Tuesday, October 28, 2014

IWM Leads as IWM, QQQ, SPY Breakout...BWLD, WHR, AMGN Soar...X Gaps Up While FB, GILD Lower in After-hours...

All nine sectors moved higher on Tuesday…XLE, XLI and XLK were the strongest sectors while XLP was the weakest. 

Breadth strengthened… advancers led decliners…5.17 to 1 on the NYSE and 4.12 to 1 on the NASDAQ.

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

SPY up 2.25 at 198.41 on 95.4 million shares
VIX down 1.65 at 14.39…
TNX up .27 at 22.84…
TLT down .75 at 119.19...
XLF up .25 at 23.38 on 21.9, below average volume

AAPL up 1.63 at 106.74 on 44.3 million shares
FB up .49 at 80.77…on 50.2 million shares

Technical Commentary:
IWM +2.85%, QQQ +1.51%, SPY +1.15%, DIA +1.06%.

Stock indexes continue to rise on earnings and big money buying.  Today BWLD spiced it up as AMGN and MTW gained following earnings.  TWTR was smashed.  After the close X, MAR and SWI rose while FB, GILD and KLAC slid lower after reporting earnings.

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 Chart Targets:
SPY = 197.62, 199.69, 201.90...
QQQ = 99.30, 100.56
IWM = 114.51, 115.73, 117.48…

Support Levels
SPY = 196.49, 194.69...
QQQ = 99.08, 98.02
IWM = 111.30, 109.77...

Earnings this week
Monday: AMGN, BWLD, CLF, MTW, MRK, STX, TMUS, TWTR,
Tuesday: AET, AGN, ACI, CHRW, COH, CNX, GLW, EA, ESRX, FB, FISV, GILD, HCA, MAR, PCAR, PNRA, PFE, SCHN, SIRI, SWI, X, WDC, WHR,
Wednesday: AEM, BIDU, CAR, LNG, EQIX, FFIV, GRMN, GT, HSY, JDSU, KRFT, LVLT, RGR, SLCA, V, WLT,
Thursday: ANR, MO, ABC, COP, EXPE, GPRO, GRPN, JCI, K, LNKD, MDC, MA, MGM, MOS, MYL, NEM, SWKS, SBUX, TASR, TPX, TEVA, UPL, WWE,
Friday: CBOE, CLX, WY

Q3 Earnings Reactions
Positive Reactions – AMGN, BWLD, CLF, MTW, STX, WHR,  AAPL, ALK, ALXN, APOL, BMY, BRCM, CAT, CELG, CERN, CHKP, CMCSA, CNI, EMC, EW, GD, HAL, HAS, HOG, ILMN, IM, KLAC, KMB, LLY, LRCX, LXK, MMM, MXIM, MSFT, N, ORLY, PG, RMD, STLD, STT, SWK, TRV, TSCO, TXN, UNP, VRSN, WOOF, YHOO, YNDX, ZION, AMD, C, CSX, DAL, GE, HON, LVS, MS, SCHW, SLB, STI, URI, XLNX, COST, BBBY, BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,

More than 10% - BWLD, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – TWTR, MRK, ALTR, AMZN, BA, BTU, CMG, CREE, DECK, DNKN, DOW, EAT, F, GM, IBM, JNPR, KO, LMT, LUV, NDAQ, P, UA, VMW, XRX, YELP, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,

More than -10% - P,

Reversal in progress – AZO,

Reversal of Initial Reaction – AXP, KKD, BBRY, MU,


The SPY Market Forecast is at 69.

___________________

Setups
Horizontal Breakout: SPY, AAL, C, CIEN, GOGO, LNKD, MBLY, MS, SUNE, TPX, XONE, YNDX, CMCSA, TRIP,
Diagonal Breakout: BBRY, JDSU, SPWR, INTC, SNDK, WDC,
Bull Flag: BBY, BX, CMGE, CTRP, NTES, SSYS, MNST, ROST,
Gap Up: MAR, SWI, X
Gap Down: FB, GILD, KLAC, WDC, ALXN, PNRA, FISV 

Moves
New Highs: BABA, NKE, SCSS, SPLK, AAPL, CELG, COST, FB, GMCR, YHOO,
H Breakout: AA, AIG, BAC, CAR, CRM, FAS, HOG, KKD, RCL, SCHW, STI, UAL, GLW, AVGO, BIDU, GOOGL, PCLN, SBUX, TSLA,
D Breakout: IWM, CIEN, CSIQ, ETFC, LNKD, MS, QIHU, SCTY, AKAM, FFIV, NTAP,  
Bull Flag Bounce: AMBA, MFRM, PANW, V, YNDX, YOKU, BRCM, GMCR, MSFT,
Bounce: GPRO, LOCO, TSL,
MACD Divergence Bounce: JD, JDSU,
Gap Up: AMGN, BWLD, MTW,
Gap Down: TWTR, LVS,
Support Break: GPRO,

______________________

93 out of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: TSLA, VIP, AMGN, BIDU, AKAM, AVGO, VOD, CTSH, FFIV, ISRG

Lagging NDX stocks included: REGN, BIIB, ILMN, MNST, ROST, SIRI, SPLS

Leading stocks > +2% on Tuesday: QIHU, FEYE, GPRO, SPLK, LOCO, ATI,XONE, X, TSL, YNDX, CRM, CSIQ, AMBA, YOKU, CAR, SCTY, YELP, RCL, ANGI, CIEN, FAS, KKD, IWM, LNKD, BBRY, SCHW, MFRM, GOGO, RAX, JD, JDSU, AIG

Lagging stocks < -3.0% included: TWTR, LVS

Stocks to Watch on Wednesday
Holding Above 30 DMA= 66
SIAL, GMCR, ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, FB, ORLY, TSCO, VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT, MAR, PCAR, QCOM, SPLS, SYMC, TXN, WYNN, BRCM, YHOO, CA, CERN, CHKP, CHTR, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK, CMCSA, KLAC, LMCA, MDLZ, MSFT, PCLN, VRSK, AMAT, FOXA, LMCK, MU, WFM

Moving Above 30 DMA = 11
AVGO, CTRX, DISCA, FFIV, INTC, MXIM, NTAP, NXPI, TRIP, VOD, WDC

Moving Below 30 DMA = 0
                                                                                             
Staying Below 30 DMA
BIIB, DTV, EBAY, FAST, NFLX, CSCO, EXPE, DISH, ALTR, CTXS, SNDK, AKAM, GOOG, LLTC, VIAB, EQIX, SIRI, AMZN, ATVI, TSLA, VIP, MAT, ADI

6-month Intermediate Term Market Trend: Up/Neutral
3-day Short Term Market Trend: Up

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