Six of nine
sectors
moved higher on Thursday…XLE, XLI and XLB were the strongest sectors…while
XLV was the weakest sector.
Breadth strengthened
as advancers
led decliners 1.30 to
1 on the NYSE and 1.08 to
1 on the NASDAQ.
Thursday – strengthened, advancers led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliners led
Friday – weakened, mixed
SPY up .29 at 188.04 on 70.4 million shares, below average volume
VIX up .31 at 14.20…
TNX up .39 at 27.37…
TLT down 1.03 at 106.59...
XLF up .08 at 22.28 on 39 million shares
AAPL down 1.68 at 530.68 on 6 million shares, below average
volume
FB down .73 at 70.84…on
45.7 million shares, below average volume
Technical
Commentary:
DIA +
0.45%, SPY + 0.23%, IWM – 0.02%, QQQ – 0.10%.
S&P 500 closed at another record high
today…up 3.22
closing at 1,877.03 and marks the 50th record high in the
past 12 months. The DJIA closed
up 61.71…while the NASDAQ started out
positive but ended down 5.85 in today’s trading with biotechnology and pharmaceuticals
being the biggest losers in the index.
Not only
are the Staples Stores washed in red…SPLS was red all over in trading today and
closed down 2.05%, down 15.30% after reporting disappointed quarterly earnings. COST also disappoint with a gap down
and breaking support…COST down 3.21 or 2.76%.
The EURO
rallied against the dollar in today’s trading…surging up 138 pips.
SINA closed up 5.76 or 11.60%
TSL was up 1.89 or 11.60%
BIDU traded up 10.07 or 5.77%
Look at the Chart
Signals lists below for more great setups…
Trade with the trend of the chart
you are trading and continue
to move your protective stops. Continue to follow your rules.
Short-term
up trend Chart Targets:
SPY = 189.25, 190.55…
QQQ = 90.96, 92.25, 93.05…
IWM = 120.64, 121.84…
Support Levels
SPY = 187.15, 183.75, 182.60
QQQ = 88.87, 87.35,
86.49
IWM = 118.71, 115.58
Q4 earnings season…
The majority of earnings
season is done, however there are still a few companies including CIEN, COST, JOY, QIHU, BIG, and FL that
will report over the next few days…AZO neutral reaction
Q4 Earnings Reactions
Positive Reactions –
DRYS, TSL, DDD, MNST, ROST, YOKU, CRM, SHLD, ANF, TGT, DLTR, LOW, HD, M, SCTY, ZU,
PCLN, DISH, INTU, AEE, MDRX, ALEX, DTV, TSLA, GRMN, SWY, KRFT, AMAT,
CTRP, NVDA, SPWR, TRIP, REGN, CBOE, MCO, ATVI, AKAM, EXPE, GMCR, NXPI,
ONNN, ORLY, SCSS, SWI, TWX, DIS, YELP, AGNC, KORS, KEYW, IDXX, XYL, YUM,
NOV, SPG, TSN, ZNGA, ALXN, BRCM, BX, CMG, GOOG, JDSU, MTW, PHM, RYL, UA,
VIAB, V, BA, DOW, FB, LVS, QCOM, VLO, AKS, AAL, CHKP, EA, F, ILMN, LXK, CAT,
RCL, JNPR, MSFT, KMB, PG, MXIM, SBUX, NFLX, FFIV, URI, UNP, EBAY, MCD,
CREE, TXN, UTX, NUAN, XLNX, BHI, DAL, RF, MS, SLB, STI, AXP, SWKS, BAC, LLTC,
WEN, MON, MU, STZ, APOL
Negative Reactions – CSIQ,
HOV, MCP, SSYS, ADSK, CRM, FSLR, SINA, ESRX, GRPN, YNDX, KO, A, GNC, WTW, VFC,
WFM, ANGI, CSCO, DISCA, NTAP, RAX, CI, LNKD, TPX, VRSN, ADP, CTSH, HUM,
MDC, P, TSO, TWTR, ADM, BWLD, CERN, CHRW, DDD, SFLY, GILD, CVX, MA, MAT, PCAR,
AMZN, MMM, CELG, CL, XOM, ESI, HOG, OSTK, POT, SHW, WHR, BA, CTXS, EMC, TSCO,
CRUS, GLW, DD, F, VMW, YHOO, AAPL, STX, ZION, HON, KSU, SWK, STT, ALTR, ISRG,
KLAC, KEY, JCI, LMT, WDC, ABT, BAX, ATI, COH, FCX, AMD, IBM, HAL, JNJ, TRV, VZ,
GE, COF, INTC, UNH, C, GS, CSX, FAST, AA, FDO, BBBY, SCHN (102)
Reversal in progress –
FSLR, RAX, ADSK, WFM, CSX, GS, COF, JNJ, IBM, ATI, JCI, KEY, STX, CRUS (14, 14%)
Reversal of Initial
Reaction – UNH, WDC, DISCA, XOM, CTXS, DDD, SFLY, TPX, VZ, ABT, BAX, AAPL, CL, VRSN,
CSCO, ADP, CTSH, HUM, P, TSO, ADM, CERN, GILD, PCAR, MMM, CELG, HOG, POT, SHW,
EMC, GLW, DD, VMW, YHOO, ZION, HON, SWK, ALTR, ISRG, KLAC, LMT, HAL, FAST, FDO,
AA (45, 45%)
The Market Forecast Green Line closed above 93.
____________________
Setups
H Breakout: C, FSLR, GLD, GME, GOGO, MFRM, NTES, SCSS,
SWI, UAL, X, ZION, GOOG,
Diagonal Breakout: A, LNKD, WLT, AAPL,
Bull Flag: BBRY, NKE, SCTY,
One Day:
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: ANGI, WDC,
C- Pattern:
Moves
New Highs: AAL, FAS, LVS, QIHU, SFUN, SPY, SWKS,
TSL, YOKU, BIDU, CTSH, DTV, ESRX, QCOM, TRIP, TXN, XLNX,
Gap Up:
Gap Down: P, COST,
H Breakout: STI,
Diagonal Breakout:
Breakout Test:
Bull Flag Bounce:
Bounce: ANR, SINA,
MACD Divergence Bounce:
Bear Flag:
Support Break: XONE, CELG, GILD, NTAP,
______________________
54 out of 100 NDX
stocks closed higher on Thursday and
one was unchanged.
Leading NDX 100 stocks included: BIDU, NXPI, DIS,
DTV, LBTYA, SBUX, MDLZ, DISCA, CTSH
Lagging NDX stocks included: SPLS, STX, CELG,
ILMN, VRTX, GILD, VIP, GMCR, COST, MYL
Leading stocks > +2% on Thursday
included: TSL, SINA, ANR, QIHU, WLT, SFUN, YOKU, NTES
Lagging stocks < -2.0% included: P, XONE, DDD, ANGI, CIEN, DRYS, SSYS,
SOHU
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