Wednesday, July 31, 2013

Stocks Add To Gains...FB Within Striking IPO Price...SYMC & GRMN Gap Up On Positive Earnings Report...SYMC Up 9.57%...GRMN Up 7.57%...


Five of nine sectors moved higher on Wednesday… XLY, XLI and XLE were the strongest sectors…XLU was the weakest sector.  

Breadth strengthened…advancers led decliners…1.06 to 1 on the NYSE and 1.37 to 1 on the NASDAQ… 

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

SPY up .12…volume 142.3 million shares
VIX up .06…at 13.45…
TNX down .10 at 25.93…
TLT up .39 at 107.70...
XLF up .01 at 20.49…volume 45.6 million shares


AAPL down .79 at 452.53volume 11.5 million shares
FB down .83 at 36.80volume 154.7 million shares 

Technical Commentary:
QQQ + 0.19%, IWM + 0.17%, SPY + 0.07%, DIA - 0.05%.  

FB closing in on 38.00 IPO closed down .82 or 2.20% today.  SYMC  gapped up today on positive earnings report up 2.33 or 9.57% likewise GRMN gapped up closing up 2.82 or 7.57%.

HLF reported earnings and had a positive reaction closing up 5.46% or 9.09%. 

Earnings announcements continue as the fourth week of earnings season begins on Monday.  Chart Signals is focusing on stocks with announcements and stocks that have had a positive earnings reactions over the past two weeks. 
 
This Week Earnings of Interest
Monday – ESRX, MTW, SOHU, VECO, VRTX, WYNN
Tuesday – DDD, AET, AMGN, ACI, BWLD, COH, GLW, DISCA, FISV, MDC, NYX, QCOR, RVBD, X
Wednesday – CMCSA, CTRP, GRMN, HES, HUM, LRCX, MA, MCHP, SODA, WFM, YELP
Thursday – ATVI, AIG, APA, ADP, BZH, CME, CTRX, CHK, COP, XRAY, XOM, K, KRFT, LNKD, MELI, MYL, NUS, ZAGG, DTV
Friday – ANR, EAT, CBOE, CVX, VIAB, YOKU

Q2 Earnings Reactions

Positive Reactions – QCOR, FISV, BWLD, MTW, VRTX, WYNN, SWK, SBUX, ALK, AMZN, CELG, CB, CLF, GILD, IP, MXIM, RCL, HSY, UA, UAL, V,   FB, BIDU, TRIP, COG, CTXS, ETFC, FFIV, AKAM, AAPL, EA, VMW, DAL, LCC, EMC, LLY, MCO, AKS, FCX, BTU, UTX, HAS, TXN, GE, HON, SLB, STI, WHR, CHKP, CMG, JCI, KEY, MS, OSTK, SWKS, UNP, UNH, BAC, IBM, SNDK, XLNX, CSX, GS, URI, YHOO, C, WFC 

Negative Reactions – RVBD, X, COH, DISCA, ESRX, SOHU, DLR, CERN, CRUS, DECK, DNKN, EXPE, KLAC, POT, PCP, SWI, TPX, EQIX, ABC, CROX, ANGI, ATI, CAT, WDC, PNRA, STX, NSC, USNA, TRV, MCD, MO, NFLX, ZION, BHI, AMD, GOOG, ISRG, MSFT, EBAY, INTC, MAT, SCSS, USB, AXP, KO, MOS 

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. 

The Market Forecast Green Line and is in the upper zone.   

____________________
Setups

H Breakout: AAPL, AKAM, BBBY, CSCO, NTAP, NVDA, ROST, SHLD, TXN, WFM, ATI, CREE, FSLR, GMCR, LVS, RCL, SCTY, SPY, STI, TBT, TIF, YELP, 

Diagonal Breakout: GOOG, INTC, MU, ALK, MFRM,  

Bull Flag: ADSK, AMZN, ATVI, DTV, GILD, SBUX, SIRI, CLF, DDD, ESI, FAS, NTES, SOHU, UAL, Z,  

Potential Bullish Divergence:    

Gap Up: GRMN,  

Gap Down:   

Bear Flag:     

At Support: ANGI, TLT,  

Moves

New Highs: CELG, MYL, XLNX, CMG, GME, KKD, SINA,  

Gap Up: CMCSA, SYMC,    

Gap Down:   

H&D Breakout: FAST, WYNN,   

Breakout Test:  

Bounce: NUAN, SNDK, BAC, C, GS, PWRD, ZIONS,  

MACD Divergence Bounce:   

Bear Flag:   

Support Break: FIVE, JCP, 

______________________
 

49 of 100 Leading NDX stocks closed higher on Wednesday. 

Leading NDX 100 stocks included: SYMC, GRMN, VRSK, CMCSA, MU, FISV, SHLD, CTRX, CTXS, TSLA 

Lagging NDX stocks included:  ADSK, AMGN, VRTX, FB, SBAC, GOSL, DISCA, DELL, REGN, PCLN
 
Leading stocks > +2% on Wednesday included: HLF, MCP, UCO, HUM 

Lagging stocks < -2.0% included: RVBD, MOS, URE, ESI, AKS, X 

Stocks to Watch on Thursday
Holding Above 30 DMA= 75
TSLA, SPLS, CSCO, AMZN, DLTR, ADBE, INTU, BBBY, MCHP, PCLN, SRCL, ALTR, CA, LINTA, ORLY, PCAR, ROST, VOD, VIAB, FB, LBTYA, KRFT, LMCA,CMCSA, HSIC, VRSK, ADP, ALXN, CHKP, CTSH, FOSL, NTAP, SYMC, WFM, NFLX, BMC, CELG, ESRX, FISV, LLTA, XLNX, ADI, ATVI, CHRW, COST, CTXS, EXPD, GILD, LIFE, MYL, PAYX, XRAY, TXN, SIAL, AKAM, AMAT, GRMN, KLAC, YHOO, AMGN, REGN, ADSK, BIDU, FFIV, MDLZ, CTRX, GOLD, QCOM, AAPL, FAST, SBUX, MXIM, WYNN, SHLD 

Moving Above 30 DMA = 1
CERN, NVDA, WDC 

Moving Below 30 DMA =5
DTV, MNST, DISCA, SBAC, FOXA  

Staying Below 30 DMA
BIIB, EXPE, NUAN, VRTX, GOOG, SNDK, EQIX, MU, STX, AVGO, SHLD, EBAY, MSFT,  BRCM, MAT, DELL, ISRG, INTC 

Four-Week Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral

 

 

 

Pre-Market Stock Futures Quiet...Private Sector Jobs Up...Better Than Expected...FB Up Closing In On IPO Price...SYMC Up 5.54%...RVBD Down 15%...

BMO – ES – 1.00 and NQ + .25…futures are up in pre-market and point to a flat open
SPY is up .44…

XLF is unchanged…
Euro is down 42 pips…
TLT is …down 1.15…

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

Quoting Up: SYMC, CMCSA, GRMN, FB, PCLN, TBT, HUM, V, GMCR


Quoting Down:  DELL, AMGN, GOLD, RVBD,  MOS, TLT, IBM

Tuesday, July 30, 2013

NDX Leads on Strength in AAPL, FB, MSFT, GOOG and CSCO...FB Second Highest Close on Increasing Volume as TSLA Takes a Breather...

Four of nine sectors moved higher on Tuesday… XLK, XLI and XLU were the strongest sectors…XLY was the weakest sector.

Breadth strengthened…advancers led decliners…1.04 to 1 on the NYSE and 1.07 to 1 on the NASDAQ…

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


SPY unchanged…volume 85.1 million shares
VIX unchangedat 13.39…
TNX up .18 at 26.03…
TLT down .04 at 107.31...
XLF down .05 at 20.48…volume 24 million shares

AAPL up 5.53 at 453.32volume 11 million shares
FB up 2.20 at 37.63volume 173.4 million shares

TSLA 131.74, -2.88, -2.14% on 13.1 million shares

Technical Commentary:
QQQ + 0.53%, IWM + 0.09%, DIA - 0.01%, SPY – 0.00%.

The NDX led the broad markets on strength from AAPL, FB, MSFT, GOOG, CSCO, AMGN, ALXN and CELG.  While the SPY and DIA were flat, positive earnings reactions included MTW, VRTX and WYNN.  After the close positive reactions occurred in QCOR, FISV and BWLD.  Tuesday saw negative reactions from ESRX, COH, DISCA and X.  After the close RVBD and AMGN joined the hit list.

FB closed at 37.62 just 61 cents below its IPO close at 38.23 on May 18, 2012.  July 25 is a day to remember in FB +2.19, +6.20% history.  FB proved last Thursday that they were making significant process monetizing both their one billion plus user base and the mobile app space.  In the past four trading sessions 799.68 million shares have traded hands at an average price of $35.35 representing total dollar value of $28.268 billion.  And to think that’s nothing compared to what the big money institutions have available to invest.  Who thinks that FB could trade as high as $133 per share in the next two years?  Time will tell.


Earnings announcements continue as the fourth week of earnings season begins on Monday.  Chart Signals is focusing on stocks with announcements and stocks that have had a positive earnings reactions over the past two weeks.


This Week Earnings of Interest
Monday – ESRX, MTW, SOHU, VECO, VRTX, WYNN
Tuesday – DDD, AET, AMGN, ACI, BWLD, COH, GLW, DISCA, FISV, MDC, NYX, QCOR, RVBD, X
Wednesday – CMCSA, CTRP, GRMN, HES, HUM, LRCX, MA, MCHP, SODA, WFM, YELP
Thursday – ATVI, AIG, APA, ADP, BZH, CME, CTRX, CHK, COP, XRAY, XOM, K, KRFT, LNKD, MELI, MYL, NUS, ZAGG, DTV
Friday – ANR, EAT, CBOE, CVX, VIAB, YOKU


Q2 Earnings Reactions
Positive Reactions – QCOR, FISV, BWLD, MTW, VRTX, WYNN, SWK, SBUX, ALK, AMZN, CELG, CB, CLF, GILD, IP, MXIM, RCL, HSY, UA, UAL, V,   FB, BIDU, TRIP, COG, CTXS, ETFC, FFIV, AKAM, AAPL, EA, VMW, DAL, LCC, EMC, LLY, MCO, AKS, FCX, BTU, UTX, HAS, TXN, GE, HON, SLB, STI, WHR, CHKP, CMG, JCI, KEY, MS, OSTK, SWKS, UNP, UNH, BAC, IBM, SNDK, XLNX, CSX, GS, URI, YHOO, C, WFC

Negative Reactions – RVBD, X, COH, DISCA, ESRX, SOHU, DLR, CERN, CRUS, DECK, DNKN, EXPE, KLAC, POT, PCP, SWI, TPX, EQIX, ABC, CROX, ANGI, ATI, CAT, WDC, PNRA, STX, NSC, USNA, TRV, MCD, MO, NFLX, ZION, BHI, AMD, GOOG, ISRG, MSFT, EBAY, INTC, MAT, SCSS, USB, AXP, KO, MOS


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.


The Market Forecast Green Line and is in the upper zone. 

____________________

Setups
H Breakout: AAPL, AKAM, AMAT, AMGN, COST, CSCO, DTV, FAST, GRMN, ROST, SYMC,      WFM, ATI, GRMN, CMG, CREE, FIVE, LVS, RAX, RCL, SPY, TIF,

Diagonal Breakout: GOOG, INTC, NVDA, SHLD, WYNN, FSLR, GLD, JCP, SCTY, TLT,

Bull Flag: ADBE, AMZN, CMCSA, GILD, MNST, PCLN, SBUX, SIRI, ALK, C, ESI, FAS, GRPN, GS, NTES, PWRD, SOHU, SPLK, Z

Potential Bullish Divergence:  

Gap Up:  QCOR, FISV, BWLD

Gap Down:  RVBD, AMGN

Bear Flag:   

At Support: MU, ANGI,


Moves
New Highs: CELG, GME, SINA,  

Gap Up: CRM,   

Gap Down: COH, SNDK,   

H&D Breakout: QCOM,  

Breakout Test: 

Bounce: BRCM, MSFT, STX, WDC, MFRM, TPX,

MACD Divergence Bounce:  

Bear Flag:  

Support Break:  

______________________


69 of 100 Leading NDX stocks closed higher on Tuesday.


Leading NDX 100 stocks included: ALXN, FB, WDC, EXPE, VRTX, FAST, STX, CTXS, SPLS, CERN

Lagging NDX stocks included:  DISCA, ESRX, TSLA, MDLZ, FOXA, CMCSA, SNDK, LMCA, ISRG, AMZN, MAT

Leading stocks > +2% on Tuesday included: TPX, CRUS, SINA, LVS, DECK

Lagging stocks < -2.0% included: MOS, COH, X, SSYS, LDK, ANR, UCO, GRPN, TSLA

Stocks to Watch on Wednesday
Holding Above 30 DMA= 75
TSLA, SPLS, CSCO, AMZN, DLTR, ADBE, INTU, BBBY, MCHP, PCLN, SRCL, ALTR, CA, LINTA, ORLY, PCAR, ROST, VOD, VIAB, FB, LBTYA, KRFT, LMCA,CMCSA, HSIC, VRSK, ADP, ALXN, CHKP, CTSH, FOSL, NTAP, SYMC, WFM, NFLX, BMC, CELG, ESRX, FISV, LLTA, XLNX, ADI, ATVI, CHRW, COST, CTXS, EXPD, GILD, LIFE, MYL, PAYX, XRAY, TXN, SIAL, AKAM, AMAT, GRMN, KLAC, YHOO, AMGN, REGN, ADSK, BIDU, FFIV, MDLZ, CTRX, GOLD, QCOM, AAPL, FAST, SBUX, MXIM, WYNN, SHLD

Moving Above 30 DMA = 1
CERN, NVDA, WDC

Moving Below 30 DMA =5
DTV, MNST, DISCA, SBAC, FOXA

Staying Below 30 DMA
BIIB, EXPE, NUAN, VRTX, GOOG, SNDK, EQIX, MU, STX, AVGO, SHLD, EBAY, MSFT,  BRCM, MAT, DELL, ISRG, INTC

Four-Week Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral

Stock Futures Gain In Pre-Market...MOS Takes Plunge 27% After Russian Comments...COH Down 6.66% After Posting Earnings. HLF Up 7.66%...

BMO – ES + 5.00 and NQ + 13.00…futures are up in pre-market and point to a higher open
SPY is up .51…

XLF is unchanged…
Euro is up 25 pips…
TLT is …up .14…

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

Quoting Up: VRTX, NUAN, AMZN, WFM, FB, AAPL, HLF, FAS, LNKD

Quoting Down:  SNDK, DISCA, GOLD, MOS, COH, SSYS, DE


Monday, July 29, 2013

Broader Market Closes Down...FB Closes Higher Inching Closer To Its IPO...AAPL Has Diagonal Breakout...

Two of nine sectors moved higher on Monday… XLB, XLU and XLK were the strongest sectors…XLE was the weakest sector.

Breadth weakened…decliners led advancers…2.32 to 1 on the NYSE and 2.08 to 1 on the NASDAQ…

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



SPY down .52…volume 79.6 million shares
VIX up .67 at 13.39…
TNX up .24 at 25.85…
TLT down .79 at 107.35...
XLF down .15 at 20.49…volume 28.9 million shares

AAPL up 6.80 at 447.79volume 8.8 million shares
FB up 1.42 at 35.43volume 124.7 million shares


Technical Commentary:
 DIA - 0.15%, QQQ – 0.19%, SPY – 0.31%, IWM – 0.70%.

FB gained 1.42 or 4.18% on Monday on 124.8 million shares in volume and is at the highest price except for the IPO.

AAPL broke through a diagonal resistance closing up 6.80 or 1.54% and is close to breaking a horizontal resistance set in late May.

TSLA broke through horizontal resistance making another new high gaining 5.23 or
4.04%.  SSYS gained 4.17 or 4.73% and in closing in on its previous high set in mid-July.  SOHU gapped down on Monday closing down 6.95 or 9.93%.


Earnings announcements continue as the fourth week of earnings season begins on Monday.  Chart Signals is focusing on stocks with announcements and stocks that have had a positive earnings reactions over the past two weeks.


This Week Earnings of Interest
Monday – ESRX, MTW, SOHU, VECO, VRTX, WYNN
Tuesday – DDD, AET, AMGN, ACI, BWLD, COH, GLW, DISCA, FISV, MDC, NYX, QCOR, RVBD, X
Wednesday – CMCSA, CTRP, HES, HUM, LRCX, MA, MCHP, SODA, WFM, YELP
Thursday – ATVI, AIG, APA, ADP, BZH, CME, CTRX, CHK, COP, XRAY, XOM, K, KRFT, LNKD, MELI, MYL, NUS, ZAGG
Friday – ANR, EAT, CBOE, CVX, VIAB, YOKU


Q2 Earnings Reactions
Positive Reactions – SWK, SBUX, ALK, AMZN, CELG, CB, CLF, GILD, IP, MXIM, RCL, HSY, UA, UAL, V,   FB, BIDU, TRIP, COG, CTXS, ETFC, FFIV, AKAM, AAPL, EA, VMW, DAL, LCC, EMC, LLY, MCO, AKS, FCX, BTU, UTX, HAS, TXN, GE, HON, SLB, STI, WHR, CHKP, CMG, JCI, KEY, MS, OSTK, SWKS, UNP, UNH, BAC, IBM, SNDK, XLNX, CSX, GS, URI, YHOO, C, WFC

Negative Reactions – DLR, CERN, CRUS, DECK, DNKN, EXPE, KLAC, POT, PCP, SWI, TPX, EQIX, ABC, CROX, ANGI, ATI, CAT, WDC, PNRA, STX, NSC, USNA, TRV, MCD, MO, NFLX, ZION, BHI, AMD, GOOG, ISRG, MSFT, EBAY, INTC, MAT, SCSS, USB, AXP, KO, MOS


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.


The Market Forecast Green Line and is in the upper zone. 

____________________

Setups
H Breakout: AKAM, AMGN, FAST, QCOM, ROST, SIRI, SYMC, TSLA, WFM, ALK, ATI, CMG, F, GRPN, SCTY, SPY, SSYS, TBT, TIF,

Diagonal Breakout: INTC, SHLD, WYNN, FSLR, GLD, GMCR, JCP, TLT,

Bull Flag: ADBE, ADSK, CMCSA, CSCO, DTV, GRMN, NFLX, NTAP, BAC, C, CIEN, CREE, FAS, GS, JNPR, PWRD, SPLK, Z,

Potential Bullish Divergence:  

Gap Up:

Gap Down: 

Bear Flag:   

At Support: MU, NUAN, ANGI, ZION,


Moves
New Highs:  ATVI, FB,

Gap Up: DDD,  

Gap Down: SOHU, UNG,  

H&D Breakout: AAPL, TSLA, VECO,

Breakout Test: 

Bounce: COST, FIVE,  

MACD Divergence Bounce:  

Bear Flag:  

Support Break: SNDK, STX, NTES,

______________________


25 of 100 Leading NDX stocks closed higher on Monday and two were unchanged.


Leading NDX 100 stocks included: ATVI, FB, TSLA, ISRG, CTXS, AAPL, SHLD, BIDU, FAST, MXIM, SIAL

Lagging NDX stocks included:  MNST, BIIB, SNDK, EXPE, ALXN, NUAN, EQIX, AMZN, STX, KLAC, FOXA, EXPD, PCLN

Leading stocks > +2% on Monday included:  SSYS, CRUS, HLF, VECO, LDK

Lagging stocks < -2.0% included: SOHU, ZAGG, GRPN, MCP, UAL, NTES, CROX, AKS, BBRY, LNKD, COH, FAS

Stocks to Watch on Monday
Holding Above 30 DMA= 79
TSLA, SPLS, CSCO, AMZN, DLTR, ADBE, INTU, BBBY, MCHP, PCLN, SRCL, ALTR, CA, LINTA, MNST, ORLY, PCAR, ROST,VOD, VIAB, FB, LBTYA, KRFT, LMCA, FOXA, CMCSA, HSIC, DISCA, VRSK, ADP, ALXN, CHKP, CTSH, DTV, FOSL, NTAP, SYMC, WFM, NFLX, BMC, CELG, ESRX, FISV, LLTA, XLNX, ADI, ATVI, CHRW, COST, CTXS, EXPD, GILD, LIFE, MYL, PAYX, XRAY, TXN, SIAL, AKAM, AMAT, GRMN, KLAC, YHOO, AMGN, REGN, SBAC, ADSK, BIDU, FFIV, MDLZ, CTRX, GOLD, QCOM, AAPL, FAST, SBUX, MXIM, WYNN

Moving Above 30 DMA = 1
SHLD

Moving Below 30 DMA = 4
BIIB

Staying Below 30 DMA
CERN, EXPE, NUAN, VRTX, GOOG, SNDK, EQIX, WDC, MU, STX, AVGO, SHLD, EBAY, MSFT, NVDA, BRCM, MAT, DELL, ISRG, INTC

Four-Week Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral