Stocks Strengthen Slightly...End Trading Session LIttle Changed...

Four out of nine sectors moved higher on Wednesday…XLK, XLI and XLV were the strongest sectors and XLU was the weakest. 

 

Breadth strengthened as advancers led decliners 1.23 to 1 on the NYSE and weakened 1.02 to 1 on the NASDAQ.

Wednesday – strengthened, advancers led

Tuesday – mixed, decliners led

Monday – mixed, mixed

Friday – strengthened, advancers led

Thursday – strengthened, advancers led

                                                                                                                                        

SPY up .04 at 210.02 on 94.5 million shares

VIX down .10 at 13.76…

TNX up .22 at 22.82…

TLT down .96 at 118.88…

XLF up .01 at 24.59 on 23.9 million shares

AAPL up .15 at 126.01 on 34.6 million shares

FB up .98 at 78.44 on 21.4 million shares

Technical Commentary:

IWM unchanged, DIA +0.02%, SPY +0.02%, QQQ +0.20%.

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% - DATA, SUNE, ZU, AOL, HLF, TGI, GPRO, OCN, MRC, TER, AMZN, MSFT, ATI, HAS, NFLX, CE, DGLY, CTRP, JUNO, 

Negative Reactions – RAX, YY, KNDI,

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 68.

___________________

56 of 100 NDX stocks closed higher on Wednesday and three were unchanged.

Leading NDX 100 stocks included: VIP, ADSK, GMCR, BRCM, QCOM, FB, YHOO, NTAP, INTC, MU

Lagging NDX stocks included: MAT, CMCSA, DISCA, DLTR, MNST, EXPD, BIIB, EA, WYNN, ALXN

Leading stocks > +2% on Wednesday: DGLY, FEYE, YY, SUNE, SPLK, ZNGA, MBLY, P, ATI, X

Lagging stocks < -2.0% included: RAX, VSLR, YELP

Stocks to Watch on Thursday

Holding Above 30 DMA = 41

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, VRTX, ADBE, CTSH, GILD, VRSK

Moving Above 30 DMA = 3

AVGO, VIP, YHOO

              

Moving Below 30 DMA = 1

MAT

Staying Below 30 DMA

AAL, ESRX, GRMN, KLAC, LVNTA, SNDK, AAPL. AMGN, LLTC, MAR, TRIP, VRTX, WDC, LBTYA, MNST, NVDA, PCLN, MU, DISCA, ADI, CHTR, CMCSA, ESRX, FOXA, HSIC, LMCA, NTAP, VIAB, GMCR, SIRI, KRFT, BIDU, CA, COOG, TSCO, AAL, CERN, GRMN, WYNN, ADSK, CELG, SBAC, ALXN, BIIB, FB, 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