Tuesday, April 30, 2013

AAPL Leads Tech Stocks Higher...XLK Breaks Out...FB Rises with EPS on Wednesday...


Seven of nine sectors moved higher on Tuesday…XLK, XLE, and XLY were the strongest sectors…XLP Vas the weakest sector.

Breadth weakenedadvancers led decliners 2.00 to 1 on the NYSE and 1.53 to 1 on the NASDAQ…

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


SPY up 38 cents at 159.68volume 116.0 million shares
VIX down .19 at 13.52
TNX up .07 at 16.75
TLT up 7 cents at 123.01...
XLF up 5 cents at 18.70volume 41.1 million shares                 

AAPL up 12.66 at 442.78volume 24.7 million shares
FB up 79 cents at 26.98volume 36.2 million shares


Technical Commentary:


QQQ + 0.73%, IWM + 0.57%, SPY + 0.24% and DIA + 0.11%.  While many companies have earnings to report this week and next, the majority of earnings are complete.  Some companies that had a negative earnings reaction like IBM are beginning to rebound.

QQQ, broke out of horizontal resistance on the strength of a rising AAPL.  SPY, DIA and IWM at resistance are poised to breakout

The Euro rose 76 pips to short-term resistance and closed at 1.3166.   Look for a potential horizontal breakout on the Euro.

AAPL moved up 12.66 on 24.7 million shares.  AAPL broke out of short-term resistance from early April which a possible reversal point of its down trend since last September.
 
FB gained 79 cents and closed above its 30 DMA for the third on volume of 36.2 million shares.  Raymond James analyst on Friday upgraded FB to Strong Buy with a price target of $37FB reports earnings after the close on Wednesday.

Trade what you see on the chart of your position.  The intermediate term trend is up with a horizontal resistance breakout setup.  Traders should lock in profits when targets are reachedAs always look for re-entry according to your rules.


Chart Signals Strategy Guidelines
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 – 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

EPS Losers – 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


Key Earnings this week:
Monday – HLF, RVBD,
Tuesday – DDD, AVP, MTW, X, VRSK, VRTX
Wednesday – AMT, ADM, CAR, CHK, FB, GRMN, ICE, JRCC, JDSU, LVS, MA, MRK, STX, TWX, VIAB, V, WLT, YELP
Thursday – ANR, AIG, BZH, CTRX, GM, LNKD, MDC, MYL, TPX, ZAGG
Friday – ADP, CBOE, REGN, UPL


The Market Forecast Green Line is pointed up in the Upper Zone.

____________________

Setups
H Breakout: X, UNG, DOW, FB, CRUS, ESRX, SPY, FAS, LCC, PHM, PM, SPLK, TPX, VECO, ATVI, XLNX, HD, DTV, ADBE, MNST

Diagonal Breakout: YELP, ZION, AMGN, NTAP

Bull Flag:  JCP, GRPN, PHM, ANGI, ESI, BA, C, COST, UNP, GRMN, MYL, YHOO, STX, KO, PEP, CMG, TRV, VRTX, GILD, CELG

Potential Bullish Divergence:

Gap Up:

Gap Down:  SWI

Bear Flag:  CTSH, DELL, X, GE, IBM

At Support: FIVE, BIDU, JNPR, VMW,


Moves
New Highs:  ILMN, ROST, LNKD, SBUX, AKAM, FSLR, BIIB, INTC, TXN, MSFT, AMAT, COH, DD, GLW, JNJ, NKE, NVDA, VZ, WYNN

Gap Up:  OIS, BBY, NFLX

Gap Down: NUAN, EXPE, MXIM, QCOM

H&D Breakout: DDD, AAPL, SSYS, BRCM, GOOG, NTES, ESRX, DAL, TSLA, CMCSA, TPX, SYMC, DTV

Bounce:  Z, WDC, HSY, ORCL, LVS, SHLD, IBM, LRCX, DECK, MMM, JNPR, CTSH, AMZN, RCL, ABC, FFIV, BIDU, KLAC, CSCO, MU, UNH, GMCR

MACD Divergence Bounce: EXPD, FFIV, ADSK, FAST

Bear Flag:  SNDK, EBAY,

Support Break:  ATI

______________________


65 of 100 NDX stocks closed higher and one was unchanged on Tuesday…


Leading NDX 100 stocks included:  SIRI, ADSK, CTSH, FOSL, AAPL, FB, SHLD, SPLS, CHKP, KLAC

Lagging NDX stocks included:  NUAN, SNDK, AMGN, INTU, BIIB, VRTX, AVGO, FAST, LBTYA, SYMC

Leading stocks > +2% on Tuesday included: SSYS, MCP, BBRY, AKS, JNPR, CDE, HLF, SINA, CLF, URE, VECO

Lagging stocks < -2.0% included:  UCO, GRPN, LDK, YELP

Stocks to Watch on Wednesday
Holding Above 30 DMA = 66
STRZA, ADP, GILD, BIIB, MAT, PAYX, YHOO, SBAC, ADBE, CELG, MSFT, SRCL, MDLZ, REGN, VOD, BBBY, LIFE, ROST, MNST, WYNN, CTRX, DLTR, INTC, DTV, FISV, NWSA, SBUX, VRTX, WFM, ATVI, COST, WDC, AKAM, AMAT, GOOG, NTAP, NVDA, SIAL, SIRI, STX, TXN, BMC, BRCM, CA, GOLD, GRMN, SYMC, ALXN, ESRX, MYL, ORLY, PCAR, XLNX, PRGO, CERN, CMCSA, FB, AAPL, CHRW, CSCO, FOSL, KLAC, LINTA, MCHP, XRAY VRSK

Moving Above 30 DMA = 8
ADSK, CHKP, EQIX, LLTC, ORCL, SHLD, SPLS, VIAB

Moving Below 30 DMA = 6
AMGN, DISCA, FAST, LBTYA, NUAN, VMED

Staying Below 30 DMA
AMZN, BIDU, EXPE, MXIM, PCLN, QCOM, HSIC, EBAY, ISRG, SNDK, MU, AVGO, CTSH, DELL, INTU, ADI, ALTR, CTXS, FFIV, EXPD

Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up

Stock Futures In Pre-Market Quiet, Flat...Same For Euro...


BMO – ES - 1.00 and NQ + .75…futures point to a flat open in pre- market
SPY is down 8 cents…

XLF is up 2 cents…
Euro is unchanged…
TLT is up .51

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

Quoting Up:  PCLN, AAPL, REGN, CELG, ALXN, ESRX, BBIB, BIDU, SSYS, SINA, LNKD, NFLX, HLF, HUM

Quoting Down:  NUAN, GOLD, PRGO, AMZN, VOD, GILD, RVBD, X, TSLA, TBT, SWI



Monday, April 29, 2013

AAPL Leads Tech Stocks, QQQ Higher...Horizontal Breakout Setup on SPY, QQQ, IWM...


All nine sectors moved higher on Monday…XLB, XLK, and XLE were the strongest sectors…XLP was the weakest sector.

Breadth strengthened…advancers led decliners 2.79 to 1 on the NYSE and 2.13 to 1 on the NASDAQ…

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


SPY up 1.06 at 159.30volume 88.5 million shares
VIX up .10 at 13.71
TNX up .05 at 16.68
TLT down .45 at 122.94...
XLF up 8 cents at 18.65volume 29.9 million shares                 

AAPL up 12.92 at 430.12volume 22.8 million shares
FB up 13 cents at 26.98volume 29.2 million shares


Technical Commentary:

QQQ + 0.92%, IWM + 0.72%DIA + 0.67% and SPY + 0.67%,.
The broad indices moved higher on Monday as they continue their earnings season consolidation pausing at resistance.

QQQ, SPY, DIA and IWM have risen to resistance and are poised to breakout

The Euro was up 59 pips and closed at 1.3090.   The Euro started to bounce after holding above support for 12 days.

AAPL moved up 12.91 on 22.9 million shares.  AAPL is moving towards short-term resistance while it continues to form a bear flag pattern with its short term rally.
 
FB gained 13 cents and closed above its 30 DMA on volume of 29.1 million shares.  Friday saw an upgrade to Strong Buy with a price target of $37 from Raymond James.

Trade what you see on the chart of your position.  The intermediate term trend is up with a bull flag setup.  Traders should lock in profits when targets are reachedAs always look for re-entry according to your rules.


Chart Signals Strategy Guidelines
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 – 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

EPS Losers – 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


Key Earnings this week:
Monday – HLF, RVBD,
Tuesday – DDD, AVP, MTW, X, VRSK, VRTX
Wednesday – AMT, ADM, CAR, CHK, FB, GRMN, ICE, JRCC, JDSU, LVS, MA, MRK, STX, TWX, VIAB, V, WLT, YELP
Thursday – ANR, AIG, BZH, CTRX, GM, LNKD, MDC, MYL, TPX, ZAGG
Friday – ADP, CBOE, REGN, UPL


The Market Forecast Green Line is pointed up today.

____________________

Setups
H Breakout:  SPY, FAS, DAL, DDD, GRPN, LCC, NTES, PHM, PM, SPLK, TPX, VECO, ATVI, C, FAS, GRPN, XLNX, ESRX, TPX, HD, DTV, ADBE, MNST

Diagonal Breakout: AMGN, NTAP

Bull Flag:  ANGI, ESI, BA, C, COST, UNP, LVS, GRMN, MYL, YHOO, STX, KO, PEP, WDC, HSY, WFM, Z, CMG, TRV, VRTX, GILD, CELG, ORCL

Potential Bullish Divergence:

Gap Up:

Gap Down:  RVBD

Bear Flag: AAPL, DELL, SWI, X, GE, SNDK, IBM,

At Support: BIDU, JNPR, VMW,


Moves
New Highs:  AKAM, FSLR, BIIB, INTC, TXN, MSFT, AMAT, COH, DD, GLW, JNJ, NKE, NUAN, NVDA, VZ, WYNN

Gap Up:  LRCX, NFLX, ILMN

Gap Down:  DECK, EXPE, MXIM, QCOM, MMM,

H&D Breakout: TSLA, ROST, ILMN, CMCSA, JCP, LNKD, TPX, SYMC, DTV

Bounce:  RCL, SSYS, UNG, INTC, ABC, BRCM, YELP, DOW, GOOG, FFIV, SBUX, BIDU, CRUS, KLAC, CTSH, FB, CSCO, MU, UNH, GMCR, SNDK, SHLD, GRMN, LCC, PM, AAPL

MACD Divergence Bounce: EXPD, FFIV, ADSK, ESRX, FIVE, FAST, ZION

Bear Flag:  SHLD, EBAY,

Support Break:  AMZN, CTSH, ATI

______________________


65 of 100 NDX stocks closed higher on Monday…


Leading NDX 100 stocks included:  BIIB, AAPL, INTU, MSFT, BRCM, CA, ADSK, FFIV, NUAN, GOOG

Lagging NDX stocks included:  EXPE, SHLD, AMZN, SIRI, AMGN, CELG, CERN, MYL, YHOO, NTAP

Leading stocks > +2% on Monday included: SINA, TSL, TSLA, CRUS, LDK, YELP SWI, SSYS, BBRY, DE, CLF, MOS, SWKS, UCO, UAL AKS, IBM, ESI, ANR

Lagging stocks < -2.0% included:  CSTR, ZAGG

Stocks to Watch on Tuesday
Holding Above 30 DMA = 62
VMED, STRZA, ADP, GILD, BIIB, MAT, PAYX, YHOO, AMGN, SBAC, ADBE, CELG, MSFT, SRCL, MDLZ, LBTYA, REGN, VOD, BBBY, LIFE, NUAN, ROST, MNST, WYNN, CTRX, DLTR, INTC, DTV, FISV, NWSA, SBUX, VRTX, WFM, ATVI, COST, WDC, AKAM, AMAT, GOOG, NTAP, NVDA, SIAL, SIRI, STX, TXN, DISCA, BMC, BRCM, CA, GOLD, GRMN, SYMC, ALXN, ESRX, MYL, ORLY, PCAR, XLNX, PRGO, CERN, CMCSA, FB

Moving Above 30 DMA = 10
AAPL, CHRW, CSCO, FAST, FOSL, KLAC, LINTA, MCHP, XRAY VRSK

Moving Below 30 DMA = 1
SHLD

Staying Below 30 DMA
AMZN, BIDU, EQIX, EXPE, MXIM, PCLN, VIAB, QCOM, HSIC, EBAY, ISRG, SNDK, MU, SPLS, AVGO, CTSH, ADSK, DELL, INTU, ADI, ALTR, LLTC, ORCL, CTXS, CHKP, FFIV, EXPD

Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up

Stock Futures Start Week Up In Pre-Market...SINA Up +25.27%...


BMO – ES + 5.50 and NQ + 11.25…futures point to a higher open in pre- market
SPY is up 40 cents…

XLF is up 8 cents…
Euro is up 29 pips…
TLT is up .24…

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

Quoting Up:  BIIB, ISRG, AAPL, BIDU, GOLD, GOOG, CELG, AMGN, YHOO,

Quoting Down:  SINA, NFLX, LNKD, SOHU, FAS, BBRY, IBM, VRTX,  GILD

Friday, April 26, 2013

SPY Pauses at Resistance After Support Bounce Rally This Week...AAPL, FB Move Higher...


Eight of nine sectors moved lower on Friday…XLU, XLP, and XLV were the strongest sectors…XLB was the weakest sector.

Breadth weakened…decliners led advancers 1.46 to 1 on the NYSE and 1.61 to 1 on the NASDAQ…

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


SPY down 28 cents at 158.24volume 95.9 million shares
VIX down -.01 at 13.61
TNX down -.48 at 16.63
TLT up 1.12 at 123.39...
XLF down 9 cents at 18.56volume 36 million shares                 

AAPL up 8.82 at 417.20volume 27.3 million shares
FB up 71 cents at 26.85volume 33 million shares


Technical Commentary:

DIA + 0.08%, SPY -0.18%, QQQ -0.32% and IWM -0.54%The broad indices traded in a tight range Friday on lighter volume and closed mixed as they continue their earnings season consolidation pausing at resistance and pulling back slightly.

QQQ, SPY and IWM have risen to resistance, paused and pulled back slightly on Friday

The Euro was up 23 pips and closed at 1.3031.   The Euro stayed above support for the thirteenth straight day.

AAPL moved up 8.82 on 27.3 million shares.  AAPL continues to form a bear flag pattern with its short term rally following earnings on Tuesday.
 
FB jumped 71 cents and closed above its 30 DMA on volume of 33 million shares, following an upgrade to Strong Buy with a price target of $37 from Raymond James.

Trade what you see on the chart of your position.  The intermediate term trend is up with a bull flag setup.  Traders should lock in profits when targets are reachedAs always look for re-entry according to your rules.


Chart Signals Strategy Guidelines
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 – 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

EPS Losers – AMZN, BIDU, CRUS, DECK, EXPE, HSY, KLAC, MXIM, HSY QCOM, PTEN, ABC, MMM, AMGN, T, JNPR, PNRA, VMW, GE, IBM, ISRG, MCD, MS, PM, UNH, SNDK, EBAY, BAC, USB, GS, LLTC


Key Earnings this week:
Monday – HLF, RVBD,
Tuesday – DDD, AVP, MTW, X, VRSK, VRTX
Wednesday – AMT, ADM, CAR, CHK, FB, GRMN, ICE, JRCC, JDSU, LVS, MA, MRK, STX, TWX, VIAB, V, WLT, YELP
Thursday – ANR, AIG, BZH, CTRX, GM, LNKD, MDC, MYL, TPX, ZAGG
Friday – ADP, CBOE, REGN, UPL


The Market Forecast Green Line is pointed up today.

____________________


Setups
H Breakout:  SPY, FAS, BIIB, C, DAL, DDD, GRPN, LCC, LVS, NTES, PHM, PM, SPLK, TPX, TSLA, VECO, ATVI, ROST, C, FAS, GRPN, XLNX, ESRX, TPX, HD, DTV, ADBE, MNST, SPLK

Diagonal Breakout: SSYS, NTAP

Bull Flag:  DOW, GOOG, KO, PEP, SBUX, WDC, INTC, ABC, HSY, BRCM, WFM, Z, CMG, TRV, VRTX, GILD, CELG, UNG, YELP, ORCL

Potential Bullish Divergence:  EXPD

Gap Up:

Gap Down:

Bear Flag: AAPL, DELL, SWI, X, GE, SHLD, SNDK, IBM,

At Support: AMZN, BIDU, JNPR, VMW,


Moves
New Highs:  MSFT, BA, COH, COST, DD, GLW, JNJ, NKE, NUAN, NVDA, UNP, VZ, WYNN

Gap Up:  ANGI, AKAM, ESI, FFIV, LRCX, RCL, DOW, NFLX, ILMN

Gap Down:  BIDU, CRUS, DECK, EXPE, KLAC, MXIM, QCOM, MMM,

H&D Breakout: CMCSA, JCP, LVS, GRMN, MYL, TXN, YHOO, FSLR, C, LNKD, TPX, SYMC, DTV

Bounce:  FB, AMGN, T, CSCO, MU, UNH, STX, GMCR, SNDK, SHLD, GRMN, LCC, SIRI, PM, AAPL

MACD Divergence Bounce: FFIV, ADSK, ESRX, FIVE, AMAT, FAST, MYL, ZION

Bear Flag:  CRUS, EBAY,

Support Break:  CTSH, ATI

______________________


38 of 100 NDX stocks closed higher and two were unchanged on Friday…


Leading NDX 100 stocks included:  CERN, INTU, FB, AAPL, CELG, SHLD, CMCSA, LBTYA, WDC, CTSH

Lagging NDX stocks included:  EXPE, BIDU, AMZN, MXIM, KLAC, ALTR, YHOO, MCHP, CTXS, GRMN

Leading stocks > +2% on Friday included: TSL, PHM

Lagging stocks < -2.0% included:  CRUS, DECK, CDE, CLF, A, VECO, DLR, SWKS, ATI, CREE, SWK

Stocks to Watch on Monday
Holding Above 30 DMA = 60
VMED, STRZA, ADP, GILD, BIIB, MAT, PAYX, YHOO, AMGN, SBAC, ADBE, CELG, MSFT, SRCL, MDLZ, LBTYA, REGN, VOD, BBBY, LIFE, NUAN, ROST, MNST, WYNN, CTRX, DLTR, INTC, DTV, FISV, NWSA, SBUX, VRTX, WFM, ATVI, COST, WDC, AKAM, AMAT, GOOG, NTAP, NVDA, SIAL, SIRI, STX, TXN, DISCA, BMC, BRCM, CA, GOLD, GRMN, SYMC, ALXN, ESRX, MYL, ORLY, PCAR, SHLD, XLNX, PRGO

Moving Above 30 DMA =3
CERN, CMCSA, FB

Moving Below 30 DMA = 10
AMZN, BIDU, EQIX, EXPE, KLAC, MCHP, MXIM, PCLN, VIAB, XRAY

Staying Below 30 DMA
QCOM, CERN , HSIC, EBAY, ISRG, SNDK, CMCSA, FB, MU, CHRW, CSCO,SPLS, VRSK, AVGO, CTSH, ADSK, DELL, FAST, INTU, ADI, ALTR, LLTC, AAPL, LINTA, ORCL, CTXS, FOSL, CHKP, FFIV, EXPD

Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up