Wednesday, July 29, 2015

Stocks Gain After Fed Meeting...FB Reports Earnings & Is Trading Lower After Hours...SHAK Shakes It Up Surging 18.07%...SLCA Reports Earnings & Gains 15.82%...TWTR Disappoints...Gaps Down & Closes Down 14.50%...YELP Slips 25.22% After Earnings Report...

All nine sectors moved higher on Wednesday…the strongest sectors were XLE…
XLI and XLY…the weakest sector was XLV.
 
Breadth remained the same as advancers led decliners 2.70 to 1 on the NYSE and 1.28 to 1 on the NASDAQ.


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


SPY up 1.44 at 210.77 on 105.4 million shares
VIX down .94 at 12.50…
TNX up .29 at 22.79…
TLT down .45 at 120.70…
XLF up .25 at 25.29 on 26.7 million shares

AAPL down .39 at 122.99 on 36.9 million shares
FB up 1.70 at 96.99 on 63.1 million shares

Technical Commentary:
IWM + 0.28%, QQQ + 0.38%, DIA + 0.65%, SPY + 0.69%.


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 27
Monday – BIDU, NCLH, SOHU,
Tuesday – AKAM, TWTR, ESRX, FISV, CTRP, SLCA, SPWR, YELP,
Wednesday – FB, GILD, GRMN, LRCX, MAR, WFM, WYNN, SKX, SCTY
Thursday – EXPE, STX, LNKD, FEYE, OCN, SHOP, ESI, SSYS, YNDX,
Friday – RCL,


Q1 Earnings Reaction
Positive Reactions – AMZN, P, MXIM, JNPR, V, SBUX, LUV, SNDK, TXN, UA, WHR, GM, VRSN, CHKP, FFIV, FTNT, LVS, PKG, TMO, TSCO, VMW, ACE, APH, OC, BA, CHKP, IPG, CLI, CMG, LVS, MANH, TRV, VMW, LAD, HOG, WWW, ZION, HAS, HAL, GOOG, HTZ, HON, GE, NFLX, SCHW, EBAY, C, USB, DAL, BAC, WFC, JPM, NKE, AA

More than 10% - P, FTNT, SNDK, GOOG, GOOGL, HTZ, NFLX,

Negative Reactions – BIIB, TRIP, STT, AAL, FSL, KLAC, MCD, UNP, SAVE, CELG, CA, CMCSA, ETFC, CAT, DOW, FCX, MMM, OSTK, IBM, KO, QCOM, AXP, AAPL, IBKR, ILMN, XLNX, VZ, BEAV, BHI, LLTC, MSFT, YHOO, EXAS, STI, UNH, MAT, KEY, YUM, FAST, CUDA, MU


More than -10% - BIIB, TRIP, GIMO, SCSS, BEAV, SWI, CUDA, MU

Reversal in progress – LAD,

Reversal of Initial Reaction – HTZ, HON, GE, AA,

Short-term Chart Targets:
SPY = 210.37, 211.65...
QQQ = 113.00, 114.41
IWM = 123.71, 124.30…

Support Levels
SPY = 207.60, 206.05...
QQQ = 111.13, 110.00…
IWM = 121.28, 119.73...


The SPX Market Forecast is moving down at 52.

__________________


Setups
Horizontal Breakout: AIG, BAC, CCL, CRM, HOG, LNKD, NCLH, RCL, SCHW, SCTY, SHOP, SVXY, TPX, CREE, JASO, SSYS, YNDX, COST, EBAY, MU, TXN, WBA, WDC,
Diagonal Breakout: FEYE, SEDG, SINA, SOHU, SONC, STI, Z, AXTA, FSLR, GOGO, KKD, KNDI, UPL, LRCX, INTC, MAR, XLNX,
Bull Flag: AMBA, CIEN, GPRO, PANW,
Potential Bullish Divergence: 
Gap Up
Gap Down: 
Bear Flag:  
At Support: ADSK,  
C- Pattern

Moves
New Highs: NKE, UA, V, VRSN, MNST,  
H Breakout: CSIQ, OCN, SCTY, SHAK, BBRY, ESI, X, STX,
D Breakout: TSL, AA, FB,
Bull Flag Bounce: GME, MBLY, ROST,
MACD Divergence Bounce: GLW, LOCO,  
Bounce: CTRP, IBM, JCP, JD, ZION, JDSU, RAX, MSFT,
Gap Up: SPWR, DDD, X, GILD, GMCR,
Gap Down: TWTR, YELP,   
C- Pattern:                                                          
Bear Flag:
Support Break:  

______________________

Watch List Stocks
Leading stocks > +2% on Wednesday: SHAK, SLCA, SPWR, CSIQ, SOHU, OCN, FEYE, SONC, TSL, SCTY, CTRP, TASR, FAS, JD, NCLH, SEDG,  
                                                       
Lagging stocks < -2.0% included: YELP, TWTR, UBNT, FIT, SPLK, YOKU, VXX


64 of 100 NDX stocks closed higher on Wednesday.

Leading NDX 100 stocks included: VIP, CTXS, VRSK, CERN, CHRW, SRCL, GMCR, MAR, EXPD, FISV

Lagging NDX stocks included: CELG, ALXN, VRTX, BIIB, HSIC, WYNN, CHKP, ADSK, ESRX, REGN


NDX Stocks to Watch on Thursday
Moving Above 30 DMA = 13
ADP, CERN, CTSH, CTXS, EXPD, GMCR, LBTYA, MAR, MSFT, SRCL, STX, TSCO, VRSK

Moving Below 30 DMA = 3
AAL, SBAC, VRTX

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral/Up

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