Tuesday, October 16, 2012

EURO, XLF, SPY, AAPL Continue To Rise...



All nine sectors moved up again on Tuesday…XLB, XLE and XLK were the strongest sectors.

Breadth strengthened on Tuesday… advancers led decliners 2.06 to 1 on the NYSE and 2.14 to 1 on the NASDAQ…

Exchange     NYSE    NASDAQ
Advancers    2,266      1,585
Decliners        739         739

SPY up 1.46 cents at 145.54...volume 108.6 million shares
VIX down 5 cents at 15.22
TNX up 57 cents at 17.20
TLT down 1.71 cents at 121.98…
XLF up 10 cents at 16.09…


AAPL up 15.03 at 649.79volume 19.6 million shares

FB down 4 cents at`19.48volume 21.8 million shares…


Technical Commentary:  FSLR rose 8.3%...FOSL advanced 7.3%...MAT also rose 5%...INTC gained 2.9% helping the Dow move higher closing at  +127.55…Euro
rose…as did Interest Rates…

Earnings Season brings more reports this next week...
 
Earnings to Watch:
Monday - C
Tuesday – INTC, IBM, GS, ISRG, APOL, LLTC, MAT, STT
Wednesday – BAC, AXP, EBAY, WYNN, LRCX, XLNX, CHKP
Thursday – GOOG, MSFT, SNDK, MS, RVBD, ALXN, FLEX
Friday –


Chart Targets:
SPY = 147.88 2.61 Fib
ES = 1,466.00 2.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345 S&R Measuring

Short-term support at
143.09, 142.33 = SPY
1,424, 1,414.50, 1,400 = ES
2,695, 2,650 = NQ


Setups:
Bull Flag:  FAS, RCL, UAL, NTES

Resistance Setup:  FOSL,

At Support:

Break of Support: 

Gap Up:  MAT,

Gap Down:  

Resistance BO:  AMGN, ISRG, ADBE,

Bounce:  MXIM, LLTC, QCOM, SBUX, BRCM, CA, AMAT, FLEX, AVGO, NVDA, GLW, CLF, TIF, JDSU, JNPR, SWKS,

90 OF 100 NDX stock closed higher on Tuesday…

Leading NDX 100 stocks included:  FOSL, MAT, ISRG, AVGO, BRCM, SHLD, MRVL, FFIV, NVDA, INTC, ADBE, CTXS, LINTA, SBUX, MXIM

Lagging NDX stocks included: FAST, ORLY, WCRX, ATVI, APOL, PCLN

Leading stocks > +2% on  Tuesday included:  CLF, CRUS, SWKS, JNPR, GLW, TIF, VECO, JDSU, VMW, AKS, DECK, X, TSL, FCX, CREE

Lagging stocks < -2.0% included: LDK


Stocks to Watch on Wednesday…
Holding Above 30 DMA = 27
GS, C, FAS, FCX, RCL, BAC, CDE, ZION, HUM, GLW, DE, DHR, IBM, V,  GRPN, NTES, UAL, HLF, TPX, CLF, X, ANR, CRM, F, TLT, AKS, LVS

Moving Above 30 DMA =6
ATI, CRUS, GES, NKE, SLB, TIF    


Moving Below 30 DMA = 2
CHL, STI

Staying Below 30 DMA
RVBD, TBT, A, LNKD, LVS, SWK, TSL, TSLA, VMW, FB, ZAGG, SWI, SINA, CMG, INFA, JDSU, SOHU, MCP, ESI, ICE, MOS, ANF, CREE,  JNPR, URE, COH, CROX, VECO, CSTR, DECK, UCO, DLR, SMH, SWKS, X, WDC, CIEN, FAZ, LDK


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

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