Six of nine sectors moved higher and one was
unchanged on Friday…XLK, XLF and XLU were the
strongest sectors…XLB was the weakest sector.
Sector Posture – eight sectors are positive
Positive trend: XLB, XLE, XLF, XLK, XLP,
XLU, XLV, XLY
Neutral trend near
resistance:
Neutral trend near
support: XLI
Breadth strengthened…as advancers led decliners 2.01 to 1 on
the NYSE and 1.71 to 1 on the NASDAQ.
Friday – strengthened, advancers led
Thursday - mixed
Wednesday –
strengthened, advancers led
Tuesday – weakened,
decliners led
Monday – weakened,
decliners led
SPY up .38 at 195.82 on 71.4 million shares
VIX down .37 at 11.26…
TNX up .07 at 25.32…
TLT down .17 at 113.24...
XLF up .09 at 22.76 on 17.9 million shares
AAPL up 1.08 at 91.98 on 64 million shares, double Thursday’s volume
FB up .47 at 67.60…on 46.4 million shares
Technical Commentary:
IWM +0.67%,
QQQ + 0.44%, SPY +0.19%, DIA +0.05%.
QQQ made a new bull-market high reaching its highest level since
Sep 25, 2000. SPY and IWM gave a bull-flag
bounce entry signal.
Sector moves in XLB and XLF bounced in an ascending triangle. XLE is in a bull-flag pattern. XLU and XLY bounced, setting up
a horizontal resistance breakout.
XLV drifted lower from its all-time high on Thursday.
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 –
Tuesday – CAMP, PAYX
Wednesday – STZ,
Thursday – ESI
Friday –
Earnings this past week:
Monday – MU
Tuesday –
CCL, WAG
Wednesday
– APOL, BKS, BBBY, GIS,
MON
Thursday –
ESI, LEN, NKE, SCHN
Friday –
KBH, FINL
Q1 Earnings Reactions
Positive Reactions – APOL,
BKS, KBH, MON, MU, NKE, SCHN, 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 – BBBY,
GIS, CCL, WAG, 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 89.
____________________
Setups
Horizontal Breakout: IWM,
AAL, CTRP, FEYE, FSLR, GOGO, JCP, LNKD, MFRM, P, PANW, SSYS, SUNE, TPX, X,
XONE, GILD, GMCR, WDC,
Diagonal Breakout: BX,
CIEN, MS, STI, TSL, V, ZION, AMZN, AVGO, EBAY, ILMN, SNDK, TXN,
Bull Flag:
ANGI, BBRY, CREE, CRM, ETFC, FAS, GTAT, JASO, QIHU, RCL, SWKS, UBNT, UPL, ADBE,
AKAM, BRCM, CTXS, MNST, MU,
Potential Bullish
Divergence: QCOM,
Gap Up:
Gap Down:
Bear Flag:
At Support: AIG, BAC,
C, DAL, SWI, UAL, UNG, NTAP, PCLN,
C- Pattern:
Moves
New Highs: QQQ, ATI, GPRO,
SCTY, SPWR, SSYS, BIDU, CELG, CMCSA, FB, INTC, MAR, MSFT, TRIP, TSLA,
H Breakout: CSIQ, DDD,
SCSS, SFUN,
Diagonal Breakout: WDC,
Bull Flag Bounce: SCHW,
AAPL, ADSK, EXPE, GRMN, NFLX, STX,
Gap Up: MTW, NKE,
Gap Down: VRSN,
Breakout Test: GME, JD,
JDSU, TWTR, GOOG, SBUX,
Bounce: GLW, ESRX, FFIV,
MACD Divergence Bounce:
Bear Flag:
Support Break: RAX,
C- Pattern:
______________________
57 of 100 NDX stocks
closed higher on Friday and two were unchanged.
Leading NDX 100 stocks included: GMCR, FFIV, ISRG, DISH, EXPE, GRMN, TRIP, CHTR,
SBAC, NXPI
Lagging NDX stocks included: ALXN, SPLS, MU, ADBE, TSCO, PCLN, REGN, MNST,
HSIC, MDLZ
Leading stocks > +2% on Friday
included: MTW, SSYS,
JCP,
Lagging stocks < -2.0% included:
RAX, VRSN, WLT
Stocks to Watch on Monday
Holding Above 30 DMA= 71
MAR, CHRW,
SIAL, MU, SNDK, CHTR, AAPL, CTXS, ADP, CELG, EQIX, NXPI, AVGO, ATVI, KRFT,
GMCR, CTRX, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, BIDU, CMCSA,
TRIP, BRCM, GOOG, SIRI, AKAM, AMGN, BIIB, EXPE, FB, LLTC, SBUX, ALTR, TXN,
TSLA, ADI, AMZN, GRMN, KLAC, INTC, MYL, STX, VIP, WDC, ORLY, SRCL, FAST, ISRG,
LMCA, CHKP, XLNX, PAYX, SYMC, CTSH, DISH, DTV, MAT, LINTA, VRTX, FISV, GILD, SBAC,
FOXA, WYNN
Moving Above 30 DMA = 3
FFIV,
VIAB, VOD
Moving Below 30 DMA = 4
DLTR, MDLZ, MNST, PCLN
Staying Below 30 DMA
COST,
NTAP, PCAR, MXIM, ALZN, NVDA, QCOM, WFM, BBBY, CA, CERN, DISCA, REGN, ROST,
YHOO, ESRX, VRSK, EXPD, TSCO, LBTYA, SPLS, EBAY
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Up
No comments:
Post a Comment