Look for potential bounces in these bull flag setups on Thursday: WHR, CAT, BA, URE, DHR, SNDK, ZION, SYNA, ACN, PCP, DECK, GES, GR, ATI, PCLN, NFLX, SWK.
Strong earnings after the close on Wednesday from several companies is moving the market higher this morning.
Positive Earnings Reactions: BIDU, AKAM, FSLR, ILMN, CLF
Negative Earnings Reactions: GMCR
Look at these Charts
(click image to enlarge)
Monday – CNI, HUM, JEC, KSU, EL, LXK, MHP, NOV, ODP, RSH,TSM, TXN,
Tuesday – MMM, ADP, AFL, DOW, DD, F, FUQI, JBLU, LIFE, MHS, NEM, NSC, NUS, PNRA, LCC, SWK, UAUA, X
Wednesday – AKAM, ATI, APA, BIDU, BKC, CME, CERN, CLF, COP, ESRX, DAVE, FSLR, GMCR, HES, ILMN, K, LOGI, ORLY, OII, POT, RCL, HOT, VAR, VRSN, V, WLT, WLP, XLNX
Thursday – AET, AEM, AGN, AMX, BDX, BMY, CAM, CELG, CVX, XRAY, DLB, EXPE, XOM, JRCC, KLAC, MXIM, WFR, MET, PG, SPG, SWN, VPRT
Friday – AVP, DISCA
The short term is up and the intermediate term and long term trends are up.
Trade those charts that meet your rules in the direction of the trend.
The Euro is up 62 pips in overnight trading. Oil is up 92 cents in electronic trading.
SPY is up 70 cents and XLF is up 12 cents in pre-market trading. Watch XLF as a key to any sustained move in the SPX.
Follow your rules in any trading actions today. Be logical.
SPX
Support = 1,178, 1,155
Resistance = 1,200, 1,216
At the Open on Thursday
SPY –
QQQQ –
FAS –
ILMN – gap up after better than expected EPS
AKAM – gap up after better than expected EPS
DOW – breakout after better than expected EPS
BBY – flag
SNDK – flag
AAPL – flag
SHLD – flag
NFLX – flag
BA – flag
WHR – flag
ZION – flag
DHR – flag
V – flag
PCLN – flag
DECK – flag
CAT – flag
PCP – flag
X –
CREE –
AMD –
UAUA – potential merger
UNP –
CLF – gap up after better than expected EPS
DE –
FCX –
GMCR – gap down this morning
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