Wednesday, April 25, 2012

Trading Stocks Got Juiced by the Flavor of the Day...Apple


All nine sectors moved up on Wednesday, XLK, XLB and XLY were the strongest sectors.

Breadth strengthened as advancers led decliners 3.38 to 1 on the NYSE and 2.75 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ
Advancers      2,323           1,846
Decliners           686              671

SPY moved up $1.88 on 150.2 million shares.

AAPL closed up +49.72, +8.87% after blow out EPS.

Higher Low Bounce/Setup: CCL, ANR, PCX, ATI, X, TSL

Bullish Divergence Bounce Continuation: SPY, IBM, RF, WFC, FAS, XLF, SINA, SWI, DHR, GLW, SOHU, GRPN, ICE

Bounce Pause: GS, JPM,

These potential MACD bullish divergences confirmed on Wednesday as the MACD histogram rose: BAC, C, JDSU, RCL, CDE, CREE, CLF, SMH, GES

Potential MACD histogram bullish divergences still on charts today include ZION, CIEN, VECO, COH, LDK

VMW formed a bullish harami at a potential double bottom support.

NFLX formed a hammer after an earnings gap down.



Leading NDX 100 stocks included AAPL, AVGO, PNRA, BRCM, PCLN, GOLD, STX, WCRX, GMCR, CTXS

Lagging NDX stocks included CHRW, FSLR, NFLX, LIFE, EXPD, BIDU, ESRX, CTRP, CTSH, SRCL

Leading stocks > +2% on Wednesday included CRUS, ZAGG, GLW, SWKS, ATI, MOS, LNKD, LVS, WDC, SWI, TIF, INFA, A, TSLA, FAS, VMW, CSTR, F, RCL, JDSU, CDE, ESI, GES, GRPN, DECK, CROX, NTES, CMG, STI, ANF, SLB, V, RVBD, SOHU, URE, NKE, SM, CLF

Losing stocks < -2.0% included JNPR, FAZ


Stocks to Watch on Thursday

Holding Above 30 DMA = 15
TLT, UAL, CROX, URE, NTES, HUM, ANR, DECK, WDC, SLB, CHL, CSTR, DE, DLR, STI

Moving Above 30 DMA = 7
ATI, GLW, HLF, LNKD, LVS, V, ZAGG

Moving Below 30 DMA = 2
FAZ, JNPR

Staying Below 30 DMA
CRM, NKE, CIEN, CMG, VMW, AKS, FCX, PCX, RCL, RVBD, CLF, CRUS, DHR, MCP, SWK, TPX, X, ZION, CREE, IBM, INFA, SMH, SWI, BAC, ESI, FAS, SOHU, A, TBT, ANF, F, JDSU, SWKS, TSLA, C, GS, COH, TIF, GRPN, MOS, VECO, UCO, ICE, SINA, TSL, GES, CDE, LDK

Six Week Intermediate Term Market Trend: Neutral
Short Term Market Trend: Up

2 comments:

Scott Avery said...

Very clever title. Apple/juicing the market. So good to have you and your wit back with us. Hope you had a great time.

real asset investment said...

Looks like that little 10pc drop in AAPL was just a quick correction. Now if they can only figure out what to with that $97 billion of cash on their balance sheet.