Two of ten sectors moved higher and one was unchanged on Friday …XLE, XLRE and XLF were the strongest
sectors while XLV was the weakest sector. Oil futures up .82 to close at 46.32.
Breadth weakened as decliners led 1,593 to
1,426 on the NYSE and advancers led 1,500 to 1,265 on the
NASDAQ.
For the week ended November 18, eight of
ten sectors moved higher.
XLE +2.40%,
XLF +2.26%, XLY +1.86%,
XLK +1.35%,
SPY +0.96%,
Lagging sectors XLU +0.56%, XLRE +0.47%,
XLI +0.41%, XLB +0.35%,
XLP -0.08%, XLV -1.06%,
YTD 224
Leading Sectors: XLE +17.92%, XLI +15.64%,
XLF +14.52%, XLB +11.29%,
XLK +10.58%,
SPY +7.18%,
Lagging Sectors: XLU +6.95%, XLY +3.89%,
XLP +0.02%, XLV -3.23%,
XLRE -5.50%
Friday
– weakened, advancers led on
the NASDAQ, +2
Thursday – strengthened, advancers led, +7
Wednesday – weakened, advancers led, +3
Tuesday –
strengthened, advancers led, +8
Monday – weakened, advancers led, +6
SPY down
.49 at 218.50 on 86.2 million shares, 9% below average volume
VIX down
.50 at 12.85
TLT down
.35 at 120.80…on 13.5 million shares, 41% above average volume
Technical Commentary:
IWM +0.53%, SPY -0.22%, QQQ -0.37%, DIA
-0.44%,
IWM
new all-time highs on monthly option expiration Friday.
SPY closes at resistance on a test after its new high close on Thursday
SPY
is a horizontal resistance breakout test
SPX down 6 points at 2,181
SPX Leaders: ROST, WDC, WY, CRM, MOS, GCI, SPLS, COP, YUM, DVN, CMG,
HBAN, CTL, WYNN, LOW, PLD, INTU, DSU, RIG, FTR, FIS, SWN, DLR
VIX
did NOT confirm the SPX pullback
QQQ
in sideways trend pulling back at short-term
resistance
NDX point gainers: AMZN, ROST,
QCOM, CSCO, INTU, AAPL, WDC, TXN, and NVDA
Steel
stocks pause after strong 12-day
rally.
Airline
stocks HA, AAL, DAL, LUV ALK and UAL
continue rising on Friday.
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.
2016
Q3 EPS, Oct - Nov
EPS Positive Reactions
ROST,
INTU, BBY, NTAP, TGT, AAP, JD, NVDA,
KSS, M, JWN, RL, DDS, QVCA, JCI, MAR, SYY, FDC, RACE, CTSH, PCLN, MGM, LVS, UBNT, SLCA, SBUX, MCHP,
FOSL, MHK, 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, DRI, CSX, COST, RHT, FDX, ADBE
EPS Negative Reactions
CSCO,
LOW, HD, TJX, KORS, NTES, TRIP, 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
______________________
SStrong Stocks: Setups and Moves You Can Use
Bull Flag Setups include: CSX, NTAP, BBBY, CHTR, MAR, NCLH, NFLX, PAYX, PCAR,
PCLN, WFM, XLNX, AXP, BA, CAT, JPM, MMM, UNH, UTX, LMT, MLM, HAS, HIG, ICE, STI,
RCL, JWN, TGT, AKS, ATI, NUE, SCHN, CE, FTI, PWR, BIIB, BMRN, ESRX, GILD, INCY,
REGN, VRTX, BBY, FOSL, SWN, AAP, SLB, DVN, MCHP
Bull Flag Bounces include: ZION, TRV, CHTR,
Horizontal Breakout Setups include: STX, WDC, LNG, TMUS, SQ, DAL,
ALK, LUV, SAVE, WFC, HSY, COST, DISCA, EXPE, FOXA, JD, MXIM, HAL, BHI, CHK, HES,
APA, MUR, RRC, AKAM, CHKP, CTSH, CTXS,
Horizontal Breakouts include: USB, ULTA, DLTR,
New Highs include: NVDA, ADP, CC, AAL, UAL, MCD, FDX, MU, LRCX, KLAC, TXN,
MS, GS, SCHW, CMA, CFG, HBAN, RF, ADI, C, CCL, STLD, ADSK, X, SKYW, BAC, ETFC, SBUX,
FISV, CMCSA,
Horizontal Break of Support Setups include: CSCO,
AMZN, MDLZ, GOOGL, TSLA,
Break of Support: FB, NEM, NTES, TRIP, ATVI, CERN,
______________________
Short-term Movers for the week:
SPX gainers: HAR, BBY, UAL, CNC, MUR, AAPL, SPLS, HP, CHK, WYNN, WY,
FOSL, RIG, APA, FTR, LUV, HES, SWN, CFG, IPG, HBAN, TGT, KSU, EFX, RF, RRC,
BBT, NFX, IP, EXC, ALK, NOV, PLD, CMA, DAL, LEN, CAG, UNM, TW, OKE, BAC, MCD,
MS, OXY, PNC, DGX, +10, 7, +4, 93
SPX losers: MNK, GPS, FSLR, TDG, AGN, TDC, PVH, SYMC, TIF, WAT, PSA,
ETN, VMC, VFC, MLM, KORS, EXR, F, ABBV, -4, 21
NDX gainers: LMCA, JD, NTAP, MU, AAL, LRCX, LBTYA, ROST, AMAT, NVDA,
ALXN, STX, QVCA, ISRG, DLTR, MAR, SWKS, ADI, ULTA, SIRI, MDLZ, ADSK, INTU,
DISCA, +4, 26
NDX losers: SHPG, REGN, SYMC, ILMN, -4,
4,
YTD: 224
SPX Leaders:
OKE, FCX, NEM, SE, URBN, MLM, PWR, NAVI, CMI, HPE, (362, +21, > 10p 230, +16)
SPX Losers: FSLR, GCI, TRIP, PRGO,
AGN, HRB, MCK, PBI, SIG, EQR
NDX Leaders:
NVDA, AMAT, CHTR, NTAP, TMUS, MU, ULTA, QCOM, TXN, LRCX, (64, +7, >10p 39, +5)
NDX Losers: ENDP, TRIP, ALXN, SRCL,
MYL, NCLH, ILMN, VRTX, REGN, GILD
DJI Leaders:
CAT, UNH, CVX, JPM, MRK, GS, IBM, MMM, JNJ, WMT (23, +0, >10p 12, +0)
DJI Losers: NKE, DIS, KO, HD, PFE, GE, TRV
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
94, bullish.
36 of 100
NDX stocks closed higher and one was
unchanged on Friday.
62
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 2
QCOM, SRCL
Moving Below 30 DMA = 4
MAT, MDLZ, MYL, ORLY
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
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