Seven out of nine
sectors moved higher on Thursday…XLE, XLU and XLY were the strongest sectors and XLP
was the weakest.
Breadth strengthened as advancers led decliners 2.10
to 1 on the NYSE and decliners
led advancers 1.56 to 1 on the NASDAQ.
Thursday – strengthened, advancers led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
mixed
Monday – strengthened,
advancers led
Friday - weakened,
decliners led
SPY up .53 at 211.16 on 102.5 million shares
VIX down .23 at 12.48…
TNX down .25 at 19.47…
TLT up .55 at 128.27…
XLF up .04 at 24.32 on 21.3 million shares
AAPL up 1.05 at 129.67 on 45.7 million shares
FB down 2.22 at 82.41…on 73.7 million shares
Technical Commentary:
DIA +0.17%,
SPY +0.25%, QQQ +0.38%, IWM +0.45%.
This week more than 150 SPX companies are reporting earnings.
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 = 210.33, 210.70,
211.40...
QQQ = 108.38, 109.17…
IWM = 125.55, 127.13…
Support Levels
SPY = 207.01, 205.39...
QQQ = 105.55, 104.50…
IWM = 123.77, 122.90...
Earnings Week of April 6 – AA, BBBY, WBA, STZ
Earnings Week of April 13 – JNJ, JPM, FAST, WFC, INTC, BAC, CSX, DAL, LLTC, SNDK, NFLX, GS,
C, AMD, AXP, CE, MAT, NOW
Earnings Week of April 20 – CHKP, HAL, HAS, MS, RCL, STI, IBM, LRCX, ZION, ARMH, ATI,
BHI, DD, HOG, LMT, PCAR, TRV, UA, VZ, AMGN, BRCM, CMG, CREE, ILMN, ISRG, URI,
UTX, YHOO, YUM, ABT, BA, EMC, KO, MCD, CTXS, EBAY, FB, FFIV, ORLY, QCOM, T,
TSCO, TXN, XLNX, ABBV, ALXN, BAX,
CAM, CAT, DHR, DOW, DPS, FCX, HP, HSY, LLY, LUV, MMM, MO, NDAQ, PEP, PG, SIAL,
SWK, UNP, WHR, ALTR, AMZN, ETFC,
GOOGL, HBI, JNPR, KLAC, MSFT, SBUX, SRCL, SWN, AAL, BIIB, STT
Q1 Earnings Reaction
Positive Reactions – BRCM, ILMN, YUM, MCD, KO, EMC, ABT, ATI,
LRCX, PCAR, ARMH, AMGN, HAS, CHKP, HAL, MS, STI, NFLX, CE, MAT, C, DAL,
FAST, INTC, JPM, LLTC, STZ, WBA, KMX, DGLY, CTRP, JUNO,
KBH, MFRM, NKE,
More than 10% - ATI, HAS, NFLX, CE, DGLY, CTRP,
JUNO,
Negative Reactions – CMG, CREE, ISRG, BA, HOG, TRV,
UA, URI, YHOO, DD, BHI, RCL, AXP, BAC, GS, JNJ, SNDK, AA, BBBY, MU,
GME, YOKU, XONE,
More than -10% - NOW, AMD, YOKU,
Reversal in progress –
AA, GS,
Reversal of Initial Reaction – GME,
MU, YOKU, XONE
The SPX Market Forecast is
pointed up
at 78.
___________________
Setups
Horizontal Breakout: DAL,
EXPE, JD, MS, QIHU, TPX (long term), CYBR, VRSN, ADBE, ADSK, MAR, MNST, TSLA,
Diagonal Breakout: CRM,
FAS, SCHW, SINA, CAR, TRIP,
Bull Flag: DDD, JCP, LOCO, SLCA, NFLX,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: SPY, SUNE,
TAN, AKAM, DTV, EA, SBUX,
H Breakout: SPY, JASO
(long term), SCTY (long term), TSL, SFUN (long term), AAPL, MSFT,
D Breakout: NKE,
Breakout Test:
Bull Flag Bounce: IWM,
AIG, C, CMGE, DGLY, NTES, UA, UPL, X,
Bounce: BBRY, JUNO, SSYS,
HOG, WLT,
MACD Divergence Bounce:
Gap Up: DTV, EBAY,
Gap Down: TXN,
C- Pattern:
Bear Flag:
Support Break: LVS,
______________________
68 of 100
NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included: ORLY, CTXS, EBAY, DTV, LBTYA, VIP, SBUX, VRTX,
MAT, MYL
Lagging NDX stocks included: TXN, NXPI, AVGO, FB, ALXN, LRCX, ALTR, BRCM,
ADI, XLNX
Leading stocks > +2% on Thursday:
CMGE, X, NTES, JUNO, BBRY, TPX, YOKU, IBM, SPLK, DGLY, VSLR, TSL
Lagging stocks < -2.0% included: SLCA, UNG,
Stocks to Watch on Friday
Holding Above 30 DMA = 61
LVNTA,
SIAL, KRFT, ORLY, ADI, ALTR, VRSK, XLNX, CTRX, ESRX, MDLZ, VIP, CTXS, DISCA,
TSLA, MYL, AMGN, CMCSA, DTV, NFLX, PCLN, SBUX, VRTX, GILD, PCAR, VIAB, ALXN,
STX, TSCO, VOD, MAT, AKAM, CSCO, ILMN, INTC, MU, WDC, SYMC, AAPL, ADSK, AMZN,
ATVI, BIDU, CHKP, EA, FB, HSIC, LLTC, MNST, REGN, SBAC, SIRI, AAL, BRCM, LRCS,
FAST, INTU, KLAC, NTAP, NVDA, SRCL
Moving Above 30 DMA = 10
ADBE, BIIB, CA, CERN, EBAY, FISV, FOXA, GOOG,
LBTYA, MAR
Moving Below 30 DMA = 6
AVGO, ISRG, NXPI, QCOM,
TXN, WYNN
Staying Below 30 DMA
YHOO, WBA,
CHTR, CTSH, SPLS, LMCA, DLTR, ADP, BBBY, COST, EXPD, ROST, PAYS, CELG, CHRW,
SNDK, TRIP, AMAT, GMCR, DISH, WFM, GRMN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
