Monday, July 20, 2015

PYPL Rises Joins SPX...AMBA, GPRO, FB, Big Gains...HAS Up on Strong EPS Reaction...VSLR +44% on SUNE Buyout...

Six of nine sectors moved higher on Monday…the strongest sectors were XLK, XLV and XLP…the weakest sector was XLE.
  
Breadth weakened as decliners led advancers 2.14 to 1 on the NYSE and 2.27 to 1 on the NASDAQ.

Monday – weakened, decliners led
Friday – weakened, decliners led
Thursday – strengthened, advancers led
Wednesday – weakened, decliners led
Tuesday – weakened, advancers led


SPY up .11 at 212.59 on 70.4 million shares
VIX up .30 at 12.25…
TNX up .23 at 23.72…
TLT down .50 at 118.22…
XLF up .03 at 25.42 on 20.5 million shares

AAPL up 2.48 at 132.07 on 58.9 million shares, 43% above average volume
FB up 2.94 at 97.91 on 54.8 million shares, 114% above average volume

Technical Commentary:
QQQ +0.34%, DIA +0.08%, SPY +0.05%, IWM -0.54%.

The NDX led all indexes with gains in FB, MSFT, AMZN, AAPL, PCLN, BIIB, REGN, TSLA and EBAY.  PYPL +2.08, +5.42% starting trading on the NASDAQ today and was included in the SP500 after the close on Friday.  NE was removed from the SP500.

VSLR +4.87, +44.76% after announcement of buyout by SUNE at 16.50 per share.

MS opened higher on a strong earnings report but finished down 16 cents.

HAS +4.90, +6.26% gapped higher on a positive earnings reaction.  HAL +1.83% and EXAS -2.10% following earnings this morning.

After-hours IBM -9.14, -5.28% was down following on a negative earnings reaction.

Earnings season continues with IBM, MS, MSFT, YHOO, AAPL, BA, KO, AMZN, MCD, SBUX, UA and AAL as some of the bigger names reporting this week.


Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

Earnings Week of July 13
Monday – EXAS, HAL, HAS, IBM, MS, ZION
Tuesday – BHI, CMG, GPRO, HOG, ILMN, IBKR, LLTC, MSFT, SKX, TRV, VZ, VMW, YHOO
Wednesday – ALTR, AXP, AAPL, BA, CHKP, KO, FFIV, FTNT, LVS, QCOM, RCL, SNDK, TSCO, XLNX,
Thursday – MMM, AMZN, CA, CMCSA, DOW, ETFC, FCX, FSL, GM, GIMO, JNPR, KLAC, MCD, NDAQ, OSTK, P,  PHM, LUV, SBUX, TRIP, UA, UNP, UAL, VRSN, V,
Friday – AAL, BIIB, SAVE, STT,


Q1 Earnings Reaction
Positive Reactions – HAS, HAL, GOOG, HTZ, HON, GE, NFLX, SCHW, EBAY, C, USB, DAL, BAC, WFC, JPM, NKE, AA

More than 10% - GOOG, GOOGL, HTZ, NFLX,

Negative Reactions – EXAS, STI, UNH, MAT, KEY, YUM, FAST, CUDA, MU


More than -10% - CUDA, MU

Reversal in progress 

Reversal of Initial Reaction – 



Short-term Chart Targets:
SPY = 212.59, 214.90...
QQQ = 114.41, 116.43
IWM = 125.63, 128.55…

Support Levels
SPY = 210.78, 208.94...
QQQ = 111.13, 110.00…
IWM = 124.75, 123.37...


The SPX Market Forecast is moving up and is at 86.

___________________

Setups
Horizontal Breakout: BABA, JNPR, MS, SEDG, SPLK, SUM, SUNE, SWKS, UA
Bull Flag: AIG, BX, CIEN, FIT, IWM, NTES, PANW, STI, TASR, TPX, UBNT 
Gap Down: IBM
At Support: GLNG, GOGO, JUNO, SINA,
C- Pattern: SWKS, GT

Moves
New Highs: SPY, QQQ, BAC, C, FAS, NCLH, NKE, SCHW, V, PYPL, W
H Breakout: SCTY, SHAK
Breakout Test: JD
Gap Up: VSLR, HAS, GPRO,
Gap Down: GLD

______________________

Watch List Stocks
Leading stocks > +2% on Monday: VSLR, GPRO, SCTY, AMBA, SHAK, V, SEDG
                                                       

Lagging stocks < -2.0% included: DGLY, FOGO, FIT, UBNT, TASR, YOKU, CYBR, FEYE, JCP, Z, GLD, CIEN, SINA, SOHU, SLCA



44 of 100 NDX stocks closed higher on Monday and two were unchanged.

Leading NDX 100 stocks included: FB, TSLA, PCLN, EBAY, GMCR, MNST, AAPL, EA, REGN

Lagging NDX stocks included: MU, NFLX, MYL, AAL, WYNN, GOOG, TSCO, NXPI


NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 2
CHRW, ISRG

Moving Below 30 DMA = 3
AAL, CTXS, SRCL

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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