Three of ten sectors moved higher on Friday …XLY, XLP and XLK were the strongest
sectors while XLV was the weakest sector. Oil futures rose .39
to close
at 51.00.
For the week ended October 21 eight of
ten sectors moved higher,
XLB +1.60%,
XLF +1.18%, XLY +0.89%, XLRE +0.57%, XLE
+0.56%, XLU +0.52%,
SPY +0.40%,
Lagging sectors XLK +0.34%, XLV +0.13%, XLP
-0.27%, XLI -0.42%,
YTD 204
Leading Sectors: XLE +16.36%, XLK +10.97%,
XLU +10.91%, XLB +8.38%,
XLI +7.51%,
SPY +4.96%,
Lagging Sectors: XLP +3.45%, XLY +1.83%, XLF
+1.55%, XLRE +0.51%,
XLV -3.22%
Breadth strengthened
as advancers led 1,539 to 1,469 on
the NYSE and decliners led 1,498 to 1,239 on
the NASDAQ.
Friday
– strengthened, advancers led on
the NYSE, +3
Thursday – weakened, decliners led, +1
Wednesday – weakened slightly, advancers led, +7
Tuesday –
strengthened, advancers led, +10
Monday – weakened, decliners led, +3
SPY up
.10 at 213.98 on 89.0 million shares, 8%
below average volume
VIX down .41
at 13.34
TLT up
.20 at 133.31…on 9.2 million shares, 11% above average volume
Technical Commentary:
QQQ +0.37%, SPY +0.05%, DIA -0.18%, IWM -0.05%,
SPX
futures moved lower Thursday night and SPY opened lower and moved slowly
higher for the rest of Friday finishing up 10 cents. VIX closed
lower and did confirm Friday’s slightly
higher close. SPY had
a $1.32 moderate daily range on monthly expiration Friday.
The SPX/SPY
three-month
sideways trend continues with Friday’s close at the 38% level of its current
range.
SPX Leaders: RAI, PYPL, TWX, VRSN, SNI, ETFC, ROK, MSFT, SYF, CCI, DISA, NFLX, MCD, MO, VIAB, MPC, EXPE, KSS, KLAC, FOXA, CBS PRGO, R and CRM
FB +2.07, +1.59 hits a new all-time closing high.
PYPL +4.06, +10.13% gaps up on positive earnings
reaction and hits a new all-time closing high.
MSFT +2.41, +4.21% gaps up on positive earnings
reaction and hits a new all-time closing high.
Institutional
activity continues to indicate that
last quarter’s trend on stock selectivity based
on quarterly results as opposed to industry or sector rotation is a primary driver of price action.
So far the real determinate to market movement this week is the
institutional reaction to earnings announcements.
Earnings Announcements
Monday
– PCAR, SONC, TMUS, V, ZION
Tuesday – MMM, AKS, AKAM, AAPL, T,
BHI, CMG, EW, ESRX, FCX, GM, JBLU, JNPR, KEY, LMT, P, PNRA, SKYW, SAVE, UA,
VLO, VRTX, WHR,
Wednesday – BA, KO, CMCSA, FFIV, GD,
NEM, NXPI, ORLY, LUV, STT, TSLA, WDC,
Thursday – AET, GOOGL, MO, AMZN,
AMGN, BIDU, BX, CA, CRUS, CLF, COP, DOW, EXPE, LNKD, POT, TWTR, UPS, VRSN,
Friday – XOM, PSX, RCL, UBS
EPS Positive Reactions
MCD, PYPL, MSFT, MXIM, AXP, SNA, MAT, BK, STLD, WBA, ALK, URI, HAL, MS, USB, NFLX, HOG,
UNH, GS, CE, DPZ, CMA, UAL, HAS, DAL, CSX, COST, RHT, FDX, ADBE
EPS Negative Reactions
MCO, EBAY,
TRV, LRCX, TSCO, INTC, ISRG, ST, JNJ, IBM, AA, FAST, ILMN, MU, PAYX, CCL
EPS Neutral Reactions
AAL,
NUE, XLNX, CTXS, LLTC, BAC, C, JPM, PNC
Consider
moving up stops on short term bullish trades that
could pull back. All according to your profit protection rules.
Remember
breakouts typically test about 70% of the time.
Technical analysis based trades should be closed before earnings. After-hours
Trade
what you see, not…
Stocks below support should generally be traded bearishly until a reversal pattern forms.
______________________
Strong Stocks: Setups and Moves You Can Use
Bull Flag Setups include: HAL, NTES, ULTA, WB, AAPL, SWKS, WDC, FL, CSX, LVS,
HA, DISH, STI, NXPI, LITE, DVN, RCL, APA, NFX, SE,
Bull Flag Bounces include: ETFC, AMZN, CCL,
Horizontal Breakout Setups include: ETFC, QCOM, SLCA, X, AKS, ZION,
C, JPM, USB, CHK, DAL, DO, RIG, ADBE, CTRP, NCLH, SCHW, ADSK, HAS, JBLU, SOXL,
NVDA, CAVM, WRK
Horizontal Breakouts include: MS, MLM, WHR, UAL, STLD,
New Highs include: FB, NFLX, DPZ, SCHN, AKAM, BAC, GS, LUV, SAVE, EXPE,
FSLR, ALK, DISH, CE, CMA, GOOG, AAL,
______________________
Short-term Movers for the week:
SPX gainers: RAI, HOG, TWX, AXP, BK, HAS, UNH, RIG, VRSN, SNI, SNA, FITB,
FSLR, CMA, NEM, RF, MPC, SYF, PNC, FE, ROK, DHR, URI, MOS, CBG, EMN, KORS, FTI,
ZION, CFG, COF, CBS, PRGO, UAL, MTB, MS, BAC, KEY, WHR, +4, 50
SPX losers: SWN, AIZ, GPC, UNP, NAVI, TRV, CINF, MNK, URBN, COG, GWW,
HPQ, ADS, PG, EQT, MCO, KSU, T, VZ, -4, 23
NDX gainers: NFLX, PYPL, MAT, EXE, AKAM, DISCA, ENDP, FOXA, MXIM, VIAB,
WBA, MSFT, +4, 11
NDX losers: EBAY, INTC, ISRG, CERN, ULTA, -4, 4,
YTD: 204
SPX Leaders:
OKE, NEM, SE, SWN, XEC, RRC, PXD, EW, CXO, PVH, (321, +3 > 10p 200, +0)
SPX Losers: PRGO, FSLR, GCI, SIG,
RCL, HRB, ADS, BMY, KR, AGN,
NDX Leaders:
NVDA, AMAT, NTES, LLTC, CHTR, ULTA, QCOM, NTAP, TXN, YHOO, (59, +3, >10p 38, +0)
NDX Losers: ENDP, SRCL, ALXN, VRTX,
NCLH, REGN, MYL, QVCA, LMCA, GILD
DJI Leaders:
CAT, UNH, MRK, CVX, MMM, WMT, XOM, CSCO, AAPL, JNJ, (19, -2, >10p 10, -2)
DJI
Losers: NKE, DIS,
GE, BA, HD, TRV, MCD, AXP, GS, KO
Trade with the trend of
the chart you are trading and
continue to move your profit protection stops. Continue to follow your rules.
The SPY MFC green line is pointed up at
36, bullish.
44 of 100
NDX stocks closed higher and one was
unchanged on Friday.
48
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 7
DISCA, ENDP, MSFT, SBUX, SIRI, TRIP,
VRSK
Moving Below 30 DMA = 1
ESRX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral
No comments:
Post a Comment