Seven of nine sectors moved higher on Friday…XLV, XLY, and XLF were
the strongest sectors…XLE was the
weakest sector.
Breadth strengthened…advancers
led decliners 1.73 to 1 on
the NYSE and 1.97
to 1 on the NASDAQ…
Friday
– strengthened, advancers led
Thursday – weakened,
decliners led
Wednesday – weakened,
advancers led
Tuesday – strengthened,
advancers led
Monday – weakened,
advancers led
SPY
up .53 at 163.41…volume 103.2 shares
VIX
down .54 at 12.59…
TNX
up .87 at 19.00…
TLT
down 1.29 at 118.75...
XLF
up .08 at 19.25…volume 53.3 million shares
AAPL
down 3.80 at 452.97…volume 11.9 million shares…forming a
bull flag
FB
down .36 at 26.68…volume 30.8 million shares…continuing to
form a bull flag
Technical Commentary:
IWM + 0.76%, QQQ + 0.61%, SPY + 0.32%, and
DIA +0.13% closing on new highs on
Friday.
The Euro fell 52 pips to its five-week support level on Friday. TNX interest rates jumped as bonds TLT fell -1.29 breaking
four-week support. XLF financial
sector is forming a pennant pattern.
Trade what you see on the chart of your position. The intermediate term trend is up with a horizontal resistance breakout setup. 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 – MCP,
WCRX, NVDA, PCLN,
GMCR, GRPN, TSLA, EA, DVA, WFM, CTSH, DTV, LBTYA, 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 – DISH, XRAY, ATVI, RAX, MNST, Z, 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
The Market Forecast Green Line is
pointed up in the Upper Zone.
____________________
Setups
H Breakout: FFIV, ORCL, JCP, SWK, JNPR, AMAT, BBBY,
ESRX, NTAP, NFLX
Diagonal Breakout: ANGI, TPX, GS, JRCC, ADBE, UNG, Z, DELL, FB,
QCOM, ANR, ATI, CMG, WLT
Bull Flag: AAPL, CNX,
GILD, STI, GRPN, UAL, RVBD, MSFT, STX,
WDC, YELP, CMCSA, ROST, SIRI, ALK, BAC, SSYS
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: NUAN, LNKD, UNG
Moves
New Highs: SPY, QQQ,
IWM, DIA, AKAM, BRCM, CLF, COH, CREE, DTV, FSLR, GLW, GMCR, INTC, MU, P, PHM, SMH,
SOHU, TIF, TSLA, ZION, ANF, RCL, SWKS, WYNN
Gap Up: MCP,
Gap Down: RAX
H&D Breakout: SHLD,
FSLR, ESI, PCLN, FIVE, ALXN, P, CSCO, FAST, CRM, LVS, SPLK, HUM, TSL, BIDU, BBRY, JNPR, NFLX,
Bounce: SWI, MYL, YHOO,
JCP, LVS, SPLK, DECK, NKE, AMGN, ATVI, MNST, TRIP, VECO, VMW, X, ZAGG, CMG
MACD Divergence Bounce:
Bear Flag:
Support Break: TLT
______________________
85 of 100 NDX stocks closed higher
on Friday…one was unchanged…
Leading NDX 100 stocks included:
SHLD, ALXN, EXPE, VRTX, NVDA, REGN, FAST, ATVI, CELG, PCLN, AKAM, YHOO,
GRMN, PRGO, AMGN, INTU
Lagging NDX stocks included:
CTSH, GOLD, FB, ISRG, AAPL
Leading stocks > +2% on Friday included: MCP, TSL, TSLA, LDK, ESI, SOHU, CLF,
DECK, ANR, SINA, TPX, ZAGG, SWI, HUM, GES, CRM, AKS, CREE, VECO, LVS, TBT, VMW
Lagging stocks < -2.0% included: HLF, LNKD
Stocks to Watch on Monday
Holding Above 30 DMA= 80
STRZA, ADP, GILD, BIIB, MAT, PAYX,
YHOO, SBAC, MSFT, SRCL ,REGN, VOD, BBBY, LIFE, ROST, WYNN, DLTR, INTC, DTV,
NWSA, SBUX, VRTX, WFM, COST, WDC, AKAM, AMAT, GOOG, NVDA, SIAL, SIRI, STX, TXN,
BMC, BRCM, CA, SYMC, ALXN, ESRX, ORLY, PCAR, XLNX, CERN, CMCSA, AAPL, FOSL,
KLAC, LINTA, MCHP, XRAY, VRSK, CHKP, ORCL, SHLD, VIAB, EQIX, VMED, LBTYA, CELG,
EXPD, GRMN, LLTC, MYL, PCLN, ADI, ADSK, MU, NTAP, SPLS, ALTR, BIDU, HSIC, FISV,
SNDK, AVGO, EBAY, FFIV, GOLD, MXIM, ISRG
Moving Above 30 DMA = 6
AMZN, ATVI, CSCO, FAST, QCOM, PRGO
Moving Below 30 DMA = 1
FB
Staying Below 30 DMA
ADBE, MNST, MDLZ, CHRW, DISCA,
AMGN, CTRX, NUAN, EXPE, CTSH, DELL, INTU, CTXS
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up
1 comment:
what's a h&d breakout ?
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