Thursday, July 25, 2013

FB Earnings Doesn't Dissapoint...FB Catapults Up 29.61%...FFIV Earnings Lifts Stock 7.21%...BIDU Soars Up 11.01% After Posting Earnings...CROX Collapses After Earnings Down 20.20%...

All nine sectors moved higher on Thursday… XLB, XLU and XYE were the strongest sectors…XLI was the weakest sector.

Breadth strengthened…advancers led decliners…1.32 to 1 on the NYSE and 1.94 to 1 on the NASDAQ…


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



SPY up .41…volume 111.1 million shares
VIX down .21 at 12.97…
TNX up .19 at 26.07…
TLT down .04 at 107.48...
XLF up .02 at 20.66…volume 37.5 million shares

AAPL down 2.01 at 438.50volume8.1 million shares
FB up 7.85 at 34.36volume 365.5 million shares


Technical Commentary:
IWM + 0.92%, QQQ + 0.63%, SPY + 0.24%, DIA + 0.01%.


FB had an outstanding day today.  For the first time, investors are beginning to believe in FB’s ability to monetize their approximately 1 billion users.  FB closed up 7.85 or 29.61% after positive earnings reported closing the day with 365.5 million shares traded closing at 34.35.

FFIV likewise had a positive earnings report and gapped up to close up 5.87 or 7.21% on 7.3 million shares.  BIDU gapped after posting positive earnings report.  BIDU traded 21.6 million shares closing up 12.48 or 11.01% and is close to its horizontal breakout of mid-August 2012.

CROX gapped down after negative earnings report to close down 3.43 or 20.20%.


Earnings announcements accelerate as the third 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 – HAL, HAS, KMB, MCD, NFLX, TXN, ZION
Tuesday – AKS, ALTR, MO, AAPL, DD, EA, FCX, JNPR, LLTC, NSC, PCAR, PNRA, BTU, RSH, RF, TRV, UPS, UTX, USNA, VLO, VMW
Wednesday – AKAM, ATI, ABC, ANGI, BIDU, BA, CA, COG, CAT, CTXS, CROX, DAL, ETFC, LLY, EMC, EQIX, FFIV, FB, LVS, MCO, ORLY, QCOM, RYL, STX, SAVE, LCC, V, WDC
Thursday – MMM, ALK, ALXN, AMZN, BIIB, BMY, CELG, CERN, CB, CRUS, CLF, DECK, DOWN, DNKN, EXPE, GILD, IP, ESI, KLAC, MXIM, POT, PCP, RCL, SWI, TPX, HSY, UA, UAL
Friday – DLR, SWK, WLB


Q2 Earnings Reactions
Positive Reactions – FB, BIDU, TRIP, CTXS, FFIV, AAPL, EA, VMW, 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 – EQIX, ABC, CROX, ATI, CAT, PNRA, 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. 

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Setups
H Breakout: AMGN, BBBY, PCLN, SYMC, XLNX, ESI, SOHU, TBT, TIF,

Diagonal Breakout: AAPL,   

Bull Flag: ADBE, AMAT, CTSH, DTV, ESRX, GRMN, MNST, MYL, NFLX, ROST, SBUX, SNDK, ALK, BAC, C, CLF, CREE, FAS, FIVE, GS, LVS, SPY,

Potential Bullish Divergence:  

Gap Up:

Gap Down: 

Bear Flag:   

At Support: SHLD,  


Moves
New Highs: CELG, GILD, SIRI, JNPR, SPLK, Z

Gap Up: BIDU, FB, FFIV, LNKD, SINA,

Gap Down: GOOG, MSFT, WDC, ANGI,

H&D Breakout: CNX, GME,  

Breakout Test: 

Bounce: YHOO, ATI, CMG, JCP, P,

MACD Divergence Bounce:  

Bear Flag:  

Support Break:   

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67 of 100 Leading NDX stocks closed higher on Thursday.


Leading NDX 100 stocks included:  FB, BIDU, FFIV, ORLY, CELG, QCOM, AKAM, VRTX, AMGN, SIRI, SPLS, SBUX, NFLX, LMCA, XLNX

Lagging NDX stocks included:  WDC, STX, EQIX, ISRG, ALXN, MSFT, CMCSA, GOOG, SBAC, ATAVI, EBAY

Leading stocks > +2% on Thursday included:  CRUS, V, YELP, SINA, SSYS, LNKD, TSL ESI, CRM, ATI

Lagging stocks < -2.0% included: CROX, ANR, F

Stocks to Watch on Friday
Holding Above 30 DMA= 81
TSLA, SPLS, CSCO, AMZN, DLTR, ADBE, INTU, BBBY, EXPE, MCHP, PCLN,  SRCL, VRTX, ALTR, CA, FB, FOXA, KRFT, LBTYA, LINTA, LMCA, MNST, ORLY, PCAR, ROST, VIAB, VOD, CMCSA, DISCA, HSIC, VRSK, ADP, ALXN, CHKP, CTSH, DTV, FOSL, NFLX, NTAP, SYMC, WFM, BMC, CELG, ESRX, ADI, FISV, LLTC, XLNX, ATVI, BIIB, CHRW, COST, CTXS, EXPD, GILD, LIFE, MYL, NUAN, PAYX, TXN, XRAY, SIAL, SIRI, AKAM, AMAT, GRMN, KLAC, YHOO, AMGN, REGN, SBAC, ADSK, BIDU, CERN, FFIV, MDLZ, CTRX, SNDK, GOLD, QCOM, AAPL

Moving Above 30 DMA = 1
FAST, SBUX


Moving Below 30 DMA = 5
GOOG, SNDK, WYNN, EQIX, WDC

Staying Below 30 DMA
AVGO, SHLD, EBAY, MSFT, NVDA, MXIM, BRCM, MAT, DELL, ISRG, INTC

Four-Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

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