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


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