Wednesday, February 25, 2015

DIA, IWM Inch to New High Close

Two of nine sectors moved higher on Wednesday…XLY, XLE and XLR were the strongest sectors and XLU was the weakest.
 
Breadth weakened as advancers led decliners 1.24 to 1 on the NYSE and 1.19 to 1 on the NASDAQ.

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


SPY down .18 at 211.63 on 73 million shares, below average volume
VIX up .15 at 13.84…
TNX down .19 at 19.69…
TLT up .56 at 130.23...
XLF unchanged at 24.50 on 26.5 million shares, below average volume

AAPL down 3.38 at 128.79 on 74.6 million shares, above average volume
FB up 1.11 at 79.56…on 25.5 million shares

Technical Commentary:
QQQ – 0.25%, SPY – 0.08%, DIA + 0.03%, IWM + 0.11%.


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 = 211.45, 212.95...
QQQ = 109.41, 111.16
IWM = 122.50, 123.54…

Support Levels
SPY = 210.18, 208.97, 207.24...
QQQ = 107.27, 106.41, 105.85…
IWM = 121.41, 120.82, 119.39...


Earnings this week:
Monday: ESRX
Tuesday: FSLR, HPQ, LC, SPWR, CMCSA, SLCA
Wednesday: CRM, YOKU, AVGO
Thursday: DDD, GOGO, JCP, MBLY, SPLK, ADSK, MNST, ROST
Friday: 

Q4 Earnings Reaction
Positive Reactions – SPWR, ESRX, CMCSA, ANGI, CAR, INTU, JWN, RAX, MAR, NEM, PCLN, Z, TRIP, FEYE, CSCO, NVDA, AKAM, WFM, Z, 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% - SPWR, ANGI, UPL, TRIP, FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN, BIIB, NFLX, FSL, EA, TUP, X

Negative Reactions – LL, LC, HPQ, SCTY, ZU, ZNGA, NTAP, BIDU, TSLA, HSIC, KRFT, 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% - LL, LC, TPX, ZU, ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM, FFIV, KBH,

Reversal in progress – AAL, AXP, BIDU, CHRW, FFIV, GILD, ISRG, JNJ, KBH, KLAC, MSFT, NTAP, SOHU, STX, VRTX,

Reversal of Initial ReactionTSLA, QCOM, STT, TPX, WDC, ALTR, ATML, FOXA, GMCR, HSIC, JDSU, JPM, KSU, PCAR, SFUN, SRCL, SYMC, WYNN, XLNX, AA, BAC, C, HSIC, IBM, KBH, KSU, MCD, WFC, ZION


The SPX Market Forecast is at 98.

___________________

Setups
Horizontal Breakout: BBRY, BX, SCHW, STI, ZION, DTV,  
Diagonal Breakout: AMBA, BAC, JDSU, CCL, GILD, GMCR, NTAP,   
Bull Flag: JD, SWI, TWTR, Z, KNDI, SFUN, ILMN, MAR, WDC
Gap Up: CRM, AVGO

Moves
New Highs: IWM, UA, VRSN, CMCSA, SBUX, TXN,   
H Breakout: NKE
Bull Flag Bounce: LOCO, SPLK, FB, GOOGL, YHOO,   
Bounce: CRM, GPRO, HOG, LNKD, LVS,   
MACD Divergence Bounce: BABA,
Gap Up: GOGO,  
Gap Down: HPQ, LC
Support Break: NTES, AA, YY,

______________________


41 out of 100 NDX stocks closed higher on Wednesday.

Leading NDX 100 stocks included: VIP, VRSK, PCLN, CHTR, YHOO, MAT, DLTR, LBTYA, AMZN, SBAC, VRTX

Lagging NDX stocks included: AAL, ESRX, WYNN, WDC, AAPL, BIDU, ILMN, BBBY, EQIX, INTC

Leading stocks > +2% on Wednesday: FSLR, JUNO, GOGO, FEYE, DGLY, GPRO, PANW, BBRY, ANGI

Lagging stocks < -2.0% included: LC, HPQ, NTES, Z, UAL, DDD, DAL, CMGE, UPL, ESI


Stocks to Watch on Thursday
Holding Above 30 DMA = 81
WFM, SIAL, MNST, CTSH, FISV, NXPI, SIRI, ATVI, BIIB, CERN, EA, NFLX, ILMN, SBAC, SBUX, AMZN, DLTR, CSCO, VRSK, AAPL, COST, GOOG, BBBY, CTRX, DISH, EXPD, ORLY, VIP, ADP, BRCM, CA, CTXS, DTV, LBTYA, LMCA, NVDA, ROST, TXN, ADBE, CHTR, PAYX, ADI, LLTC, AKAM, ADSK, AMAT, AVGO, INTU, LRCX, MAR, MU, PCLN, ESRX, MDLZ, ALTR, CSCO, EQIX, HSIC, LVNTA, TRIP, WDC, XLNX, CHKP, DISCA, EBAY, FOXA, GILD, MYL, PCAR, QCOM, ALXN, AMGN, FB, SRCL, CELG, REGN, VIAB, VRTX, CHRW, MSFT, KLAC

Moving Above 30 DMA = 2
NTAP, SYMC,                                                                                                                  

Moving Below 30 DMA = 3
AAL, GMCR, SNDK

Staying Below 30 DMA

BBBY, ISRG, STX, TSLA, VOD, WYNN, GRMN, KRFT, SPLS, BIDU, YHOO, FAST, INTC, MAT

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



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