Thursday, December 31, 2015

2015 in Review: Stock Indexes Fall on the Final Day of Trading...2016 is Coming...Happy New Year...

Eight of nine sectors moved lower on Thursday, the final trading day of 2015XLE, XLI and XLB were the strongest sectors while XLK was the weakest sector.  

Breadth strengthened as decliners led advancers 1.64 to 1 on the NYSE and 1.81 to 1 on the NASDAQ.

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


SPY down 2.06 at 203.87 on 114.4 million shares, 3% above average volume
VIX up 0.92 at 18.21…
TNX down .34 at 22.69…
TLT up .54 at 120.58…on 7.8 million shares, 8% above average volume
XLF down .24 at 23.83…on 48 million shares, 19% above average volume

AAPL down 2.06 at 105.26 on 40.8 million shares, 6% above average volume
FB down 1.56 at 104.66 on 18.3 million shares, 7% below average volume

Technical Commentary:
SPY -1.00%, DIA -1.03%, QQQ –1.24%, IWM -1.25%.

2015 closed out a volatile year with near average volume in SPY, DIA and QQQ as advancers increased on both the NYSE (1,155) and NASDAQ (953) but were still led by decliners.


Oil rose 47 cents to close at 37.07Seventeen of the top 20 SPX gainers on Thursday were Energy sector stocks including: SWN, RRC, WMB, OKE, COG, ESV, DVN, CPGX, KMI, MUR, CHK, NFX, NBL, MRO, CNX, HP and EQT.

Markets are closed on Friday, January 1 in celebration of New Year’s Day.  Have a wonderful and safe 3-day Holiday weekend.


The major index ETFs finished the year including dividends with approximate returns of QQQ +9.75%, SPY +1.28%, DIA -0.32% and IWM -3.90%
                       (click image to enlarge)

This is the same order of strength for these ETFs over the past five years.
                 (click image to enlarge)

Many of the market commentators continue to suggest that the bull market is at its end and a bear market has begun.  Do these five year quarterly charts look like the start of a bear market?
                   (click image to enlarge)


2015 NDX Review
The NDX/QQQ  stocks with the largest 2015 gain were:
                  (click image to enlarge)

The NDX/QQQ  stocks with the largest 2015 loss were:
                  (click image to enlarge)

The NDX/QQQ distribution of 2015 one year returns for the 100 stocks on Dec 31 was as follows with 60 stocks with positive returns, 38 stocks with negative returns and two stocks trading less than one year.

Up > 20% = NFLX, AMZN, CTRP, ATVI, NVDA, INCY, GOOGL, SBUX, EA, EXPE, TMUS, ULTA, AVGO, JD, MNST, FB, REGN, ORLY, ADBE, FISV, NCLH, MDLZ, VRSK (23)

Up 10% to 19.99% = LVNTA, MSFT, MXIM, CTXS, EBAY, SIRI, HSIC, BMRN, PAYX, TRIP, ROST, CTSH, COST, PCLN, WBA, LMCA, NXPI (17)

Up 0% to 9.99% = CHTR, DLTR, XLNX, TSCO, TSLA, GILD, CELG, SWKS, VRTX, INTU, ILMN, CHKP, ISRG, ESRX, ALXN, TXN, AMGN, ADP, ADSK, LRCX (20)

Down -0.01% to -9.99% = BIIB, SRCL, CERN, LLTC, CA, VOD, SBAC, INTC, AAPL, MYL, CMCSA, CSCO, KLAC, ADI (14)

Down > -10% = MU, WDC, VIAB, STX, BBBY, NTAP, YHOO, WFM, QCOM, PCAR, FOXA, AMAT, DISCA, SNDK, DISH, AAL, SYMC, BIDU, AKAM, LBTYA, ENDP, FAST, MAR, MAT (24)

Two stocks PYPL and KHC have been trading for less than one year.


The NDX distribution of returns should convince you that:  “It’s a market of stocks, not just a stock market.”


2015 SPX Review
The strongest SPX sectors for 2015 were XLY and XLV, XLB and XLE were the weakest.
                  (click image to enlarge)

NFLX, AMZN and ATVI also led the SPX in 2015.  The next SPX/SPY stocks with the largest 2015 gains were:
                  (click image to enlarge)

The SPX/SPY stocks with the largest 2015 loss were:
                 (click image to enlarge)


2015 DJIA Review
The DJIA/DIA stocks with the largest 2015 gain were:
                  (click image to enlarge)

The DJIA/DIA stocks with the largest 2015 loss were:
                 (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.

The SPX MFC green line is pointed down at 60.

__________________

Setups
Horizontal Breakout: CRM, PLAY, SEDG, VXX, YELP, ADSK, COST, SBUX,
Diagonal Breakout: BABA, ETFC, FAS, PANW, SCHW, SINA, STI, SVXY, V, VRSN, ZION, FB, INTC,
Bull Flag: AA, AIG, BXLT, CAH, CCL, CSIQ, DAL, DPS, DRI, FINL, FIVE, FSLR, JASO, KR, KWEB, MPEL, NTES, RCL, RUN, SCTY, SOHU, SONC, SPWR, SUNE, TBT, TSL, W, WUBA, YNDX, ADBE, AMZN, ATVI, AVGO, GOOGL, ILMN, JD, LRCX, MSFT, MYL, NVDA, MCD, KMB,
Potential Bullish Divergence: CRUS, JBL, LNKD, NKE, QRVO, SLCA, TPX, AAPL, LLTC, NFLX, SWKS, TXN
Bear Flag: MNST

Moves
H Breakout: TSLA
Bull Flag Bounce: TERP

______________________

8 of 100 NDX stocks closed higher and two were unchanged on Thursday.

48 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 1
LBTYA,

Moving Below 30 DMA = 12
ADP, CHTR, COST, CTXS, EA, EXPE, FB, INTC, MXIM, NXPI, PAYX, PCLN,

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

Wednesday, December 30, 2015

Stocks Float on a Sea of Red as Volume Falls...2015 Final Day of Trading on Thursday...Happy New Year...

All nine sectors moved lower on WednesdayXLU, XLP and XLV were the strongest sectors while XLE was the weakest sector.  All nine sector ETFs recorded volume drops of 12% to 60% below average.

Breadth weakened as decliners led advancers 2.45 to 1 on the NYSE and 2.36 to 1 on the NASDAQ.

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


SPY down 1.47 at 205.93 on 63.3 million shares, 42% below average volume
VIX up 1.21 at 17.29…
TNX down .04 at 23.03…
TLT down .12 at 120.04…on 5.5 million shares
XLF down .17 at 24.07…on 15.7 million shares, 60% below average volume

AAPL down 1.42 at 107.32 on 25.2 million shares, 34% below average volume
FB down 1.04 at 106.22 on 13.1 million shares, 33% below average volume

Technical Commentary:
DIA -0.67%, SPY -0.71%, QQQ -0.90%, IWM -1.01%.

EIA weekly Petroleum Status Report showed and increase of 2.6M barrels and oil fell 50 cents to 36.83 on Wednesday leading energy sector stocks lower including: SWN, RRC, CNX, MRO, CHK, COG, DVN, KMI, NBL, RIG, MUR, EQT, APC, ESV, NFX, OKE,HP, COP and HES.

Solar stocks SEDG, SCTY, TERP and FSLR found a little sizzle on Wednesday.

Trading volume continued to fall on Wednesday before New Year’s Eve on Thursday with SPY 42% below average volume, QQQ 33% below average volume, DIA 51% below average volume and IWM 29% below average volume.

Expect volume to continue to be light on Thursday except in the case of 2015 tax-loss selling on some down-trending stocks.  Markets are closed on Friday, January 1 in celebration of New Year's Day.  Have a wonderful and safe 3-day Holiday weekend.


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

The SPX MFC green line is pointed up at 64. 

Short-term Chart Targets:
SPY =...208.49, 209.75
QQQ = 114.94, 115.40…
IWM = 115.56, 117.16…
                   
Support Levels
SPY = 203.94
QQQ = 111.51
IWM = 112.95

__________________

Setups
Horizontal Breakout: IWM, CRM, KR, NTES, PLAY, TBT, W, YELP, ADBE, ADSK, ATVI, AVGO, COST, EBAY, FB, GOOGL, INTC, LRCX, MSFT, MYL, NVDA, ORLY, ROST, SWKS, TSLA, XLNX,
Diagonal Breakout: FAS, ETFC, PANW, SCHW, SOHU, STI, V, VRSN, VXX, ZION
Bull Flag: QQQ, SPY, AA, BXLT, CSIQ, DAL, FINL, FIVE, FSLR, GOGO, JASO, KWEB, MPEL, RUN, SCTY, SOHU, SPWR, SUNE, SVXY, TERP, TSL, YNDX, AMZN, JD,
Potential Bullish Divergence: SLCA
At Support: AAPL, NFLX,
C- Pattern: SBUX

Moves
New Highs: RCL, SEDG, SONC
Bull Flag Bounce: SEDG
Bear Flag: LNKD, TXN
______________________

10 of 100 NDX stocks closed higher on Wednesday.

59 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 0
  

Moving Below 30 DMA = 6
AAL, INTU, PCAR, SBUX, SIRI, YHOO

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

Tuesday, December 29, 2015

Stocks Rally after Consumer Confidence Hits 96.5 vs. 93.6 Estimate in December...Hammer Time Flags Bounce...

All nine sectors moved higher on TuesdayXLK, XLV and XLY were the strongest sectors while XLU was the weakest sector

Breadth strengthened as advancers led decliners 2.82 to 1 on the NYSE and 2.21 to 1 on the NASDAQ.

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


SPY up 2.19 at 207.40 on 92.6 million shares
VIX down .83 at 16.08…
TNX up .82 at 23.07…
TLT down 2.03 at 120.16…on 7.7 million shares
XLF up .25 at 24.249…on 30.9 million shares

AAPL up 1.92 at 108.74 on 30.9 million shares
FB up 1.33 at 107.26 on 17.1 million shares

Technical Commentary:
QQQ +1.57%, DIA +1.14%, IWM +1.08%, SPY +1.07%.

Consumer confidence reached 96.5 in December vs. a forecast of 93.6. November’s reading was 90.4.   All four broad indexes opened higher and finished higher on Tuesday.

Oil moved up 64 cents on Tuesday leading energy sector stocks higher including: CHK, CNX, RIG, COG, PXD, ESV, EQT, BHI and DVN.

NDX +69.73 was lead by gains in AMZN, MSFT, GOOGL, FB, GILD, INTC, CSCO, QCOM, AMGN, AAPL, PCLN, MDLZ, BIIB, TSLA, REGN, CELG and VRTX.

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

The SPX MFC green line is pointed up at 59. 

Short-term Chart Targets:
SPY =...208.49, 209.75
QQQ = 114.94, 115.40…
IWM = 115.56, 117.16…
                   
Support Levels
SPY = 203.94
QQQ = 111.51
IWM = 112.95

__________________

Setups
Horizontal Breakout: SPY, QQQ, IWM, SVXY, FAS, TBT, MYL, PAY, RCL, W, ALB, CREE, CYBR, INTC, KR, LULU, LVS, MAT, NDAQ, DAL, WYNN, NDAQ, PSA, APLE, PYPL, AA, ATVI, FINL, LRCX, EL, CRM, SCHW, STI, YELP, ZION,
Diagonal Breakout: NXPI, PANW,
Bull Flag: SCTY, GOGO, JASO, KWEB, RUN, SEDG, SOHU, JD, BXLT, DRI, FIVE, MPEL, SPWR, SUNE, TERP, TSL,


Moves
New Highs: RCL, AMZN, GOOGL, DPS, CCL, SONC,
H Breakout: RCL, STX, GOOGL, AMZN, DPS, L, CCL, CA, AIG,
D Breakout: FAS, LNKD, SCHW, SVXY, VRSN, CMCSA, AVGO, ETFC, CRM,
Bull Flag Bounce: SPY, FINL, PYPL, AA, CCL, ATVI, CA, EL,
MACD Divergence Bounce: NKE, UPS, NFLX

______________________

98 of 100 NDX stocks closed higher on Tuesday.

65 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 10
CHTR, COST, CTXS, EA, MXIM, PCAR, PCLN, SBUX, SIRI, VRTX  

Moving Below 30 DMA = 0


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

Stock Futures Perk Up Before The Open...Look For Breakouts...

BMO – ES + 14.00 and NQ + 32.25…stock futures point to a HIGHER open…

SPY is …up 1.48…

XLF is up .16…
Euro is down 51 pips…
TLT is …down .42…

Quoting Up: BBBY, QCOM, JD, MU, ATVI, PYPL, NFLX, TSLA, MYL, RUN, SVXY, FAS, CCL, PANW, TERP, CSIQ, W, NKE, BAC

Quoting Down: MDLZ, MPEL, VXX


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

Monday, December 28, 2015

Stocks Under Pressure With Monday Morning Selloff...Lead By XLE...Oil Falls Below $37...

Two of nine sectors moved higher on MondayXLY, XLU and XLF were the strongest sectors while XLE was the weakest sector

Breadth weakened as decliners led advancers 1.58 to 1 on the NYSE and 1.67 to 1 on the NASDAQ.

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


SPY down .47 at 205.21 on 65.7 million shares
VIX up 1.17 at 16.91…
TNX down .18 at 22.25…
TLT up .36 at 122.19…on 7.5 million shares
XLF down .02 at 23.99…on 13.5 million shares

AAPL down 1.21 at 106.82 on 26.6 million shares
FB up .91 at 105.93 on 13 million shares

Technical Commentary:
IWM -0.46%, SPY -0.23%, DIA -0.14%, QQQ -0.05%.

Oil moved down -1.43 on Monday leading energy sector stocks lower including: CNX, CHK, MRO, ESV, KMI, RIG, HP, DO, BHI, MUR, EOG, NBL, HES, DVN, APC, COP, PXD, COG, XEC, HAL and NFX.

AMZN and GOOGL rallied on Monday as did CSRA, NDAQ, NWL, DIS, PSA and ORLY.

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

The SPX MFC green line is pointed up at 49. 

Short-term Chart Targets:
SPY =...207.25
QQQ = 112.69, 114.13…
IWM = 114.94, 115.56…
                   
Support Levels
SPY = 201.55
QQQ = 111.05
IWM = 111.44

__________________

Setups
Horizontal Breakout: STX, GOOGL, AMZN, MYL, PAY, RCL, W, AMZN, ALB, CREE, CYBR, DPS, INTC, KR, L, LULU, LVS, MAT, NDAQ, DAL
Diagonal Breakout: FAS, LNKD, SCHW, SVXY, VRSN, CMCSA, AVGO, NXPI, ETFC
Bull Flag: SPY, PYPL, AA, ATVI, CCL, FINL, SCTY, GOGO, JASO, KWEB, RUN, SEDG, SOHU, JD, LRCX, BXLT, CA, DRI, EL, FIVE
Potential Bullish Divergence: UPS, NFLX
At Support: JUNO, MFRM

Moves
New Highs:  
H Breakout: CSRA, ANET
Bull Flag Bounce: AMZN, NDAQ, PSA, APLE
MACD Divergence Bounce: NKE, DIS,
Bounce: W, AMZN, FB
Gap Down: IWM, AA, BABA, SLCA, YNDX, AAPL, YHOO
Support Break: PANW, BIDU,

______________________

31 of 100 NDX stocks closed higher on Monday.

55 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
AMZN, FB, INTU, SBAC  

Moving Below 30 DMA = 4
COST, PCAR, SIRI, VRTX

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

Thursday, December 24, 2015

QQQ, SPY, DIA Drift Lower on Light Trading...IWM Moves Up...Markets Closed Friday for Christmas Holiday

One of nine sectors moved higher on ThursdayXLV, XLI and XLK were the strongest sectors while XLE was the weakest sector

Breadth weakened as advancers led decliners 1.22 to 1 on the NYSE and 1.25 to 1 on the NASDAQ.

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


SPY down .34 at 205.68 on 48.5 million shares
VIX up .17 at 15.74…
TNX down .21 at 22.43…
TLT up .70 at 121.83…on 3.3 million shares
XLF down .02 at 24.01…on 11.2million shares

AAPL down .58 at 108.03 on 13.5 million shares
FB up .39 at 105.02 on 6.5 million shares

Technical Commentary:
IWM +0.19%, QQQ -0.02%, SPY -0.17%, DIA -0.34%.

Stocks traded in a narrow range with light volume on Thursday’s half day of trading

Markets are closed on Friday for the Christmas Holiday.  Merry Christmas, have a wonderful and safe weekend

NDX gainers included QCOM, FB, GILD, AMGN, ALXN, BIIB, ILMN and NXPI.

SPX gainers included NAVI, CSRA, UAL, NEM, HRS, FCX, WDC, MU, AAL, CHK, FSLR.

MU +0.18, +1.26% rose after Wednesday’s negative earnings reaction.


SUNE +0.53, +9.83% on talks of new credit facility.

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

The SPX MFC green line is pointed up at 40. 

Short-term Chart Targets:
SPY =...207.25
QQQ = 112.69, 114.13…
IWM = 114.94, 115.56…
                   
Support Levels
SPY = 201.55
QQQ = 111.05
IWM = 111.44

__________________

Setups
Horizontal Breakout: IWM, KR, MAT, DPS, MYL, ROST, VRX, PG, ADBE, AMBA, ILMN, JD, LRCX, AIG, BABA, DAL, KWEB, PLAY, RCL, SEDG, YELP, TSL, NTES, CCL, CRUS, FINL,
Diagonal Breakout: SPY, QQQ, NVDA, PANW, SLCA, SVXY,
Bull Flag: ATVI, W, AMZN, EXPE, SCTY, WUBA, RUN, TERP, JASO,
Potential Bullish Divergence: LNKD
Bear Flag: VRSN, TPX,
At Support: NKE

Moves
New Highs: SONC, SPWR, CSIQ,
H Breakout: FSLR, AIG, MPEL
Bull Flag Bounce: SUNE, NTES
C- Pattern: YNDX
______________________

49 of 100 NDX stocks closed higher and three were unchanged on Thursday.

55 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
NXPI, QCOM, SIRIS, VRTX  

Moving Below 30 DMA = 0


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