Monday, October 6, 2014

Stocks End Lower After Trading Swings On Monday...Some Stocks Shrug Off The Volatility...GPRO Ends Higher 7.68%...KNDI Up 7.07%...

Three of nine sectors moved higher on Monday… XLE, XLB, and XLK were the strongest sectors while XLY was the weakest. 

Breadth weakened…decliners led advancers…1.01 to 1 on the NYSE and 2.09 to 1 on the NASDAQ.

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


SPY down .58 at 195.94 on 104.7 million shares
VIX up .91 at 15.46…
TNX down .22 at 24.25…
TLT up .07 at 117.77...
XLF down .07 at 23.21 on 33.1 million shares

AAPL down .22 at 99.40 on 36.9 million shares, below average volume
FB up .01 at 77.45…on 25.6 million shares

Technical Commentary:
DIA – 0.09%, SPY – 0.29%, QQQ – 0.33%, IWM – 1.01%.


With long and intermediate term uptrend and bullish candles on both the daily and weekly charts, Chart Signals is looking for the intermediate term up trend to continue next week.


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 = 198.98, 200.65, 201.90...
QQQ = 99.75, 100.56
IWM = 109.8, 111.27, 112.46...

Support Levels
SPY = 194.35, 193.03, 190.28...
QQQ = 96.94, 96.17, 95.06
IWM = 107.43, 106.74...


Earnings this week:  AA, COST

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 26 and lags price bounce.

____________________

Setups
Horizontal Breakout: CRM, GPRO, LNKD, SCHW, SPLK, VRSN, YY, LVS, BIDU, CELG, MNST, SBUX, WYNN,
Diagonal Breakout: AA, C, MFRM, RCL, EXPE,  
Bull Flag:  
Potential Bullish Divergence:  
Gap Up:
Gap Down:
Bear Flag: AAL, CTRP, EMC, NTES, SCTY, UA, V, BX, GLW, QIHU, AMZN,
At Support: C- Pattern

Moves
New Highs:  
H Breakout: LOCO, NFLX,  
D Breakout: HOG,  
Breakout Test:  
Bull Flag Bounce:  
Bounce:  
MACD Divergence Bounce: ANR,
Gap Up: HPQ, TSLA,
Gap Down: MU,
C- Pattern:  
Bear Flag:  
Support Break: UBNT,


______________________

38 out of 100 NDX stocks closed higher on Monday.


Leading NDX 100 stocks included: LINTA, ISRG, TSLA, GRMN, MYL, VOD, REGN, EXPE, YHOO

Lagging NDX stocks included: MU, ATVI, SNDK, VRTX, ALXN, ALTR, PCLN, NXPI, EBAY

Leading stocks  +2% on Monday included: GPRO, LOCO, HPQ, AMBA, AA, SRUN, C, ANR, KNDI, WLT


Lagging stocks  -2.0% included: GOGO, MBLY, JCP, BBY, AAL, Z, CSIQ, PANW, UAL, UBNT, SPWR, DAL, JASO, TSL, UNG, CAR, FSLR, SUNE
Stocks to Watch on Tuesday
Holding Above 30 DMA= 25
COST, MNST, ROST, PAYX, DTV, VRTX, INTU, ADSK, REGN, SIAL, BBBY, CSCO, MU,YHOO, ALXN, CERN, DLTR, FB, ISRG, ADP, CELG, FAST, GMCR, MYL, SBAC

Moving Above 30 DMA = 4
EXPE, LINTA, SRCL, WFM                                                 

Moving Below 30 DMA = 6
AMGN, CHRW, DISH, EBAY, FISV, GILD
                                                                                             
Staying Below 30 DMA
AVGO, ALTR, BRCM, CTXS, INTC, KLAC, MSFT, NTAP,BIDU, MAR, NXPI, SNDK, TXN, VOD, XLNX, AAPL, LBTYA, SPLS, AKAM, BIIB, CHKP, GOOG, QCOM, CHTR, CMCSA, FFIV, LLTC, WFM, AMAT, CA, ESRX, EXPD, LMCA, MXIM, SYMC, TRIP, VIAB, VRSK, EQIX, ILMN, MDLZ, NVDA, ORLY, SIRI, CTRX, KRFT, ADBE, AMZN, ATVI, FOXA, LINTA, NFLX, STX, 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

No comments: