All nine sectors moved higher on Thursday… XLF, XLY and XLB were
the strongest sectors…XLP was the
weakest sector.
Breadth strengthened…
advancers led decliners…5.49 to 1 on the NYSE and
3.16 to 1 on
the NASDAQ…
Thursday
– strengthened, advancers led
Wednesday –
strengthened, decliners led
Tuesday – weakened,
decliners led
Monday - mixed
Friday – weakened
slightly, advancers led
SPY
up 2.46…volume 163.5 million shares
VIX
down 2.18 at 16.41…
TNX
down .56 at 21.74…
TLT
up 1.76 at
114.09...
XLF
up .36 at 19.80…volume 69.8 million shares
AAPL
up 3.77 at 435.96…volume 10.2 million shares
FB
down .04 at 23.73…volume 31.1 million shares
Technical Commentary:
IWM + 1.77%, DIA +
1.27%, QQQ + 1.27%, and SPY + 1.52%.
XLE lead the sectors with a gain of +1.88%
followed by XLY gaining +1.87%.
Out of the 100 NDX stocks 36 stocks gained 2% or more on
Thursday with only 5 stocks closing down…of those 5 stocks two closed down less
than .47 and three closing down less than 10 cents.
BBRY closed up + 6.34%...best percentage day gain in almost 3
months.
CLF gained + 7.66%... ZAGG Closed up +
7.24%... AKS Up + 6.16%...and SWKS closed up + 6.08%.
Trade what you see on the chart of your position. The intermediate term trend is up and the short-term trend is neutral
with the shorter two-day trend down. Adjust stops and trade to targets according
to 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.
Earnings this Week:
EPS Reaction Summary
EPS Gainers – ULTA, CIEN, GES, SPLK, PWRD, HPQ,
NTAP, AZO, MDT, CSCO, A, 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, APOL
EPS Losers – 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: AMGN, COST,
DELL, GOOG, MYL, SBUX, SNDK, ANGI, ESI, GMCR, GS, XONE,
Diagonal Breakout: CELG,
DTV, EBAY, ESRX, GILD, GRMN, MAT, NUAN, NVDA, XLNX, CNX, CRM, FAS, FIVE, GLD,
GLW, JCP, LNKD, NFLX, SPY, UAL, VECO, Z, ZION,
Bull Flag: PWRD,
Potential Bullish Divergence: YHOO,
Gap Up:
Gap Down:
Bear Flag:
At Support:
Moves
New Highs: CIEN, SCSS,
Gap Up: BBRY,
Gap Down:
H&D Breakout: BBBY,
ORCL, RCL,
Breakout Test:
Bounce: ADBE, ADSK, ATVI, ROST, SHLD, WYNN, ATI, CLF, JNPR,
UNG,
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
95 of 100 NDX stocks closed higher on Thursday…
Leading NDX 100 stocks included: KRFT, SHLD, AVGO, NFLX, FOSL,
DISCA, MU, EPE, ALTR, VRTX, ROST, ADSK, BBBY, XLNX, KALC, VIAB
Lagging NDX stocks included:
CHKP, MSFT
Leading stocks > +2% on Wednesday included: CLF, ZAGG, BBRY, AKS, SWKS, URE, X,
FAS, JNPR, TPX, NFLX, GES, HLF, DECK MCP, ATI, RCL
Lagging stocks < -2.0% included: SGOC, FAZ, TBT
Stocks to Watch on Friday
Holding Above 30 DMA= 27
MSFT, LIFE, INTC, WFM, WDC, AMAT,
STX, CA, ESRX, CERN, PCLN, MU, NTAP, SPLS, BIDU, HSIC, SNDK, AVGO, CSCO, ISRG,
AMZN, MNST, MYL, SBUX, BBBY, VRTX, CTRX
Moving Above 30 DMA = 14
DELL, DLTR, EXPD, EXPE, KLAC, MCHP, NVDA, ORCL, ORLY, PCAR,
ROST, YHOO, KRFT, LMCA
Moving Below 30 DMA = 0
Staying Below 30 DMA
CHKP, GOOG, VOD, XLNX, DTV, FOSL,
GOLD, LINTA, SIAL, WYNN, TXN, ADI, BIIB, CTSH, INTU, SIRI, VIAB, LBTYA, REGN,
COST, AAPL, ALTR, NFLX, ADBE, FAST, LLTC, NWSA, ADP, AKAM, BMC, FFIV, PAYX,
SRCL, XRAY, DISCA, BRCM, CELG, GILD, ALXN, ATVI, CTXS, EBAY, GRMN, FISV, MAT,
MDLZ, CHRW, CMCSA, SHLD, SBAC, QCOM, EQIX, VRSK, ADSK, AMGN, SYMC, MXIM, FB,
NUAN
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral
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