All nine sectors moved
higher on Friday…XLE, XLV and XLB were the strongest sectors and XLU
was the weakest.
Breadth strengthened as advancers
led decliners 4.13 to 1 on the NYSE and 1.67 to 1 on
the NASDAQ.
Friday – strengthened, advancers led
Thursday – strengthened,
advancers led
Wednesday –
strengthened, decliners led
Tuesday – weakened,
decliners led
Monday – weakened
slightly, advancers led
SPY up 2.75 at 211.62 on 155.8 million shares,
70% above average volume
VIX down 2.27 at 12.86…
TNX down .34 at 21.50…
TLT up 0.33 at 122.51…
XLF up .35 at 24.76 on 33.0 million shares, 33% above average volume
AAPL up 2.36 at 127.62 on 55.5 million shares, 17% above average volume
FB up .09 at 78.51
on 19.9 million shares,
16% below average volume
Technical Commentary:
DIA +1.43%,
SPY +1.32%, QQQ +1.25%, IWM + 0.75%.
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 April 27 – AAPL, CHRW, AET, COH, F, GLW, PFE, UPS, VLO, AKAM, ESRX,
VRSK, WDC, WHR, WYNN, GPRO, GRMN,
MDLZ, SLCA, SWI, TPX, X, BIDU, MAR, NXPI, VRTX, CAH, LLL, XOM, YELP, ADP, AVP, CELG,
TASR, VIAB, UPL, AIG, CME, EXPE, FEYE, FSLR, LNKD, SWKS, V, GILD, CVX, MCO, WY,
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- TSL, CTRP, DGLY, VSLR, JASO, JCP, JUNO, LOCO, MBLY, NTES, RAX, SINA,
YOKU, KNDI, SSYS, VJET, XONE, YY,
Q1 Earnings Reaction
Positive Reactions – 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% - DATA, SUNE, AOL, TGI, HLF, GPRO, OCN, MRC, TER, AMZN, MSFT, ATI,
HAS, NFLX, CE, DGLY, CTRP, JUNO,
Negative Reactions – MNST, NVDA, APA, CERN, WFM, GMCR,
PCLN, LBTYA, CHK, DDD, FOXA, GOGO, MRO, NWSA, ALL, FOSL, FTR, NFX, Z, PXD, APC,
CAR, DISCA, DTV, DVA, EOG, HCA, K, NBL, SFUN, XEC, NSM, AVP, 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% - MNST, FTR, NSM, AVP, LNKD, YELP, TWTR, X, WYNN, NOW,
AMD, YOKU,
Reversal in progress –
AXP, DHR, ESRX, GRMN, GS, PEP, VLO, 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 slightly pointed up at 67.
___________________
Setups
Horizontal Breakout: IWM,
SPY, SVXY, BABA, BX, C, CIEN, CYBR, EXPE, IBM, MS, SCTY, SOHU, SPLK, STI, TPX, V,
X, ZNGA, AAPL, AKAM, AVGO, BRCM, COST, QCOM, TRIP, TSLA, XLNX,
Diagonal Breakout: QQQ,
CMGE, GME, PANW, SLCA, EBAY,
Bull Flag: AA, AMBA, BBRY, CRM, JD, SCHW, TASR, UPL,
VSLR, ZION, INTC, MYL,
Potential Bullish
Divergence: SCSS
Moves
New Highs: SUNE, NFLX,
H Breakout: AIG, BBY,
FAS, NKE, SUNE, WYNN,
D Breakout: STX
Bull Flag Bounce: ATI,
BAC, CSIQ, ETFC, HPQ, IBM, MS, RCL, SPWR, STI, TPX, ADBE, LRCX, MAR, MSFT, NFLX,
SBUX,
Bounce: QIHU, X, AAPL,
GMCR
Gap Up: SPY, QQQ, CCL,
CYBR, FEYE, BA, NKE, SPLK, SVXY, V, EBAY, ESRX, GILD, GOOGL,
Gap Down: MNST, VXX
Support Break: LC
______________________
81 of 100
NDX stocks closed higher on Friday.
Leading NDX 100 stocks included: TRIP, BIIB, WYNN, GMCR, VIP, NXPI, CTSH, AMGN,
REGN, INTU
Lagging NDX stocks included: MNST, NVDA, CERN, LBTYA, CHTR, WFM, PCLN,
DISCA, VIAB, MU
Leading stocks > +2% on Friday:
CSIQ, YELP, RCL, VSLR, TSL, UPL, V, UNG, FAS, JASO, JUNO, FEYE, TPX, JCP, SPLK,
CIEN, QIHU, EMC, ATI, VJET, YOKU, X, CREE, JD
Lagging stocks < -2.0% included: LC, VXX, SFUN, DGLY, CRM
Stocks to Watch on Monday
Holding Above 30 DMA = 41
SIAL, XLNX, CTRX, MDLZ,
CTXS, TSLA, MYL, DTV, NFLX, SBUX, PCAR, STX, VOD, MAT, AKAM, CSCO, INTC ,SYMC,
AMZN, EA, MSFT, BRCM, LRCX, FAST, INTU, ALTR, SPLS, REGN, ATVI, CHKP, EXPD,
ILMN, ADP, EBAY, FISV, LVNTA, NXPI, ORLY,
PAYX, QCOM, VRTX
Moving Above 30 DMA =
12
AAPL, ADBE, AMGN, CTSH, GILD, KLAC, LLTC, MAR, SNDK, TRIP,
VRSK, WDC
Moving Below 30 DMA = 4
LBTYA, MNST, NVDA, PCLN
Staying Below 30 DMA
MU, DISCA, ADI, CHTR, CMCSA, ESRX, FOXA, HSIC, LMCA, NTAP, VIAB, GMCR, SIRI,
KRFT, VIP, BIDU, CA, COOG, TSCO, AAL, CERN, GRMN, WYNN, ADSK, CELG, SBAC, ALXN,
BIIB, FB, SRCL, AVGO, ISRG, TXN, YHOO, WBA, DLTR, BBBY, COST, ROST, CHRW, AMAT,
DISH, WFM
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Up
