All nine sectors moved higher on Friday… XLF, XLB and XLK were the strongest
sectors. XLU was the weakest sector.
Breadth strengthened as advancers led
decliners…3.41 to 1 on the NYSE and 2.62 to 1 on the NASDAQ…
Friday – strengthened,
advancers led
Thursday – strengthened, advancers led
Wednesday – weakened, decliners led
Tuesday – strengthened, advancers led
Monday – weakened, decliners led on NYSE and advancers led on NASDAQ
The chart continues to indicate that the uptrend is more
likely to continue, stay prepared for a potential pullback.
SPY up 1.54 at 151.24...volume 131.1 million
shares…
VIX down -1.38 at 12.90…
TNX up 0.25 at 20.10…
TNX up 0.25 at 20.10…
TLT down -1.52 at 115.54…
XLF up 23 cents at 17.61…volume 57.9 million shares
XLF up 23 cents at 17.61…volume 57.9 million shares
AAPL down -1.87 at 453.62…volume 19.3 million shares…
FB down -1.25 at`29.73…on volume of 85.8
million shares…
Look for stocks that
have reported good earning and that are in an uptrend and with earnings winding
down those that report good earnings and guidance.
Earnings to Watch this
Week:
Monday – BIDU, XRAY,
GILD, HUM, LIFE, RCL, SOHU, SWI, VECO
Tuesday – ADP, CME, CMG, EXPE, FISV, HCA, K, PNRA, SIRI, VMED, DIS, ZNGA
Wednesday – AKAM, LF, NTES, NWSA, NUS, ORLY, PRU, TSO, TWX, V, YELP
Thursday – CTSH, CSTR, HAS, LNKD, MCHP, NUAN, OPEN, PCAR, PM, RVBD, SIAL,
Friday – AOL, CBOE, MCO
__________________
Technical Commentary:
The SPY moved above the
high of the low day after a modest two day pullback. QQQ +1.18%, SPY +1.03%, IWM +0.88%, DIA +0.96%, moved higher as AAPL shares moved down –1.87 forming a spinning top. FB closed down -1.25
after reporting better than expected earnings on Wednesday.
The Euro was up 74 pips to close at 1.3651, making a new one year high on Friday
continuing its strong uptrend.
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.
Disk storage stocks WDC
and STX were slightly
lower.
Coal stocks ANR, ACI, CNX, BTU, WLT,
and JRCC were mixed on Friday.
The Market
Forecast Green Line is in the upper reversal zone.
____________________
Setups
Breakout: GMCR,
JNPR, CERN, C, FFIV, TEX, SHLD, SWK, LVLT, RSH, BAC,
Diagonal Breakout: ZNGA,
Bull Flag: PCLN, MON, CRM, NIHD,
XRX, DE, CHK, QCOM, CTXS, FB, PBI, WMS, MJN, TIF, PBI,
UNG
Gap Up:
Gap Down:
Moves
Gap Up: PMCS, MTW, PRGO,
Gap Down: TLAB, VPRT,
Breakout: CLB, LVS, CRR, GME, ATI, COST, ADI, AVX, JDSU,
SWKS, FTNT, TSCO, VIAB, ZION, CLF, FAST, FIVE, GS
Bounce: ATML, LSI, LVLT, MOS, C, BAC, MGM, STI, FFIV,
TEX, SHLD, SINA, SWK, HES, RMD, SBAC, ESI, LIFE, BPOP,
NUAN, STRZA
____________________
89 of 100 NDX stocks
closed higher on Friday…
Leading NDX 100 stocks included: PRGO, ALXN,
MU, LBTYA, ALTR, MCHP, CTRX, EXPE, DELL, SIRI
Lagging NDX stocks included: FB, FOSL, STX,
REGN, MNST, WDC, ROST, AAPL, AMZN, VOD
Leading stocks> +2% on Friday included: VECO, ATI, FAS, BAC, GMCR, VMW, SSYS, SINA, SOHU, ZION, STI, TBT,
GRPN, AKS, ANF, VRSN, TSL, SLB, TSLA, C
Lagging stocks < -2.0% included: YELP,
FAZ, HLF, ESI, ZAGG, LDK, CSTR, COH
Stocks to Watch on Monday…
Holding Above 30 DMA = 79
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV, ORCL, COST, NWSA, DISCA, AMAT, CTSH, FOSL, KLAC, VIAB, NUAN, STX, LBTYA, WDC, CHKP, FAST, MCHP, SNDK, EQIX, STRZA, CHRW, SIRI, BIDU, VRSK, ADP, EBAY, EXPE, LINTA, MU, SRCL, SYMC, WYNN, FB, CA, CELG, GILD, HSIC, INTU, LIFE, PCLN, MDLZ, CTRX, ROST, SPLS, AVGO, ATVI, SHLD, MSFT, MYL, NTAP, MXIM, CERN, WFM, XRAY, VOD, DLTR, ISRG, GOOG, ORLY, BBBY, BIIB, MAT, PAYX, AMZN, AKAM, CTXS, QCOM
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV, ORCL, COST, NWSA, DISCA, AMAT, CTSH, FOSL, KLAC, VIAB, NUAN, STX, LBTYA, WDC, CHKP, FAST, MCHP, SNDK, EQIX, STRZA, CHRW, SIRI, BIDU, VRSK, ADP, EBAY, EXPE, LINTA, MU, SRCL, SYMC, WYNN, FB, CA, CELG, GILD, HSIC, INTU, LIFE, PCLN, MDLZ, CTRX, ROST, SPLS, AVGO, ATVI, SHLD, MSFT, MYL, NTAP, MXIM, CERN, WFM, XRAY, VOD, DLTR, ISRG, GOOG, ORLY, BBBY, BIIB, MAT, PAYX, AMZN, AKAM, CTXS, QCOM
Moving Above 30 DMA = 12
ADBE,
ALXN, AMGN, BMC, CMCSA, ESRX, FISV, INTC, NVDA, VRTX, YHOO, PRGO
Moving Below 30 DMA = 0
Staying Below 30 DMA
DTV, SBAC, BRCM, ALTR, REGN, GRMN, MNST, AAPL, GOLD
Eleven Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Up
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