All nine sectors moved higher on Thursday…XLB, XLE and XLV were the
strongest sectors…XLF was the weakest again.
Sector Posture
Positive trend: XLB, XLE, XLI, XLK, XLP,
XLV, XLY
Neutral trend near
resistance: XLF, XLU
Neutral trend near
support:
Both XLF and
XLU are very near breaking out
and moving from neutral to positive.
Breadth strengthened…as advancers led decliners 2.03 to 1 on
the NYSE and 1.39 to 1 on the NASDAQ.
Thursday – strengthened, advancers led
Wednesday – weakened,
mixed
Tuesday – strengthened,
advancers led
Monday – holiday
Friday – strengthened,
advancers led
SPY up .99 at 192.37 on 64.3 million shares
VIX down .11 at 11.57…
TNX up .09 at 24.47…
TLT down .61 at 114.15...
XLF up .05 at 22.24 on 14.9 million shares
AAPL up 11.37 at 635.38 on 13.4 million shares
FB up .32 at 63.83…on 42.6 million shares, below average volume
Technical Commentary:
QQQ +
0.64%, SPY + 0.52%, DIA + 0.42%, IWM + 0.34%.
SPY makes
new all-time closing high.
QQQ makes new bull market closing high.
QQQ makes new bull market closing high.
XLB, XLE, XLI, XLK and XLP make new
all-time closing high.
AAPL, NFLX and PCLN continue to soar.
SPLK -4.76, -9.51% in after-hours trading on negative EPS reaction.
PANW +3.66, +5.27% on positive EPS reaction.
Solar stocks JKS, TSL, JASO, SCTY, SUNE, GTAT and CSIQ, heat it up and sizzle.
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 = 191.49, 192.85,
194.36…
QQQ = 91.36, 93.39…
IWM = 114.55, 115.02…
Support Levels
SPY = 190.42, 188.54,
188.01…
QQQ = 88.61, 87.85,
86.58…
IWM = 113.03, 112.02,
111.04…
Q1 Earnings Reactions
Positive Reactions – PANW,
GLNG, QIHU, HPQ, GME, TSL, ADSK, AMAT, DDS, JCP, AAPL, AET, ALL, ALXN, ANGI, ANR, APA, ATVI, BA, BHI,
BIDU, BTU, BWLD, BX, C, CHRW, CNX, COG,
CTRP, CTRX, CTXS, DAL, DAVE, DECK, DHI, DNB, DO, DTV,
DV, EA, ENR, ETFC, FCX, FISV, FNMA,
FOXA, GE, GILD, GMCR, GME, GRMN, HAL, HAS, HOG, HUM, IBKR, INTC, JNJ, KO, LPNT, LRCX, LVLT, MA,
MAR, MGM, MNST, MRK, MS, NOK, NXPI, PBI, POT, PRU, RF, S, SCHW, SCTY, SNDK, SPWR, STI, SWK, SWKS, TKR, TMUS, TPX, TRIP, TRV,
TSO, TWX, UNP, URI, UTHR, VRSK, WFC, WLP, WYNN, XRX, YELP, YHOO, Z
Negative Reactions – DKS, ESI, SPLS, TJX,
ACI, ADM, AEIS, AIG, AKAM, AKS, ALTR, AMGN, AMZN, ARWR, ATI, BAC, BBRY, BIIB, BMY, BRCM, CAR, CBOE, CELG, CHKP, CLF, CLX, COF, CREE, CTSH, DDD, DIS, DISCA, DISH, DVA, EBAY, ESRX, EXPE, F, FAST,
FEYE, FFIV, FXCM, GOOG, GRPN, IBM, JAZZ, JCI, JDSU, JPM, K, KLAC, KMB, KRFT, LLTC, LLY, LNKD, LVS, LXK, MCP, MMM, MOS, MTW, MU, MXIM, NSC, NUE, NVDA, P, PCAR, PFE, PG, PNRA, PRGO, QCOM, REGN, SAVE, SEE, SFUN, SIRI,
SOHU, SSYS, STLD, STT, STX, SUNE, SWI, T, TSLA, TSN, TWTR, UA, UBNT, UNH, UPS,
V, VECO, VIAB, VMW, VRTX, VZ, WDC, WFM, XLNX, YNDX, YY, ZION, ZNGA,
Reversal in progress – AKAM, BRCM, CHKP,
CTSH, EXPE, GRPN, KMB, LLTC, LXK, MOS, NUE, STLD, SUNE, ZION
Reversal of Initial
Reaction – ADM, AIG, AKS, ARWR, ATI, BAC, BMY, CAR, CELG, COF, DDD, DIS, F, IBM, K,
KRFT, LLY, LVS, MMM, MU, NSC, NUE, NVDA, PG, SIRI, T, UPS, VZ, YNDX, ANGI, ANR, DECK, ETFC, RF, SCHW, SWK, INTC, YHOO
The SPY Market Forecast green line is in the upper zone at 97.
____________________
Setups
Horizontal Breakout: FAS,
IWM, JNPR, LVS, MS, P, RAX, RCL, SFUN, SOHU, SPWR, SWKS, TWTR, V, VRSN, ANGI, SINA,
AKAM, CMCSA, CTSH, FB, GRMN, INTC, NTAP, TSLA, TXN, WYNN, XLNX,
Diagonal Breakout: ATI,
BX, FSLR, GLW, HOG, SCHW, STI, UAL, ZION, MSFT, QCOM,
Bull Flag: CIEN, SCSS,
TPX, YNDX,
Potential Bullish
Divergence: HOG, IBM, TWTR, EBAY,
Gap Up:
Gap Down: SPLK,
Bear Flag:
At Support: IBM,
C- Pattern:
Moves
New Highs: SPY, AAPL,
SNDK, QQQ, AAL, JD, SWKS, Z, GRMN,
Gap Up: PANW, BBRY, UBNT,
Gap Down: CELG,
H Breakout: GOGO, LNKD,
TSL, YELP, AMZN, PCLN, TRIP,
Diagonal Breakout: BBRY,
CSIQ, SCTY,
Breakout Test:
Bull Flag Bounce: RAX,
Bounce:
MACD Divergence Bounce:
X,
Bear Flag:
Support Break:
______________________
73 of 100 NDX stocks
closed higher on Thursday and two were unchanged.
Leading NDX 100 stocks included: NFLX, BIIB, TRIP, ISRG, FOXA, MAR, ATVI, ADSK,
MYL
Lagging NDX stocks included: EBAY, TSCO, DISCA, GMCR, AMAT, CELG, GOOG,
ADI, PCAR
Leading stocks > +2% on Thursday
included: TSL, YELP,
GOGO, PANW, JCP, SPWR, JD, FSLR, BBRY, CSIQ, UBNT, SCTY, SINA
Lagging stocks < -2.0% included:
SFUN, ESI
Stocks to Watch on Friday
Holding Above 30 DMA= 81
MAR, CHRW,
EXPD, SIAL, MDLZ, MU, SNDK, GILD, CHTR, AAPL, CTXS, DTV, ADP, CELG, FISV, EQIX,
NXPI, AVGO, VRSK, LBTYA, SBAC, QCOM, ATVI, KRFT, FOXA, GMCR, ALXN, MNST, SYMC,
CTRX, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, MXIM, BIDU, CMCSA,
FFIV, TRIP, BRCM, GOOG, SIRI, AKAM, AMGN, BIIB, ESRX, EXPE, LLTC, MAT, PCLN,
SBUX, VRTX, VIAB, FB, ALTR, CERN, DLTR, NTAP, WYNN, TXN, DISCA, REGN, TSLA,
AMZN, CTSH, GRMN, KLAC, NVDA, PAYX, ADI, INTC, LINTA, MYL, STX, WDC, VIP
Moving Above 30 DMA = 2
ISRG, LMCA
Moving Below 30 DMA = 2
CHKP,
PCAR
Staying Below 30 DMA
YHOO, DISH, COST, ORLY, ROST, SPLS,
SRCL, VOD, FAST, XLNX, BBBY, TSCO, EBAY, WFM, CA
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Up
No comments:
Post a Comment