Wednesday, October 29, 2014

Stocks Weaken...End Lower...SWI Soars Closes The Day Up 10.97%...AAPL, COST, MAR...All Notch New Record Highs...

Four out of nine sectors moved higher on Wednesday…XLF, XLE and XLV were the strongest sectors while XLI was the weakest. 

Breadth weakened… decliners led advancers…1.32 to 1 on the NYSE and 1.22 to 1 on the NASDAQ.

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


SPY down .56 at 197.85 on 141.8 million shares
VIX up .76 at 15.15…
TNX up .39 at 23.23…
TLT down .27 at 119.46...
XLF up .05 at 23.43 on 45 million shares

AAPL up .47 at 107.21 on 52.5 million shares
FB down 5.12 at 75.65…on 105.6 million shares, above average volume

Technical Commentary:
SPY – 0.30 %, IWM – 0.46%, QQQ – 0.62%, DIA unchanged.


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 74.

___________________

Setups
Horizontal Breakout: AMBA, C, GOGO, HOG, JDSU, MBLY, MFRM, RCL, V, XONE, JASO, UBNT, VJET, ADBE, BIDU, CMCSA, GMCR, MNST, MYL, QCOM, TXN, XLNX,
Diagonal Breakout: LOCO, SCHW, SCTY, SPWR, SUNE, UPL, GOOGL, INTC, MSFT,
Bull Flag:  SSYS,
Potential Bullish Divergence:  
Gap Up:
Gap Down:
Bear Flag:  
At Support: ZU,  
C- Pattern

Moves
New Highs: AAPL, COST, MAR,
H Breakout: ETFC, SWKS,
D Breakout: WDC,  
Breakout Test:  
Bull Flag Bounce:  
Bounce: JCP, UNG, DTV,
MACD Divergence Bounce:  
Gap Up: SWI, X,
Gap Down: FB, GRMN,  
C- Pattern:  
Bear Flag:  
Support Break:  


______________________

36 out of 100 NDX stocks closed higher on Wednesday and two were unchanged.

Leading NDX 100 stocks included: WDC, MAR, STX, MNST, AMAT, AMGN, LLTC

Lagging NDX stocks included: FB, GRMN, AKAM, VRTX, FFIV, REGN, VRSK, GILD, CHTR, BIDU, NFLX

Leading stocks > +2% on Wednesday: SWI, X, V, SWKS, JDSU, AMBA

Lagging stocks < -3.0% included: Z, ATI, TWTR, ZU, SPLK, YELP, SFUN YY, FEYE

Stocks to Watch on Thursday
Holding Above 30 DMA= 75
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, AVGO, DISCA, FFIV, INTC, MXIM, NTAP, NXPI, VOD, WDC


Moving Above 30 DMA = 1
ADI

Moving Below 30 DMA = 2
CTRX, TRIP
                                                                                             
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

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


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