Six out of nine sectors
moved higher on Tuesday…XLE, XLU and XLB were the strongest sectors and XLK
was the weakest.
Breadth strengthened as advancers led decliners 1.68
to 1 on the NYSE and 1.10 to 1 on the NASDAQ where
decliners led advancers.
Tuesday - mixed
Monday – weakened,
decliners led
Friday - strengthened,
advancers led
Thursday – weakened,
decliners led
Wednesday – strengthened,
advancers led
SPY up .40 at 209.49 on 74.8 million shares, below average volume
VIX down .27 at 13.67…
TNX down .35 at 19.04…
TLT up .92 at 130.72…
XLF unchanged at 24.33 on 26.4 million shares
AAPL down .55 at 126.30 on 25.5 million shares, below average volume
FB up .50 at 83.52…on 19.6 million shares
Technical Commentary:
QQQ – 0.29%,
IWM – 0.02%, SPY + 0.19%,
DIA + 0.30%.
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 = 211.11, 212.71...
QQQ = 109.07…
IWM = 125.94, 127.14…
Support Levels
SPY = 208.61, 206.44...
QQQ = 106.82…
IWM = 123.77...
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, AXP, MAT
Q1 Earnings Reaction
Positive Reactions – WBA, STZ, KMX, DGLY, CTRP,
JUNO, KBH, MFRM, NKE,
More than 10% - DGLY, CTRP, JUNO,
Negative Reactions – AA, BBBY, MU, GME, YOKU,
XONE,
More than -10% - YOKU,
Reversal in progress –
Reversal of Initial
Reaction – GME, MU, YOKU, XONE
The SPX Market Forecast is
pointed up at 64.
___________________
Setups
Horizontal Breakout: CSIQ,
JNPR, FB, STX,
Diagonal Breakout: SPWR,
Bull Flag: AMBA, BBRY, CMGE, CRM, DGLY, EXPE, LOCO, NTES,
PANW, SCTY, SUNE, TWTR, HOG, NCLH, SFUN, ZU, ESRX, MU, MYL, TXN,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: GOOGL, MAR,
C- Pattern:
Moves
New Highs:
H Breakout: SLCA, X,
D Breakout: SSYS, NTAP,
Breakout Test:
Bull Flag Bounce: BABA,
CTRP, NKE, EMC, YY, YHOO,
Bounce: YOKU, ESI,
MACD Divergence Bounce:
Gap Up: CIEN, LC,
Gap Down: LVS, WYNN,
C- Pattern:
Bear Flag:
Support Break: ETFC, KKD, AAL, WFM,
______________________
44 out of
100 NDX stocks closed higher on Tuesday.
Leading NDX 100 stocks included: FAST, VOD, YHOO, CTSH, NTAP, CHKP, MAT, CHTR,
VIP, NFLX,
Lagging NDX stocks included: WYNN, ALTR, ADI, WFM, NXPI, GOOG, MSNT, KRFT,
SYMC, XLNX
Leading stocks > +2% on Tuesday:
YOKU, CIEN, LC, X, SLCA, JUNO, UPL, ATI, DDD
Lagging stocks < -2.0% included: DGLY, SWKS, JCP, JD, LNKD, JASO
Stocks to Watch on Wednesday
Holding Above 30 DMA = 48
LVNTA,
SRCL, CERN, FB, SIAL, KRFT, ORLY, ADI, ALTR, EA, EQIX, VRSK, XLNX, CTRX, ESRX,
ISRG, MDLZ, CHTR, VIP, CTXS, DISCA, HSIC, TSLA, MYL, REGN, ADSK, AMGN, AMZN,
BIDU, CMCSA, DTV, INTU, NFLX, PCLN, SBUX, VRTX, YHOO, AAPL, GILD, NVDA, PCAR,
SIRI, VIAB, ALXN, BRCM, STX, TSCO, VOD
Moving Above 30 DMA = 5
ATVI, CHKP, CTSH, FAST, MAT
Moving Below 30 DMA = 8
AKAM, DLTR, FISV, ILMN,
INTC, MNST, SYMC, WYNN
Staying Below 30 DMA
ADBE,
BIIB, LMCA, NXPI, SPLS, ADP, TXN, BBBY, CA, COST, AVGO, AAL, EXPD, ROST, FAST,
PAYX, GOOG, CELG, CHRW, EBAY, FOXA, MAR, MSFT, SBAC, SNDK, TRIP, KLAC, LBTYA,
LLTC,AMAT, GMCR, QCOM, CSCO, DISH, LRCX, NTAP, WFM, WDC, MU, GRMN, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral
