Wednesday, September 17, 2014

Stocks Up Across The Board...DJIA Has Record High... Fed Indicates Interest Rates To Stay Low For "Now"...X Surges Up 10.14%...RAX Plunges Down 17.67%...

Five of nine sectors moved higher on Wednesday…XLB, XLF and XLI were the strongest sectors…XLE was the weakest sector. 

Breadth strengthened…advancers led decliners…1.78 to 1 on the NYSE and 1.14 to 1 on the NASDAQ.

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


SPY up .27 at 200.75 on 151.1million shares, above average volume
VIX down .08 at 12.65…
TNX up .11 at 26.00…
TLT down .29 at 112.80...
XLF up .10 at 23.58 on 44.5 million shares, above average volume

AAPL up .72 at 101.58 on 60.8 million shares
FB up .35 at 76.43…on 28.6 million shares

Technical Commentary:
DIA + 0.12%, SPY + 0.13%, QQQ + 0.15%, IWM + 0.26%.



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: ADBE,

Q2 Earnings Reactions
Positive Reactions – LULU, PANW, ULTA, 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% - ULTA, LULU, 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 – KKD, 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 84.

____________________


Setups
Horizontal Breakout: SPY, AIG, C, NTES, SWI, V, ZION, UNG, ADSK, AVGO, DTV, FFIV, GMCR, INTC, MNST, SNDK, TXN,
Diagonal Breakout: BX, FEYE, GME, IBM, KNDI, NKE, P, SUNE, SWKS, ZU, CREE, CELG, ESRX, GILD, GOOG, MYL, QCOM,
Bull Flag: BBRY, SPLK, UAL, CTXS, MSFT, YHOO
Potential Bullish Divergence: 
Gap Up:
Gap Down:
Bear Flag: 
At Support: VJET, ` 
C- Pattern:                                                                          

Moves
New Highs: MS, RCL, SCHW, MAR,    
H Breakout: FAS, XLNX,   
D Breakout: ATI, GLW, UA, BIDU, BRCM,
Bull Flag Bounce
Gap Up: FSLR, SPWR, TSL, X, WFM,
Gap Down: RAX,   
Bounce: AA, CAR, CSIQ, GOGO, GPRO, HPQ, JASO, JD, PANW, AAPL,  
MACD Divergence Bounce: QIHU, LVS,   
C- Pattern:  
Bear Flag:
Support Break: ANGI, HOG, ADBE, WYNN,  


______________________

65 of 100 NDX stocks closed higher on Wednesday and one was unchanged.


Leading NDX 100 stocks included: WFM, ILMN WYNN, DISH, MU, KLAC, BIDU, XLNX, PAYX, CHKP

Lagging NDX stocks included: ADBE, ATVI, CTRX, KRFT, BBBY, GRMN, ALXN, AMZN

Leading stocks > +2% on Wednesday included: X, CSIQ, TSL, FEYE, JASO, SSYS, GPRO, GOGO, SCHW, CAR, ETFC, SPWR

Lagging stocks < -2.0% included: RAX, SFUN, YNDX, YY

Stocks to Watch on Thursday
Holding Above 30 DMA= 62
INTC, SYMC, SBAC, NTAP, COST, BBBY, CERN, AMGN, CTXS, FFIV, ISRG, YHOO, MSFT, ADP, CTRX, MNST, ROST, CHKP, MAR, PAYX, FISV, SIRI, VRSK, AKAM, AVGO, DISH, KLAC, LMCA, ALTR, AMAT, BRCM, TXN, FAST, NXPI, SNDK, GMCR, CMCSA, DTV, KRFT, VTX, SPLS, CHTR, DLTR, EXPD, QCOM, INTU, AAPL, CSCO, LBTYA, ADSK, CA, CELG, ESRX, FB, GILD, GOOG, ILMN, MXIM, MYL, ORLY, REGN, XLNX

Moving Above 30 DMA = 6  
BIDU, CHRW, LLTC, MU, SIAL, WFM                                  

Moving Below 30 DMA = 4
CTRX, EXPE, KRFT, NVDA

                                                                                             
Staying Below 30 DMA
ADBE, AMZN, ATVI, EQIX, FOXA, LINTA, NFLX, STX, TRIP, TSLA, VIP, ALXN,HSIC, EBAY, SBUX, SRCL, TSCO, DISCA, MAT, ADI, VOD, BIIB,WDC, GRMN,PCLN,PCAR,CTSH, WYNN, MDLZ, VIAB

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



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