Eight out of nine
sectors moved higher on Thursday…XLY, XLP and XLF were the strongest sectors and XLK was the weakest.
Breadth strengthened as advancers led decliners 1.75
to 1 on the NYSE and 1.50 to 1 on the NASDAQ.
Thursday – strengthened, advancers led
Wednesday – mixed, mixed
Tuesday – weakened,
decliners led
Monday – strengthened,
advancers led
Friday – strengthened,
advancers led
SPY up .73 at 206.43 on 86.9 million shares, 17% below average volume
VIX down .44 at 14.67…
TNX up .36 at 19.04…
TLT down 1.40 at 130.73…
XLF up .12 at 24.21 on 21.5 million shares
AAPL up 1.07 at 125.32 on 32.2.3 million shares
FB down .11 at 81.56…on 19.6 million shares
Technical Commentary:
SPY +0.36%,
DIA +0.33%, IWM +0.18%, QQQ +0.07%.
The unofficial start of earnings
season is next
Wednesday April 8 when AA reports earnings after the close.
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 = 208.61, 211.11...
QQQ = 106.82, 109.07…
IWM = 125.94…
Support Levels
SPY = 204.12, 203.49...
QQQ = 104.24…
IWM = 122.90, 121.54...
Q4 Earnings Reaction
Positive Reactions – DGLY, CTRP, JUNO, KBH, MFRM, NKE, AVGO, CRM, MNST, ROST, ADSK, GOGO, 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% - DGLY, CTRP, JUNO, AVGO, MNST, CRM, SPWR, ANGI, UPL, TRIP,
FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN,
BIIB, NFLX, FSL, EA, TUP, X
Negative Reactions – MU, YOKU, XONE, JCP, SPLK, 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, WFC,
More than -10% - YOKU, LL, LC, TPX, ZU,
ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM, FFIV, KBH,
Reversal in progress –
AXP, BIDU, FFIV, GILD, ISRG, JCP, JNJ, KLAC, MSFT, NTAP, SOHU, STX, YHOO
Reversal of Initial
Reaction – AA, AAL, ALTR, ATML, C, BAC, CHRW, FOXA, GMCR, HSIC, IBM, JCP, JDSU, JPM, KSU, MCD, PCAR, QCOM, RCL, SFUN, SRCL, SYMC, STT, TPX, TSLA, WDC, WYNN, VRTX, WFC, XLNX, ZION,
ZNGA
The SPX Market Forecast hooked up at 35.
___________________
SSetups
Horizontal Breakout: IWM,
SUNE, BX, ETFC, FSLR, GLD, JCP, NCLH, SCSS, SCTY, TSL, UPL, ZNGA, TAN, NCLH, XLNX
Diagonal Breakout: SPY,
FAS, BBY, CRM, IBM, LOCO, MBLY, MS, NKE, SCHW, SPWR, STI, SWKS, UA, V, AAPL,
ADBE, ADSK, AKAM, AMZN, AVGO, CELG, CMCSA, COST, PCLN, TXN, YHOO
Bull Flag: AMBA, CSIQ, CTRP, GPRO, JASO, JD, JUNO, PANW,
RAX, VSLR, VRSN, EA, ESRX, FB, MYL, SBUX
Potential Bullish
Divergence: FEYE, LC, LNKD, ILMN, MSFT, NFLX,
ROST, TRIP
At Support: CREE
Moves
New Highs: EXPE, SUNE
H Breakout: EXPE, RCL,
CCL
D Breakout: ZION
Breakout Test: TWTR
Bull Flag Bounce: DGLY,
QIHU, X
Bounce: AIG, BBY,
CMGE
MACD Divergence Bounce:
ATI, BBRY, SLCA, Z, STX, WDC, WFM
Support Break: DAL
______________________
61 out of 100 NDX stocks closed higher
on Thursday and one was unchanged.
Leading NDX 100 stocks included: DISCA, WYNN, VIP, LVNTA, ADSK, LMCA, TSLA,
DISH, SIRI, ALTR
Lagging NDX stocks included: AAL, QCOM, KRFT, MAT, EXPD, MU, GOOG, GRMN,
BIDU, PCAR
Leading stocks > +2% on Thursday:
DGLY, YOKU, NTES, EXPE, UNG, Z, SCTY, YELP, X, ATI, CMGE, QIHU, BBY, GPRO, JCP,
SPLK, XONE, LVS
Lagging stocks < -2.0% included: JUNO, UAL, CREE, DAL, CAR
Stocks to Watch on Monday
Holding Above 30 DMA = 27
MNST, NXPI, DLTR, COST, LVNTA,
SRCL, CERN, FB, SIAL, YHOO, KRFT, ORLY, ADI, ALTR, BBBY, EA, EQIX, VRSK, XLNX,
BIDU, CTRX, ESRX, FISV, ISRG, MDLZ, CHTR, INTU
Moving Above 30 DMA = 4
CTSH, LMCA, SIRI, VIP
Moving Below 30 DMA = 4
AVGO, CTXS, REGN, SPLS
Staying Below 30 DMA
AAL, AKAM,
AMGN, BIIB, CA, EXPD, MYL, ROST, SBUX, ATVI, CHKP, FAST,
HSIC, PAYX, PCAR, GOOG, ALXN, CELG, CHRW, DISCA, EBAY, FOXA, MAR, MSFT, SBAC, SNDK,
TRIP, TSCO, TSLA, TXN, VRTX, AAPL, BRCM, CMCSA, KLAC, LBTYA, LLTC, NVDA, PCLN,
VIAB, ADBE, ADP, AMZN, GILD, ILMN, ADSK, AMAT, GMCR, QCOM, CSCO, DISH, DTV,
LRCX, NTAP, WFM, NFLX, WDC, MU, STX, SYMC, VOD, WYNN, GRMN, INTC, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Neutral/Down
