWTR, V, WLT, ADBE, AKAM, BIDU, CTSH, ESRX, FFIV, MSFT, MU, NTAP, QCOM, SNDK, WDC, YHOO,
Bull Flag:   
One Day:  
Potential Bullish Divergence: BBRY, P, RAX, SINA,
Gap Up
Gap Down:     
Bear Flag: 
At Support: CTRP, RCL, YOKU, EBAY,
C- Pattern:   

Moves
New Highs:    
Gap Up:    
Gap Down: GLD,   
H Breakout:   
Diagonal Breakout: SCHW, SPLK,     
Breakout Test:
Bull Flag Bounce:  
Bounce: JDSU, SPY, UAL, DDD, SOHU, SPWR, SWI, VRSN, TXN,
MACD Divergence Bounce: CREE, ETFC, Z, ZION, CRM, TSL, TWTR, UBNT, YELP, ADSK, AKAM, AMZN, PCLN, TRIP,
Bear Flag
Support Break: FSLR, LVS, RAX, SCTY, SFUN, WYNN,   
______________________


60 of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: TRIP, ALXN, LINTA, YHOO, NXPI, ADSK, BIIB, CERN, GILD  

Lagging NDX stocks included: WYNN, VIP, TSLA, ISRG, NFLX

Leading stocks > +2% on Tuesday included: Z, PANW, SCHW, FAS, ETFC, UAL, TWTR, SPLK,UBNT, TSL, WLT, QIHU, P, LNKD

Lagging stocks < -2.0% included: CTRP, FSLR, GOGO, CSIQ


Stocks to Watch on Wednesday
Holding Above 30 DMA= 14
MAR, GRMN, KRFT, FAST, INTC, QCOM, STX, WDC, CSCO, CHRW, SPLS,NVDA, SYMC, ADI

Moving Above 30 DMA = 2
LINTA, MSFT

Moving Below 30 DMA = 1
MDLZ

Staying Below 30 DMA
ISRG, AMAT, BRCM, CHKP, DTV, EXPD, KLAC, LLTC, MAT, MXIM, NTAP, PCAR, SIAL, SNDK, XLNX, TXN, FOXA,NXPI, BBBY, ROST, DISH, AAPL, ALTR, AMGN, ATVI, AVGO, CMCSA, CTSH, FISV, HSIC, PAYX, VIAB, DISCA, ADP, EXPE, MU, SBUX, CHTR, TSCO, CTXS, INTU, AKAM,EBAY, ESRX,FFIV, MYL, WFM, LMCA, TSLA, TRIP, ADBE, AMZN, BIIB, DLTR, BMCR, ALXN, CERN, YHOO, FB, REGN, PCLN, WYNN, LBTYA, SBAC, COST, BIDU, MNST, ORLY, SRCL, EQIX, NFLX, ILMN, CA, VRSK, ADSK, VOD, CELG, GILD, VRTX, SIRI, CTRX, VIP, GOOG

Sixteen Week Intermediate Term Market Trend: Up
3-Day Short Term Market Trend: Neutral/Up

Stock Futures Add To Gains In Pre-Market...KO & JNJ Rise After Earnings Report...SCHW Up 4.35%...

BMO – ES + 4.00…and NQ + 10.00…stock futures point to a higher open in pre-market…

SPY is up .47…

XLF is up .03…
Euro is down 14 pips…
TLT is down .01…                                                                                                                                                                                                                                                                                       
Follow your rules for entry and exit…and always remember to adjust stops to protect profits also according to your rules...

Quoting Up: CTRX, YHOO, EQIX, FB, CELG, SCHW, MS, P, LVS, XONE


Quoting Down: TSCO, GLD, STI, 

Monday, April 14, 2014

Buyers Come Back To The Market...Many Stocks Rebound...Many Stocks Have MACD Divergence Bounce...

All nine sectors moved higher on Friday…XLE, XLK and XLB were the strongest sectors…XLV was the weakest sector.    

Breadth strengthened as advancers led decliners 1.93 to 1 on the NYSE and 1.11 to 1 on the NASDAQ.

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


SPY up 1.43 at 182.94 on 132.2 million shares
VIX down .92 at 16.11…
TNX up .20 at 26.39…
TLT down .29 at 110.44...
XLF up .17 at 21.45 on 56.2 million shares

AAPL up 2.07 at 521.68 on 7.3 million shares
FB up .36 at 58.89…on 72.3 million shares, above average volume


Technical Commentary: 
IWM + 0.28%, QQQ + 0.78%, SPY + 0.79%, DIA + 0.89%.

Buyers returned on Monday with DJIA leading the broad indexes.  Twenty-seven of 30 Dow stocks moved higher led by V, CSCO, NKE, INTC, CVS, GS, IBM, and CAT.  Dow components KO, INTC and JNJ report earnings on Tuesday

The SPX was led by EW, BSX, C, TSO, RIG, ATI, ESV and MU.  SPX laggards were led by ISRG, DAL, PBI, MDT, BMY, GPS and CCL.

C +1.99, +4.36% gapped higher after earnings before the open on Monday morning and led financial stocks. 

The NDX +27.78 was lifted by modest point gains in CSCO, AMZN, AAPL, INTC, QCOM, CMCSA, BIIB, GILD and BIDU.  NDX stocks LLTC and YHOO report on Tuesday.



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

Short-term up trend Chart Targets:
SPY = 183.59, 184.96…
QQQ = 84.95, 86.46…
IWM = 112.08…

Support Levels
SPY = 181.38, 180.01, 177.80
QQQ = 84.16, 83.15, 82.03, 80.23
IWM = 110.12, 108.91, 106.99


Earnings This Week:
Monday: C
Tuesday: KO, INTC, JNJ, LLTC, SCHW, YHOO
Wednesday: AXP, BAC, GOOG, IBM, KSU, SNDK, STLD, URI
Thursday: BHI, DD, GE, GS, MAT, MS, BTU, SCSS, SLB, BX, UNP, UNH

Q1 Earnings Reactions
Positive Reactions – WFC, GME,

Negative Reactions – JPM, FAST, BBRY, MU

Reversal in progress –


Reversal of Initial Reaction –


The SPY Market Forecast (formed a cluster on Friday) green line turned up at 23.
____________________

Setups
H Breakout: CTRP, KKD, COST,  
Diagonal Breakout: MTW, PANW, LNKD, NTES, QIHU, YOKU, AAPL, BIDU, FB,
Bull Flag:   
One Day:  
Potential Bullish Divergence: CREE, ETFC, ESI, RAX, SCTY, SWI, TBT, UBNT, YELP, WFM,
Gap Up
Gap Down:     
Bear Flag: 
At Support: FSLR, CRM, SFUN, CELG,
C- Pattern:   

Moves
New Highs: ATI,   
Gap Up: C,   
Gap Down: UNG,  
H Breakout:   
Diagonal Breakout: SCSS,    
Breakout Test:
Bull Flag Bounce:  
Bounce: GLW, GME, JNPR, MFRM, MS, NKE, SPY, X, ANGI, CMCSA, DTV, INTC, NTAP, QCOM, STX, WDC,
MACD Divergence Bounce: SWKS, ANGI, CRM, SPLK, TWTR, V, WLT, ADBE, ADSK, AKAM, AMZN, CTSH, ESRX, FFIV, GILD, MNST, MU, NFLX, SBUX, TRIP, YHOO,
Bear Flag
Support Break: HOG, GOGO,
______________________


82 of 100 NDX stocks closed higher on Monday.

Leading NDX 100 stocks included: FFIV, MU, SPLS, SYMC, BIDU, STX, CTSH, WDC,  

Lagging NDX stocks included: ISRG, TSLA, ILMN,

Leading stocks > +2% on Monday included: C, ATI, KKD, SCSS, PANW, FAS, WLT, SPLK, ANGI, CSIQ,

Lagging stocks < -2.0% included: GOGO, TSL, XONE, SFUN, DDD, UBNT


Stocks to Watch on Monday
Holding Above 30 DMA= 10
MAR, GRMN, KRFT, FAST, INTC, QCOM, STX, WDC, CSCO, CHRW, SPLS

Moving Above 30 DMA = 4
NVDA, SYMC, MDLZ, ADI

Moving Below 30 DMA = 0



Staying Below 30 DMA
ISRG, MSFT, AMAT, BRCM, CHKP, DTV, EXPD, KLAC, LINTA, LLTC, MAT, MXIM, NTAP, PCAR, SIAL, SNDK, XLNX, TXN, FOXA, NXPI, BBBY, ROST, DISH, AAPL, ALTR, AMGN, ATVI, AVGO, CMCSA, CTSH, FISV, HSIC, PAYX, VIAB, DISCA, ADP, EXPE, MU, SBUX, CHTR, TSCO, CTXS, INTU, AKAM, EBAY, ESRX, FFIV, MYL , WFM, LMCA, TSLA,TRIP, ADBE, AMZN, BIIB, DLTR, GMCR, ALXN, CERN, YHOO, FB, REGN, PCLN, WYNN, LBTYA,SBAC, COST, BIDU, MNST, ORLY, SRCL, EQIX, NFLX, ILMN, CA, VRSK, ADSK, VOD, CELG, GILD, VRTX, SIRI, CTRX, VIP, GOOG

Sixteen Week Intermediate Term Market Trend: Up
3-Day Short Term Market Trend: Down/Neutral