Six of nine sectors
moved higher on Friday…XLU, XLY and XLB were the strongest sectors and XLF
was the weakest.
Breadth weakened as advancers
led decliners 1.32 to
1 on the NYSE and decliners led advancers 1.01 to 1 on the NASDAQ.
Friday – strengthened, advancers led
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – mixed,
decliners led
Monday – mixed, mixed
SPY up .23 at 212.44 on 76.5 million shares
VIX down .36 at 12.38…
TNX down .98 at 21.41…
TLT up 2.39 at 151.59…
XLF down .11 at 24.70 on 23.1 million shares
AAPL down .18 at 128.77 on 38.2
million shares
FB down .95 at 80.42
on 27.0 million shares
Technical Commentary:
DIA +0.19%,
SPY +0.11%, QQQ +0.00%, IWM -0.11%.
New all-time closing high on the SPX
led by
POM, BBBY, M, NFLX, YUM FTR and PCP.
Retail stocks BBBY, M, BURL, KSS, WBA, HD, LOW, GPS, ROST, DG,
TGT, DLTRAZO, KR and WFM moved higher on Friday after six weeks of
pull back.
AMBA, SUNE, ASML and BRCM continue to lead
semiconductors.
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 = 212.48, 213.91...
QQQ = 109.91, 111.16…
IWM = 123.44, 125.55,
127.13…
Support Levels
SPY = 208.62, 206.76...
QQQ = 107.06, 106.80, 105.55…
IWM = 120.87, 120.24...
Earnings Week of May 11- CTRP, DGLY, VSLR, JCP, JUNO, LOCO, MBLY, NTES, RAX, SINA,
YOKU, KNDI, SSYS, VJET, XONE, YY,
Q1 Earnings Reaction
Positive Reactions – CTRP, MBLY, NTES, SINA,
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% - YOKU, ZBRA, DATA, SUNE, ZU, AOL, HLF, TGI, GPRO,
OCN, MRC, TER, AMZN, MSFT, ATI, HAS, NFLX, CE, DGLY, CTRP,
JUNO,
Negative Reactions – LOCO, JUNO, RAX, JCP, KNDI,
VSLR, VJET, XONE, YY
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, LNKD
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% - LOCO, JUNO, DGLY, RAX, MNST, FTR, NSM, AVP, LNKD, YELP,
TWTR, X, WYNN, NOW, AMD, YOKU,
Reversal in progress –
AAPL, AXP, DHR, ESRX, GOGO, GRMN, GS, LBTYA, PEP, RCL, VLO, X, YHOO,
Reversal of Initial
Reaction – AA, AKAM,
BAC, BHI, CAR, CELG, DD, DTV, FCX, FOXA, GME, HCA, JNJ,
K, KLAC, MU, STT, SWN, URI, V, WDC, YOKU, XLNX, XONE, ZU
The SPX Market Forecast is pointed up at 78.
___________________
Setups
Horizontal Breakout: QQQ,
BABA, GPRO, MBLY, NCLH, RCL, SWI, SWKS, UA, BURL, DHI, PHM, PG, KO
Diagonal Breakout: AA,
JD, TASR, VSLR, X, GOGO, FEYE,
Bull Flag: AIG, GLUU, JOY, EMN, ZU
Moves
New Highs: SPY, AMBA,
BX, NKE, NTES, PANW, SUNE, SVXY, YOKU, ZNGA, CAG
H Breakout: CIEN, NKE
Gap Down: LOCO,
______________________
Watchlist
Leading stocks > +2% on Friday:
CAR, JCP, AMBA, VJET, GOGO, YOKU, GME, TLT
Lagging stocks < -2.0% included: LOCO, DGLY, JUNO, DDD, P, FEYE
59 of 100
NDX stocks closed higher on Friday.
Stocks to Watch on Monday
Holding Above 30 DMA = 59
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, AAPL,
AMGN, CELG, ESRX, HSIC, KLAC, LLTC, MAR, MAT, NTAP, TRIP, TSCO, WDC
Moving Above 30 DMA = 3
BBBY, FOXA, SIRI
Moving Below 30 DMA = 3
CA, FB, GOOG
Staying Below 30 DMA
AAL, GRMN, LVNTA, SNDK, VRTX, LBTYA, MNST, NVDA, PCLN, MU, DISCA, ADI,
CHTR, CMCSA, LMCA, VIAB, GMCR, KRFT, BIDU, CERN, WYNN, ADSK, SBAC, ALXN, BIIB,
SRCL, ISRG, TXN, WBA, DLTR, COST, ROST, CHRW, AMAT, DISH, WFM
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Up
