Four out of nine sectors moved higher on Friday… XLP, XLU and XLB were the
strongest sectors…XLF was the weakest sector.
Breadth weakened
as decliners led advancers 1.69 to 1 on the NYSE and 1.79 to 1 on the NASDAQ.
Friday – weakened, decliners led
Thursday – weakened,
decliners led
Wednesday – weakened,
mixed
Tuesday – weakened,
mixed
Monday – strengthened,
decliners led
SPY down .59 at 192.50 on 189.2 million shares, over double average
volume
VIX up .08 at 17.03…
TNX down .51 at 25.05…
TLT up .88 at 114.56...
XLF down .19 at 22.22 on 49.5 million shares, near double average
volume
AAPL up .53 at 96.13 on 48.5 million shares
FB down .29 at 72.36…on 43.5 million shares
Technical Commentary:
SPY – 0.31%,
QQQ – 0.37%, DIA – 0.44%,
IWM – 0.46%.
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 = 198.12, 199.06…
QQQ = 96.31, 97.52, 98.28
IWM = 116.46, 119.09…
Support Levels
SPY = 196. 59, 194.13,
193.11…
QQQ = 93.57, 91.73,
90.44…
IWM = 114.66, 113.16…
Earnings this week:
Monday – CMI, TSN,
WYNN, JEC, HLF
Tuesday – AET, AKS, DLR, GLW, HCA, MDC, UPS, YNDX, AMGN, AXP, BWLD, CHRW, ESRX, FISV, MAR, MRK, PFE, SLCA, TWTR, X, VRTX
Wednesday – GRMN, HES, AEM, AKAM, CTRP, EQIX, KRFT,
LRCX, MTW, WDC, WFM, YELP
Thursday – DDD, BZH, CL, COP, DTV, XOM, ESI, RYL, TEVA, TWC, EXPE, LNG, LNKD,
MA, MCHP, SPWR, TSLA, TRLA
Friday – CBOE,
CVX, HLT, PG, BRK.A
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 down at 46.
______________________
Setups – The following stocks will be monitored this week for
potential
setup signals: AAPL, FB, ESRX,
WDC, BIDU, CTXS, AA, EMC, HPQ, UA, TWTR, GILD
43 of 100 NDX stocks
closed higher on Friday.
Leading NDX 100 stocks included: EXPE, TSLA, REGN, KRFT, MNST, MXIM, MU, AVGO,
SNDK, NVDA
Lagging NDX stocks included: AKAM, BBBY, DISCA, VIP, SIRI, SYMC, AMZN CHKP,
INTU, BIDU
Leading stocks > +2% on Friday
included: SWKS, JCP,
UBNT,
Lagging stocks < -2.0% included:
GPRO, FEYE, SPWR, CSIQ, TSL, JASO, SUNE,
SCTY, TWTR, GOGO, P, MS, JD, FAS, NTES, CTRP, SPLK, DDD, ANGI, XONE, PANW,
SSYS, CIEN,
Stocks to Watch on Monday
Holding Above 30 DMA= 32
CHRW, ADP,
BIDU, INTC, WDC, SYMC, DTV, GILD, SBAC, NTAP, EBAY, COST, DISCA, CTRX, FB, BBBY,
CERN, AAPL, EXPE, REGN, AMGN, CTXS, FFIV, PCLN, WYNN, BIIB, CHKP, ISRG, YHOO,
BRCM, SPLS, ESRX
Moving Above 30 DMA = 2
DLTR,
TSLA
Moving Below 30 DMA = 9
CA,
CELG, EQIX, FISV, INTU, MSFT, STX, TSCO, WFM
Staying Below 30 DMA
AKAM, ALXN, ATVI, CHTR, CMCSA, CSCO,
CTSH, GOOG, LMCA, MAR, ORLY, PAYX, SBUX, SIAL, SIRI, SRCL, VOD, VRTX, ADBE,
MDLZ, VRSK, EXPD, PCAR,MU, MYL, ADSK, AMZN, HSIC KLAC, LINTA, AVGO, DISH, ILMN,
QCOM, TRIP, ALTR, GMCR, KRFT, LLTC, NXPI, TXN, VIAB, XLNX, AMAT, NFLX, LBTYA,
NVDA, VIP, SNDK, FOXA, MAT, MNST, ADI, ROST, GRMN, FAST, MXIM
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Down
1 comment:
Dave: Thanks much for all you to.
Robert
CANI_212
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