Wednesday, April 30, 2014

FOMC Done...Trend Resumes...DIA, SPY Close Near All-time Highs...MU Bull Flag Entry...FB Divergence Bounce...Earnings Continue...


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

Breadth strengthened as advancers led decliners 2.01 to 1 on the NYSE and 1.33 to 1 on the NASDAQ.

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


SPY up .56 at 188.31 on 101.1 million shares
VIX down. 30 at 13.41…
TNX down .47 at 26.48…
TLT up .46 at 111.10...
XLF up .03 at 21.96 on 37.9 million shares

AAPL down 2.24 at 590.09 on 16.2 million shares
FB up 1.63 at 59.78…on 75.4 million shares…MACD Bullish Divergence bounce entry today


Technical Commentary:
IWM + 0.67%, QQQ + 0.26%, SPY + 0.30%, DIA + 0.45%.

DIA 164.45 closed just two cents from its all-time closing high on Dec 31, while SPY closed 57 cents below it all-time closing high on Apr 2.

MU +1.02, +4.06%, Tuesday’s bull flag setup, gave an entry signal today.  ETFC +2.05%, TPX +2.55%, MS +1.34% and BA +0.51% were also bull flag entries today.

SPWR Bull Flag… 


                       (click image to enlarge)


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 = 187.17, 189.70…
QQQ = 86.90, 87.88…
IWM = 113.84, 115.25…

Support Levels
SPY = 183.37, 181.38
QQQ = 85.09, 84.16, 83.15, 82.03
IWM = 110.12, 108.91, 106.99


Earnings This Week:
Monday: BWLD, GLW, SOHU
Tuesday:  DDD, ADM, BMY, CHRW, CHKP, COH, CNX, EBAY, ESRX, FISV, MAR, MRK, MGM, NOK, PCAR, PNRA, STX, SWI, SAVE, S, GT, TWTR, X, VLO, VRSK
Wednesday: GRMN, JDSU, MET, TSO, TWX, WDC, YELP
Thursday:  AKAM, ANR, CTRX, CLX, DVA, EXPE, XOM, ESI, K, KRFT, LNKD, MDC, MA, TMUS, TPX, VRTX, VIAB, WYNN
Friday:  LNG

Q1 Earnings Reactions
Positive Reactions – GRMN, ENR, LVLT, PBI, TWX, CHRW, CNX, DNB, FISV, MAR, VRSK, WLP, MGM, MRK, NOK, S, UTHR, BWLD, AAPL, AET, ALXN, ANGI, BA, BHI, BIDU, BTU, BX, C,COG, CTXS,  DAL, DAVE, DECK, DHI, DO, DV, ETFC, FCX, GE, GILD, GME, HOG, HAL, HAS, HOG, IBKR, INTC, JNJ, KO, LPNT, LRCX, MS, NXPI, POT, RF, SCHW, SNDK, SPWR, STI, SWK, SWKS, TKR, TRV, UNP, URI, WFC, XRX, YHOO

Negative Reactions – EBAY, ESRX, SEE, PNRA, STX, SWI, TWTR, ADM, BMY, CHKP, COH, DDD, GT, PCAR, SAVE, SOHU, ACI, AKS, ALTR, AMGN, AMZN, ATI, BAC, BBRY, BIIB, BRCM, CELG, CLF, CREE, F, FAST, FFIV, GOOG, IBM, JCI, JPM, KLAC, KMB, LLTC, LLY, LVS, LXK, MMM, MU, MXIM, NSC, NUE, P, PG, QCOM, SIRI, STLD, STT, T, UA, UNH, UPS, V, VMW, VZ, XLNX, YNDX, ZIOIN, ZNGA, 

Reversal in progress – BRCM, LLTC, NUE, STLD, ZION

Reversal of Initial Reaction – AKS, ATI, BAC, CELG, F, IBM, KMB, LVS, MMM, MU, PG, SIRI, T, UPS, YNDX, ANGI, BIDU, NFLX, RF, INTC


The SPY Market Forecast green line is pointed up at 72.

____________________

Setups
H Breakout: ATI, IBM, RCL, SPY, UNG, CELG, CMCSA, COST, SNDK,
Diagonal Breakout: C, FAS, GLW, KKD, MTW, NKE, ANR, LVS, UBNT, YNDX, ADSK, INTC, MNST, TRIP, TSLA, WYNN, YHOO,
Bull Flag: SPWR, SWKS, SCHW, SSCS,
One Day:
Potential Bullish Divergence: BX, JDSU, MFRM, SPLK, VRSN, YOKU, TSL, ZION,
Gap Up:  TSO, YELP
Gap Down:  JDSU, MET, WDC
Bear Flag: 
At Support:    
C- Pattern:   

Moves
New Highs: HOG, Z,   
Gap Up: GRMN, ENR, LVLT, CHRW, MAR, PBI, WLP, VRSK, SEE,
Gap Down: SFUN, TWTR, EBAY, ESRX,  
H Breakout: XONE, DTV, Z,     
Diagonal Breakout
Breakout Test:
Bull Flag Bounce: ETFC, MS, MU, BA, TLT, TPX,  
Bounce: CREE, ANGI, CRM, ESI, GOGO, RAX, SCTY, CTSH, MU, WFM,   
MACD Divergence Bounce: FSLR, IWM, JNPR, STI, DDD, LNKD, SSYS, ADBE, AKAM, AMZN, FB, WDC,
Bear Flag:
Support Break: SWI,   

______________________


74 of 100 NDX stocks closed higher on Wednesday.

Leading NDX 100 stocks included: FISV, CHRW, AVGO, MU, SIRI, VRSK, GRMN, GILD, FB, CERN, MAR

Lagging NDX stocks included: ESRX, EBAY, CTRX, STX

Leading stocks > +2% on Wednesday included: Z, TPX, ETFC, XONE, DDD, YNDX, GOGO, SSYS

Lagging stocks < -2.0% included: DDD, SSYS, TWTR, SFUN, SWI, QIHU, P

Stocks to Watch on Wednesday
Holding Above 30 DMA= 24
MAR, KRFT, INTC, CSCO, CHRW, SPLS, COST, EXPD, SIAL, MDLZ, MU, SNDK, CMCSA, ORLY, GILD, CHTR, MYL, AAPL,CTXS, SRCL, VOD, DTV, MSFT, ADP, ALZN, CELG, FISV, SYMC, YHOO, EQIX, NXPI

Moving Above 30 DMA = 13
ATVI, AVGO, BRCM, DLTR, FAST, GRMN, MAT, MXIM, PAYX, SIRI, VIAB, VRSK, LMCA

Moving Below 30 DMA = 1
NVDA

Staying Below 30 DMA
BIDU, LINTA, FOXA, CHKP, PCAR, TXN, ADI, WDC, ILMN, FFIV, QCOM, VIP, EXPE, STX, FB, REGN, SBAC, TSLA, ISRG, AMAT, KLAC, LLTC, NTAP, XLNX, BBBY, ROST, DISH, ALTR, AMGN, CTSH, HSIC, DISCA, SBUX, TSCO, INTU, AKAM, EBAY,ESRX, WFM, TRIP, ADBE, AMZN, BIIB, GMCR, CERN, PCLN, WYNN, LBTYA, MNST, NFLX, CA, ADSK, VRTX, CTRX, GOOG

Sixteen Week Intermediate Term Market Trend: Up
3-Day Short Term Market Trend: Up

Stock Futures Take On Somber Mood After GDP Dismal Report...GDP Rises Only .1% For QTR...After Earnings Report TWTR Slumps 11.78%...ESRX Falls 5.30%...EURO Gains Strength...

BMO – ES – 1.50…and NQ – 9.00…stock futures point to a LOWER open in pre-market…

SPY is down .27…

XLF is unchanged…
Euro is up 46 pips…
TLT is up .04…                                                                                                                                                                                                                                                                                             
Follow your rules for entry and exit…and always remember to adjust stops to protect profits also according to your rules...

Quoting Up: GRMN, GOGO, DDD


Quoting Down: ESRX, EBAY, WYNN, Z, TWTR, YELP, SINA, LNKD, CSIQ, QIHU

Tuesday, April 29, 2014

Trend Resumes as SPX, DJIA Near All-Time Highs...Z Zips...UAL Flys...RCL Cruisin'...Financials Bounce...


After-hours Alert:  TWTR -11.24%, ESRX -5.56%, PNRA -4.40% and EBAY -4.33% down on earning reactions.


Seven of nine sectors moved higher on Tuesday…XLF, XLB and XLK were the strongest sectors…XLP was the weakest sector.  Defensive sectors XLP, XLU pause with bearish harami.

Breadth strengthened as advancers led decliners 1.49 to 1 on the NYSE and 1.12 to 1 on the NASDAQ.

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


SPY up .88 at 187.75 on 84 million shares, below average volume
VIX down. 26 at 13.71…
TNX up .18 at 26.95…
TLT down .15 at 110.64...
XLF up .21 at 21.93 on 27.7 million shares, below average volume

AAPL down 1.76 at 592.33 on 12 million shares
FB up 2.01 at 58.15…on 75.4 million share


Technical Commentary:
QQQ + 0.80%, DIA + 0.51%, SPY + 0.47%, IWM + 0.25%.

SPY and DIA had a bull flag bounce on Tuesday and both are less than one dollar away from their all-time high.  AAPL pauses as YHOO earnings flag, WYNN, TRIP, TSLA, FB, EXPE and GILD bounce.

MU Bull Flag...


                    (click image to enlarge)


CHRW +3.59%, FISV +3.08%, MAR +1.20% up in after-hours trading on positive earning reactions.

TWTR -11.24%, ESRX -5.56%, PNRA -4.40% and EBAY -4.33% down in after-hours trading on negative earning reactions.

There are several hundred more earning announcements this week.

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 = 187.17, 189.70…
QQQ = 86.90, 87.88…
IWM = 113.84, 115.25…

Support Levels
SPY = 183.37, 181.38
QQQ = 85.09, 84.16, 83.15, 82.03
IWM = 110.12, 108.91, 106.99


Earnings This Week:
Monday: BWLD, GLW, SOHU
Tuesday:  DDD, ADM, BMY, CHRW, CHKP, COH, CNX, EBAY, ESRX, FISV, MAR, MRK, MGM, NOK, PCAR, PNRA, STX, SWI, SAVE, S, GT, TWTR, X, VLO, VRSK
Wednesday: GRMN, JDSU, MET, TSO, TWX, WDC, YELP
Thursday:  AKAM, ANR, CTRX, CLX, DVA, EXPE, XOM, ESI, K, KRFT, LNKD, MDC, MA, TMUS, TPX, VRTX, VIAB, WYNN
Friday:  LNG

Q1 Earnings Reactions
Positive Reactions – CNX, MGM, MRK, NOK, S, BWLD, AAPL, AET, ALXN, ANGI, BA, BHI, BIDU, BTU, BX, C,COG, CTXS,  DAL, DAVE, DECK, DHI, DO, DV, ETFC, FCX, GE, GILD, GME, HOG, HAL, HAS, HOG, IBKR, INTC, JNJ, KO, LPNT, LRCX, MS, NXPI, POT, RF, SCHW, SNDK, SPWR, STI, SWK, SWKS, TKR, TRV, UNP, URI, WFC, XRX, YHOO

Negative Reactions – ADM, BMY, CHKP, COH, DDD, GT, PCAR, SAVE, SOHU, ACI, AKS, ALTR, AMGN, AMZN, ATI, BAC, BBRY, BIIB, BRCM, CELG, CLF, CREE, F, FAST, FFIV, GOOG, IBM, JCI, JPM, KLAC, KMB, LLTC, LLY, LVS, LXK, MMM, MU, MXIM, NSC, NUE, P, PG, QCOM, SIRI, STLD, STT, T, UA, UNH, UPS, V, VMW, VZ, XLNX, YNDX, ZIOIN, ZNGA,  

Reversal in progress – ATI, IBM, LLTC, STLD, ZION

Reversal of Initial Reaction – AKS, BAC, MU, PG, ANGI, BIDU, NFLX, RF, INTC


The SPY Market Forecast green line is flat at 71.

____________________

Setups
H Breakout: ATI, CELG, CMCSA, COST, DTV, GILD, MSFT,
Diagonal Breakout: GME, SPY, LVS, TBT, MNST, NTAP, ROST,
Bull Flag: SWKS, TLT, NTES,
One Day: XLP, XLU
Potential Bullish Divergence: TSL, BAC, BX, DDD, QIHU, SCTY, SINA, SPLK, SSYS,
Gap Up: CHRW, FISV, MAR,
Gap Down: EBAY, ESRX, PNRA, TWTR,
Bear Flag: 
At Support: SCTY, WDC,   
C- Pattern:   

Moves
New Highs: HOG,  
Gap Up: CNX,
Gap Down: DDD, GOGO, COH, CHKP, ADM, GT,
H Breakout: UNG,      
Diagonal Breakout
Breakout Test:
Bull Flag Bounce:   
Bounce: AAL, C, CTRP, FAS, KKD, MS, MTW, NKE, PANW, RCL, SPY, TPX, Z, ZION, ANGI, ANR, CIEN, CRM, CSIQ, ESI, LVS, NTES, RAX, SFUN, SINA, SOHU, SWI, UBNT, YNDX, AMZN, BIDU, FFIV, INTC, MU, NFLX, PCLN, TSLA, TXN, YHOO,
MACD Divergence Bounce: JDSU, JNPR, UAL, X, BAC, LNKD, P, QIHU, SPLK, TWTR, YELP, ADBE, AKAM, EBAY, ESRX, FB, GRMN, STX, TRIP, WYNN,   
Bear Flag:
Support Break: SSYS 

______________________


72 of 100 NDX stocks closed higher on Tuesday and two were unchanged.

Leading NDX 100 stocks included: REGN, YHOO, WYNN, VRTX, TRIP, TSLA, ALXN, FB, EQIX, EXPE, GILD, FFIV, BIDU

Lagging NDX stocks included: CHKP, PCAR, CHTR, ISRG, WFM

Leading stocks > +2% on Tuesday included: Z, UAL, CTRP, RCL, FAS, X, MTW YNDX, YELP, LVS, ANR, SPLK, P, TWTR, LNKD, QIHU, CRM, UBNT, SOHU

Lagging stocks < -2.0% included: DDD, SSYS


Stocks to Watch on Tuesday
Holding Above 30 DMA= 24
MAR, KRFT, INTC, CSCO, CHRW, SPLS, NVDA, COST, EXPD, SIAL, MDLZ, MU, SNDK, CMCSA, ORLY, GILD, CHTR, MYL, AAPL, CTXS, SRCL,VOD, DTV, MSFT

Moving Above 30 DMA = 8
ADP, ALXN, CELG, FISV, SYMC, YHOO, EQIX, NXPI

Moving Below 30 DMA = 1
DLTR

Staying Below 30 DMA
BIDU, LINTA, FOXA, AVGO, BRCM, CHKP, FAST, GRMN, MXIM, PCAR, TXN, ADI, WDC, ILMN, FFIV, QCOM, VIP, EXPE, STX, FB, REGN, SBAC, TSLA, ISRG, AMAT, KLAC, LLTC, MAT, NTAP, XLNX,BBBY, ROST, DISH, ALTR, AMGN, ATVI, CTSH, HSIC, PAYX, VIAB, DISCA, SBUX,TSCO, INTU, AKAM, EBAY, ESRX, WFM, LMCA, TRIP, ADBE, AMZN, BIIB, GMCR, CERN, PCLN, WYNN, LBTYA, MNST, NFLX, CA, VRSK, BRTX, SIRI, CTRX, GOOG

Sixteen Week Intermediate Term Market Trend: Up
3-Day Short Term Market Trend: Neutral/Up

Stocks Expected To Open Upbeat...After Housing Data & Consumer - Confidence Index Looking Hopeful...GOGO Slides 17.08%...As Does COH Down 7.18% After Reported Weak Sales...

BMO – ES + 4.50…and NQ + 6.25…stock futures point to a HIGHER open in pre-market…

SPY is up .73…

XLF is up .04…
Euro is down 19 pips…
TLT is down .80…                                                                                                                                                                                                                                                                                       
Follow your rules for entry and exit…and always remember to adjust stops to protect profits also according to your rules...

Quoting Up: MU, YHOO, GMCR, GILD, CTRP, Z, FAS, SFUN, CSIQ, TBT


Quoting Down: AMZN, TLT

Monday, April 28, 2014

Trading Session Today...Roller Coaster...Stocks Mostly Ended Up For Day...

Six of nine sectors moved higher on Monday…XLP, XLK and XLV were the strongest sectors…XLF was the weakest sector.   

Breadth strengthened as advancers led decliners 1.09 to 1 on the NYSE and 1.67 to 1 on the NASDAQ where decliners led advancers.

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


SPY up .59 at 186.88 on 134.1 million shares
VIX down. 09 at 13.97…
TNX up .11 at 26.77…
TLT down .54 at 110.79...
XLF down .13 at 21.72 on 43.8 million shares

AAPL up 22.15 at 594.09 on 23.8 million shares, above average volume
FB down 1.57 at 56.14…on 107.4 million share, above average volume


Technical Commentary:
DIA + 0.50%, SPY + 0.31%, QQQ + 0.32%, IWM – 0.58%.

DIA, SPY and QQQ each formed an outside day hammer type candle pulling back from a higher high to a higher low in a bull flag pattern.  Outside days are often short-term trend reversal patternsIWM formed a higher low pulling back from a similar high, a potential W bottom pattern.


GLW rose while SOHU fell after releasing earnings before the open.  After the close BWLD +7.01, +5.26% gained on a positive earnings reaction.

There are several hundred more earning announcements this week.

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 = 187.17, 189.70…
QQQ = 86.90, 87.88…
IWM = 113.84, 115.25…

Support Levels
SPY = 183.37, 181.38
QQQ = 85.09, 84.16, 83.15, 82.03
IWM = 110.12, 108.91, 106.99


Earnings This Week:
Monday: BWLD, GLW, SOHU
Tuesday:  DDD, ADM, BMY, CHRW, CHKP, COH, CNX, EBAY, ESRX, FISV, MAR, MRK, MGM, NOK, PCAR, PNRA, STX, SWI, SAVE, S, GT, TWTR, X, VLO, VRSK
Wednesday: GRMN, JDSU, MET, TSO, TWX, WDC, YELP
Thursday:  AKAM, ANR, CTRX, CLX, DVA, EXPE, XOM, ESI, K, KRFT, LNKD, MDC, MA, TMUS, TPX, VRTX, VIAB, WYNN
Friday:  LNG


Q1 Earnings Reactions
Positive Reactions – DV, LPNT, ALXN, AET, BIDU, COG, DECK, DHI, DO, FCX, BTU, POT, SWK, SPWR, TKR, AAPL, CTXS, LRCX, NXPI, AET, ANGI, ETFC, DAVE, SWKS, BA, DAL, GILD, NFLX, HOG, RF, TRV, XRX, HAL, HAS, STI, BHI, BX, C, GE, GME, IBKR, INTC, JNJ, KO, MS, SCHW, SNDK, UNP, URI, WFC, YHOO

Negative Reactions – F, STT, ALTR, AMZN, BRCM, CLF, KLAC, MXIM, SIRI, MMM, LLY, V, VZ, LVS, NUE, P, UA, UPX, YNDX, BIIB, CELG, FFIV, QCOM, UA, XLNX, YNDX, ZNGA, PG, AMGN, CREE, JCI, JNPR, NSC, T, VMW, LXK, KMB, ZION, AKS, ATI, ACI, BAC, BBRY, FAST, GOOG, IBM, JPM, LLTC, MU, STLD, UNH

Reversal in progress – ATI, IBM, LLTC, STLD, ZION

Reversal of Initial Reaction – AKS, BAC, MU, PG, ANGI, NFLX, RF, INTC


The SPY Market Forecast green line is flat at 71.

____________________

Setups
H Breakout: GLW, HOG, SPWR, CMCSA, COST, GILD,
Diagonal Breakout:  
Bull Flag: MU, TXN,  
One Day:  
Potential Bullish Divergence:  
Gap Up: BWLD
Gap Down:
Bear Flag: 
At Support: FSLR, IWM, SCHW, ZION, ESI, QIHU, SCTY, SFUN, TSL, TWTR, ADBE, EBAY, FB,  
C- Pattern:   

Moves
New Highs:  
Gap Up: UNG,  
Gap Down: TLT, BAC, SOHU,  
H Breakout: IBM, BBRY, MSFT,     
Diagonal Breakout:  
Breakout Test:
Bull Flag Bounce:   
Bounce: UPL, V, MNST,  
MACD Divergence Bounce: GME, MFRM, ROST,  
Bear Flag:
Support Break: JDSU, JNPR, X, CRM, LNKD, SPLK, WLT, YOKU, AKAM, ESRX, FFIV, NFLX, PCLN, TRIP, WDC, WYNN,

______________________


47 of 100 NDX stocks closed higher on Monday.

Leading NDX 100 stocks included: CHTR, AAPL, MSFT, SPLS, BRCM

Lagging NDX stocks included: BIDU, ILMN, WYNN, DISH, MYL, FB, MU, FOXA, AVGO, NFLX, AMZN

Leading stocks > +2% on Friday included: GME, BBRY, XONE, UNG


Lagging stocks < -2.0% included: FSLR, X, PANW, CREE, JDSU, ETFC, AAL, KKD, CSIQ, TSL, ANGI, CRM, SOHU, LNKD, BAC, YOKU, QIHU