Wednesday, November 28, 2012

GMCR + 27%, Reports Better Than Expected EPS...COST + 6%...Better Than Expected Sales, Declares $7 Special Dividend...



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

Breadth
strengthened on Wednesday as advancers led decliners2.25 to 1 on the NYSE and strengthened 1.59 to 1 on the NASDAQ…

SPY up 1.13 at 141.46...volume 177 million shares…
VIX down .41 at 15.51
TNX down .28 at 16.17…
TLT down .18 cents at 125.11…
XLF
up .06 cents at 15.70…volume 47.5 million shares

AAPL down 1.84 at 582.94…volume 18.6 million shares
FB up .21 cents at`26.36…on volume of 49.1 million shares…

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Technical Commentary:
The SPY closed above its 30 dma. the VIX moved down and did confirm the SPY move up.

The ES closed up 9.25  at 1,406.75…NQ futures closed up 20.00 at 2,661.75.

The weight of the evidence continues to suggest the Nov 16 low is likely to hold and Wednesday’s support bounce suggests continuation to higher levels.

The Euro closed up 14 pips at 1.2957 on Tuesday.

TNX, interest rates moved lower and TLT, bonds moved down 18 cents.  XLF was up .06 cents to 15.70.

SPY –  14 day high close, closed above 30 dma
AAPL closes above S1 and 30 dma
FB – new high close, BO continuation
FAS – piercing line, bull flag 
AMZN – large white candle, BO continuation
EXPE – white candle, BO above 61.24
STX –  spinning top, new low
VIAB – white candle, DBO continuation
RIMM – piercing line, bull flag
CRUS – white candle, flag bounce
F – white candle, bounce continuation
PHM – potential hanging man, above 30 dma
SWK – large white candle, bound above 30 dma
SWI – large white candle
RAX – huge white candle, bounce above 30 dma
URI – large white candle, bounce above 30 dma
YELP – doji, BO continuation, bounce above 30 dma
XHB  potential hanging man, bounce above 30 dma
XRT – huge white candle, bounce above 30 dma

BO = breakout, DBO = diagonal breakout, CT = counter-trend, IT = intermediate term

The Market Forecast Green Line is pointed up above the lower reversal zone.

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Chart Targets:
SPY = 141.68, 143.52 short-term resistance
ES =
 1,414…1,425  fib extension
EUR/USD = 1.3020 short-term resistance

Short-term support at
1.2930, 1.2833 = Euro
139.57 = SPY
83.20 = SPXL
1,386.50 = ES
2,596 = NQ


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86 of 100 NDX stocks closed higher on Wednesday…


Leading NDX 100 stocks included: GMCR, COST, AKAM, ADSK, RIMM, PCLN, WYNN, MRVL, FOSL, ALTR, AMAT, SBUX, ALXN, PCAR, GRMN

Lagging NDX stocks included: SHLD, MNST, VRTX, NFLX, STX, CSCO, DELL, SRCL, INFY, AAPL

Leading stocks > +2% on Wednesday included:  TSL, GRPN, LDK, DECK, VECO, AKS, GES, COH, JDSU, JNPR, VMW, TSLA, SWK, ANF, CDE, X, NKE

Lagging stocks < -2.0% included: HLF, MCP, WDC

Stocks to Watch on Wednesday…
Holding Above 30 DMA
YHOO, MYL, ORLY, CERN, NFLX, RIMM, XRAY, PCLN, SBUX, QCOM, HSIC, GILD, SPLS, NTAP, CSCO, EXPE, GMCR, VMED, ATVI, CHKP, EA, EXPD, LLTC, MNIM, PCAR, TXN,  XLNX, AMGN, BIIB, CELG, DLTR, EBAY, LIFE, SIAL, AMZN, BBBY, FISV, ADSK, ALTR, AVGO, CHRW, DELL, FFIV, MAT, MRVL, MU, BRCM, INFY, ORCL, SRCL, AAPL, BMC, COST, KRFT, MNST

Moving Above 30 DMA = 10
ADBE, ALXN, CMCSA, FOSL, GOOG, GRMN, LRCX, NWSA, SYMC, WYNN

Moving Below 30 DMA = 0

Staying Below 30 DMA
ISRG, PAYX, WFM, WYNN, SIRI, LINTA, KLAC, SHLD, FLEX, STX, MSFT, INTU, AMAT, NVDA, MCHP, SNDK, AKAM, PNRA, GOLD, INTC, ADP, FAST, BIDU, CTSH, IAB, GOOG, ESRS, VRXN, ALXN, MNST, APOL, VRTX, WCRX, BMC, VOD, DTV, NUAN, AAPL, CA, CTXS, ROST


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






2 comments:

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