Friday, June 28, 2013

Stocks Finish The Week Sluggish And Weaken Slightly...BBRY Finishes Down 27.76% After Downgraded...

Two of nine sectors moved higher on Friday… XLY, XLU and XLE were the strongest sectors…XLV was the weakest sector.

Breadth weakened…advancers led decliners…1.03 to 1 on the NYSE and 1.12 to 1 on the NASDAQ…

Friday – weakened, advancers led
Thursday – strengthened, advancers led
Wednesday – weakened slightly, advancers led
Tuesday – strengthened, advancers led
Monday – weakened, decliners led


SPY down .66…volume 160.4 million shares
VIX unchanged at 16.86…
TNX down .05 at 24.78
TLT up .75 at 110.44...
XLF down .12 at 19.45…volume 51.4 million shares

AAPL up 2.75 at 396.53volume 20.6 million shares
FB up .22 at 24.88volume 96.7 million shares


Technical Commentary:
QQQ  + 0.14%, DIA – 0.90%,   IWM - .57%, SPY – 0.41%.

BBRY faced its worst day in 12 years gapping down 27.76% after being downgraded to underperform.

Gainers included MCP up 10.52%, CDE up 9.56%, PWRD up 5.36%, XONE up 4.66%, and CMCSA up 3.60%.

REGN was down 9.69 or $.13%.









Chart Signals guidance…Adjust stops, trade to targets and take bearish or bullish trades according to your rules as the month long consolidation continues.  More bullish setup entries did occur on Wednesday and as always follow your rules.


Chart Signals Strategy Guidelines
When the market is trending up Chart Signals looks for support bounce and resistance breakout entries. 

When the market is trending down Chart signals looks for resistance pull back and support break entries. 

When the market is sideways in consolidation Chart Signals will look for support bounce, diagonal breakouts and pull backs at resistance where price action stays between support and resistance

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 –  ADBE, ULTA, 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, APOL

EPS Losers – ORCL, CPRT, COST, TSL, CRM, GME, SHLD, 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 below the Upper Zone and is pointed up. 

____________________

Setups
H Breakout:  ADBE, AMZN, BBBY, COST, CSCO, FB, GRMN, MNST, MYL, PCLN, SNDK, STX, TXN, WDC, CREE, F, JNPR, LNKD, MFRM, NTES, SCSS, TSLA,

Diagonal Breakout: ATVI, BRCM, CELG, DTV, ESRX, FFIV, MAT, MSFT, NUAN, ROST, SIRI, XLNX, BAC, C, CLF, FAS, GLW, JCP, RCL, SINA, SSYS, STI, SWI, TIF, TLT, TPX, UAL,

Bull Flag: TBT,

Potential Bullish Divergence: 

Gap Up:

Gap Down: 

Bear Flag:  

At Support:  AAPL,



Moves
New Highs: GME, GRPN, PWRD, XONE

Gap Up:   

Gap Down:  WFM, BBRY,

H&D Breakout:   

Breakout Test:

Bounce:  ANR,  

MACD Divergence Bounce:  

Bear Flag:  

Support Break:   

______________________


46 of 100 Leading NDX stocks closed higher on Friday…and two were unchanged.


Leading NDX 100 stocks included:  CMCSA, GOLD, BIIB, MNST, VRSK, ATVI, DTV, BBBY, VOD, CHRW, SNDK, DLTR

Lagging NDX stocks included:  REGN, ADSK, FAST, MDLZ, NFLX, FFIV, CTRX, CHKP, WFM, ALXN, SHLD, SIRI, YHOO

Leading stocks > +2% on Friday included: MCP, CDE, ANR, NTES, DECK, CRUS, CHL, CROX, CREE, NKE, GRPN, TSL, GMCR, FAZ, ZAGG

Lagging stocks < -2.0% included:  BBRY, SGOC, X, ATI, IBM, DE


Stocks to Watch on Monday
Holding Above 30 DMA= 34
MU, SPLS, AVGO, CSCO, ISRG, AMZN, DLTR, ADBE, DELL, INTU, SBUX, BBBY, EXPE, GRMN, MCHP, PCLN, SNDK, SRCL, VRTX, ALTR, CA, LINTA, MAT, MNST, ORLY, PCAR, ROST, STX, VOD, VIAB, FB, LBTYA, KRFT, LMCA

Moving Above 30 DMA = 6
CMCSA, GOOG, HSIC, MYL, DISCA, VRSK

Moving Below 30 DMA =8
ADP, CHKP, COST, FISV, NTAP, WFM, XLNX, WDC

Staying Below 30 DMA
LIFE, PAYX, AMAT, ESRX, FOSL, INTC, KLAC, MSFT, NVDA, ADI, CTRX, NFLX, CERN, CHRW, DTV, EXPD, NUAN, ORCL, WYNN, YHOO, MDLZ, BIDU, GOLD, SIAL, TXN, BIIB, CTSH, SIRI, REGN, AAPL, FAST, LLTC, AKAM, BMC, FFIV, XRAY, BRCM, CELG, GILD, ALXN, ATVI, CTXS, EBAY, SHLD, SBAC, QCOM, EQIX, ADSK, AMGN, SYMC, MCIM, NWSA

Four-Week Intermediate Term Market Trend: Down
Five-day Short Term Market Trend: Up


Stocks Retreat In Pre-Market After Three Days of Gains...BBRY Down 23.55% After Earnings Disappoint...MCP Up 8.38%...Euro Up...

BMO – ES – 3.25 and NQ – 5.50…futures point to a lower open in pre- market
SPY is down .05…

XLF is down .04…
Euro is up 43 pips…
TLT is …down .29…

Follow your rules for entry and exit…adjust stops to protect profits at this time according to your rules...

Quoting Up:  BIIB, FFIV, BBBY, CELG, GOOG, FB, INTC, CHL, MCP


Quoting Down:  GOLD, CTSH, NFLX, AAPL, BBRY, IBM, RCL

Thursday, June 27, 2013

Stocks See Gains For Third Straight Day...TPX Up 5.70%...XONE Up 6.64%...STX Up 4.66%...NKE Trading Down After Hours...

Eight of nine sectors moved higher on Thursday… XLF, XLI and XLY were the strongest sectors…XLB was the weakest sector.

Breadth strengthened…advancers led decliners…5.49 to 1 on the NYSE and 3.69 to 1 on the NASDAQ…

Thursday – strengthened, advancers led
Wednesday – weakened slightly, advancers led
Tuesday – strengthened, advancers led
Monday – weakened, decliners led
Friday – strengthened, advancers led


SPY up .94…volume 129.4 million shares
VIX down .35 at 16.86…
TNX down .56 at 24.83
TLT up 1.11 at 109.69...
XLF up .25 at 19.57…volume 43 million shares

AAPL down 4.29 at 393.78volume 12 million shares
FB up .50 at 24.66volume 34.6 million shares


Technical Commentary:
IWM - 1.55%, DIA +0.75%, SPY + 0.59%, QQQ +0.42%.

US Stocks rise for third straight day…Winners included XONE Up 6.64%, TPX up 5.70%, CDE up 5.66% STX up 4.66%, CA up 4.61%, and JCP up 5.20%.

PAYX traded down after earnings report and closed down 1.39 or down 3.66%/

NKE trading down in after hours after reporting concerns on China profits.  After hours trading down 2.12%.



Chart Signals guidance…Adjust stops, trade to targets and take bearish or bullish trades according to your rules as the month long consolidation continues.  More bullish setup entries did occur on Wednesday and as always follow your rules.


Chart Signals Strategy Guidelines
When the market is trending up Chart Signals looks for support bounce and resistance breakout entries. 

When the market is trending down Chart signals looks for resistance pull back and support break entries. 

When the market is sideways in consolidation Chart Signals will look for support bounce, diagonal breakouts and pull backs at resistance where price action stays between support and resistance

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 –  ADBE, ULTA, 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, APOL

EPS Losers – ORCL, CPRT, COST, TSL, CRM, GME, SHLD, 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 below the Upper Zone and is pointed up. 

____________________

Setups
H Breakout:  ADBE, AKAM, AMZN, CMCSA, COST, CSCO, DELL, ESRX, FB, GRMN, MAT, NUAN, PCLN, ROST, SBUX, STX, SYMC, WFM, ANGI, GME, JNPR, LNKD, MFRM, PWRD, TSLA,

Diagonal Breakout:  ADSK, ATVI, BRCM, CELG, CTSH, EBAY, MSFT, SIRI, XLNX, ATI, BAC, C, CMG, GLW, RCL, SINA, STI, TPX, UAL,

Bull Flag:  AMAT, NVDA, TBT,

Potential Bullish Divergence: 

Gap Up:

Gap Down: 

Bear Flag:  

At Support:  



Moves
New Highs: MU, GRPN, SPLK, XONE, ZION,

Gap Up:  CRM, F, FAS, NTES, SPY,

Gap Down:  

H&D Breakout:  AMGN, FAST, GILD,

Breakout Test:

Bounce:  ORCL, ALK, FIVE, TLT,

MACD Divergence Bounce:  

Bear Flag:  

Support Break:  DTV, UNG,

______________________


78 of 100 NDX stocks closed higher on Thursday…


Leading NDX 100 stocks included:  STX, CA, SBAC, EXPE, MNST, WDC, NUAN, GOLD, GOSL, REGN, INTU, EQIX, LMCA, ATVI, FFIV, GRMN, SIRI, FB

Lagging NDX stocks included:  PAYX, SHLD, CTSH, AAPL, WFM, NVDA, BRCM

Leading stocks > +2% on Thursday included: TPX, CDE, SGOC, FAS, URE, NTES, MCP, CLF, X, TSL, TSLA, JDSU, JNPR, UCO, LVS, CROX, SOHU, RVBD, DECK, F, ESI, CRM, ANR, SWI, UAL

Lagging stocks < -2.0% included:  FAZ, BBRY, GMCR, MOS


Stocks to Watch on Friday
Holding Above 30 DMA= 14
MU, SPLS, AVGO, CSCO, ISRG, AMZN, DLTR, ADBE, DELL, INTU, SBUX, WFM, ADP, BBBY, CHKP, EXPE, GRMN, MCHP, NTAP, PCLN, SNDK, SRCL, VRTX

Moving Above 30 DMA = 20
ALTR, CA, COST, FISV, LINTA, MAT, MNST, NWSA, ORLY, PCAR, ROST, STX, VOD, XLNX, VIAB, FB, LBTYA, WDC, KRFT, LMCA

Moving Below 30 DMA = 2
LIFE, PAYX

Staying Below 30 DMA
AMAT, GOOG, ESRX, FOSL, HSIC, INTC, KLAC, MSFT, MYL, NVDA, ADI, CTRX, NFLX, CERN, CHRW, DTV, EXPD, NUAN, ORCL, WYNN, YHOO, MDLZ, DISCA, VRSK, BIDU, GOLD, SIAL, TXN, BIIB, CTSH, SIRI, REGN, AAPL, FAST, LLTC, AKAM, BMC, FFIV, XRAY, BRCM, CELG, GILD, ALXN, ATVI, CTXS, EBAY, CMCSA, SHLD, SBAC, QCOM, EQIX, ADSK, AMGN, SYMC, MXIM

Four-Week Intermediate Term Market Trend: Down

Five-day Short Term Market Trend: Up

Weekly Job Claims Fall...Consumer Spending Rise...Pre-Market Stock Futures Up...

BMO – ES + 10.50 and NQ + 15.75…futures point to a higher open in pre- market
SPY is up .70…

XLF is up .10…
Euro is up 28 pips…
TLT is …up .70…

Follow your rules for entry and exit…adjust stops to protect profits at this time according to your rules...

Quoting Up:  PCLN, GOOG, REGN, AMZN, GOLD, NFLX, AAPL, CMG, TSLA, FAS, LNKD, SLB, IBM, GMCR, SPY, YELP


Quoting Down:  DTV, PAYX, BBBY, FAZ

Wednesday, June 26, 2013

SPY Moves Higher as Divergence Bounce Continues...YELP, SPLK on Volume Spike...

All nine sectors moved higher again on Wednesday… XLV, XLU and XLY were the strongest sectors…XLB was the weakest sector.

Breadth weakened slightly…advancers led decliners…3.14 to 1 on the NYSE and 1.21 to 1 on the NASDAQ…

Wednesday – weakened slightly, advancers led
Tuesday – strengthened, advancers led
Monday – weakened, decliners led
Friday – strengthened, advancers led
Thursday weakened, decliners led

SPY up 1.56…volume 134.7 million shares
VIX down 1.26 at 17.21…
TNX down .50 at 25.39
TLT up .70 at 108.58...
XLF up .20 at 19.32…volume 66.8 million shares
                
AAPL down 4.56 at 398.07volume 13.1 million shares
FB down .09 at 24.16volume 29.8 million shares


Technical Commentary:
DIA +0.70%, SPY + 0.99%, QQQ +0.90%, IWM +0.47%.

Trade what you see on the chart of your position.  The multi-month intermediate term trend is up, the four-week trend is down, the ten-day short-term trend is down while the five-day short-term trend is up.  Wednesday was a divergence support bounce continuation. 

Plenty of entry opportunities on Tuesday and Wednesday especially in stocks like YELP, SPLK, P, ZION and SCSS.   Two interest breakout setups worth looking at for tomorrow.  TSLA made its second highest close at 105.72.  A breakout above 107.13 has a chart target of 118.96

 (click image to enlarge)

SCTY is forming a potential double bottom.   A breakout above 37.98 has a chart target of 43.30.    

(click image to enlarge)

Chart Signals guidance…Adjust stops, trade to targets and take bearish or bullish trades according to your rules as the month long consolidation continues.  More bullish setup entries did occur on Wednesday and as always follow your rules.


Chart Signals Strategy Guidelines
When the market is trending up Chart Signals looks for support bounce and resistance breakout entries. 

When the market is trending down Chart signals looks for resistance pull back and support break entries. 

When the market is sideways in consolidation Chart Signals will look for support bounce, diagonal breakouts and pull backs at resistance where price action stays between support and resistance

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 –  ADBE, ULTA, 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, APOL

EPS Losers – ORCL, CPRT, COST, TSL, CRM, GME, SHLD, 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 below the Upper Zone and is flat

____________________

Setups
H Breakout:  DELL, PCLN, QCOM, SBUX, WFM, ANGI, CRM, MFRM, PWRD, SCTY, TSLA,

Diagonal Breakout:  AMGN, ATVI, BRCM, CELG, COST, CTSH, EBAY, FAST, FB, GILD, GRMN, MAT, MSFT, SIRI, SYMC, XLNX, BAC, C, CMG, DDD, JCP, LNKD, SSYS, STI, TIF, UAL,

Bull Flag: TBT,   

Potential Bullish Divergence:  UNG

Gap Up:

Gap Down: 

Bear Flag:   

At Support:  



Moves
New Highs: MU, GRPN, XONE, ZION

Gap Up:  ADBE, WDC, BBRY, CREE, F, NTES, P, RAX, SINA,

Gap Down: FIVE, GLD,

H&D Breakout:  AKAM, BIDU, CMCSA, BBRY, SPLK, YELP, Z,

Breakout Test:

Bounce: CSCO, NTAP,

MACD Divergence Bounce:  

Bear Flag:  

Support Break:  

______________________


83 of 100 NDX stocks closed higher on Wednesday…


Leading NDX 100 stocks included:  ALXN, BIIB, SIRI, REGN, AMGN, CELG, MU, GILD, ADBE, BIDU, VRTX, EQIX, CHKP, VIAB

Lagging NDX stocks included:  GOLD, AMAT, NUAN, AAPL, ORLY, QCOM, EBAY, NVDA, NFLX

Leading stocks > +2% on Wednesday included: YELP, TSL, CREE, SINA, NTES, TSLA, FAS, URE, ICE, VMW, GMCR, NKE, BBRY, X, SSYS, F, GRPN, ZION

Lagging stocks < -2.0% included:  CDE, ANR, AKS, FAZ, CLF, SGOC


Stocks to Watch on Thursday
Holding Above 30 DMA= 14
LIFE, MU, SPLS, AVGO, CSCO, ISRG, AMZN, DLTR, ADBE, DELL, INTU, PAYX, SBUX, WFM

Moving Above 30 DMA = 11
ADP, BBBY, CHKP, EXPE, GRMN, MCHP, NTAP, PCLN, SNDK, SRCL, VRTX

Moving Below 30 DMA = 2
AMAT, ORLY

Staying Below 30 DMA
GOOG, STX, LMCA, CA, ESRX, FOSL, HSIC, INTC, KLAC, MNST, MSFT, MYL, NVDA, PCAR, XLNX, ADI, CTRX, WDC, NFLX, CERN, CHRW, COST, DTV, EXPD, FISV, LINTA, NUAN, ORCL, ROST, VOD, WYNN, YHOO, MDLZ, DISCA, VRSK, KRFT, BIDU, GOLD, SIAL, TXN, BIIB, CTSH, SIRI, VIAB, LBTYA, REGN, AAPL, ALTR, FAST, LLTC, NWSA, AKAM, BMC, FFIV, XRAY, BRCM, CELG, GILD, ALXN, ATVI, CTXS, EBAY, MAT, CMCSA, SHLD, SBAC, QCOM, EQIX, ADSK, AMGN, SYMC, MXIM, FB


Four-Week Intermediate Term Market Trend: Down
Five-day Short Term Market Trend: Up