Two sectors moved
higher on Thursday while seven sectors moved lower…the strongest sectors were XLE,
XLU and XLB…the weakest sector was XLV.
Breadth weakened as
decliners led
advancers 1.47
to 1 on the NYSE and 2.45 to 1 on the NASDAQ.
Thursday – weakened, decliners led
Wednesday –
strengthened, mixed
Tuesday – strengthened, decliners
led
Monday – weakened,
decliners led
Friday – strengthened,
advancers led
SPY down 1.72 at 208.35 on 115.9 million shares
VIX up 1.26
at 13.77…
TNX down .34 at 22.34…
TLT up 1.08 at 122.73…
XLF down .09 at 25.15…
AAPL up .25 at 115.13 on 52.8
million shares
FB down 1.32 at 95.12 on 42.2 million
shares
Technical Commentary:
DIA -0.65%, SPY -0.82%, IWM -1.35%, QQQ
-1.60%.
Earning announcements continue to generate
buying and selling depending on institutional expectations and results. As with every earnings season there are many winners and many
losers.
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 Aug 3
AIG, ALL, CAR, CTRP, SUM, VMC, AXTA, DIS, ETSY, FSLR, KBR, LC, MGM, NCLH, Z,
FIT, GMCR, HABT, PCLN, SEDG, TSLA, GOGO, MBLY, MNST, MYL, SUNE, UBNT, JCP, JD
Q1 Earnings Reaction
Positive Reactions – CAR, CTRP, KBR, MGM, VMC, EXPE, CCE, MOH, YRCW,
WAGE, COLM, RCL, WETF, TPX, WU, AEE, FE, PKI, TUC, AMGN, VLO, UHS, WDC, AEL,
ALGT, EEFT, GILD, JBLU, SHOP, SKX, X, SSNC, BWLD, PODD, SVU, NUVA, SCTY, ULTI,
WYNN, CTRP, FISV, SLCA, SPWR, NCLH, AMZN,
P, MXIM, JNPR, V, SBUX, LUV, QLIK, 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% - EXPE, CCE, MOH, YRCW, WAGE, COLM, SHOP, SKX, X, SSYS,
BWLD, SVU, P, FTNT, SNDK, GOOG, GOOGL, HTZ, NFLX,
Negative Reactions – AIG, ALL, AXTA, NCLH, LNKD, FEYE, OCN, ESI,
FB, MAR, SSYS, TWTR, YNDX, YELP, BIDU, 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% - ALL, LNKD, OCN, ESI, WFM, TWTR, YELP, BIDU, 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 = 211.45, 212.55...
QQQ = 113.17, 114.39…
IWM = 123.71, 125.09…
Support Levels
SPY = 210.82, 206.80...
QQQ = 110.62, 109.78…
IWM = 121.01, 120.27...
The SPX Market Forecast is turned down at 58 defensive.
__________________
Setups
Horizontal Breakout: GPRO,
UBNT, CREE, EMC, SFUN, AAL, BIDU,
Diagonal Breakout: ETFC, QIHU, SINA, SUM,
Bull Flag: AMBA, CCL, DAL, MFRM, NCLH, SHAK, SHOP, UAL,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: ETSY, SEDG, ILMN, WBA, YHOO,
C- Pattern:
Moves
New Highs:
H Breakout: YY,
D Breakout: KNDI,
Bull Flag Bounce:
MACD Divergence Bounce:
VXX, DDD, UPL, XONE, ZU,
Bounce: SLCA, X, Z, ATI, SSYS,
Gap Up: ZU,
Gap Down: HABT, BBY, GMCR, TSLA,
C- Pattern:
Bear Flag:
Support Break: QQQ, SPY, CIEN, CRM, GLNG, JUNO, PANW, SCTY, GOGO, KKD,
YNDX, CELG, TRIP,
______________________
Watch List Stocks
Leading stocks > +2% on Thursday: SLCA, Z, X, YOKU, VXX,
Lagging stocks < -2.0% included: SUNE, FIT, HABT, SEDG, PANW, SCTY, SHAK, W,
SPWR, GIMO, SONC, JD, GLNG, EXPE, JUNO, FOGO, SVXY,
11 of 100
NDX stocks closed higher on Thursday and one
was unchanged.
Leading NDX 100 stocks included: DISCA, NFLX
Lagging NDX stocks included: GMCR, VIAB, TSLA, VIP, FOXA, BMRN, MNST, BIIB,
JD, ALXN
NDX Stocks to Watch on
Friday
Moving Above 30 DMA = 0
Moving Below 30 DMA = 12
ADP, ALXN, ESRX, GILD,
HSIC, INTU, QCOM, TSLA, GMCR, TSCO, BMRN, JD
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral/Down
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