Eight of nine sectors moved higher on Friday…XLE, XLB, and XLI were
the strongest sectors…XLU was the
weakest sector.
Breadth weakened slightly…advancers still led decliners 2.72 to
1 on the NYSE and 3.00 to 1 on the NASDAQ…
Friday – weakened
slightly, advancers led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
Tuesday – weakened,
advancers led
Monday – strengthened,
advancers led
SPY
up 1.62 at 161.37…volume 96.4 million shares
VIX
down .74 at 12.85…
TNX
up 1.21 at 17.52…
TLT
down 2.92 at 120.93...
XLF
up .20 at 18.85…volume 40.9 million shares
AAPL
up 4.46 at 449.98…volume 12.9 million shares
FB
down .66 at 28.31…volume 58.5 million shares
Technical Commentary:
QQQ + 1.18%, SPY +1.01%, DIA + 0.95% and IWM
+ 1.59%.
SPY and DIA broke out of horizontal resistance on Friday. Look for higher
price targets. IWM closed at horizontal resistance look for potential breakout.
The EURO stayed above its 30 DMA and rose 53 pips to close at 1.3114.
AAPL continued to rise while FB pulled back and tested its horizontal breakout
on Thursday.
SPY and DIA broke out of horizontal resistance on Friday. Look for higher
price targets. IWM closed at horizontal resistance look for potential breakout.
The EURO stayed above its 30 DMA and rose 53 pips to close at 1.3114.
AAPL continued to rise while FB pulled back and tested its horizontal breakout
on Thursday.
Trade what you see on the chart of your position. The intermediate term trend is up with a horizontal resistance breakout on Friday. Traders should lock in profits when targets
are reached. As always look
for re-entry according to your rules.
Chart Signals Strategy Guidelines
Technical setups for
short-term option trades be in and out by earnings release.
Over earnings release use earnings option strategies such as straddles, strangles, OTM calls
or puts.
After earnings look for
bullish setups in positive reaction stocks and bearish setups in negative
reaction stocks.
EPS Reaction Summary
EPS Gainers – AIG, ADP, CBOE, REGN, FB, BZH, EXPD, GM, MDC, STX, V, YELP, ICE,
JRCC, VIAB, CMCSA, DDD, AVP, HLF, CERN, CVX, DHI, TWC, ANGI,
AKAM, ALXN, ALTR, BIIB, COG, CLF, CROX, DOW, ESI, FFIV, HOG, LRCX, LVS, MO,
PHM, RCL, SIAL, XLNX, BA, BRCM, GLW, HES, DAL, COH, DD, NFLX,
ILMN, VECO, LCC, RF, ZION, TRV, LMT, CAT, CHKP, HAL, HAS, CMG, GOOG,
KMB, STI, MSFT, BTU, PEP, UNP, VZ, MAT, AXP, JNJ, INTC, KO, C
EPS Losers – LNKD, TPX, ZAGG, CTRX, GRMN, MRK, SWI, AMZN, BIDU,
CRUS, DECK, EXPE, HSY, KLAC, MXIM, QCOM, PTEN, ABC, MMM, AMGN, T,
JNPR, PNRA, VMW, GE, IBM, ISRG, MCD, MS, PM, UNH, SNDK, EBAY, BAC, USB,
GS, LLTC
Key Earnings this week:
Monday – DDS, SLR, LBTYA
Tuesday – DIS, DTV, MDLZ, SYMC, Z
Wednesday – ATVI, CTSH, GRPN, RAX, TSLA
Thursday – XRAY, DISH, PCLN
Friday –
The Market Forecast Green Line is
pointed up in the Upper Zone.
____________________
Setups
H Breakout: GILD, MMM, BZH, MDC, GMCR, EXPD, SYMC, YHOO,
ORCL, LVS, X, CMCSA, CRUS, IWM, LCC, ATVI,
DTV
Diagonal Breakout: GRPN,
TPX, AMGN
Bull Flag: YELP, PM, JRCC, ANGI, TSLA, VRTX, DD, DECK, ESI, GRMN, MYL, KO, PEP
Potential Bullish Divergence: UNH
Gap Up:
Gap Down:
Bear Flag: SWI, NUAN,
EXPE, QCOM, CTSH, X, IBM, JNPR, DELL,
GE
At Support: FIVE, BIDU
Moves
New Highs: STX, V, ESRX,
PHM, NTES, DDD, INTC, TXN, OIS, AKAM,
BBY, WDC, MSFT, AMAT, GLW, JNJ, NVDA, WYNN, VZ, COH, NKE, SBUX, ILMN,
FSLR,
Gap Up: AIG, GE, AMZN, NFLX
Gap Down: LNKD, ZAGG CTRX
H&D Breakout: SPY, FAS, ADBE, SPLK, DIA, ZION, BA, NTAP,
GOOG, XLNX, EBAY, FB, DAL,
DTV, Z, AAPL, SSYS, BRCM
Bounce: VECO, MNST, DOW, ROST, UNP, TRV, COST, C, HD, BIIB,
MXIM, CSCO, VMW, UNG, JCP, CMG, VRTX,
HSY, LRCX, JNPR, RCL, ABC
MACD Divergence Bounce: SNDK, MU, ATVI
Bear Flag: FAST, FFIV
Support Break: UNG
______________________
85 of 100 NDX stocks closed higher
on Friday…
Leading NDX 100 stocks included:
REGN, GILD, STX, EXPE, CTSH, MNST, MU, PCAR, NTAP, ADBE, SPLS, ADP,
ADSK, MCHP, MXIM
Lagging NDX stocks included:
FB, VRTX, BBBY,CTRX, ORCL, AVGO, BIDU, VIAB, DISCA, GOLD, FAST, CERN,
EQIX
Leading stocks > +2% on Friday included: X, AKS, ATI, VMW, VECO, CLF, GLW, CREE,
HLF, F UCO, SWI, CIEN, FAS, FCS, CSTR, JSDU, V, RVBD, CRUS, SSYS, ZION, CDE
Lagging stocks < -2.0% included: TSL, TPX, YELP, LDK, FAZ
Stocks to Watch on Monday
Holding Above 30 DMA = 73
STRZA, ADP, GILD, BIIB, MAT, PAYX,
YHOO, SBAC, ADBE, MSFT, SRCL, MDLZ, REGN, VOD, BBBY, LIFE, ROST, MNST, WYNN,
DLTR, INTC, DTV, NWSA, SBUX, VRTX, WFM, ATVI, COST, WDC, AKAM, AMAT, GOOG,
NVDA, SIAL, SIRI, STX, TXN, BMC, BRCM, CA, SYMC, ALXN, ESRX, ORLY, PCAR, XLNX,
CERN, CMCSA, FB, AAPL, CHRW, FOSL, KLAC, LINTA, MCHP, XRAY, VRSK, CHKP, ORCL,
SHLD, VIAB, EQIX, VMED, LBTYA, AMGN, CELG, EXPD, GRMN, LLTC, MYL, PCLN, ADI,
DISCA
Moving Above 30 DMA = 7
ADSK, CSCO, ISRG, MU, NTAP, SPLS, PRGO
Moving Below 30 DMA = 0
Staying Below 30 DMA
CTRX, FISV, GOLD, FAST, NUAN,
AMZN, BIDU, EXPE, MXIM, QCOM, HSIC, EBAY, SNDK, AVGO, CTSH, DELL, INTU, ALTR,
CTXS, FFIV
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up
1 comment:
Could Friday's candle on the SPY be seen as a hanging man or even an evening star?
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