Eight of nine sectors moved higher on
Thursday…XLB, XLY and XLE were
the strongest sectors…XLV was the
weakest sector.
Breadth strengthened…advancers
led decliners…1.90 to 1 on the NYSE and 1.46 to 1 on
the NASDAQ…
Thursday
– strengthened – advancers led
Wednesday –
strengthened, decliners led
Tuesday – weakened,
decliners led
Monday - mixed
Friday – mixed
SPY
up .62…volume 102.1 million shares
VIX
down .25…at 12.73…
TNX
down .13 at 25.87…
TLT
up .29 at 107.09...
XLF
up .05 at 20.49…volume 43.1 million shares
AAPL
down .92 at 461.01…volume
9.1 million shares
FB
down .33 at 38.54…volume 41.2 million shares
Technical Commentary:
QQQ + 0.50%, IWM + 0.41%, SPY + 0.37%,
DIA + 0.10%.
TSLA gapped up
to new high today closing at 153.48 on 27.2 million in volume…Up 19.25 or 14.34%. SSYS
broke above horizontal resistance after earnings report closing up 12.10 or 14.04%. Volume
was 3.4 million.
CLF gapped up
and rose above horizontal resistance closing up 1.80 or 8.91% on 10.6%. CRPN
has a positive reaction to earnings gapping up and breaking above
horizontal resistance on 91.4 million in volume closing up 1.88 or 21.56%.
PCLN +50.29 and RAX +5.15 gained in after-hours trading while MNST and
MCP moved lower.
Earnings announcements continue as the fifth 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
Tuesday – ADM, CAR, CHRW, DIS,
DISH, EXPD, FSLR, FOSL, LINTA, LMCA, MGM, Z
Wednesday – AGU, BOFI, GMCR, GRPN, SCTY, SUNE, TSLA, TWX
Thursday – AAP, FWLT, MCP, MNST,
NVDA, RAX, SGMS, SSYS, TMUS,
Friday – JRCC
Q2 Earnings Reactions
Positive Reactions – FOSL, DSW, WPO, CNK, KORS, SATS, MGM, EAT, VIAB, YOKU, AIG, CTRX,
CHK, COP, LNKD, MELI, MYL, NUS, ZAGG, CMCSA, CTRP, GRMN, HES, MA, MCHP, SODA,
YELP, 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 – ANR, CVX, CME, XOM, K, DTV, 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: BIDU, CMCSA, FFIV, MNST, MU, NVDA, QCOM, SBUX, ALK,
ATI, C, CRM, GLW, GME, KKD, PWRD, RCL, SPLK, SPY, STI,
Diagonal Breakout: ADBE, YHOO, ANR, MFRM, SOHU, TLT, UAL,
VECO, ZION,
Bull
Flag: AAPL, AMZN, ATVI, BBBY, COST, CTSH, FAST, GILD, ROST, XLNX, DNKN, YELP,
Potential Bullish Divergence:
Gap Up: PCLN, RAX
Gap Down: MNST, MCP
Bear Flag:
At Support: INTC,
Moves
New Highs: SYMC, WFM, SINA,
Gap Up: TSLA, CLF, GRPN, SWI, TSLA,
Gap Down:
H&D Breakout: ADSK, DTV, NUAN, SNDK, DDD, SSYS,
Breakout Test:
Bounce: MSFT, STX, WDC, ANGI, GLD, JCP, WLT,
MACD Divergence Bounce:
Bear Flag:
Support Break: AMAT, SCTY,
______________________
66 of 100 Leading NDX stocks closed higher on Thursday and two were unchanged.
Leading NDX 100 stocks included: TSLA, GOLD, WDC, MDLZ, FOXA,
MSFT, SNDK, DTV, FFIV, STX, ADSK, DRFT, NTAP, QCOM
Lagging NDX stocks included:
AMGN, BRCM, COST, GILD, AMAT, CTSH, DLTR, INTC, LINTA, FB, LBTYA, CMCSA
Leading stocks > +2% on Thursday included: GRPN, TSLA, SSYS, TSL, CLF, CDE, LDK,
ANR, X, MOS, SWI, MCP, FCX, SINA, ATI, ZAGG, SOHU, VMW, RVBD, AKS, UAL, HUM
Lagging stocks < -2.0% included: CROX,
GMCR
Stocks to Watch on Friday
Holding Above 30 DMA= 71
TSLA, SPLS, CSCO, DLTR, GRMN,
INTU, BBBY, MCHP, PCLN, SRCL, ALTR, CA, ORLY, ROST, VOD, VIAB, FB, LBTYA, LMCA,
CMCSA, HSIC, VRSK, ADP, ALXN, CHKP, CTSH, NTAP, SYMC, WFM, NFLX, BMC, CELG,
ESRX, FISV, LLTC, XLNX, ADI, ATVI, COST, CTXS, EXPD, GILD, LIFE, MYL, PAYX,
XRAY, TXN, SIAL, SIRI, AKAM, KLAC, YHOO, AMGN, BIDU, FFIV, MDLZ, CTRX, QCOM,
AAPL, FAST, SBUX, MXIM, WYNN, NVDA, MNST, FOXA, NUAN, DISCA, DELL, MU, FOSL
Moving Above 30 DMA = 6
ADBE, ADSK, EBAY, GOLD, PCAR, WDC
Moving Below 30 DMA = 0
Staying Below 30 DMA
AMAT, AMZN, BIIB, CERN,
CHRW, KRFT, GOOG, LINTA, SHLD, REGN, DTV, SBAC, EXPE, VRTX, SNDK, EQIX, STX,
AVGO, MSFT, BRCM, MAT, ISRG, INTC
Four-Week Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral
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