Thursday, July 26, 2012

SPY, AKAM, WDC, CROX, VECO, SWI, EXPE, DECK Soar...CERN, CSTR, FB, SBUX, ZNGA Fall...


All nine sectors moved higher on Thursday.  XLE, XLP, and XLY were the strongest sectors.

Breadth strengthened as advancers led decliners 2.72 to 1 on the NYSE and 1.89 to 1 on the NASDAQ.

Exchange      NYSE    NASDAQ
Advancers     2,223       1,615
Decliners          817          852

The SPX moved up +22.13 at 1,360.02 closing above its 30 DMA and above the mid-section of its April-July trading range of 1,422 – 1,266

Earnings of Interest Week July 23 - 27
Thursday: MMM, ALK, AMZN, AMGN, CA, CELG, CERN, CSTR, CL, DECK, EXPE, XOM, FB, GILD, INFA, KMB, KLAC, MXIM, NTGR, POT, RCL, SBUX, UAL, UTX, VECO, HSY
Friday:

Technical Commentary:
SPY, DIA and QQQ gapped higher following comments from the ECB that they were committed to the success of the EU and Euro.

Look for earnings reactions to continue after AMZN, DECK, EXPE, CL, MMM and VECO moved higher and CERN, CSTR, FB, SBUX, and UAL moved lower after releasing earnings on Thursday. 
    
The Euro, interest rates and financial stocks rose while the VIX and bonds moved lower.


Thursday Highlights:
SPY closes up 2.21 on 156.4 million shares, closed above 30 DMA
The Euro moved up 126 pips, closed at 1.2280
TNX +0.22 at 14.28
VIX down -1.81 at 17.53
XLF up 21 cents at 14.48

AAPL down -0.09 at 574.88 on 14.5 million shares...
FB down -2.49 at 26.85 on volume of 63.8 million shares, falls another 2.87 after earnings on Thursday...
KYAK up +35 cents, +1.09% at 32.51 on .150 million shares
FIVE +84 cents at 27.89 on ..294 million shares…


The Market Forecast green line is pointed down below 80.


86 of 100 NDX stocks closed higher on Thursday…


 Leading NDX 100 stocks included AKAM, STX, WFM, FOSL, MYL, ADSK, MRVL, SNDK, SBUX, BIDU

Lagging NDX stocks included NFLX, CHRW, PCLN, EXPE, AAPL, EXPD, AMZN, CTXS, RIMM, SPLS

Leading stocks > +2% on Thursday included WDC, CROX, VECO, SWI, HLF, VMW, CRUS, LDK, CIEN, SLB, FAS, GES, JDSU, COH, INFA, V, DECK, NKE, ATI, SWK, STI, FCX, TIF, SWKS, GS, SMH, JNPR

Losing stocks < -2.0% included ESI, GRPN, FB, CLF, UAL, FAZ, LVS, TSLA, RVBD, HUM, CMG, ANR

Stocks to Watch on Friday

Holding Above 30 DMA = 16
URE, MOS, CHL, ANF, SLB, TLT, WDC, UCO, TPX, SWK, TIF, DLR, GS, JNPR, RVBD, SWI

Moving Above 30 DMA = 5
CIEN, COH, CROX, CRUS, DHR, FAS, GES, HLF, IBM, NKE, SMH, SWKS, V, VECO, VMW

Moving Below 30 DMA = 2
FAZ, ZAGG

Staying Below 30 DMA
LNKD, ATI, CRM, FCX, STI, TSLA CMG, CREE, DECK, ESI, ICE, RCL, X, ZION, BAC, C, DE, UAL, FB, AKS, CSTR, JDSU, LDK, MCP, CLF, GLW, INFA, NTES, TSL, A, CDE, SOHU, TBT, HUM, SINA, F, GRPN, ANR, LVS

Seven Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up

No comments: