Four of nine sectors
moved higher on Tuesday…XLE, XLU and XLB were the strongest sectors and XLV was the weakest.
Breadth strengthened as advancers led
decliners…1.51 to 1 on
the NYSE and
2.17 to 1 on
the NASDAQ.
Tuesday – strengthened, advancers led
Monday – weakened,
decliners led
Friday – strengthened,
advancers led
Thursday – weakened,
decliners led
Wednesday – weakened
slightly, advancers led
SPY down .23 at 206.38 on 125 million shares
VIX up .68 at 14.89…
TNX down .37 at 22.20…
TLT up .63 at 123.20...
XLF down .06 at 24.88 on 45 million shares
AAPL up 1.73 at 114.13 on 60.1 million shares
FB up .31 at 76.83…on 25.3 million shares
Technical Commentary:
IWM +
1.68%, QQQ + 0.27%, SPY – 0.11%, DIA – 0.39%.
Futures moved lower
overnight after China tightened lending rules and Greece’s election
announcement. After making lows during
the first 10 minutes of trading small cap IWM
reversed direction and rose over $3 to close at 118.17.
Semiconductors $SOX rallied over 11 points from morning lows led by reversal gains in
SUNE, AVGO, ATML, TER, FSL, NXPI, CREE,
XLNX, QCOM and SWKS.
Reversals and gains also
occurred in NDX stocks AAPL, AMZN, NFLX, GOOG, YHOO and WDC.
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 = 207.33, 209.06, 210.49...
QQQ = 106.94…
IWM = 118.25, 119.37,
121.27…
Support Levels
SPY = 205.71, 203.13, 201.90...
QQQ = 104.42, 102.42, 101.38…
IWM = 115.04, 114.37,
113.35...
Earnings this week: COST, ADBE,
Q3 Earnings Reaction
Positive Reactions – AVGO,
ADI, HPQ, PANW, QIHU, ADSK, JASO, ROST, SPLK, GOGO, RAX, NTES,
XONE, YOKU, VJET, BABA, MNST, WFM, ABC, ACI, AMGN, BIDU, BWLD,
CBOE, CLF, CLX, CNX, EA, ESRX, EQIX, EXPE, FISV, GLW, GPRO, GRPN, GT, HSY, JCI,
JDSU, LNKD, LVLT, MA, MAR, MO, MTW, MYL, PCAR, FE, SCHN, STX, SWI, SWKS, TASR,
V, WY, X, 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% - GOGO, RAX, WFM, GPRO,
GPRN, LNKD, BWLD, SWI, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,
Negative Reactions –
AMBA, MFRM, GME, CRM, JD, MBLY, SINA, YY, SWKS, FEYE, FSLR,
PCLN, QCOM, TRIP, SCTY, SSYS, SUNE, UBNT, Z, ZU, AEM, CHRW, COH, FB, GRMN,
KRFT, MDC, MRK, NEM, PNRA, RGR, SLCA, TPX, TWTR, 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% - GME, CSIQ, FSLR,
UBNT, ZU, AEM, P, TPX,
Reversal in progress – GOGO, P, PCLN, TPX, KO,
Reversal of Initial
Reaction – AMZN, FEYE, SWKS, Z, ADBE, ALTR, ALTR, AXP, AZO, BA, BAC, BTU, CHRW, CMG,
COF, COH, CREE, DECK, DNKN, DOW, EAT, EBAY, F, GM, GOOGL, GRMN, INTC, JNJ,
JNPR, JPM, KEY, KKD, KO, KRFT, LMT, LUV, MAT, MDC, MRK, NDAQ, PNRA, UA, VMW,
WFC, XRX,
The SPY Market Forecast is at 93.
___________________
Setups
Horizontal Breakout: EBAY,
Diagonal Breakout: FB,
Bull Flag: SPY, BAC, CAR, DGLY,
ETFC, HPQ, NKE, UAL, INTC, ROST, STX, TXN,
At Support: GPRO, MU,
Moves
New Highs: ESRX, WDC,
H Breakout: JD, JDSU,
Bounce: ATI, BABA, GLW,
IWM, JCP, MFRM, P, QIHU, SOHU, TWTR, UBNT, X, YELP, ANGI, SINA, WLT, YNDX, YY,
ZNGA, AAPL, AMZN, BIDU, GOOGL,
Gap Up: GLD,
Gap Down: AA, AAL, DAL, TBT, MYL,
______________________
46 of 100 NDX stocks closed higher on Tuesday.
Leading NDX 100 stocks included: ORLY, AMZN, WDC, AVGO, YHOO, AAPL, NFLX, PCAR,
GOOG, COST, TSLA
Lagging NDX stocks included: BRCM, VIP, VOD, MU, EXPD, SNDK, AMGN, ILMN,
ADBE, DTV, CHRW, MYL
Leading stocks > +2% on Tuesday:
JD, JDSU, UBNT, QIHU, GOGO, X, SOHU, AMBA, CMGE, JCP, RAX
Lagging stocks < -2.0% included:
AAL, KKD, SFUN, UAL
Stocks to Watch on Wednesday
Holding Above 30 DMA= 77
ROST, CHRW, MYL, SRCL,
DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN,
COST, ORLY, TSCO, VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, HSIC, KRFT,
MAR, PCAR, SPLS, SYMC, TXN, BRCM, YHOO, CA, CERN, CHKP, CTSH, EXPD, INTU,
LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK,
KLAC, MDLZ, MSFT, AMAT, MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC, AKAM,
CTRX, DISH, EQIX, ADI, ALTR, CSCO, EBAY, EXPE, FAST, INTC, LLTC, MXIM, SNDK,
FOXA, SIAL, CMCSA, CHTR, VIAB, ATVI, CTXS, DISCA, BIIB, QCOM, ILMN, TRIP, FB, VRSK,
GILD
Moving Above 30 DMA = 2
DISCA, QCOM
Moving Below 30 DMA = 2
ILMN, MAT
Staying Below 30 DMA
CTXS, MSFT, PAYX, SBAC, TRIP, AMZN, LMCA, LMCK, SIRI, GRMN, DTV, PCLN, BIDU,
GOOG, TSLA, VIP, GMCR, WYNN, NFLX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral
1 comment:
thank you. This blog is SO helpful. I myself have been wanting to get into apple for a few months. I followed my discipline and continued to wait and was able to get in close to the reversal. I always do my own analysis first and then check it with your blog. After years of doing this it's still always energizing if/when I come up with the same stocks for set ups as you have.
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