Friday, October 30, 2015

SPX Best Month Since 2011...FSLR, LNKD, EXPE, ABBV Gap Higher on EPS...

Four sectors moved higher on FridayXLE, XLU and XLY were the strongest sectors while XLF was the weakest sector.  

For the week XLV, XLY and XLB were the only sectors that rose.  XLF was down slightly.
                   (click image to enlarge)

Breadth strengthened on the NYSE as advancers led decliners 1.17 to 1 on the NYSE and 1.40 to 1 on the NASDAQ decliners led advancers.

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


SPY down .90 at 207.93 on 131 million shares
VIX up .46 at 15.07…
TNX down .22 at 21.51…
TLT up .92 at 122.78…on 11.8 million shares
XLF down .35 at 24.08…on 51 million shares

AAPL down 1.03 at 119.50 on 49.3 million shares
FB down 2.91 at 101.97 on 33.4 million shares

Technical Commentary:
SPY -0.43%, QQQ -0.45%, IWM -0.46%, DIA -0.50%.
                   (click image to enlarge)


The broad markets SPY, QQQ, DIA exhibited slowing momentum both on Friday and for the week.  This should be expected with SPY returning to the middle of its sideways consolidation channel from February to August.  Be prepared for a potential short-term pull back going into next week, perhaps forming another bull flag.
                  (click image to enlarge)

Short-term Chart Targets:
SPY =...209.59, 211.05
QQQ = 114.11, 118.17
IWM = 117.14, 118.55…

Support Levels
SPY = 205.79
QQQ = 112.27
IWM = 113.10

The SPX Market Forecast is at 96.

FB will report earnings Wednesday after the close and saw profit-taking on Friday after LNKD blew away its earnings estimates.

Big money continued to rotate money to earnings winners like FSLR, LNKD, EXPE, ABBV, TRMB and NUS
                   (click image to enlarge)

…and rotate money from earnings losers like SCTY, EA, CVS and AKAM
                  (click image to enlarge)


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

Earnings this past Week:
Monday – BRCM, CHKP, GLW, PBR, SOHU, SWI
Tuesday – AAPL, AKAM, BMY, DD, FISV, GILD, GRUB, JBLU, PCAR, TWTR, SLCA, UHS, VDSI, VRSK, YNDX, MRK, PFE, CMCSA, ESRX,
Wednesday – AMGN, AXTA, BWLD, CAVM, GRMN, GD, GPRO, MCHP, NXPI, ORLY, PYPL, VLO, VLKAY, YELP, MAR, CRUS,
ThursdayAET, ALXN, MO, BIDU, CME, DB, EA, EXPE, FSLR, GT, LC, LNKD, MA, MGM, SCTY, TPX, VA, WWE
FridayABBV, CBOE, CVX, CVS, XOM, MYL

Earnings next Week:
Monday – AIG, ZU
Tuesday – ATVI, AFSI, ADM, CBS, CHK, DVA, DISCA, EXPD, HLF, K, MBLY, NCLH, PZZA, PAYC, TASR, X, VMC
Wednesday – FB, CTSH, DDD, CDW, EPAM, ETSY, FEYE, HABT, LMCA, LVNTA, MRO, MSI, SHOP, SUNE,
Thursday – MNST, NVDA, TRIP, ACAD, APA, CYBR, DWA, GLOB, LBTYA,
Friday – CI, HUM, VIP
__________________

Setups
Horizontal Breakout: BABA (long term), FIT, JBL, LVS, MPEL, NTES, SCHW, SOHU, TPX, ULTA, SLCA, ADBE, ESRX, ROST,
Diagonal Breakout: IBM, JBLU, MBLY, PANW, SUM, VXX, X, SHAK, TAN, NFLX,  
Bull Flag: IWM, AIG, BAC, BX, C, ETFC, FAS, JUNO, SONC, STI, AXTA, KNDI, XONE, CELG, EA, EBAY, INTC, MSFT, TXN, XLNX
                   (click image to enlarge)
At Support: UBNT, TSLA

Moves
New Highs: CCL   
D Breakout: CYBR,     
Bull Flag Bounce: CTRP, DAL, RCL, UAL, TRIP, CY   
MACD Divergence Bounce: BBY, SWKS,      
Bounce: UNG, UPL, VIAB,   
Gap Up: EXPE, FSLR, LNKD, BIDU, PCLN,      
Gap Down: SCTY, SEDG
Support Break: RUN, FEYE
______________________


45 of 100 NDX stocks closed higher on Friday and two were unchanged.

81 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
AVGO, BBBY, BRCM, DLTR

Moving Below 30 DMA = 0


6-month Intermediate Term Market Trend: Neutral
3-day Short Term Market Trend: Down




Could This Month End In the Best Monthly Gains In 4 Years...This Trading Day Will Tell...Stock Futures Modestly Up Prior To Open...After Reported Earnings FSLR Gains 12.02% & LC 11.23%...SCTY Disappoints And Skids Down 17.70%...

BMO – ES + 4.25…and NQ + 9.25…stock futures point to a HIGHER open…


SPY is …up .57…

XLF is down .04…
Euro is up 21 pips…
TLT is …up .04…

Quoting Up: FSLR, LC, EXPE, CYBR, CRUS, PANW, MBLY, QIHU, BIDU, ESRX, LVNTA, VRTX, AMAT, BIIB, PCLN

Quoting Down: SCTY, SEDG, SUNE, RUN, ADSK, VIAB, WYNN, ORLY, EA, ILMN, WBA, TSLA

Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…


Thursday, October 29, 2015

Stocks Fail To Hold Onto Gains...End Slightly Lower...Consolidation...

Five sectors moved higher on ThursdayXLE, XLV and XLY were the strongest sectors while XLU was the weakest sector.

Breadth weakened on the NYSE as decliners led advancers 1.55 to 1 on the NYSE and 1.89 to 1 on the NASDAQ.

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


SPY down .12 at 208.83 on 90.4 million shares
VIX up .28 at 14.61…
TNX up .81 at 21.73…
TLT down 1.97 at 121.86…on 12.1 million shares
XLF down .03 at 24.43…on 39.3 million shares

AAPL up 1.26 at 120.53 on 51.1 million shares
FB up .68 at 104.88 on 20.2 million shares

Technical Commentary:
IWM -1.07%, DIA -0.17%, QQQ -0.16%, SPY -0.06%.



Short-term Chart Targets:
SPY =...204.15, 205.38
QQQ = 108.46, 109.03
IWM = 116.30, 118.55…

Support Levels
SPY = 201.92, 198.94...
QQQ = 105.49
IWM = 112.66...


The SPX Market Forecast is at 97.


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


Earnings this Week:
Monday – BRCM, CHKP, GLW, PBR, SOHU, SWI
Tuesday – AAPL, AKAM, BMY, DD, FISV, GILD, GRUB, JBLU, NCLH, PCAR, TWTR, SLCA, UHS, VDSI, VRSK, YNDX, MRK, PFE, CMCSA, ESRX,
Wednesday – AMGN, AXTA, BWLD, CAVM, GRMN, GD, GPRO, MCHP, NXPI, ORLY, PYPL, VLO, VLKAY, YELP, MAR, CRUS,
Thursday – AET, ALXN, MO, BIDU, CME, DB, EA, EXPE, FSLR, GT, LC, LNKD, MA, MGM, SCTY, TPX, VA, WWE
Friday – ABBV, CBOE, CVX, CVS, XOM, MYL, PSX,


__________________


Setups
Horizontal Breakout: IWM, AIG, BX, CRM, FSLR, JBL, LVS, MPEL, MS, NKE, RPD, SCHW, SVXY, ULTA, W, SLCA, CMCSA, ESRX,
Diagonal Breakout: AA, BBY, MBLY, PANW, SUM, SUNE, TASR, TPX, X, HABT, LOCO, SHAK, TAN,
Bull Flag: CTRP, DAL, EXPE, RCL, AXTA, UAL, INTC, MSFT, TRIP, TXN, XLNX,
Potential Bullish Divergence: 
Gap Up
Gap Down:
Bear Flag:
At Support:  
C- Pattern:  

Moves
New Highs: CCL, AMZN, FB, GOOGL, PCLN,    
H Breakout: ZION,     
D Breakout: VSLR,    
Bull Flag Bounce:    
MACD Divergence Bounce:       
Bounce: HOG,  
Gap Up: SPWR, WYNN,     
Gap Down: GPRO,    
C- Pattern:    
Bear Flag:  
Support Break: SWKS,

______________________


39 of 100 NDX stocks closed higher on Thursday and one was unchanged.

77 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
CHTR

Moving Below 30 DMA = 4
AVGO, BRCM, MU, NXPI

6-month Intermediate Term Market Trend: Neutral
3-day Short Term Market Trend: Neutral/Down






Stock Futures Enter Red Before The Morning Bell...GDP Slows to 1.5% Growth...Jobless Claims Stay Low at 260K...Rise Only 1K...Earnings Disappoint For NXPI...Down 17.56%...And GPRO Down 17.91%...

BMO – ES – 7.00…and NQ – 25.00…stock futures point to a LOWER open…


SPY is …down .69…

XLF is down .08…
Euro is up 10 pips…
TLT is …down .66…

Quoting Up: MYL, VRTX, WYNN, ORLY, AMGN, BMRN, PCLN, MPEL, LVS, FSLR

Quoting Down: NXPI, ESRX, SWKS, VIAB, AVGO, ALXN, MAR, AKAM, BRCM, VOC, TXN, GPRO, LC, AMBA, PYPL, CRM, CYBR

Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…


Wednesday, October 28, 2015

DJIA Has Highest Close Since July...Up Almost 200 Points...QQQ Makes Record High...SPY Has Bull Flag Bounce...GPRO Earnings Miss Estimates...Down 17.41% In After Hours Trading...

Seven sectors moved higher on WednesdayXLF, XLE and XLB were the strongest sectors while XLU was the weakest sector.

Breadth strengthened on the NYSE as advancers led decliners 3.74 to 1 on the NYSE and 3.71 to 1 on the NASDAQ.

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


SPY up 1.14 at 208.95 on 135.7 million shares
VIX down 1.10 at 14.33…
TNX up .64 at 20.92…
TLT down .50 at 123.83…on 8.4 million shares
XLF up .56 at 24.46…on 91 million shares

AAPL up 4.72 at 119.27 on 85.5 million shares
FB up .50 at 104.20 on 24 million shares

Technical Commentary:
QQQ +0.83%, SPY + 1.14%, DIA + 1.14%, IWM + 2.92%.



Short-term Chart Targets:
SPY =...204.15, 205.38
QQQ = 108.46, 109.03
IWM = 116.30, 118.55…

Support Levels
SPY = 201.92, 198.94...
QQQ = 105.49
IWM = 112.66...


The SPX Market Forecast is at 97.


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


Earnings this Week:
Monday – BRCM, CHKP, GLW, PBR, SOHU, SWI
Tuesday – AAPL, AKAM, BMY, DD, FISV, GILD, GRUB, JBLU, NCLH, PCAR, TWTR, SLCA, UHS, VDSI, VRSK, YNDX, MRK, PFE, CMCSA, ESRX,
Wednesday – AMGN, AXTA, BWLD, CAVM, GRMN, GD, GPRO, MCHP, NXPI, ORLY, PYPL, VLO, VLKAY, YELP, MAR, CRUS,
Thursday – AET, ALXN, MO, BIDU, CME, DB, EA, EXPE, FSLR, GT, LC, LNKD, MA, MGM, SCTY, TPX, VA, WWE
Friday – ABBV, CBOE, CVX, CVS, XOM, MYL, PSX,


__________________


Setups
Horizontal Breakout: AA, BX, CRM, NKE, NTES, SCHW, SONC, CREE, KNDI, RAX, EBAY, LRCX,
Diagonal Breakout: BBY, FIT, TASR, TPX, SHAK, JD, TSLA,
Bull Flag: CTRP, DAL, EXPE, AXTA, PCLN, TRIP,
Potential Bullish Divergence: 
Gap Up
Gap Down:
Bear Flag:
At Support:  
C- Pattern:  

Moves
New Highs: QQQ, JNPR, V, VRSN, VIAV, AMZN, EA, FB,   
H Breakout: IWM, BABA, BAC, C, ETFC, QIHU, SOHU, ULTA, ZION, GLUU, GLW, YNDX, ADSK, CELG, MYL,    
D Breakout: AMBA, CYBR, GPRO, PLAY, DAVE,   
Bull Flag Bounce: SPY, CRUS, FAS, GME, JBL, LC, SINA, STI, TSL, W, CAR, GIMO, JASO, AAPL, AVGO, BRCM, INTC, NTAP, QCOM, ROST,   
MACD Divergence Bounce: IBM, PANW, ASNA, FEYE, FOGO,      
Bounce: CSIQ, FSLR, HPQ, JCP, MBLY, MS, RPD, RUN, SUM, SUNE, UBNT, VSLR, X, ATI, DDD, DGLY, ESI, GLNG, HABT, KKD, LOCO, MFRM, SCSS, SPLK, SPWR, SSYS, TAN, VJET, XONE, YY, GMCR, WYNN,
Gap Up: AIG, SLCA,    
Gap Down: AKAM,   
C- Pattern:    
Bear Flag:  
Support Break:

______________________


80 of 100 NDX stocks closed higher on Tuesday and one was unchanged.

80 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 5
AVGO, BRCM, MU, WYNN, NFLX

Moving Below 30 DMA = 3
AKAM, VRSK, WBA

6-month Intermediate Term Market Trend: Neutral
3-day Short Term Market Trend: Neutral



Tuesday, October 27, 2015

WBA to Buy RAD for $17 Billion...Markets Drift as Biotech Gains...AAPL Reports...FOMC to Report Wed 2 pm ET...

Two sectors moved higher on TuesdayXLV, XLP and XLU were the strongest sectors while XLE was the weakest sector.

Breadth weakened on the NYSE as decliners led advancers 2.85 to 1 on the NYSE and 2.44 to 1 on the NASDAQ.

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


SPY down .19 at 206.60 on 77.8 million shares, 39% below average volume
VIX up .14 at 15.43…
TNX down .30 at 20.28…
TLT up .31 at 124.33…on 7.1 million shares
XLF down .14 at 23.90…on 23.2 million shares, 36% below average volume

AAPL down .73 at 115.40 on 69.7 million shares, 41% above average volume
FB down .07 at 103.70 on 23.7 million shares, 14% below average volume

Technical Commentary:
QQQ +0.20%, SPY – 0.19%, DIA -0.20%, IWM -1.10%.

SPY pulled back on below average volume for a second day ahead, of the FOMC announcement on Wednesday at 2 pm ET, while forming a bull flag patternDIA is also in the second day of a bull flag pattern, while IWM pulled back from resistance in a sideways trading range.

QQQ/NDX inches higher for second day this week on gains in biotech’s BIIB, GILD, AMGN, REGN, VRTX, ALXN and CELGBIDU, AMZN, YHOO, MYL, CERN, CSCO, COST and MAR also add to gains.

RAD +2.59, +42.60% and WBA +5.68, +6.35 gained following the announcement that WBA would buy RAD for $17.2 billion in cash.

Tuesday earnings after the close:
AAPL +0.70, +0.61%, barely moves in after-hours on earnings beat.
AKAM -9.76, -12.92%  
TWTR -3.98, -12.70%  
VRSK -1.33, -1.44%
ESRX -1.05, -1.25%

The SPX Market Forecast is at 94.

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

Earnings this Week:
Monday – BRCM, CHKP, GLW, PBR, SOHU, SWI
Tuesday – AAPL, AKAM, BMY, DD, FISV, GILD, GRUB, JBLU, NCLH, PCAR, TWTR, SLCA, UHS, VDSI, VRSK, YNDX, MRK, PFE, CMCSA, ESRX,
Wednesday – AMGN, AXTA, BWLD, CAVM, GRMN, GD, GPRO, MCHP, NXPI, ORLY, PYPL, VLO, VLKAY, YELP, MAR, CRUS,
Thursday – AET, ALXN, MO, BIDU, CME, DB, EA, EXPE, FSLR, GT, LC, LNKD, MA, MGM, SCTY, TPX, VA, WWE
Friday – ABBV, CBOE, CVX, CVS, XOM, MYL, PSX

__________________

Setups
Horizontal Breakout: BAC, BX, QIHU, ULTA, RAX, TWTR, UAL, YNDX, ADSK, CELG, EBAY, GILD,
Diagonal Breakout: VXX, CREE, YELP,  
Bull Flag: SPY, SVXY, C, CRM, DAL, ETFC, FAS, GME, NKE, SINA, STI, TSL, VRSN, AAPL, AVGO, INTC, QCOM, GOOGL, WFC, MXIM, ADI
                   (click image to enlarge)
Gap Down: AKAM, TWTR
At Support: CRUS, JCP, BBRY, SWKS, WDC

Moves
New Highs: CCL, NDLH, RCL,  
H Breakout: JUNO, GLW, AKAM, MAR, WBA,  
D Breakout: MYL,  
Bull Flag Bounce: W,  
MACD Divergence Bounce:  AMBA 
Gap Up: BABA, YHOO,   
Gap Down: CIEN
Support Break: BBY, IBM, LC, SEDG

______________________


38 of 100 NDX stocks closed higher on Tuesday and two were unchanged.

78 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
BIIB, MYL, BMRN

Moving Below 30 DMA = 5
AVGO, BBBY, CHRW, PCAR, WYNN

6-month Intermediate Term Market Trend: Neutral
3-day Short Term Market Trend: Down