Friday, June 20, 2014

SPY, DIA, QQQ Rise Following Quarterly Dividend on Expiration Friday...XONE, BBRY, CSIQ, YNDX on the Rise Once Again...

Five of nine sectors moved higher on Friday…XLE, XLV and XLB were the strongest sectors…XLU was the weakest. 

Sector Posture – all sectors are positive 
Positive trend: XLB, XLE, XLF, XLI, XLK, XLP, XLV, XLY, XLU
Neutral trend near resistance:
Neutral trend near support:

Breadth strengthened…as advancers led decliners 1.33 to 1 on the NYSE and 1.34 to 1 on the NASDAQ.

Friday – strengthened, advancers led
Thursday – mixed
Wednesday – strengthened, advancers led
Tuesday – strengthened, advancers led
Monday – mixed, advancers led


SPY up .40 at 195.94 on 100.6 million shares following a .93669 quarterly dividend
VIX up .23 at 10.85…
TNX up .02 at 26.24…
TLT up .84 at 111.80...
XLF up .09 at 22.83 on 22.82 million shares following a .08961 quarterly dividend

AAPL down .95 at 90.91 on 100.8 million shares
FB up .16 at 64.50…on 46.4 million shares


Technical Commentary:
IWM +0.33%, SPY + 0.20%, DIA + 0.19%, QQQ +0.12%.


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 = 196.05, 197.87, 198.99 …
QQQ = 93.02, 94.31, 94.89…
IWM = 117.48, 118.48, 120.30…

Support Levels
SPY = 193.11, 191.96, 190.88…
QQQ = 91.73, 90.44…
IWM = 114.66, 113.62…


EARNINGS this week:
Monday – HTZ, MU,
Tuesday – CCL
Wednesday – APOL, BKS, BBBY, GIS, MON
Thursday – ESI, LEN, NKE, SCHN
Friday – KBH, FINL

Q1 Earnings Reactions
Positive Reactions – ADBE, BBRY, FDX, RHT, YGE, ULTA, CIEN, BIG, PANW, GLNG, QIHU, AAPL, ADSK, AET, ALL, ALXN, AMAT, ANGI, ANR, APA, ATVI, BA, BHI, BIDU, BTU, BWLD, BX, C, CHRW, CNX, COG, CTRP, CTRX, CTXS,  DAL, DAVE, DDS, DECK, DHI, DNB, DO, DTV, DV, EA, ENR, ETFC, FCX, FISV, FNMA, FOXA, GE, GILD, GMCR, GME, GOGO, GRMN, HAL, HAS, HOG, HPQ, HUM, IBKR, INTC, JCP, JNJ, KO, LPNT, LRCX, LVLT, MA, MAR, MGM, MNST, MRK, MS, NOK, NTAP,NXPI, PBI, PCLN, POT, PRU, RF, S, SCHW, SCTY, SNDK, SPWR, STI, SWK, SWKS, TKR, TMUS, TPX, TRIP, TRV, TSL, TSO, TWX, UNP, URI, UTHR, VRSK, WFC, WLP, WYNN, XRX, YELP, YHOO, Z

Negative Reactions – ORCL, LULU, KKD, SPLK, 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, DKS, DVA, EBAY, ESI, 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, NKE,NSC, NUE, NVDA, P, PCAR, PFE, PG, PNRA, PRGO, QCOM, REGN, SAVE, SEE, SFUN, SIRI, SOHU, SPLS, SSYS, STLD, STT, STX, SUNE, SWI, T, TJX, TSLA, TSN, TWTR, UA, UBNT, UNH, UPS, V, VECO, VIAB, VMW, VRTX, VZ, WDC, WFM, XLNX, YNDX, YY, ZION, ZNGA,

Reversal in progress – AEIS, AMGN, BRCM, CHKP, CTSH, EXPE, FEYE, GRPN, KLAC, KMB, LLTC, LXK, MOS, NUE, PCAR, STLD, WDC, ZION

Reversal of Initial Reaction – ADM, AIG, AKAM, AKS, ARWR, ATI, BAC, BMY, BRCM, CAR, CELG, COF, DDD, DIS, DISCA, DVA, ESRX, F, FFIV, IBM, JCI, K, KRFT, LLY, LNKD, LVS, MMM, MU, NKE, NSC, NUE, NVDA, PG, PRGO, QCOM, SAVE, SIRI, SOHU, STX, SUNE, T, UPS, VIAB, VMW, VZ, YNDX, YY, ANR, BTU, COG, YHOO


The SPY Market Forecast green line is rising in the upper zone at 92.

____________________

Setups
Horizontal Breakout: AAL, ATI, FAS, JCP, P, SCSS, STI, SUNE, SWKS, XONE, ZION
Diagonal Breakout: BAC, BX, CIEN, CREE, DDD, GOGO, HOG, QIHU, SPWR,
Bull Flag: ANGI, CRM, CTRP, ETFC, FEYE, FSLR, GTAT, JASO, JD, LNKD, MS, PANW, RAX, SSYS, SWI, UBNT, YELP
Potential Bullish Divergence: 
Gap Up:  
Gap Down:
Bear Flag:  At Support:       
C- Pattern:

Moves
New Highs: BBRY, GLW, NTES, SCTY, UPL, YNDX, Z,
H Breakout: CSIQ, GLW, IWM, JDSU,
Diagonal Breakout: MTW, YNDX,
Bull Flag Bounce: SCHW,
Gap Up:
Gap Down
Breakout Test: AIG, GME, SPY, X,
Bounce
MACD Divergence Bounce:  
Bear FlagSFUN,    
Support Break:

C- Pattern

______________________

38 of 100 NDX stocks closed higher on Thursday and three were unchanged.


Leading NDX 100 stocks included: ALXN, AMGN, DISH, BIIB, NXPI,CLEG, GILD, KLAC, CHTR, CTRX

Lagging NDX stocks included: REGN, WFM, DISCA, FOXA, SIRI, YHOO, TSCO, GRMN, VIAB, NTAP

Leading stocks > +2% on Friday included: XONE, BBRY, CSIQ, YNDX, AAL, TSL, Z, JASO,

Lagging stocks < -2.0% included: SFUN, GOGO, SOHU, SWI, GTAT


Stocks to Watch on Monday
Holding Above 30 DMA= 73
MAR, CHRW, SIAL, MU, SNDK, CHTR, AAPL, CTXS, ADP, CELG, EQIX, NXPI, AVGO, ATVI, KRFT, CMGR, CTRX, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, MXIM, BIDU, CMCSA, FFIV, TRIP, BRCM GOOG,  SIRI, AKAM, AMGN, BIIB, EXPE, FB, LLTC, SBUX, VIAB, ALTR, CERN, DISCA, DLTR, NTAP, REGN, TSLA, TXN, ADI, AMZN, GRMN, KLAC, NVDA, INTC, MYL, STX, VIP,  WDC, ORLY, SRCL, FAST, ISRG, LMCA, CHKP, MNST, XLNX, PAYX, PCAR, SYMC, CA, CTSH, DISH, DTV, MAT, QCOM

Moving Above 30 DMA = 3
ALXN, FISV, GILD                                          
                                   
Moving Below 30 DMA = 5
COST, FOXA, LINTA, PCLN, WFM                                                                        

Staying Below 30 DMA
BBBY, CA, CERN, DISCA, REGN, ROST, YHOO, ESRX, VRSK, EXPD, VRTX, MDLZ, TSCO, SBAC, LBTYA, WYNN, SPLS, VOD, EBAY

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

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