Seven of nine sectors moved higher on Thursday and XLE, XLF and XLP were the strongest sectors…. XLU was the weakest sector.
Breadth weakened but advancers still led decliners…1.01 to 1 on the NYSE and 1.15 to 1 on the NASDAQ…
Thursday – weakened, advancers led
Wednesday – weakened, advancers led
Tuesday – strengthened, advancers led
Monday – weakened, decliners led
Friday – strengthened,
advancers led
SPY up 14 cents at 152.29...volume 80.8 million
shares…
VIX down .32 at 1266…
TNX down .19 at 20.00…
TNX down .19 at 20.00…
TLT up 1.05 at 116.84…
XLF up 6 cents at 17.84…volume 31.3 million shares
XLF up 6 cents at 17.84…volume 31.3 million shares
AAPL down 42 cents at 466.59…volume 12.6 million
shares…
FB up 59 cents at`28.50…on volume of 35.6
million shares…
Look for stocks that
have reported good earnings and are in an uptrend.
Earnings Commentary:
With earnings season winding down notable movers have included:
Positive
– ATVI, AOL, HUM, CMG, ZNGA, NTES, ORLY, TSO, TWX, HAS, LNKD, MCHP, OPEN, PM,
ZION, AMZN, BA, CTXS, EA, JDSU, QCOM, SWKS, AET, MO, CTRP, UA, VIAB, WHR, MAT,
PRGO, GE, SLB, STT, GOOG, NFLX, EBAY, GS, CREE, TPX, MJN, FFIV, TSCO, DV, PTEN,
CBG, TW, CNW, AAP, ESI, RL
Negative – MCO, BIDU, RCL, SWI, CME, AKAM,
CSTR, NUAN, RVBD, BMC, VMW, STX, BRCM, BTU, PHM, MRK, AAPL
Technical Commentary:
The SPY gained 13 cents making another New High
Close. IWM +0.25% and SPY +0.09% continued
to move higher while DIA -0.01% and QQQ -0.03% were flat.
AAPL shares moved down 45
cents finding support around 465 its consolidation/basing
pattern resistance high. FB moved up 59 cents bouncing
after Wednesday’s small bullish engulfing pattern.
The Euro was down 90 pips and closed at 1.3363 still in a bull flag pattern. The SPY rose on Thursday without
the support of the Euro. A rising
Euro with rising interest rates, falling bonds and rising
financial stocks can help lift the SPY towards its chart targets of
154.04 and 158.83.
Trade what you see on the
chart of your position. Stay with the uptrend according to your rules. If the
stock begins to rollover protect your profits then look potential re-entry
according to your rules.
Disk storage stocks WDC
+0.37% and STX
-0.17% were mixed.
Coal stocks ANR +13.90%, JRCC +9.29%, WLT
+5.82%, ACI +4.93%,
BTU +4.51%, and CNX +3.36% where higher
following better than expected results from ANR. Solar stocks SPWR +22.40%,
FSLR, TSL and LDK were higher.
The Market
Forecast Green Line is in the upper reversal zone.
____________________
Setups
Breakout: NFLX, GLW,
CRR, WLT, ATVI, SHLD, RSH, MGM, GES, BPOP, CERN, WDC,
Diagonal Breakout: FB, BBRY, SINA, NUS, GME, LVS, COST, CTSH, STX,
Bull Flag: FOSL, NTES, JNPR, FFIV,
XRX, QCOM, WMS, PMCS, WYN, DNDN, ZNGA, CNW, C, DECK,
STI, KORS, RCL, FIVE, ALB, RL,
Gap Up:
Gap Down:
Moves
Highlights: CTXS, WHR,
TPX, NFLX, SWKS, BBRY, SINA, FB, NTES, FSLR
Gap Up: STZ, GNC, IM, ANGI
Gap Down: WFM, CTL, WTW,
ULTA, ITRI, WIN, TFM, HSP
Breakout: SPWR, ATML, AOL,
SLB, SWKS, CNX, GRPN, LNKD, PRGO, MJN, AVX, MBI, SWK, LSI, CSTR, ALTR, PM, TEX, ZION, STRZA, ATI, GS, JDSU,
VMI, FTI
Bounce: GMCR, SINA, LIFE, VIAB, CRR, AGO, HES, FAST, MTW, DNB, AVP, MAS, AIZ,
AKAM, ESI, MCHP, PCLN, MCO, CERN, RS, CLB, ORLY, PTEN, CBG, TW, PBI, TSCO, CPA, SWK, CRM, TIF,
FTNT, ADI, GCI, RMD, RCL, SBAC, CLF, RAX, DPS,
Support Break: DE, CCL
____________________
54 of 100 NDX stocks
closed higher on Thursday and one was
unchanged…
Leading NDX 100 stocks included: EQIX, NUAN,
NVDA, BRCM, FB, ALTR, ATVI, SHLD, XLNX, MU, AKAM, MCHP, LINTA, MXIM
Lagging NDX stocks included: WFM, ALXN,
MDLZ,DTV, VOD, VRTX, LBTYA, FFIV, GOLD, CHRW, INTO DISCA, HSIC, SIRI, CTRX
Leading stocks> +2% on Thursday included: ANR, GRPN, LDK, CSTR, HLF, TSL, AKS, SINA, SLB, X, GMCR, SWKS, CDE,
SOHU, ICE, LNDK, FB
Lagging stocks < -2.0% included: SSYS
Stocks to Watch on Friday…
Holding Above 30 DMA = 66
SBUX, CSCO, VMED, LLTC, PCAR, XLNX, TXN, ADI, ADSK, DELL, FFIV, NWSA, DISCA, AMAT, FOSL, KLAC, VIAB, STX, WDC, CHKP, FAST, MCHP,SNDK, STRZA, SIRI, ADP, EBAY, EXPE, LINTA, MU, SRCL, SYMC, WYNN, CA, CELG, GILD, HSIC, LIFE, PCLN, MDLZ, ROST, SPLS, AVGO, ATVI, SHLD, MSFT, MYL, NTAP, MXIM, CERN, WFM, XRAY, VOD, ISRG, GOOG, ORLY, BBBY, BIIB, MAT, PAYX, CTXS, QCOM, ADBE, PRGO, YHOO, ALTR, DLTR, NVDA, ORCL, CMCSA, CTRX, AMZN, ESRX, SIAL
SBUX, CSCO, VMED, LLTC, PCAR, XLNX, TXN, ADI, ADSK, DELL, FFIV, NWSA, DISCA, AMAT, FOSL, KLAC, VIAB, STX, WDC, CHKP, FAST, MCHP,SNDK, STRZA, SIRI, ADP, EBAY, EXPE, LINTA, MU, SRCL, SYMC, WYNN, CA, CELG, GILD, HSIC, LIFE, PCLN, MDLZ, ROST, SPLS, AVGO, ATVI, SHLD, MSFT, MYL, NTAP, MXIM, CERN, WFM, XRAY, VOD, ISRG, GOOG, ORLY, BBBY, BIIB, MAT, PAYX, CTXS, QCOM, ADBE, PRGO, YHOO, ALTR, DLTR, NVDA, ORCL, CMCSA, CTRX, AMZN, ESRX, SIAL
Moving Above 30 DMA = 3
BRCM, COST, EQIX
Moving Below 30 DMA = 7
FFIV, ORCL, VOD, VRTX, WFM, MDLZ, VRSK
Staying Below 30 DMA
EXPD, LBTYA, COST, CTSH,
DTV, EQIX, AMGN, NUAN, AKAM, GOLD, INTU, BMC, CHRW, BIDU, ALXN, FISV, INTC, FB, SBAC, BRCM, REGN, GRMN, MNST, AAPL
Twelve Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Up
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