Four of nine sectors moved higher on Friday…XLU, XLF and XLB were the strongest sectors …XLP was the weakest sector….
Breadth weakened… as decliners led advancers…1.14 to 1 on the NYSE and 1.24 to 1 on the NASDAQ…
Friday – weakened, decliners led
Thursday – strengthened, advancers led
Wednesday – strengthened, advancers led
Tuesday – weakened, decliners led
Monday – weakened, advancers led
SPY down 21 cents at 155.83...volume 136.8 million
shares…paid 69 cent dividend
VIX unchanged at 11.30
TNX down -0.37 at 19.96…
TNX down -0.37 at 19.96…
TLT up 54 cents at 115.76…
XLF up 6 cents at 18.45 volume 50 million shares
XLF up 6 cents at 18.45 volume 50 million shares
AAPL up 11.06 at 443.66…volume 23 million shares…
FB down 40 cents at`26.64…volume 31.6 million
shares…
Technical Commentary:
The SP moved slightly lower on Friday
on weakness in semiconductors, biotechs, retail stocks, consumer staples
and technology. Financial and
basic material stocks were stronger on Friday. TNX fell as TLT bonds moved higher.
IWM -0.05%, SPY -0.13%, DIA -0.14%
and QQQ -0.28% moved lower.
AAPL gained 11.06 and closed at its highest level in twelve days, above its 10
DMA and just $4 below its 30 DMA.
AAPL last closed above its 30 DMA on Jan 2 FB was down 40 cents continuing
to form a MACD bullish divergence at support below
its 30 DMA and is still a setup for a potential C Pattern Entry after
a support bounce.
STX -1.50% and WDC -1.09% closed lower for the first time in six days.
The Euro was up 73 pips and closed at 1.3075 on Friday. The Euro has traded at its 1.30
support area for the past 14 days and may be poised for a
breakout of its short-term trading range.
Trade what you see on the
chart of your position. The trend is up and traders should lock in profits when targets are
reached. As always look for re-entry according to your rules.
The SPY’s
trend continued higher. Eight of nine
sector ETFs including XLP, XLU, XLV, XLY, XLK, XLF, XLI, XLE
are positive XLB continued neutral.
The Market
Forecast Green Line is in the
upper reversal zone.
____________________
Setups
Breakout: AL, ANR, MGM, ICE, FTNT, ADM, FTI, CTXS, PMCS,
AVX, SPLK, MON, CBOE, CLB, SLM, LNKD, IM
Diagonal Breakout: CMCSA, EXPD, FAST, NFLX, URI, JRCC, BTU, DECK, SPWR, HLF, GNC, TEX
Bull Flag: BRCM, CSCO, CTSH, DLTR,
GOOG, INTU, LBTYA, MXIM, PCLN, STX, AVGO MBI, CRM, CIEN, JDSU, RF, ILMN, ZNGA, NTES,
DWA, STI, WHR, HRB, CSTR, CBG, JPM, FIVE, SSYS, CREE, ASNA,
Potential Bullish Divergence: FB, EBAY, ROST, CCL, IPI, SINA, RHT
Bear Flag: TFM, CPRT, MJN, DKS, KORS, JCP, DDS, HSP
Break of Support: KLAC, QCOM, FB, EBAY, FB, CCL, WLT, DNDN, HRS, AOL, IPI, SINA, RAX,
GES, AKAM, RCL
Moves
Highlights: NFLX, NTES,
TPX, CREE, SSYS, ANGI, Z, BBRY
Gap Up: OGE, CNP, NAV
Gap Down: ULTA
Breakout: MNST, ACI, INT,
UNG, EXPE, MTW, CBS,
PTEN, PM, CRR, MDRX, VMW, ESRX, SHLD, SNDK, WDC, STRZA, WPO, MYGN, IBM, HES,
CNW, PBI, PRGO, VECO, DE, CHK, MWV, MOS, TRIP, Z, TPX, COG
Bounce: ALXN, XRX, A, AMGN, MSFT, ANGI, CLR, BBRY, P, AVP,
MACD Divergence Bounce: CORN, SLB,
Bear Flag: FL, GRMN, BTU, MCP, AGU, CTL, EXPD
Support Break: DDD, CLF, FFIV
____________________
23 of 100 NDX stocks
closed higher and one was unchanged on
Friday…
Leading NDX 100 stocks included: DTV, MNST,
AAPL, ESRX, ALXN, CSCO, STRZA, SRCL, VRSK, ROST
Lagging NDX stocks included: ISRG, NUAN, KLAC,
MU, AMAT, EBAY, ATVI, QCOM, EQIX, ADI
Leading stocks> +2% on Friday included: LDK, GRPN, ANR, BAC, MCP, CDE
Lagging stocks < -2.0% included: SSYS,
TSLA, URI, NTES, SWKS, FSLR, FIVE
Stocks to Watch on Monday…
Holding Above 30 DMA = 73
VMED, ADI, DELL, NWSA, MCHP, SNDK, STRZA, ADP, SYMC,GILD, HSIC, ATVI, CERN, GOOG, ORLY, BIIB, MAT, PAYX, PRGO, YHOO, ALTR, DLTR, ESRX, MNST, AMGN, DISCA, MU, SBAC, TXN, ADBE, CELG, CMCSA, FISV, INTU, NVDA, MSFT, MYL, SRCL, VRTX, MDLZ, LBTYA, VRSK, SIAL, CTSH, CTXS, PCLN, REGN, VIAB, ADSK, INTC, ORCL, SBUX, SIRI, BMC, CA, CSCO, MXIM, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, LINTA, SHLD, WDC, BRCM, DTV, EXPE, LIFE, STX, FOSL, SPLS, CHRW, WYNN
VMED, ADI, DELL, NWSA, MCHP, SNDK, STRZA, ADP, SYMC,GILD, HSIC, ATVI, CERN, GOOG, ORLY, BIIB, MAT, PAYX, PRGO, YHOO, ALTR, DLTR, ESRX, MNST, AMGN, DISCA, MU, SBAC, TXN, ADBE, CELG, CMCSA, FISV, INTU, NVDA, MSFT, MYL, SRCL, VRTX, MDLZ, LBTYA, VRSK, SIAL, CTSH, CTXS, PCLN, REGN, VIAB, ADSK, INTC, ORCL, SBUX, SIRI, BMC, CA, CSCO, MXIM, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, LINTA, SHLD, WDC, BRCM, DTV, EXPE, LIFE, STX, FOSL, SPLS, CHRW, WYNN
Moving Above 30 DMA = 0
Moving Below 30 DMA = 5
ALTR,
AMAT, COST, LLTC, QCOM
Staying Below 30 DMA
AMZN, SIRI,
FAST,CTRX, EQIX, CHKP, MNST, ROST, KLAC, ISRG, EBAY, FFIV, NTAP, GRMN,
WFM, EXPD, NUAN, AKAM, GOLD, BIDU, FB, AAPL
Ten Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Up
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