Seven of nine sectors moved higher on Friday and one
remained unchanged… XLE, XLK and XLY were the strongest sectors…. XLP was the weakest sector.
Breadth strengthened but with advancers leading decliners…2.11 to
1 on the NYSE and 1.73 to 1 on the NASDAQ…
Friday – strengthened,
advancers led
Thursday – weakened, decliners led
Wednesday – weakened, advancer led
Tuesday – strengthened, advancers led
Monday – weakened, decliners led
SPY up 84 cents at 151.80...volume 103.1 million
shares…
VIX down -0.48 at 13.02…
TNX up .03 at 19.54…
TNX up .03 at 19.54…
TLT up 45 cents at 117.12…
XLF up 4 cents at 17.60…volume 44.6 million shares
XLF up 4 cents at 17.60…volume 44.6 million shares
AAPL up 6.76 at 474.98…volume 22.6 million shares…formed doji
FB down 10 cents at`28.55…on volume of 37.7
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 rose 84 cents making
another new high close and breaking above its twelve day sideways consolidation. QQQ +1.03%,
IWM +0.71%, SPY +0.56%, each made a new high close while DIA +0.32% closed within one cent of its recent
high.
AAPL shares moved up 6.76 following
Thursday’s break above recent resistance of its consolidation/basing pattern. FB moved down 10 cents in a five-day
sideways consolidation.
The Euro closed down 34 pips to close at 1.3362 still
in a higher low bull flag pattern.
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
+1.87% and STX
+2.13% were higher.
Coal stocks JRCC, BTU and WLT where
higher while ANR, CNX and ACI were lower on Friday.
The Market
Forecast Green Line is in the upper reversal zone.
____________________
Setups
Breakout: PM, ZION,
BBRY, DNDN, TEX, FIVE, DECK, JNPR, C, FFIV, SHLD, LVLT, STRZA, QCOM
Diagonal Breakout: SWK, LSI, SBAC, ESI, CLF, CHK, NUS,
Bull Flag: MON, CRM, XRX, DE, QCOM, CTXS, WMS,TIF, PMCS, PRGO, CRR, VIAB, MOS, LIFE, RCL,
MBI, AGO, WYN, SWKS, FTNT, SINA, ATI,
Gap Up:
Gap Down:
Moves
Gap Up: LNKD, ATVI, AOL, MCHP
Gap Down: NUAN, RVBD, MCO, CSTR
Breakout: MJN, RSH, MGM,
STI, GES, AVX, BPOP, NFLX, GS, ZNGA, JDSU
Bounce: ADI, GME, LVS, HES, FAST, CERN, RS, COST,
PRGO, CLB, ATML, ORLY, NTES, PTEN, CBG, TW, CNW, AAP, RL, CTSH, PBI, MTW, GCI,
PCLN, RMD, TSCO, AKAM, CPA, TDC
____________________
81 of 100 NDX stocks
closed higher on Friday…
Leading NDX 100 stocks included: ATVI, MCHP,
DLTR, NWSA, WYNN, ADI, ADBE, EQIX, ALTR, BIIB
Lagging NDX stocks included: NUAN, CTRX, MNST,
FOSL, SRCL, SPLS, INTU, MDLZ, GOLD, SIRI
Leading stocks> +2% on Friday included: LNKD, NTES, GES, GRPN, YELP, UJAL, LVS
Lagging stocks < -2.0% included: RVBD,
CSTR, TSL, VECO, ESI, ANR, GMCR, LDK, JNPR, MCP
Stocks to Watch on Monday…
Holding Above 30 DMA = 73
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV, COST, NWSA, DISCA, AMAT, FOSL, KLAC, VIAB, STX, WDC, CHKP, FAST, MCHP,SNDK, STRZA, SIRI, VRSK, 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, DTV, ESRX, YHOO, CTSH, LBTYA
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV, COST, NWSA, DISCA, AMAT, FOSL, KLAC, VIAB, STX, WDC, CHKP, FAST, MCHP,SNDK, STRZA, SIRI, VRSK, 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, DTV, ESRX, YHOO, CTSH, LBTYA
Moving Above 30 DMA = 8
ALTR, AMGN, CMCSA, DLTR, EQIX, NVDA, ORCL, VRTX
Moving Below 30 DMA = 2
CTRX, NUAN
Staying Below 30 DMA
AKAM, GOLD, INTU, AMZN, BMC, CHRW, BIDU, ALXN, FISV, INTC, FB,
SBAC, BRCM, REGN, GRMN, MNST, AAPL
Eleven Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Up
2 comments:
Dave:
Thanks again.
Robert
CANI_212
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