Thursday, April 9, 2015

Stocks Advance...Lifted By Energy Stocks...Numerous Horizontal Breakouts...Numerous Setups...Making New Highs...NTES...SUSNE...UA...TAN...VRSN...MYL...

Eight out of nine sectors moved higher on Thursday…XLE, XLV and XLI were the strongest sectors and XLU was the weakest.
 
Breadth weakened as decliners led advancers 1.00 to 1 on the NYSE and 1.06 to 1 on the NASDAQ. 
                                                                                                                                             
Thursday – weakened, decliners led
Wednesday – strengthened, advancers led
Tuesday – weakened, decliners led
Monday – strengthened, advancers led
Friday - Holiday


SPY up .93 at 208.90 on 85.5 million shares, below average volume
VIX down .89 at 13.09…
TNX up .63 at 19.58…
TLT down 1.70 at 129.43…
XLF up .04 at 24.25 on 20.7 million shares, below average volume

AAPL up .96 at 126.56 on 32.4 million shares, below average volume
FB down .10 at 82.17…on 15.9 million shares, below average volume


Technical Commentary:
IWM – 0.36%, DIA + 0.36%, SPY + 0.44%, QQQ + 0.63%.


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...

Q1 Earnings Reaction
Positive Reactions – KMX, DGLY, CTRP, JUNO, KBH, MFRM, NKE, 

More than 10% - DGLY, CTRP, JUNO, 

Negative Reactions – MU, YOKU, XONE, 

More than -10% - YOKU, 

Reversal in progress 

Reversal of Initial Reaction – 


The SPX Market Forecast is pointed up at 49.

___________________

Setups
Horizontal Breakout: IWM, AIG, BX, CREE, DGLY, ETFC, FAS, JCP, MS,0 QIHU, SPLK, SWI, ANR, JDSU, JNPR, LVS, NCLH, TBT, VJET, XONE, YNDX, AMZN, TXN,   
Diagonal Breakout: FEYE, SSYS, V, X, QCOM,   
Bull Flag: CCL, CRM, EXPE,  
Potential Bullish Divergence:  
Gap Up:          
Gap Down:  
Bear Flag:
At Support: RAX,   
C- Pattern:  

Moves
New Highs: NTES, SUNE, UA, TAN, VRSN, MYL,  
H Breakout: SPY, BABA, GME, LOCO, SCHW, SINA, SOHU, ZION, BIDU, BRCM, CMCSA, DTV, ESRX, MU, WYNN, XLNX, YHOO,   
D Breakout: AMBA, BBRY, SWKS, SBUX, STX,  
Breakout Test:  
Bull Flag Bounce:   
Bounce: ATI, UPL,    
MACD Divergence Bounce: GLW,   
Gap Up: BIDU, WBA
Gap Down: ZNGA, AA, COST, BBBY
C- Pattern:  
Bear Flag:  
Support Break: LC, TLT, UNG,    
______________________


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


Leading NDX 100 stocks included: WYNN, ESRX, ALTR, BIDU, STX, MYL, MU, BRCM, QCOM, NVDA

Lagging NDX stocks included: BBBY, CA, COST, AAL, EA, DLTR, AKAM, LBTYA, PCLN, ALXN

Leading stocks > +2% on Thursday: DGLY, LOCO, UPL, VSLR, X, GME, SCTY, SINA, NTES, SWKS, BBRY, SPWR, MBLY

Lagging stocks < -2.0% included: ZNGA, CMGE, LC, VXX, UNG


Stocks to Watch on Friday
Holding Above 30 DMA = 48
MNST, NXPI, LVNTA, SRCL, CERN, FB, SIAL, KRFT, ORLY, ADI, ALTR, EA, EQIX, VRSK, XLNX, CTRX, ESRX, FISV, ISRG, MDLZ, CHTR, LMCA, VIP, CTXS, DISCA, HSIC, TSLA, AKAM, CHKP, MYL, REGN, ADP, ADSK, AMGN, AMZN, ATVI, BIDU, BIIB, CMCSA, CTSH, DLTR, DTV, INTU, NFLX,PCLN, SBUX, VRTX, YHOO

Moving Above 30 DMA = 10
AAPL, GILD, NVDA, PCAR, SIRI, SPLS, SYMC, TXN, VIAB, WYNN             

Moving Below 30 DMA = 3
BBBY, CA, COST

Staying Below 30 DMA
AVGO, AAL, EXPD, ROST, FAST, PAYX, GOOG, ALXN, CELG, CHRW, EBAY, FOXA, MAR, MSFT, SBAC, SNDK, TRIP, TSCO, BRCM, KLAC, LBTYA, LLTC, ADBE, ILMN, AMAT, CMGR, QCOM, CSCO, DISH, LRCX, NTAP, WFM, WDC, MU, STX, VOD, GRMN, INTC, MAT

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up