Eight out of nine
sectors moved higher on Thursday…XLK, XLP and XLV were the strongest sectors and XLE
was the weakest.
Breadth strengthened as advancers
led decliners 3.12 to
1 on the NYSE and weakened 2.20 to 1 on the NASDAQ.
Thursday – strengthened, advancers led
Wednesday –
strengthened, advancers led
Tuesday – mixed,
decliners led
Monday – mixed, mixed
Friday – strengthened,
advancers led
SPY up 2.19 at 212.21 on 95.8 million shares
VIX down 1.02 at 12.74…
TNX down .43 at 22.39…
TLT up .32 at 119.20…
XLF up .22 at 24.81 on 21.4 million shares
AAPL up 2.33 at 128.95 on 45.1
million shares
FB up 2.93 at 81.37
on 49.4 million shares
Technical Commentary:
QQQ +
1.46%, IWM + 1.07%, SPY + 1.04%, DIA +0.99%.
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 = 211.40, 212.48...
QQQ = 109.91, 111.16…
IWM = 123.44, 125.55,
127.13…
Support Levels
SPY = 207.62, 205.39...
QQQ = 107.06, 106.50, 105.55…
IWM = 120.66, 119.47...
Earnings Week of May 4 – CMCSA, CTSH, DO, HSIC, APC, DVA, EOG, XEC, ADM, CAR, DIS, DISCA,
DTV, HCA, ICE, K, NBL, SFUN, ALL, CTRP, DVN, EA, FISV, FOSL, FTR, HLF, LC, NFX,
NWSA, PXD, SCTY, Z, CHK, DDD, EXPD, ATVI, CF, FOXA, GMCR, MET, MRO, PRU, RIG,
TSLA, WFM, APA, BABA, BDX, GOGO, PCLN, REGN, SIAL, SUNE, CA, CBS, CERN, CSIQ,
CYBR, LBTYA, MCHP, MNST, NVDA, SPWR, UBNT, ZNGA, ZU, JD, LMCA, TGI, AOL,
Earnings Week of May 11- CTRP, DGLY, VSLR, JASO, JCP, JUNO, LOCO, MBLY, NTES, RAX,
SINA, YOKU, KNDI, SSYS, VJET, XONE, YY,
Q1 Earnings Reaction
Positive Reactions – MBLY,
SUNE, DATA, CYBR, BABA, CSIQ, ZNGA, JD, MCHP, REGN, SPWR, ATVI, CA, EA,
EXPD, CF, FISV, HLF, LC, PRU, SCTY, TSLA, CTSH, DO, HSIC, ICE, MNK, EL,
OCN, MRC, SWKS, TER, EXPE, TASR, AET, AIG, CME, F, FEYE, GILD, LEG, LYV, MDLZ, NXPI, SLCA, TDS, TPX,
UPL, UPS, VRSK, WY, AMZN, MSFT, JNPR, SBUX, GOOGL, CVX, AAL, CTXS, CAM,
EBAY, FFIV, ORLY, SWK, T, ALTR, BAX, BRCM, DOW, EMC, HP, ILMN, KO, MCD, NDAQ,
YUM, 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% - ZBRA, DATA, SUNE, ZU, AOL, HLF, TGI, GPRO, OCN,
MRC, TER, AMZN, MSFT, ATI, HAS, NFLX, CE, DGLY, CTRP,
JUNO,
Negative Reactions – RAX, YY, KNDI, VSLR, VJET,
XONE,
ALL, APA, APC, AVP, CAR, CERN, CHK, DISCA, DTV, DVA, DDD, EOG, FOSL, FOXA,
FTR, GMCR, GOGO, HCA, K, LBTYA, MNST, MRO, NBL, NSM, NVDA, NWSA, NFX, PXD, SFUN,
WFM, XEC, Z, ZU,
AAPL, AKAM, ATHN, BIDU, CAH, CELG, CHRW, COH, ESRX, FSLR, GLW, GRMN, LLL,
MAR, PFE, SWI, TWTR, V, VIAB, VLO, WDC, WHR, HBI, BIIB, STT, TXN, XLNX,
MMM, SRCL, SWN, ALXN, CMG, CREE, DHR, FB, FCX, HSY, ISRG, KLAC, PEP, PG, BA,
HOG, TRV, UA, UNP, URI, YHOO, DD, BHI, RCL, AXP, BAC, GS, JNJ, SNDK, AA,
BBBY, MU, GME, YOKU, XONE,
More than -10% - RAX, MNST, FTR, NSM, AVP, LNKD, YELP, TWTR, X, WYNN, NOW, AMD,
YOKU,
Reversal in progress –
AXP, DHR, ESRX, GRMN, GS, PEP, VLO, X, YHOO,
Reversal of Initial
Reaction – AA, AKAM,
BAC, BHI, CELG, DD, FCX, GME, JNJ, KLAC, MU, STT, SWN, URI, V, WDC, YOKU, XLNX,
XONE, ZU
The SPX Market Forecast is pointed up at 77.
___________________
Setups
Horizontal Breakout: BABA,
BAC, BBRY, DAL, HPQ, JNPR (long term), MBLY, AVGO, DTV, EBAY, ILMN, INTC, MSFT,
Diagonal Breakout: QIHU,
SWKS, CELG, GRMN, MYL, TRIP, WDC,
Bull Flag: SOHU,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: JCP,
C- Pattern:
Moves
New Highs: SPY, BX, NKE,
NTES, V, AKAM, BRCM,
H Breakout: SPY, FAS,
LOCO, UNG, YOKU (long term), ADBE, FB, GILD, QCOM, TXN, XLNX,
D Breakout: QQQ, EMC, AAPL, SBUX,
Breakout Test:
Bull Flag Bounce: IWM,
AIG, AMBA, CCL, CIEN, CRM, EXPE, NCLH, PANW, AMZN, GOOGL, MAR,
Bounce: RAX, RCL,
SFUN, UA, YNDX, CAR, ESI,
MACD Divergence Bounce:
MTW, VJET,
Gap Up: CTRP, IBM, SVXY,
NTAP,
Gap Down: DGLY,
C- Pattern:
Bear Flag:
Support Break: BBY, VXX, HOG,
______________________
86 of 100
NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included: VIP, FB, CTSH, AVGO, ADBE, AKAM, REGN, XLNX, WDC,
MAR
Lagging NDX stocks included: VRTX, WYNN, ROST, MU, SPLS, DLTR, CSCO, COST,
AMAT, CHTR
Leading stocks > +2% on Thursday:
CTRP, NTES, AMBA, RCL, NCLH, CMGE, CCL, LOCO, FAS, UNG, SFUN, ATI, EXPE, SVXY
Lagging stocks < -2.0% included: DGLY, JCP, BBY, JUNO, FEYE, YY
Stocks to Watch on Friday
Holding Above 30 DMA = 46
SIAL, XLNX, CTRX, MDLZ, CTXS, TSLA,
MYL, DTV, NFLX, SBUX, PCAR, STX, VOD, AKAM, CSCO, INTC, SYMC, AMZN, EA, MSFT,
BRCM, LRCX, FAST, INTU, ALTR, SPLS, REGN, ATVI, CHKP, EXPD, ILMN, ADP, EBAY,
FISV, NXPI, ORLY, PAYX, QCOM, ADBE, CTSH, GILD, VRSK, AVGO, VIP, YHOO
Moving Above 30 DMA = 16
AAPL, AMGN, CA, CELG, ESRX, FB, GOOG, HSIC, KLAC, LLTC, MAR,
MAT, NTAP, TRIP, TSCO, WDC
Moving Below 30 DMA = 0
Staying Below 30 DMA
AAL, GRMN, LVNTA, SNDK, VRTX, LBTYA, MNST, NVDA, PCLN, MU, DISCA, ADI,
CHTR, CMCSA, FOXA, LMCA, VIAB, GMCR, SIRI, KRFT, BIDU, CERN, WYNN, ADSK, SBAC,
ALXN, BIIB, SRCL, ISRG, TXN, WBA, DLTR, BBBY, COST, ROST, CHRW, AMAT, DISH, WFM
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral/Up
