Tuesday, September 30, 2014

Indexes Give Back Mid-morning Gains, NDX Higher on EBAY, CSCO, WYNN and AAPL...GPRO, FB New High...

Three of nine sectors moved higher on Tuesday… XLK, XLU and XLP were the strongest sectors…XLE was the weakest sector. 

Breadth weakened…decliners led advancers…1.70 to 1 on the NYSE and 2.26 to 1 on the NASDAQ.

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

SPY down .52 at 197.02 on 131.3 million shares
VIX up .33 at 16.31…
TNX up .17 at 25.08…
TLT down .66 at 116.27...
XLF down .04 at 23.17 on 33 million shares

AAPL up .64 at 100.75 on 55.2 million shares
FB up .04 at 79.04…on 35.9 million shares

Technical Commentary:
QQQ +0.14%, DIA -0.15%, SPY -0.26%, IWM -1.51%.

Before the open the S&P Case-Shiller home price index came in lower than expected -0.5% contraction in prices.  This set the stage for a slightly lower open as futures sold off after the release.  After the open the Chicago PMI was released with a strong 60.5 reading but was lower than forecast 62.0.  Shortly thereafter at 10 am ET, Consumer Confidence came out at 86.0 level, lower than the 92.5 forecast.

After the Consumer Confidence release QQQ, SPY and DIA rallied into positive territory and above Monday’s high.  Just before noon the indexes started to pull back and DIA and SPY closed slightly lower while QQQ closed 14 cents above Monday’s close.  IWM traded below Monday’s close all day and closed near its low of the day.

Gains in EBAY, CSCO, WYNN, AAPL, REGN, AMZN, AMGN and GOOG helped lift the NDX +2.26 points on Tuesday.

EBAY +3.97, +7.54% gapped higher on news that eBay and PayPal will be split into two public companies in 2015.

BABA +.10, +0.11% continues to trade in two to three dollar range below 92.70, its initial post IPO trading price.  BABA options began trading on Monday and traded more than 61,000 contracts on Tuesday.

GPRO +2.76, +3.03% after C raised its price target from $70 to $94 and maintains a Neutral rating.  GPRO introduced its new Hero series of cameras with a price range of $130 to $500.

AMBA -.80, -1.80% which makes chip for GPRO cameras pulled back after hitting a new high of 46.78 today.

CYBR +4.62, +16.87% bounce after going public last week.

RWLK +1.05, +3.17% bounced and is setting up a horizontal breakout setup after going public on Sep 12.


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 = 198.98, 200.65, 201.90...
QQQ = 99.75, 100.56
IWM = 112.43, 113.40, 114.36...

Support Levels
SPY = 197.46, 196.24, 195.16...
QQQ = 98.87, 97.82, 96.94
IWM = 109.56, 108.15, 106.74...

Sep Earnings Reactions
Positive Reactions – BBBY, BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,

More than 10% - NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – AZO, ADBE, KKD, CIEN,

More than -10% -

Reversal in progress –

Reversal of Initial Reaction – KKD,


The SPY Market Forecast green line is at 47This is a bearish reading.  Be on alert for a bearish shift if SPX/SPY break short-term support.

____________________

Setups
Horizontal Breakout: AA, SFUN, SPLK, SWKS, UA, V, CELG, MNST, WDC, WYNN,
Diagonal Breakout: MFRM, PANW, SSYS, STI, TWTR, X, AAPL, AVGO, MAR, MSFT, NTAP, ROST,
Bull Flag: BAC, BBY, C, ETFC, MS, RCL, SCHW, ZU, GILD, TXN, XLNX,  
Potential Bullish Divergence: AMZN, PCLN,    
Bear Flag: CRM, RAX, SCSS, TLT, ADBE, AKAM, CMCSA, GRMN, NFLX, SBUX, STX,
At Support: GOGO, SCTY, SPY, SWI, UBNT, YELP, YOKU, YY, BRCM, SNDK,

Moves
New Highs: FB, GPRO,
H Breakout: EXPE,
Breakout Test: MBLY
Bounce: V, NTAP,
MACD Divergence Bounce: HPQ, JCP, WDC, WYNN,
Gap Up: EBAY
Support Break: FSLR, IWM, JASO, SPWR, SUNE, TSL, YNDX,


______________________

43 of 100 NDX stocks closed higher on Tuesday and one was unchanged.


Leading NDX 100 stocks included: EBAY, WYNN, WFM, NTAP, EXPE, WDC, CA, VIP, CTSH, LINTA

Lagging NDX stocks included: CHTR, NXPI, VOD, SNDK, LBTYA, XLNX, VRTX, KLAC, ALXN, CTRX

Leading stocks > +2% on Tuesday included: RWLK, GPRO

Lagging stocks < -2.0% included: TSL, CAR, SPWR, SUNE, QIHU, JASO, CSIQ, YY, GOGO, X, KNDI, UPL, ATI, ZU, BBRY FEYE, Z, SCTY SOHU, FSLR, TPX, MBLY, GME

Stocks to Watch on Wednesday
Holding Above 30 DMA= 29
NTAP, COST, CERN, AMGN, MNST, MSFT, ROST, PAYX, AVGO, KLAC, ALTR, BRCM, DTV, VRTX, DLTR, INTU, ADSK, FB, GILD, REGN, SIAL, CELG, BBBY, CSCO, MU, YHOO, CTXS, EXPE, INTC

Moving Above 30 DMA = 1
EBAY                                                  

Moving Below 30 DMA = 8
ALXN, BIDU, MAR, NXPI, SNDK, TXN, VOD, XLNX
                                                                                             
Staying Below 30 DMA
AAPL, GMCR, LBTYA, SBAC, SPLS, ADP, AKAM, BIIB, CHKP, FAST, FISV, GOOG, QCOM, CHTR, CMCSA, FFIV, LLTC, WFM, AMAT, CA, CHRW, ESRX, EXPD, ISRG, LMCA, MXIM, MYL, SYMC, TRIP, VIAB, VRSK, DISH, EQIX, ILMN, MDLZ, NVDA, ORLY, SIRI, CTRX, KRFT, ADBE, AMZN, ATVI, FOXA, LINTA, NFLX, TSLA, VIP, HSIC, SBUX, SRCL, TSCO, DISCA, MAT, ADI, WDC, GRMN, PCLN, PCAR, CTSH, WYNN

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

Stock Futures Head Higher Ahead Of Open...EBAY Rallies Up 7.80%...Dollar Continues To Strengthen Against The EURO...GPRO Still Set On Soar Mode...

BMO – ES + 6.00…and NQ + 21.25…stock futures point to a HIGHER open in pre-market…

SPY is up .48…

XLF is …
Euro is down 88 pips…
TLT is down .31…

                                                                                   
Follow your rules for entry and exit…and always remember to adjust stops to protect profits also according to your rules...

Quoting Up:  REGN, PCLN, EBAY, NFLX, GOOG, BIDU, TSLA, AMZN, GPRO, LNKD, PANW, MBLY


Quoting Down:  VRTX, AVGO, Z, SWI

Monday, September 29, 2014

Stocks Weaken And End Trading Session In the Red...FB Closes At All Time High...Go Go Go GPRO...GPRO Had Another All Time High Adding 10.09% Today...

Only one of nine sectors moved higher on Monday… XLU, XLP and XLI were the strongest sectors…XLB was the weakest sector. 

Breadth weakened…decliners led advancers…1.42 to 1 on the NYSE and 1.26 to 1 on the NASDAQ.

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


SPY down .51 at 197.39 on 95 million shares
VIX up 1.13 at 15.98…
TNX down .44 at 24.91…
TLT up 1.15 at 117.15...
XLF down .08 at 23.21 on 38.2 million shares, above average volume

AAPL down .78 at 99.97 on 49.2 million shares, below average volume
FB up .12 at 78.91…on 33.9 million shares

Technical Commentary:
IWM – 0.18%, QQQ – 0.20%, DIA – 0.26%, SPY – 0.27%.




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 = 200.00, 201.37, 204.32...
QQQ = 99.75, 101.13…
IWM = 115.73, 117.06, 118.76...

Support Levels
SPY = 197.46, 196.24, 195.16...
QQQ = 98.87, 97.82, 96.94…
IWM = 112.89, 111.56, 109.86...


Sep Earnings Reactions
Positive Reactions – BBBY, BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,

More than 10% - NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – AZO, ADBE, KKD, CIEN,

More than -10% -


Reversal in progress –


Reversal of Initial Reaction – KKD,



The SPY Market Forecast green line is at 55.

____________________

Setups
Horizontal Breakout: SWKS, UA, ADBE, EXPE, FB, GILD, MNST, ROST,
Diagonal Breakout: BBRY, MFRM, SUNE, GRMN, SBUX,  
Bull Flag: BAC, RCL, AVGO, TXN, XLNX,  
Potential Bullish Divergence:       
Gap Up:
Gap Down:
Bear Flag: 
At Support: CSIQ, GLW, HPQ, IWM, JASO, JD, P, VRXN, YELP, YNDX, VJET, PCLN, WFM,
C- Pattern

Moves
New Highs: AMBA, GPRO, FB,
H Breakout: AMBA, MBLY, UNG,
D Breakout: MBLY,  
Bull Flag Bounce:
Gap Up:  
Gap Down: SINA, LVS, FFIV, WYNN,     
Bounce: BBY, KKD, PANW, UPL, ADSK, CELG, CMCSA, INTC, MNST, MU,      
MACD Divergence Bounce: CRM, WLT, STX,
C- Pattern:  
Bear Flag:
Support Break: CTRP, FSLR, TSLA,


______________________

61 of 100 NDX stocks closed higher on Monday and one was unchanged.

Leading NDX 100 stocks included: INTC, INTU, MU, CERN, ADSK, ADBE, VOD, EQIX, CELG

Lagging NDX stocks included: VIP, DISCA, WYNN, SPLS, MAT, ATVI, FFIV, CTRX, TRIP, PCLN, NXPI, MYL

Leading stocks > +2% on Monday included: GPRO, AMBA, MBLY, UPL, BBY, SUNE

Lagging stocks < -2.0% included: YNDX, GOGO, TSL, JD, KNDI, SINA, AAL, QIHU, Z, ATI

Stocks to Watch on Tuesday
Holding Above 30 DMA= 32
NTAP, COST, CERN, AMGN, MNST, MSFT, MAR, ROST, PAYX, AVGO, KLAC, ALTR, BRCM, TXN, NXPI, DTV, VRTX, DLTR, INTU, ADSK, FB, GILD, REGN, XLNX, SIAL, CELG, BBBY, ALXN, CSCO, MU, SNDK, YHOO, 

Moving Above 30 DMA = 5
BIDU, CTXS, EXPE, INTC, VOD                                               

Moving Below 30 DMA = 5
AAPL, GMCR, LBTYA, SBAC, SPLS
                                                                                             
Staying Below 30 DMA
ADP, GOOG, INTC, QCOM, AKAM, BIIB, CHKP, FAST, FISV, CMCSA, WFM, AMAT, CHTR, ESRX, EXPD, FFIV, ISRG, LLTC, CA, CHRW, LMCA, MXIM, MYL, NVDA, SYMC, TRIP, VIAB, VRSK, DISH, EQIX, ILMN, MDLZ, ORLY, SIRI, EXPE, CTRX, KRFT, AMZN, NFLX, TSLA, VIP, ADBE, ATVI, FOXA, LINTA, STX, HSIC, EBAY, SBUX, TSCO, SRCL, DISCA, MAT, ADI, WDC, PCLN, GRMN, PCAR, CTSH, WYNN,

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


Stocks Set To Begin Week Lower At The Open...Consumer Spending Bounces Suggesting Economic Growth At Moderate Pace...Dollar Weakens...


BMO – ES – 19.25…and NQ – 44.25…stock futures point to a LOWER open in pre-market…

SPY is down 1.20…

XLF is …down .17…
Euro is up 31 pips…
TLT is up .91…

                                                                                   
Follow your rules for entry and exit…and always remember to adjust stops to protect profits also according to your rules...

Quoting Up:  REGN, BIDU, PCLN, VRTX, SUNE,

Quoting Down:  NFLX, TSLA, CHTR, GOOG, BIIB, VIAB, V, LNKD, FAS, SPY, SSYS



Friday, September 26, 2014

NDX Leads Bounce as FB, NKE, GPRO Hit New All-time Highs...NKE, MU, BBRY Gain After Earnings...

All nine sectors moved higher on Friday… XLE, XLK and XLY were the strongest sectors…XLU was the weakest sector. 

Breadth strengthened…advancers led decliners …2.94 to 1 on the NYSE and 2.15 to 1 on the NASDAQ.

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


SPY up 1.56 at 197.90 on 94.3 million shares
VIX down .79 at 14.85…
TNX up .24 at 25.35…
TLT down .17 at 116.00...
XLF up .22 at 23.29 on 39.8 million shares

AAPL up 2.88 at 100.75 on 61.6 million shares
FB up 1.57 at 78.79…on 27.3 million shares, new all-time closing high

Technical Commentary:
QQQ +1.06%, DIA +0.90%, IWM +0.90%, SPY +0.79%.

Stocks rebounded on Friday after Q2 GDP was revised upward to 4.6%.  NKE +12.23%, MU +6.72% and BBRY +4.69% gained on positive earnings reactions.  NKE, FB and GPRO closed at new all-time highs.  VRTX closed at its highest levels since 2000.

The NDX led the broad indexes with gains in FB, MSFT, AAPL, CSCO, MU, YHOO and GILD.  AAPL reversed most of Thursday’s selloff.  YHOO +4.39% sold off on the BABA IPO last Friday, as many traders shorted YHOO as a hedge against a long position in BABA


BABA +1.73% which found support in 86 – 88 area on Tuesday and Wednesday is scheduled to begin options trading on Monday September 30.

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 = 200.00, 201.37, 204.32...
QQQ = 99.75, 101.13…
IWM = 115.73, 117.06, 118.76...

Support Levels
SPY = 197.46, 196.24, 195.16...
QQQ = 98.87, 97.82, 96.94…
IWM = 112.89, 111.56, 109.86...


Sep Earnings Reactions
Positive Reactions – BBBY, BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,

More than 10% - NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – AZO, ADBE, KKD, CIEN,

More than -10% -


Reversal in progress –


Reversal of Initial Reaction – KKD, 


The SPY Market Forecast green line is at 60.

____________________

Setups
Horizontal Breakout: AMBA, SWKS, TWTR, UA, ZU
Diagonal Breakout: SPY, QQQ, FAS, MBLY, MFRM, PANW, SPLK, SSYS, SWI, TSL, UAL,
Bull Flag:  BBY, C, ETFC, KKD, MS, RCL, SCHW, STI, X, ZION, AVGO, CTXS, GMCR, KLAC, MAR, MAR, NTAP, NXPI, SNDK, TXN, XLNX, ALTR, AMGN, DLTR, INTU
Potential Bullish Divergence: CAR, CRM, HPQ, JCP, JD, KNDI, NTES, SINA, SOHU, VRSN, Z                                                                                            

Moves
New Highs: FB, GPRO, NKE, VRTX
Gap Up:  NKE, MU 

______________________


88 of 100 NDX stocks closed higher on Friday.

Leading NDX 100 stocks included: MU, YHOO, VRTX, AAPL, DISCA, SNDK, DISH, GRMN, SBAC, FOXA, FB

Lagging NDX stocks included: MAT, VIP, SPLS, MDLZ, SYMC, ESRX, PCAR, ADSK, TSLA, CA

Leading stocks > +2% on Friday included: NKE, AMBA, BBRY, AA, UA, LNKD, TSL, KNDI, SPLK, MBLY, FAS, GOGO, AAL

Lagging stocks < -2.0% included: JCP

Stocks to Watch on Monday
Holding Above 30 DMA= 28
NTAP, COST, CERN, AMGN, MSFT, MNST, ROST, MAR, PAYX, AVGO, KLAC, ALTR, BRCM, TXN, NXPI, DTV, VRTX, SPLS, DLTR, INTU, ADSK, FB, GILD, REGN, XLNX, SIAL, CELG, BBBY

Moving Above 30 DMA = 9 
AAPL, ALXN, CSCO, GMCR, LBTYA, MU, SBAC, SNDK, YHOO

Moving Below 30 DMA = 0

                                                                                             
Staying Below 30 DMA
ADP, AKAM, BIDU, BIIB, CHKP, CTXS, FAST, FISV, GOOG, INTC, QCOM, CHTR, CMCSA, FFIV, LLTC, WFM, AMAT, CA, CHRW, ESRX, EXPD, ISRG, LMCA, MXIM, MYL, SYMC, TRIP, VIAB, VRSK, DISH, EQIX, ILMN, MDLZ, NVDA, ORLY, SIRI, CTRX, EXPE, KRFT, ADBE, AMZN, ATVI, FOXA, LINTA, NFLX, STX, TSLA, VIP, HSIC, EBAY, SBUX, SRCL, TSCO, DISCA, MAT, ADI, VOD, WDC, GRMN, PCLN, PCAR, CTSH, WYNN

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