Thursday, August 7, 2014

Stocks End Lower With The DJIA Closing At Three Month Low... After Reporting Earnings SFUN Up 11.80%...SUNE Closes Up 11.75%...SSYS Soars Up 14.78%...In After Hours Trading & Reported Good Sales GPS Up 4.48%...

Two out of nine sectors moved higher on Thursday…however XLU, XLI and XLK were the strongest sectors…XLV was the weakest sector.

Breadth weakened as decliners led advancers 1.16 to 1 on the NYSE and 1.75 to 1 on the NASDAQ.

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


SPY down 1.04 at 191.03 on 135.5 million shares, above average volume
VIX up .29 at 16.66…
TNX down .50 at 24.24…
TLT up 1.07 at 115.77...
XLF down .10 at 22.16 on 39.8 million shares, above average volume

AAPL down .01 at 94.48 on 46.5 million shares
FB up .70 at 73.17…on 38 million shares


Technical Commentary:

QQQ – 0.32% DIA – 0.40%, IWM – 0.48%, SPY – 0.54%.


Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.


Short-term up trend Chart Targets:
SPY = 194.30, 195.78...
QQQ = 96.31, 97.52, 98.28
IWM = 112.23, 114.31...

Support Levels
SPY = 191.57, 189.51...
QQQ = 93.57, 91.73, 90.44…
IWM = 110.15, 108.86...


Q2 Earnings Reactions
Positive Reactions – AKS, AMGN, CHRW, ESRX, HCA, HES, LRCX, TSN, TWTR, WYNN, X, YNDX, CMG, BIIB, ISRG, SWI, UA, VRSN, AAPL, APD, CA, CHKP, CMCSA, CTXS, DAL, DECK, DOW, FFIV, FB, FTI, GD, LXK, LMT, NBR, NDAQ, NOK, OSTK, ORLY, PETS, RHI, STLD, SWK, TSCO, TXN, WHR, XRX, ZION, BX, C, GOOGL, GS, HON, INTC, KSU, JPM, PM, SCSS, SWKS, URI, AA, STZ, APOL, BKS, KBH, MON, MU, NKE, SCHN,

More than 10% - TWTR, CMG, BIDU, BIIB, ISRG, OSTK, SWI, UA, VRSN, X

Negative Reactions – AEM, AET, AKAM,  BWLD, BZH, CL, CMI, COP, DDD, ESI, GLW, GRMN, HLF, JEC, KRFT, LNG, MTW, RYL, SLCA, UPS, VRTX, XOM, ALK, ALXN, AMZN, ANGI, ATI, BA, CAT, CELG, DHI, DNKN, EA, ETFC, FCX, GM, HOG, ILMN, JNPR, KLAC, KMB, KO, LLTC, MCD, NFLX, P, PHM, QCOM, SBUX, STI, STO, T, TPX, TRIP, TRV, UTX, V, XLNX, AMD, BAC, BHI, JCI, JNJ, LVS, MAT, SLB, SNDK, STX, USB, YHOO, FAST, FDO, CAMP, BBBY, GIS, CCL, WAG,

More than -10% - AMD, ANGI, BWLD, CAMP, DHI, HLF, MXIM, P, SNDK, XLNX,


Reversal in progress – GIS, WAG,


Reversal of Initial Reaction – BBBY, YHOO, APOL, KBH, MON,


The SPY Market Forecast green line is pointed Up at 14.

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Setups – The following stocks will be monitored this week for potential
moves:  AAPL, GILD, AA, HPQ, TWTR, FB, BIDU, EMC, CTRX, UA, WDC, ESRX


Moves for Thursday:

Bull Flag Bounce Continuation: CTXS, WDC, ESRX


______________________

24 of 100 NDX stocks closed higher on Thursday and one was unchanged.

Leading NDX 100 stocks included: FOXA, NFLX CTSH, TSLA, MSFT, VRSK, SYMC, FB

Lagging NDX stocks included: NXPI, MU, MYL WFM, WYNN, VIP, SNDK, ATVI, VRTX, SPLS, ADI, AMAT

Leading stocks > +2% on Thursday included: SFUN, SUNE, CTRP, SCTY, SPWR, FEYE, SSYS, XONE, VJET FSLR, JCP, GTAT

Lagging stocks < -2.0% included: RCL, JDSU, ETFC, LVS


Stocks to Watch on Friday
Holding Above 30 DMA= 25
CHRW, BIDU, INTC, WDC, SYMC, GILD, SBAC, NTAP, EBAY, COST, FB, BBBY, CERN, EXPE, REGN, AMGN, CTXS, FFIV, PCLN, ISRG, YHOO, SPLS, ESRX, DLTR, TSLA,

Moving Above 30 DMA = 3
FOXA, MSFT, NFLX                                                                                                 

Moving Below 30 DMA = 4
ATVI, BIIB, DISCA, WFM                                                                                              

Staying Below 30 DMA
AAPL, CHKP, CTSH, TSCO, WYNN, ADP, BRCM CA CELG, MAR, STX, CTRX, DTV, EQIX, FISV, INTU, AKAM, ALXN, CHTR, CMCSA, CSCO, GOOG, LMCA, ORLY, PAYX, SBUX, SIAL, SIRI, SRCL, VOD, VRTX, ADBE, MDLZ, VRSK, EXPD, PCAR, MU, LYL, ADSK, AMZN, HSIC, KLAC, LINTA, AVGO, DISH, ILMN, QCOM, TRIP, ALTR, GMCR, KRFT, LLTC, NXPI, TXN, VIAB, XLNX, AMAT, LBTYA, NVDA, VIP, SNDK, MAT, MNST, ADI, ROST, GRMN, FAST, MXIM

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

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