Friday, September 5, 2014

SPY, DIA New High Close...FB, GPRO Another All-time High...

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

Breadth strengthened as advancers led decliners led 1.68 to 1 on the NYSE and 1.20 to 1 on the NASDAQ.

Friday – strengthened, advancers led
Thursday – weakened, decliners led
Wednesday – weakened, decliners led
Tuesdayweakened, decliners led
Monday – holiday


SPY up .90 at 201.11 on 102.2 million shares, above average volume
VIX down .55 at 12.09…
TNX up .13 at 24.61…
TLT down .22 at 115.73...
XLF up .03 at 23.46 on 24.4 million shares

AAPL up .85 at 98.97 on 58.4 million shares, above average volume
FB up 1.31 at 77.26…on 29.4 million shares, a new all-time high close

Technical Commentary:
QQQ +0.50%, SPY +0.45%, DIA +0.35%, IWM +0.32%.

SPY and DIA close at a new all-time high.  QQQ rallies to second high close this year.  

Stocks started flat following a weaker than expected Jobs Report but finished at new highs.




Traders continue to follow your entry rules.

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 = 197.59, 196.24, 195.16...
QQQ = 99.08, 97.99, 97.51…
IWM = 115.51, 114.31, 113.49...

Earnings Next Week:


Q2 Earnings Reactions
Positive Reactions – MFRM, SPLK, AVGO, CRM, GPS, TFM, FL, AMAT, CSIQ, GME, HPQ, PCLN, NTES, ROST, SINA, NVDA, MNST, ANR, FSLR, GTAT, LNKD, SFUN, SSYS, SUNE, UBNT, YOKU, 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% - MFRM, SPLK, TWTR, CMG, BIDU, BIIB, ISRG, LNKD, OSTK, SWI, SFUN, SSYS, SUNE, UA, VRSN, X

Negative Reactions – CIEN, BBY, QIHU, TSL,  ADSK, CREE, GOGO, JASO, JDSU, JWN, M, RAX, YOKU, SCTY, YELP, CTSH, MYL, AEM, AET, AKAM,  BWLD, BZH, CL, CMI, COP, DDD, ESI, GLW, GRMN, HLF, JEC, KRFT, LNG, MTW, RYL, SLCA, UPL, 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 – AET, AKAM, ALXN, AMZN, ATI, EA, GIS, GRMN, ILMN, KO, KRFT, LNG, P, RYL, STX, TPX, VRTX,

Reversal of Initial Reaction – BBY, TSL, BBBY, BZH, BBBY, CELG, DNKN, ETFC, KLAC, NFLX, RAX, SLCA, UPL, YELP, YHOO, APOL, KBH, MON,


The SPY Market Forecast green line is at 94.

____________________

Setups
Horizontal Breakout: BBY, CTRP, JASO, JCP, NTES, SCTY, SFUN, SPWR, SSYS, STI, UBNT,
Diagonal Breakout: BAC, CAR, CRM, EMC, GOGO, GTAT, IBM, SCHW, SCSS, V, Z
Bull Flag: IWM, AIG, ATI, BBRY, C, DAL, ETFC, FAS, FEYE, FSLR, HPQ, MS, SUNE, SWKS, UPL, YELP,
Potential Bullish Divergence: 
Gap Up:
Gap Down:
Bear Flag:   
At Support: KNDI,
C- Pattern

Moves
New Highs: GPRO, SPY, DIA, CTRP, LNKD, MFRM, NKE, RAX, RCL, SWI, TSL, UA, UAL, X,
H Breakout: AA, GME, NKE, SWI, TPX,
D Breakout:
Bull Flag Bounce: SPLK,
Gap Up:
Gap Down:
Bounce:  GPRO, KKD,
MACD Divergence Bounce: JDSU,

______________________

88 of 100 NDX stocks closed higher and one was unchanged on Friday.


Leading NDX 100 stocks included: ESRX, SNDK, MU, AVGO, AKAM, FB, GRMN, CMCSA, COST, BRCM

Lagging NDX stocks included: TSLA, PCLN, GILD, EBAY, XLNX, CELG, GMCR, EXPE, ROST, TRIP

Leading stocks > +2% on Friday included: GPRO, LOCO, SPLK, NKE, SWKS, JDSU, UPL, TSL, CSIQ, PANW

Lagging stocks < -2.0% included: JD

Stocks to Watch on Monday
Holding Above 30 DMA= 80
INTC, SYMC, GILD, SBAC, NTAP, COST, FB, BBBY, CERN, EXPE, REGN, AMGN, CTXS, FFIV, ISRG, YHOO, ESRX, TSLA, FOXA, MSFT, NFLX, ADP, CTRX, DISCA, MNST, NVDA, ROST, WFM, ATVI, CHKP, MAR, PAYX, EQIX, ALXN, CELG, FISV, SIAL, SIRI, VRSK, AKAM, AVGO, DISH, HSIC, KLAC, LMCA, ORLY, STX, VIP, ALTR, AMAT, BRCM, TXN, ADBE, ILMN, LINTA, TSCO, FAST, NXPI, SNDK, GMCR, AMZN, CMCSA, DTV, KRFT, VRTX, MXIM, SPLS, LLTC, XLNX, BIDU, CA, CHTR, DLTR, GOOG, CHRW, EXPD, MAT, MU, QCOM, TRIP

Moving Above 30 DMA = 3
AAPL, INTU, SBUX                                                     

Moving Below 30 DMA = 3
ADI, EBAY, VOD                                                                                             

Staying Below 30 DMA
ADSK, BIIB, WDC, LBTYA, MYL, SRCL, GRMN, PCLN, PCAR, CTSH, WYNN, CSCO, MDLZ, VIAB

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

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