Thursday, January 15, 2015

Swiss Cuts Currency Cap With EURO Results In Fifth Straight Down Day For Stocks...EURO Sinks To Lowest Level In 11 Years...B of A & Citi Disappoint...Numerous Stocks Break Support...Many Close At Support...

Two sectors moved higher on Thursday…XLU, XLP and XLB were the strongest sectors and XLY was the weakest.
 
Breadth was weakened as decliners led advancers 1.82 to 1 on the NYSE and 3.57 to 1 on the NASDAQ.

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


SPY down 1.84 at 199.02 on 176.6 million shares, above average volume
VIX up 0.91 at 22.39…
TNX down .62 at 17.75…
TLT up 2.34 at 135.16...
XLF down .29 at 23.21 on 47.1 million shares, above average volume

AAPL down 3.53 at 106.27 on 48.9 million shares
FB down 2.60 at 73.68…on 34.1 million shares, above average volume

Technical Commentary:
DIA – 0.57%, SPY – 0.92%, IWM – 1.69%, QQQ – 1.93%.


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 = 203.91, 205.10, 208.97...
QQQ = 102.44, 103.11, 105.26
IWM = 117.89, 118.72, 121.41…
Support Levels
SPY = 198.85, 196.77...
QQQ = 99.62, 98.20
IWM = 114.36, 112.61...



Earnings this week:
Thursday:  BAC, C, INTC, FAST, TSM

Q4 Earnings Reaction
Positive Reactions – SNX, LLTC,

More than 10% -

Negative Reactions – AA, JPM, KBH, WFC,

More than -10% - KBH,

Reversal in progress –

Reversal of Initial Reaction –


The SPX Market Forecast is pointed down at 39.

___________________

Setups
Horizontal Breakout:      
Diagonal Breakout:      
Bull Flag: BX, FEYE, PANW, RCL, SCSS, WFM,  
Potential Bullish Divergence:  
Gap Up:  
Gap Down: BBY,   
Bear Flag:  
At Support: AA, CREE, DAL, ETFC, HOG, IWM, MFRM, NKE, SPLK, SPY, SWI, V, V, YELP, DDD, FSLR, QIHU, SINA, BRCM, MSFT,      
C- Pattern

Moves
New Highs:          
H Breakout: MNST,           
D Breakout:    
Breakout Test:  
Bull Flag Bounce:  
Bounce: DTV,     
MACD Divergence Bounce:     
Gap Up: GLD,      
Gap Down:         
C- Pattern:  
Bear Flag:  
Support Break: CRM, EMC, EXPE, HPQ, JDSU, JNPR, LNKD, ANGI, SFUN, ADSK, FB, MYL, STX, WDC,    

______________________


10 out of 100 NDX stocks closed higher and one was unchanged on Thursday.


Leading NDX 100 stocks included: KRFT, KLAC, CHTR

Lagging NDX stocks included: NXPI, TRIP, PCLN, WDC, STX, YHOO, MU, FB, MYL, MNST, AAPL, TSCO

Leading stocks > +2% on Thursday: LC, GLD

Lagging stocks < -2.0% included: BBRY, BBY, SUNE, VSLR, Z, AMBA, SPWR, GPRO, TWTR, FEYE, XONE, MTW, SPLK


Stocks to Watch on Friday
Holding Above 30 DMA = 18
SPLS, WFM, SIAL, CHKP, KRFT, MNST, ISRG, SRCL, AVGO, HSIC, CA, CTSH, FISV, NXPI, PAYX, SIRI, CELG, ESRX

Moving Above 30 DMA = 1
DTV                 

Moving Below 30 DMA = 7
BIIB, CERN, CSCO, EA, ROST, VRTX, WDC                           

Staying Below 30 DMA
CHRW, CMCSA, LMCA, TSCO, COST, DLTR, GILD, ILMN, MAR, QCOM, AAL, ADP, FB, GMCR, LVNTA, STX, TRIP, BBBY, CTRX, DTV, EBAY, FAST, MDLZ, MSFT, MYL ORLY, SBUX, VRSK, ADI, AKAM, AMAT, BRCM, CHTR, DISCA, FOXA, KLAC, LBTYA, LLTC, NFLX PCAR, PCLN, VIAB, ADSK, EXPD, MAT, MU, ADBE, ALTR, CTXS, DISH, EQIX, GOOG, INTC, INTU, SYMC, TXN, YHOO, AAPL, LRCS, NVDA, REGN, NTAP, SNDK, AMGN, VOD, XLNX, ALXN, ATVI, SBAC, AMZN, GRMN, BIDU, TSLA, VIP, WYNN

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






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