All ten sectors moved higher on Tuesday …XLU, XLRE and XLI were the strongest
sectors while XLF was the weakest sector. Oil futures slid .12 to close at 44.83.
Breadth weakened as advancers led 1,710 to 1,279 on
the NYSE and led 1,498 to 1,227 on the NASDAQ.
Tuesday – weakened, advancers led, +10
Monday – strengthened, advancers led, +10
Friday – strengthened, advancers led, +4
Thursday – strengthened, decliners led, +4
Wednesday – weakened, decliners led, +0
SPY up
.96 at 214.11 on 104.3 million shares, 17%
above average volume
VIX up
.03 at 18.74
TLT down
.53 at 130.09…on 7.5 million shares, 3% below average volume
Technical Commentary:
QQQ +0.65%, DIA +0.56%,
SPY +0.45%, IWM +0.26%,
SPX gains
8 points to 2,139, in its Sep 9 to Oct 31 trading range
Neutral on the SPX above
2,115
VIX remains steady as America heads to the polls to vote
IWM,
QQQ, SPY, DIA all rise for the second straight day
NDX
point leaders PCLN, FB, AAPL, GOOGL, KHC, MDLZ, CMCSA and CHTR
FB +1.69% rallies
for the third straight day following Thursday’s earnings bearish gap
Airline
stocks JBLU, UAL, HA, SAVE, DAL, VA, LUV, AAL and ALK fly higher on Tuesday.
Steel
stocks AKS, X, ATI, SCHN, STLD, NUE and SCHN push higher on Tuesday.
SPX Leaders: FCX, PCLN, JCI, AA, MOS, MDLZ, CTL, LVLT, CPB, CHD, GIS,
OKE, EMR, MCHP, AET, ANTM, SYY, MAR, KHC, K, NWL, JBHT, UHS, XL, TRV, CNC, HUM,
CXO, R, PSA, UPS, WBM, KIM, CI, CHTR, AYI, WHR, MLM and COST
Tuesday’s
earning winners included QVCA, PCLN,
JCI and MAR. Losers included
CVS, ENDP, NWSA, ALB, IFF and EXPD.
EPS Positive Reactions
QVCA,
PCLN, JCI, MAR, SYY, FDC, RACE, CTSH, PCLN, LVS,
UBNT, SLCA, SBUX, MCHP, FOSL, CAR, RIG, DDD, YELP, SHOP, ABC, SQ, HSIC, ZTS,
DVN, NBL, ANTM, ADP, EA, VRSK, ADM, HRS, MOS, CHKP, COH, TSO, RCL, HBI, SRCL, HSY, EMN, VRSN, UBS,
BIDU, CRUS, EXPE, MO, CVX, FFIV, WDC, COP, DOW, AKAM, JNPR, BA, NCR, OI, FLIR,
ROL, TSS, LMT, KEY, FCX, VLO, BHI, SAVE, AKS, TMUS, 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
CVS,
ENDP, NWSA, ALB, IFF, EXPD MNST, ATVI,
FSLR, WYNN, CS, APA, FB, UVE, AIG, CHTR, PAYC, DATA, CAVM, BABA, X, GILD, HLF,
ILMN, NFX, DO, SCTY, AMZN, MCK, ABC,
CAH, GT, ABBV, LM, COG, CA, AMGN, AET, LITE, XOM, CLF, ORLY, NEM, POT, AAPL,
EW, CMG, LUV, CMCSA, UA, P, WHR, PNRA, JBLU, GM, MMM, NLSN, WAT, SHW, MAS, PNR, MCO, EBAY, TRV, LRCX, TSCO, INTC,
ISRG, ST, JNJ, IBM, AA, FAST, ILMN, MU, PAYX, CCL
EPS Neutral Reactions
SWKS, LBTYA, CI, QCOM, FOXA, GOOGL,
PSX, SKYW, BX, CA, TWTR, UPS, TSLA, MO, NXPI, STT, GD, KO, ESRX, VRTX, PCAR, 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: AKAM, PYPL, NEM,
Bull Flag Bounces include: RCL, NCLH, SAVE, NVDA, WDC,
NFLX, QCOM, MXIM,
VRSN,
STI, EXPE, HSY, NTES,
Horizontal Breakout Setups include: X, SCHN, MS, BAC, USB, CE, LUV,
PCAR, CMA, ALK, C, AMZN, ZION, STI, MXIM, TMUS, MSFT, DPZ, HAS, CMCSA,
Horizontal Breakouts include: MDLZ, JPM, CCL,
New Highs include: GS, DAL, UAL, AAL, CC, SQ, STLD, MLM, AKS, NUE,
Horizontal Break of Support Setups include: CAVM, DLTR,
ULTA, JD, TSLA, CTRP,
Break of Support: DO, ATVI, COST, BBBY, BIDU, CERN,
______________________
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
26, bullish.
65 of 100
NDX stocks closed higher and one was
unchanged on Tuesday.
53
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 10
BIIB, CHTR, DISH, GOOG,
INTU, KHC, LBTYA, MAT, NCLH, TXN,
Moving Below 30 DMA = 2
TRIP, WBA,
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
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