Five of nine sectors
moved higher on Wednesday…XLP, XLK and XLV were the strongest sectors and
XLU was the weakest.
Breadth weakened
as decliners
led advancers 1.21 to 1 on the NYSE and 1.21 to 1 on
the NASDAQ.
Wednesday – weakened, decliners led
Tuesday – strengthened,
advancers led
Monday – Mixed,
decliners led
Friday – weakened,
decliners led
Thursday – strengthened,
advancers led
SPY up .12 at 206.93 on 90.4 million shares, below average volume
VIX down .27 at 16.96…
TNX down .03 at 19.88…
TLT up .24 at 129.95...
XLF unchanged at 24.21 on 29.3 million shares, below average volume
AAPL up 2.86 at 124.88 on 73.3 million shares, above average volume
FB up 1.32 at 76.51…on 20.8 million shares
Technical Commentary:
QQQ +
0.36%, SPY + 0.06%, DIA + 0.11%, IWM – 0.14%.
AAPL +2.86,
+2.34%, FB +1.32, +1.76% and GILD +1.66, +1.69% led the NDX +16.12, with a combined +6.7 NDX points. AAPL made another new all-time closing
high.
The SPX
which had traded in a range up, down, up, down before finishing slightly higher
was led by gains in GNW, FTI, ZTS, ESRX, DNB, MDLZ, AKAM, PEP, RHT and
AAPL.
Oil traded to a low of 48.05 before
closing at 49.45.
Following
downtrends and consolidations 3-D printing stocks DDD +5.51%, VJET +6.06%, SSYS
and XONE saw higher than market gains on Wednesday.
After-hours Earnings Reaction
TRIP +8.93,
+13.27%
CSCO +1.71,
+6.35%
FEYE +1.99,
+5.58%
WFM +1.49,
+2.78%
ZU -4.25,
-21.37%
BIDU -19.97,
-9.30%
NTAP -2.04,
-5.13%
TSLA -8.68,
-4.08%
AMAT -0.76,
-3.13%
RUT Movers: EEFT, TMH, WCG, CTLT, SKX, ESPR
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 = 206.42, 208.97...
QQQ = 104.58, 105.25…
IWM = 119.45, 120.82, 121.41…
Support Levels
SPY = 203.66, 202.51,
201.62...
QQQ = 102.10, 101.65, 100.48…
IWM = 1117.38, 116.57,
115.32...
Earnings this week:
Monday: NTES, SOHU,
Tuesday: AKAM, CERN, REGN,
SFUN
Wednesday: AMAT, BIDU,
FEYE, HSIC, NTAP, SCSS, TRIP, TSLA, WFM, ZU
Thursday: JD, KRFT, Z, ZNGA
Friday:
Q4 Earnings Reaction
Positive Reactions – AKAM,
EEFT, TMH, CTLT, SKX, NTES, WCG, ADP, ATVI, CTSH, FISV, ONNN, ORLY, SIRI,
UA, VRSN, 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% - EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT,
ONNN, AMZN, BIIB, NFLX, FSL, EA, TUP, X
Negative Reactions – SFUN,
SOHU, ATML, CHRW, FOXA, GILD, GMCR, SRCL, SYMC, WYNN, 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% - EXPE, GPRO, YELP, P, TPX, QCOM,
FFIV, KBH,
Reversal in progress – AXP, ISRG, JNJ, JPM, QCOM, STT,
Reversal of Initial Reaction – AA, BAC, C, IBM, KBH, KSU, MCD, WFC,
ZION
The SPX Market Forecast rising at 71.
___________________
Setups
Horizontal Breakout: SPY,
CIEN, CREE, ETFC, GME, IBM, JASO, NTES, SPWR, AVGO, CMCSA, GOOGL, GRMN, MNST, NFLX,
SNDX,
Diagonal Breakout: CRM,
HPQ, XONE, ADBE, FB, GMCR, LRCX, STX,
Bull Flag: GOGO, JD, QIHU, STI, TSL, UPL, COST
Gap Up: TRIP, CSCO, FEYE, WFM
Gap Down: BIDU, TSLA, AMAT, NTAP, ZU
At Support: YY
Moves
New Highs: PANW, TXN,
H Breakout: DGLY, VJET,
NTAP,
D Breakout: SWKS, DDD, ESRX, WDC, XLNX
Bull Flag Bounce: SCSS,
Bounce: DGLY, ESI, SPLK,
SINA, GILD,
MACD Divergence Bounce:
GPRO,
Gap Up: AAPL, AKAM
Support Break: GLD,
______________________
56 out of 100 NDX stocks
closed higher on Wednesday.
Leading NDX 100 stocks included: ESRX, MDLZ, AKAM, AAPL, NXPI, SYMC, VIP, WDC,
FB, ATVI
Lagging NDX stocks included: TRIP, KRFT, BIDU, CSCO, MAT, ALXN, TSLA, CELG,
VIAB, BIIB, WYNN, DISH
Leading stocks > +2% on Wednesday:
DGLY, ESI, UNG, LC, YELP, SSYS, SCSS, SPLK, TWTR, PAN, GPRO
Lagging stocks < -2.0% included:
AA, AMBA, FEYE, JCP
Stocks to Watch on Thursday
Holding Above 30 DMA = 61
WFM, SIAL, MNST, CTSH, FISV, NXPI, SIRI, ATVI, BIIB,
CERN, EA, NFLX, ILMN, SBAC, SBUX, AMZN,
DLTR, TSCO, VRSK, AAPL, COST, GOOG, BBBY, CTRX, DISH, EXPD, GRMN, ORLY, TSLA,
VIP, ADP, BRCM, CA, CTXS, DTV, LBTYA, LMCA, NVDA, ROST, TXN, ADBE, CHTR, CMCSA,
PAYX, ADI, CELG, LLTC, AKAM, ADSK,
AMAT, AVGO, EBAY, HSIC, INTU, LRCX, MAR, MU, NTAP, PCLN, VOD, WYNN
Moving Above 30 DMA =
5
ESRX, FB, MDLZ, SYMC, WDC
Moving Below 30 DMA = 1
KRFT
Staying Below 30 DMA
EQIX, LVNTA, REGN, SRCL, SYMC, CHRW, GILD, SPLS, ALXN, AAL, FB, VRTX,
BIDU, CHKP, MYL, CSCO, ESRX, MSFT, YHOO, FAST, GMCR, INTC, ISRG, KLAC, MDLZ,
WDC, QCOM, STX, TRIP, DISCA, FOXA, PCAR, VIAB, MAT, ALTR, SNDK, AMGN, XLNX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Up
No comments:
Post a Comment