Friday, January 30, 2015

SPX Ends Near Short-term Support after Volatile Trading Session...Energy Gains...

Eight of nine sectors moved lower on Friday…XLE, XLB and XLY were the strongest sectors and XLU was the weakest.
 
Breadth weakened as advancers led decliners 2.11 to 1 on the NYSE and 2.03 to 1 on the NASDAQ.

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


SPY down 2.54 at 199.45 on 197.7 million shares, above average volume
VIX up 2.21 at 20.97…
TNX down .76 at 16.75…
TLT up 2.41 at 138.28...
XLF down .38 at 23.01 on 52.4 million shares

AAPL down 1.74 at 117.16 on 83.7 million shares
FB down 2.09 at 75.91…on 42.6 million shares

Technical Commentary:
QQQ -0.78%, SPY -1.26%, DIA -1.41%, IWM -2.20%.

Sellers and buyers battled it out on Friday in a volatile trading session the sent the SPX to its lowest close in two weeks.  The SPX closed near its 1,288 short-term support.

The VIX 20.97 ended January with its highest monthly close since May of 2012 when it closed at 24.06.

Positive earnings reactions from AMZN +13.71% and BIIB +10.17% led the SPX. Oil and gas stocks NBR, CAM, NFX, MRO, HP, RIG, QEP, PXD, MPC and MUR were SPX leaders gaining between 2% - 8%.


The SPX is at its January support level and has a new MACD histogram bullish divergence.  The divergence suggests that the short-term downtrend is getting weaker.  A bounce or continuation of the sideways trend is more probable than a break of support, however traders should be prepared for a potential break of supportThe next support level below 1,988 is the December support of 1,972.

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 = 202.15, 203.83, 205.06...
QQQ = 102.01, 103.17, 104.58
IWM = 117.84, 119.19, 119.45…

Support Levels
SPY = 200.20, 198.55, 196.77...
QQQ = 100.48, 99.36, 97.94
IWM = 116.57, 115.32, 114.20...

Earnings this week:
Monday: 
Tuesday:  ADI, CHRW, FISV, GILD
Wednesday: ADP, CTSH, FOXA, GMCR, NXPI, ORLY, SRCL, ATML,
Thursday:  ATVI, CTXS, SIAL, SIRI, SYMC, VOD
Friday: 

Q4 Earnings Reaction
Positive Reactions – AMZN, AAPL, ALXN, BRCM, BX, CAVM, CELG, EA, FB, FSL, GLW, HOG, JNPR, TSCO, TSS, TUP, VIAB, WDC, X, NFLX, ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON, KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL, UNH, UNP, SNX, LLTC, TSM

More than 10% - AMZN, BIIB, NFLX, FSL, EA, TUP, X

Negative Reactions – QCOM, JDSU, RCL, BABA, PCAR, YHOO, MSFT, STX, VRTX, AAL, ZION, AXP, ALTR, FFIV, IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, KBH, WFC,

More than -10% - QCOM, FFIV, KBH,

Reversal in progress – BAC, C, IBM, JNJ, JPM, 


Reversal of Initial Reaction – WFC


The SPX Market Forecast is pointed down at 40.

___________________

Setups
Horizontal Breakout:  VXX, X, BRCM, COST, PANW, SSYS, SWI,
Diagonal Breakout:  AMBA, JCP, STI,
Bull Flag: GLW, CREE, CTRP, DAL, ETFC, GME, JD, JNPR, KKD, LOCO, NTES, SCSS, UAL, MNST, CELG, VOD, NFLX, ILMN, SBAC, DLTR
Potential Bullish Divergence:  SPY, AIG, BAC, C, CAR, FAS, LC, MS, NKE, RAX, SCHW, MU, ALTR, AMGN, ADI, AKAM

Moves
New Highs: BX
Bull Flag Bounce:  GLD, GDX, JNUG
Gap Up:  V, AMZN, BIIB, GOOG
Support Break: HPQ
______________________


14 out of 100 NDX stocks closed higher and two were unchanged on Friday.


Leading NDX 100 stocks included: AMZN, BIIB, VIP, GOOG, BRCM, COST, DLTR, ATVI, LBTYA, GILD

Lagging NDX stocks included: PCAR, AAL, VIAB, LRCX, DISH, GMCR, STX, MSFT, WDC, VRTX

Leading stocks > +2% on Friday: X, UPL, FEYE, JASO, CSIQ, V, TWTR, GLD, TSL

Lagging stocks < -2.0% included: JDSU, DAL, UAL, MFRM, SFUN, CIEN HOG, HPQ, FAS, SPLK, LC, KKD, VSLR, CRM, GME, MTW, NKE, JCP, ETFC, BBY, AMBA, SUNE, SCSS, RCL, PANW, IWM, GPRO, AA


Stocks to Watch on Monday
Holding Above 30 DMA = 28
WFM, SIAL, KRFT, MNST, AVGO, CTSH, FISV, SIRI, NXPI, CELG, ATVI, BIIB, CERN, GILD, VOD, NFLX, EA, ILMN, SBUX, SBAC, LVNTA, AMZN, DLTR, VRSK, TSCO, AAPL, ALXN, REGN

Moving Above 30 DMA = 3
BRCM, COST, GOOG

Moving Below 30 DMA = 13
AAL, BBBY, CTRX, DISH, EXPD, FB, HSIC, LRCX, ORLY, ROST, SRCL, TXN, WYNN                     

Staying Below 30 DMA
VRTX, ADP, BIDU, CHKP, CHRW, GOOG, GRMN, LLTC, MYL, PAYX, SYMC, LMCA, MAR, ADBE, CA, CMCSA, COST, CSCO, DTV, EBAY, ESRX, MSFT, NVDA, YHOO, EQIX, AMAT, FAST, INTC, ISRG, KLAC, MDLZ, GMCR, BRCM, VIP, SPLS, WDC, QCOM, STX, TRIP, AKAM, PCAR, PCLN, VIAB, ADI, DISCA, LBTYA, FOXA, CHTR, ADSK, MAT, MU, ALTR, CTXS, INTU, NTAP, SNDK, AMGN, XLNX, TSLA

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

Stock Futures See Red Before The Open As 4Q Economic Growth Slows...GDP Falls To 2.6% Although Consumer Spending Rises To 4.3%...Strongest since 2006...Bonds Rise On News...

BMO – ES – 21.25…and NQ – 23.00…stock futures point to a LOWER open in pre-market…

SPY is down 1.47…

XLF is
Euro is unchanged…
TLT is up 1.53…


Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…

Thursday, January 29, 2015

Stocks End With Solid Gains...AMZN Earnings Report Wows...AMZN Up In After Hours Trading 12.30%...QCOM & BABA Slide...

All nine sectors moved higher on Thursday…XLY, XLU and XLB were the strongest sectors and XLE was the weakest.
 
Breadth strengthened as advancers led decliners 2.09 to 1 on the NYSE and 2.04 to 1 on the NASDAQ.

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


SPY up 1.85 at 201.99 on 173.4 million shares, above average volume
VIX down 1.68 at 18.76…
TNX up .27 at 17.51…
TLT down .90 at 135.87...
XLF up .19 at 23.39 on 40.9 million shares

AAPL up 3.59 at 118.90 on 84.4 million shares
FB up 1.76 at 78.00…on 61.2 million shares

Technical Commentary:
SPY + 0.92%, QQQ + 0.96%, DIA + 1.27%, IWM + 1.38%.


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 = 202.15, 203.83, 205.06...
QQQ = 102.01, 103.17, 104.58
IWM = 117.84, 119.19, 119.45…

Support Levels
SPY = 200.20, 198.55, 196.77...
QQQ = 100.48, 99.36, 97.94
IWM = 116.57, 115.32, 114.20...


Earnings this week:
Monday:  MSFT, STX, TXN, ZION
Tuesday:  AAL, AAPL, AMGN, EA, ILMN, WDC, YHOO, FSL, GLW, JNPR, TSS, X,
Wednesday: FB, LRCX, QCOM, TSCO, TUP, VRTX, CAVM
Thursday:  ALXN, AMZN, BIIB, BRCM, CELG, CHKP, MAT, VIAB, WYNN, MCHP, BABA, BX, HOG, JDSU, RCL, SWI,
Friday:  PCAR

Q4 Earnings Reaction
Positive Reactions – AAPL, EA, FSL, GLW, JNPR, TSS, TUP, WDC, X, NFLX, ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON, KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL, UNH, UNP, SNX, LLTC, TSM

More than 10% - NFLX, FSL, EA, TUP, X

Negative Reactions – QCOM, YHOO, MSFT, STX, AAL, ZION, AXP, ALTR, FFIV, IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, KBH, WFC,

More than -10% - FFIV, KBH,

Reversal in progress – BAC, C, IBM, JNJ, JPM, 

Reversal of Initial Reaction – WFC


The SPX Market Forecast is pointed down at 49.

___________________

Setups
Horizontal Breakout:  
Diagonal Breakout: AA, BAC, EXPE, TSL, YOKU, KNDI, AMZN, FB, TSLA,
Bull Flag: CREE, CTRP,  
Potential Bullish Divergence: 
Gap Up:                
Gap Down:
Bear Flag:  
At Support: YNDX,  
C- Pattern:   

Moves
New Highs: PANW, SWKS, EA, SBUX,   
H Breakout:  
D Breakout:      
Breakout Test:  
Bull Flag Bounce:   
Bounce: SPY, C, DAL, ETFC, FAS, IBM, LNKD, LOCO, NKE, SCHW, STI, UAL, XONE, ZION, AAL, ADBE, ADSK, AKAM, DTV, GRMN, MU, STX, TXN,    
MACD Divergence Bounce: HOG, HPQ, MS, SWI,
Gap Up:      
Gap Down: BABA, RCL,   
C- Pattern:  
Bear Flag:
Support Break: CMGE, FEYE, SPLK, ANR, SFUN, CMCSA, QCOM, YHOO,  

______________________


82 out of 100 NDX stocks closed higher on Thursday.


Leading NDX 100 stocks included: ALXN, TSCO, AAL, AAPL, TSLA, DISH, CTXS, AMZN, NVDA, FB, EQIX, MU, STX

Lagging NDX stocks included: QCOM, YHOO, VRTX, CMCSA

Leading stocks > +2% on Thursday: LOCO, UAL, HOG, DAL, CRM, PANW, SWKS, BBY, UA, IBM, FAS, GOGO

Lagging stocks < -2.0% included: BABA, RCL, JD, UNG, GME, VXX, LC, JDSU, GLD, X


Stocks to Watch on Friday
Holding Above 30 DMA = 36
WFM, SIAL, KRFT, MNST, SRCL, AVGO, HSIC, CTSH, FISV, SIRI, NXPI, CELG, ATVI, BIIB, CERN, GILD, VOD, CTRX, NFLX, EA, TXN, ILMN, BBBY, SBUX, SBAC, LRCX, LVNTA, AMZN, DLTR, EXPD, ROST, VRSK, TSCO, ORLY, WYNN, AAPL

Moving Above 30 DMA = 5
ALXN, FB, REGN, DISH, AAL

Moving Below 30 DMA = 5
VRTX                     

Staying Below 30 DMA
ADP, BIDU, CHKP, CHRW, GOOG, GRMN, LLTC, MYL, PAYX, SYMC, LMCA, MAR, ADBE, CA, CMCSA, COST, CSCO, DTV, EBAY, ESRX, MSFT, NVDA, YHOO, EQIX, AMAT, FAST, INTC, ISRG, KLAC, MDLZ, GMCR, BRCM, VIP, SPLS, WDC, QCOM, STX, TRIP, AKAM, PCAR, PCLN, VIAB, ADI, DISCA, LBTYA, FOXA, CHTR, ADSK, MAT, MU, ALTR, CTXS, INTU, NTAP, SNDK, AMGN, XLNX, TSLA

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


Stock Futures Rise Before The Bell On Jobless Claims...Jobless Claims At Lowest Level Since 2000...BABA Sales Growth Disappoint...BABA Down 6.75%...

BMO – ES + 6.00…and NQ + 7.75…stock futures point to a HIGHER open in pre-market…

SPY is down .02…

XLF is
Euro is up 40 pips…
TLT is down .56…

Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…


Wednesday, January 28, 2015

FOMC Reaction Sends Stocks Lower Falling Towards Short-term Support...

All nine sectors moved lower on Wednesday…XLK, XLU and XLI were the strongest sectors and XLE was the weakest.
 
Breadth weakened as decliners led advancers 2.81 to 1 on the NYSE and 2.99 to 1 on the NASDAQ.

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


SPY down 2.60 at 200.14 on 168.5 million shares
VIX up 3.22 at 20.44…
TNX down 1.01 at 17.24…
TLT up 2.20 at 136.77...
XLF down .43 at 23.20 on 69.3 million shares

AAPL up 6.17 at 115.31 on 146.4 million shares
FB up .46 at 76.24…on 53.3 million shares

Technical Commentary:
QQQ -0.51%, DIA -1.08%, SPY -1.28%, IWM -1.69%.

Good news was bad news for stocks as the Fed indicated that the economy was growing “at a solid pace.”  Some took this as an indication that the Fed may look to raise rates as soon as June.  This mindset seems reminiscent of the market reactions that occurred about a year and a half ago as speculation began to rise that the Fed would bring its QE asset buying program to an end.  Ultimately, the Fed did bring QE to an end which turned out to be neither negative for the economy or the stock market

While today’s reaction is likely to be short-term in nature, traders must take defensive action as stocks move lower to support.  Also interest rate weakness is having an impact on financial stocks which are rolling over.

The NDX -25.12 points was led lower by MSFT, GILD, CMCSA, AMGN, GOOG, BIDU and INTC. 

Positive earnings reactions from FSL +4.18, 18.25%, EA +6.20, +12.81%, TUP +6.93, +11.60%, X +2.31, +10.86%, AAPL +6.18, +5.65%, JNPR +0.82, +3.76%, and WDC +2.20, +2.25% provided some of the strongest positive reactions thus far this earnings season.

SPX dropped on weakness in energy stocks as crude inventories continued to rise.  NBR, DNR, HES, NOV, MUR, NE, PXD, HP, QEP, DVN, CHK, APA, EOG and MRO all dropped more than -5% on the news.  XLE -3.06, -3.94% was the weakest sector.

After the close QCOM -5.87, -8.27%, FB -1.39, -1.82%, VRTX -2.15, -1.77%, TSCO -0.75, -0.94% moved lower on earnings reactions.

IWM which has been the strongest market segment recently reversed on Wednesday and was led lower by weakness in RSPP, SLCA, MTDR, PE, UMBF, DYAX, SYRG, AGIO, XON, PDCE, ISIS and BCRS.


RUT Movers:  ADVS, JJSF, FCNCA

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 = 202.15, 203.83, 205.06...
QQQ = 102.01, 103.17, 104.58
IWM = 117.84, 119.19, 119.45…

Support Levels
SPY = 200.20, 198.55, 196.77...
QQQ = 100.48, 99.36, 97.94
IWM = 116.57, 115.32, 114.20...


Earnings this week:
Monday:  MSFT, STX, TXN, ZION
Tuesday:  AAL, AAPL, AMGN, EA, ILMN, WDC, YHOO, FSL, GLW, JNPR, TSS, X,
Wednesday: FB, LRCX, QCOM, TSCO, TUP, VRTX, CAVM
Thursday:  ALXN, AMZN, BIIB, BRCM, CELG, CHKP, MAT, VIAB, WYNN, MCHP, BABA, BX, HOG, JDSU, RCL, SWI,
Friday:  PCAR

Q4 Earnings Reaction
Positive Reactions – AAPL, EA, FSL, GLW, JNPR, TSS, TUP, WDC, X, NFLX, ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON, KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL, UNH, UNP, SNX, LLTC, TSM

More than 10% - NFLX, FSL, EA, TUP, X

Negative Reactions – QCOM, YHOO, MSFT, STX, AAL, ZION, AXP, ALTR, FFIV, IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, KBH, WFC,

More than -10% - FFIV, KBH,

Reversal in progress – BAC, C, IBM, JNJ, JPM, 

Reversal of Initial Reaction – WFC


The SPX Market Forecast is pointed down at 56.

___________________

Setups
Horizontal Breakout: IWM, MGM, TXN, KKD, TSL, FSLR, SSYS, PANW,
Diagonal Breakout: AMBA, MBLY, JCP,
Bull Flag: KRFT, MNST, AVGO, CTRP, GLD, LOCO, MFRM, NTES, DAL, AAL, MAR, EBAY, GRMN, EBAY, ETFC, STI, Z, FEYE, KEY, CREE, JNUG, GDX,
Gap Up:  CAVM             
Gap Down: FB, QCOM, TSCO, VRTX
Bear Flag: BBY, GOGO, GPRO, LC,
At Support: MU, BAC, C, CMGE, CSIQ, FAS, IBM, MS, TWTR

Moves
New Highs: BX, SWKS, TLT,  
H Breakout: JD
Bull Flag Bounce: VXX
Gap Up:  FSL, EA, X, AAPL, JNPR,    
Support Break: AIG, CAR, EMC, HPQ, RAX, SPLK, UBNT, ZION,


______________________

11 out of 100 NDX stocks closed higher on Wednesday.


Leading NDX 100 stocks included: EA, AAPL, WDC, MAT, NXPI, ATVI, STX, FB, MNST, AVGO

Lagging NDX stocks included: VIP, AAL, CHTR, MSFT, LMCA, TSLA, YHOO, BIDU, CMCSA, ADSK

Leading stocks > +2% on Wednesday: X, VXX, JNPR, JD

Lagging stocks < -2.0% included: JUNO, MBLY, FEYE, FAS, YELP, SUNE, TWTR, SPWR, BABA, GOGO, UBNT, BBRY, Z, XONE, SPLK, RCL, ZION, SCHW, TSL, EMC, CSIQ, CMGE, JASO, CREE, BAC, ETFC, STI, CAR, AIG, CRM, C, LC, MS, JCP, GLW, SCTY


Stocks to Watch on Thursday
Holding Above 30 DMA = 36
WFM, SIAL, KRFT, MNST, SRCL, AVGO, HSIC, CTSH, FISV, NXPI, SIRI, CELG, ATVI, BIIB, CERN, CTRX, EA, GILD, NFLX, VOD, VRTX, ILMN, TXN, BBBY, LRCX, LVNTA, SBAC, SBUX, AMZN, DLTR, EXPD, ROST, TSCO, VRSK, ORLY, WYNN

Moving Above 30 DMA = 1
AAPL

Moving Below 30 DMA = 15
AAL, ADP, BIDU, CHKP, CHRW, DISH, GOOG, GRMN, LLTC, LMCA, MAR, MYL, PAYX, REGN, SYMC                     

Staying Below 30 DMA
ADBE, CA, CMCSA, COST, CSCO, DTV, EBAY, EQIX, ESRX, MSFT, NVDA, YHOO, FB, AMAT, FAST, GMCR, INTC, ISRG, KLAC, MDLZ, BRCM, VIP, SPLS, WDC, QCOM, STX, TRIP, ADI, AKAM, CHTR, DISCA, FOXA, LBTYA, PCAR, PCLN, VIAB, ADSK, MAT, MU,  ALTR, CTXS, INTU, NTAP, SNDK, AMGN, XLNX, ALXN, TSLA

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

Have You Had Your Apple Today?...Blowout Earnings On AAPL Lifts The Street...AAPL Jumps 8.83%...Price Target Lifted...Investors Will Be Eyeing FB & QCOM Today...

BMO – ES + 5.25…and NQ + 41.75…stock futures point to a HIGHER open in pre-market…

SPY is up 1.33…

XLF is
Euro is down 20 pips…
TLT is down .17…

Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…


Tuesday, January 27, 2015

MSFT, CAT, DD, PG Lead SPX Lower on Tuesday...After the Close AAPL Crushes Estimates...FSL, X, YHOO, JNPR, EA, WDC Rise on EPS...

One of nine sectors moved higher on Tuesday…XLU, XLE and XLB were the strongest sectors and XLK was the weakest.
 
Breadth weakened as decliners led advancers 1.31 to 1 on the NYSE and 1.68 to 1 on the NASDAQ.

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


SPY down 2.71 at 202.74 on 134.0 million shares
VIX up 1.70 at 17.22…
TNX down .03 at 18.25…
TLT up .21 at 134.57...
XLF down .21 at 23.63 on 28.5 million shares

AAPL down 3.96 at 109.14 on 95.5 million shares
FB down 1.71 at 75.78…on 20.1 million shares

Technical Commentary:
IWM -0.48%, SPY -1.32%, DIA -1.65%, QQQ -2.59%.

The NDX crumbled -110.22 points led by a -31.7 NDX point drop in MSFT.  INTC, CSCO, GOOG, AAPL, FB and GILD contributed another -24.9 NDX points to the downside.  The other -53 NDX points were spread across 86 stocks as only 7 stocks in the NDX rose on Tuesday.

S&P futures dropped before the open on a combination of weak earnings reactions from MSFT, CAT, DD, PG and a lower than expected durable goods report.

Stocks were led lower by weak earnings late Monday and Tuesday before the open.  After the close AAPL +6.06, +5.55% blew estimates away earning $18 billion,  selling 74.5 million iPhones during the holiday season, and led a bevy of positive earnings reactions in after-hours trading:
FSL +3.15, 11.95%
X +1.88, +8.84%
YHOO +3.35, +6.98%
JNPR +1.13, +5.18%
EA +1.99, +4.11%
WDC +3.37, +3.45%

IWM was the strongest market segment on Tuesday and during mid-afternoon was down just one cent.  IWM closed lower but above its open and did form a white candle.

RUT Movers:  XON, PBYI, MNKD, KITE, SLCA

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 = 205.10, 206.42, 208.97...
QQQ = 105.26
IWM = 117.89, 118.72, 121.41…

Support Levels
SPY = 204.02, 202.33, 201.50...
QQQ = 103.72, 102.59, 101.35
IWM = 116.57, 115.10, 114.20...


Earnings this week:
Monday:  MSFT, STX, TXN, ZION
Tuesday:  AAL, AAPL, AMGN, EA, ILMN, WDC, YHOO, FSL, GLW, JNPR, X,
Wednesday: BIIB, FB, LRCX, QCOM, TSCO, VRTX, CAVM
Thursday:  ALXN, AMZN, BRCM, CELG, CHKP, MAT, VIAB, WYNN, MCHP, BABA, BX, HOG, JDSU, RCL, SWI,
Friday:  PCAR

Q4 Earnings Reaction
Positive Reactions – AAPL, EA, FSL, GLW, JNPR, WDC, X, YHOO, NFLX, ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON, KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL, UNH, UNP, SNX, LLTC, TSM

More than 10% - NFLX

Negative Reactions – MSFT, STX, AAL, ZION, AXP, ALTR, FFIV, IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, KBH, WFC,

More than -10% - FFIV, KBH,

Reversal in progress – BAC, C, IBM, JNJ, JPM, 

Reversal of Initial Reaction – WFC


The SPX Market Forecast is pointed up at 61.

___________________

Setups
Horizontal Breakout: IWM, NTES, MGM, MAR, TXN, FEYE, JD, KKD, MBLY, KEY, TSL, FSLR, SSYS,
Diagonal Breakout: SPY, AMBA, FAS,
Bull Flag: KRFT, MNST, AVGO, AAL, DAL, ADBE, EBAY, GRMN, CTRP, ETFC, STI, Z, LOCO
Gap Up:  AAPL, EA, FSL, JNPR, WDC, X, YHOO

Moves
New Highs: NFLX, SBUX, ILMN, GLW, SCSS,
Bull Flag Bounce: GLD, JNUG, GDX,    
Gap Down: MSFT, INTC, HOG, HPQ, QQQ, CAT, PG   
Bear Flag:  MU,

______________________


7 out of 100 NDX stocks closed higher on Tuesday.


Leading NDX 100 stocks included: NFLX, DLTR, XLNX, ILMN, SBAC, SBUX, SPLS

Lagging NDX stocks included: MSFT, VIP, AAL, NVDA, INTC, MU, CSCO, ADSK, AAPL, STX

Leading stocks > +2% on Tuesday: GLW, LC, SCSS, TSL, GPRO

Lagging stocks < -2.0% included: MTW, HPQ, HOG, RAX, CRM, DGLY, EMC, CREE, FAS, TWTR, UAL, V, VSLR, SPLK, SWI, SCHW


Stocks to Watch on Wednesday
Holding Above 30 DMA = 51
WFM, SIAL, CHKP, KRFT, MNST, SRCL, AVGO, HSIC, CTSH, FISV, NXPI, PAYX, SIRI, CELG, ADP, ATVI, BIIB, CERN, CTRX, EA, GILD, NFLX, VOD, VRTX, AAL, ILMN, LLTC, REGN, TXN, BBBY, BIDU, DISH, GOOG, LMCA, LRCX, LVNTA, SBAC, SBUX, AMZN, CHRW, DLTR, EXPD, GRMN, MAR, ROST, SYMC, TSCO, VRSK, ORLY, MYL, WYNN

Moving Above 30 DMA = 0
      

Moving Below 30 DMA = 13
AAPL, ADBE, CA, CMCSA, COST, CSCO, DTV, EBAY, EQIX, ESRX, MSFT, NVDA, YHOO                        

Staying Below 30 DMA
FB, AMAT, FAST, GMCR, INTC, ISRG, KLAC, MDLZ, BRCM, VIP, SPLS, WDC, QCOM, STX, TRIP, ADI, AKAM, CHTR, DISCA, FOXA, LBTYA, PCAR, PCLN, VIAB, ADSK, MAT, MU,  ALTR, CTXS, INTU, NTAP, SNDK, AMGN, XLNX, ALXN, TSLA

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