Thursday, September 11, 2014

Stocks End Trading Session Mostly Higher...JDSU Gains 10.33% While GOGO Gains 9.42%...Numerous Stocks Bounce...


Seven of nine sectors moved higher on Thursday…XLU, XLF and XLKF were the strongest sectors…XLV was the weakest sector. 

Breadth strengthened as advancers led decliners 1.30 to 1 on the NYSE and 1.42 to 1 on the NASDAQ.

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


SPY up .23 at 200.30 on 66.7 million shares, below average volume
VIX down .08 at 12.80…
TNX down .03 at 25.31…
TLT down .38 at 114.58...
XLF up .06 at 23.41 on 29.7 million shares

AAPL up .43 at 101.43 on 62 million shares
FB up .49 at 77.92…on 32.1 million shares

Technical Commentary:
IWM + 0.65%, SPY + 0.11%, QQQ – 0.08%, DIA – 0.09%.


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 this Week: KKD, PANW, LULU, VRA

Q2 Earnings Reactions
Positive Reactions – PANW, 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% - PANW, MFRM, SPLK, TWTR, CMG, BIDU, BIIB, ISRG, LNKD, OSTK, SWI, SFUN, SSYS, SUNE, UA, VRSN, X

Negative Reactions – KKD, 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 88.

____________________


Setups
Horizontal Breakout: BBY, EMC, ETFC, FEYE, JCP, SPLK, SWI,  
Diagonal Breakout: IBM, SCTY, DDD, VJET, ZION,
Bull Flag: AA, CSIQ, CTRP, GLW, HPQ, JASO, MFRM, NKE, RAX, TPX, TSL, UA, YY,
Potential Bullish Divergence: 
Gap Up:
Gap Down:
Bear Flag: 
At Support:  
C- Pattern

Moves
New Highs: CRM, PANW, RCL,  
H Breakout: BAC, GOGO, KKD, RCL, SINA, UBNT,
D Breakout: XONE,  
Bull Flag Bounce:  
Gap Up: GOGO, JDSU,
Gap Down:
Bounce: SPY, ATI, BBRY, C, FAS, FSLR, GME, IWM, JCP, JD, MS, NTES, P, SOHU, X, YOKU, CREE, GTAT, HOG, MTW,  
MACD Divergence Bounce:
C- Pattern:  
Bear Flag:
Support Break: SFUN,      


______________________

50 of 100 NDX stocks closed higher on Thursday and two were unchanged.


Leading NDX 100 stocks included: LBTYA, AMAT, WYNN, ADSK, EXPD, NXPI, CSCO, MAR

Lagging NDX stocks included: VIP, CELG, GILD, BIIB, DISCA, SBUX, REGN, NVDA, PCLN, SNDK

Leading stocks > +2% on Thursday included: JDSU, GOGO, BBRY, UBNT, X, SINA, KKD, FEYE, JCP, P, JD, SOHU

Lagging stocks < -2.0% included: SFUN, KNDI, MBLY, UPL


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