Only one out of nine
sectors moved higher on Monday…XLV, XLI and XLF were the strongest sectors and XLE
was the weakest.
Breadth weakened as decliners
led advancers 1.83 to 1 on the NYSE and 1.10 to 1 on
the NASDAQ where advancers led
decliners.
Monday – mixed, mixed
Friday – strengthened,
advancers led
Thursday – strengthened,
advancers led
Wednesday –
strengthened, decliners led
Tuesday – weakened,
decliners led
SPY down 1.02 at 210.60 on 75.5 million shares
VIX up .99 at 13.85…
TNX up 1.24 at 22.74…
TLT down 2.98 at 119.53…
XLF down .09 at 24.67 on 31.1 million shares
AAPL down 1.30 at 126.32 on 41.95
million shares
FB down .50 at 78.01
on 18.8 million shares
Technical Commentary:
IWM +0.06%,
QQQ -0.39%, DIA -0.42%,
SPY -0.48%.
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, ZU, AOL, HLF, TGI, 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 down at 62.
___________________
Setups
Horizontal Breakout: SPY,
BAC, C, CIEN, CSIQ (long term), FAS, HPQ, MBLY, MS (long term), NTES, SINA,
SOHU, STI, SVXY, VSLR, YY, ZNGA, ADBE, AKAM, XLNX,
Diagonal Breakout: QQQ,
DAL, GME, QIHU, Z, ANR, WLT, XONE, AVGO, GRMN, ILMN, ROST, TRIP,
Bull Flag: CRM,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: NTAP,
C- Pattern:
Moves
New Highs: ETFC,
EXPE, SCHW, SUNE, EA, NFLX,
H Breakout: BBRY, CSIQ,
D Breakout: CMGE, JD, TSL, TAN,
Breakout Test:
Bull Flag Bounce: DGLY,
GOGO, SFUN, TASR,
Bounce: BBRY, LC, UBNT,
DAVE, MNST, MU,
MACD Divergence Bounce:
Gap Up: JASO,
Gap Down:
C- Pattern:
Bear Flag:
Support Break: TLT,
______________________
31 of 100
NDX stocks closed higher on Monday
and two were unchanged.
Leading NDX 100 stocks included: MNST, NFLX, MU, GRMN, VOD, LRCX, AAL, TSLA,
AMAT, EA
Lagging NDX stocks included: WYNN, VRTX, VIP, NTAP, DISCA, CA, ATVI, BBBY,
PCLN, VIAB
Leading stocks > +2% on Monday:
Z, UBNT, SFUN, BBRY, DGLY, X, CSIQ, TASR, LOCO, LC, GOGO, QIHU, JCP, JASO, VXX,
SCHW, ETFC, ATI, JD
Lagging stocks < -2.0% included: UPL, TPX, CYBR, SVXY, GPRO, YELP, TLT
Stocks to Watch on Tuesday
Holding Above 30 DMA = 47
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, ADBE, CTSH, GILD, KLAC, SNDK, VRSK
Moving Above 30 DMA = 3
AAL, ESRX, GRMN
Moving Below 30 DMA = 7
AAP. AMGN, LLTC, MAR,
TRIP, VRTX, WDC
Staying Below 30 DMA
LBTYA, MNST, NVDA, PCLN, 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: Neutral
