Tuesday, February 28, 2017

PCLN Gaps to New All-time High on EPS...Broad Indexes Pause Below Record Highs before President's Address to Congress Tuesday Evening...


Setups to Watch for Wednesday

                  (click image to enlarge)


Technical Commentary

SPY, DIA = Pause day after new all-time High
IWM = fall back to bull flag support
QQQ = Bull Flag pattern


                  (click image to enlarge)
The broad index ETFs gain for the second straight month in 2017.
YTD Feb 28, 2017
QQQ +9.74%
SPY +5.79%
DIA +5.59%
IWM +2.16%


Up Trend: XLF, XLI, XLB, XLY, XLK, XLP, XLU, XLV, XLRE
Sideways:
Down Trend: XLE

Breadth weakened as decliners led 1,913 to 1,084 on the NYSE and led 2,256 to 647 on the NASDAQ.

Tuesday – weakened, decliners led, +2 sectors
Monday – strengthened, advancers led, +5
Friday – strengthened, advancers led on the NYSE, +8
Thursday – weakened, decliners led, +5
Wednesday – weakened, decliners led, +5

On Tuesday:
DIA -0.15%, SPY -0.27%, QQQ -0.31%, IWM -1.54%,

SPY down .64 at 236.47 on 96.8 million shares, 33% above average volume,
VIX up .83 at 12.92
TLT up .62 at 121.74…on 8.4 million shares 9% below average volume

Oil futures were down .04 to close at 54.00 on Tuesday.  


The SPY MFC green line is in the upper zone at 96 bullish

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


SPX and NDX Highlights

SPX down 6 points at 2,363.

SPX  gainers ALB, PCLN, ADM, AES, ENDP, HPE, XRAY, AW, CNP, FE, VRTX, LUK, HRL, ETR, HRB, CELG, SRE, NTAP, OKE, ORLY, AMT, PNW, WEC, HUM, SCG, LNT

QQQ closes down 40 cents at 130.02.
   
NDX point leaders: PCLN, CELG, KHC, TSLA, VRTX, SBAC, BMRN, TMUS, AMGN, AAPL, BIDU, XRAY and ORLY

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

83 NDX stocks are above their 30 DMA.


NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
AAL, WDC,

Moving Below 30 DMA = 5
CMCSA, FAST, INTC, LBTYA, MU,

_______________________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: QQQ, XLY, IWM, FAS, XLI, SOXL,
DD, JPM, PG, IBM, GS,
ADBE, AMAT, CHKP, CTRP, INTU, MAR, NCLH, SBUX, ULTA, YHOO, AMAT, AMZN, ATVI, FB, GOOGL, SWKS, VIAB, PYPL,
SRCL, WIX, SHOP, WB, CC, WFC, RF, HBAN, MS, CLF, VALE, STI, FLEX,

One Day Pullback: AMD, SQ, ADSK, XLK, NVDA,

Bull Flag Bounces include: TMUS, X, (2)

Horizontal Breakout Setups include: AMD, NTAP, NTES, AXP, AAPL, ADI, AVGO, STX, WDC, BAC, ZION, STLD, DE, NUE, MU, LRCX, INTC, TXN, DIS, HIG, CSX, TLT, XLB, ROST, MSFT, MCHP, MXIM, BABA, CAT, SODA, RCL, LNG, NVDA, CCL,

                  (click image to enlarge)

Horizontal Breakouts include: PCLN, UNH,  

New Highs include: PCLN, BA, AAPL, XLP, MCD, GLW, KLAC, SPY, DIA, COST, GD, EBAY, USB, MMM, LUV,

At Support Setups include: PCAR, ETFC, GM, UPS, NRG, MT, FCX, BHI, HES, MGM, GDXJ, HAL, CF,

Support Bounce:

Break of Support: CHK,  


_______________________________


Earnings

This week:
Monday – PCLN, SBAC
Tuesday – ENDP, QVCA, ROST, TGT, AZO, AMBA
Wednesday – DLTR, MNST, BBY, LOW
Thursday – JD, COST, KR
Friday – BIG

Earnings Reports
Positive earnings reactions
ALB +9.05, +9.79%
PCLN +92.12, +5.64%
ENDP +0.36, +2.71%
SBAC +2.98, +2.64%

Negative earnings reactions
TGT -8.14, -12.17%
QVCA -1.07, -5.36%

After-hours reports
AMBA -2.93, -4.97%


2016 Q4 EPS (since Feb 15)
EPS Positive Reactions
ALB, PCLN, ENDP, FL, KSS, INTU, JWN, NCLH, CTRP, WMT, HD, HSIC, XRAY, SHPG, NTES, SRCL, NTAP, CSCO, SHPG, WIX, ADI, WYN, SODA,

EPS Negative Reactions
TGT, QVCA, BIDU, BMRN, TSLA, SINA, LB, SLCA, VRSK, DISH, TRIP, ALXN, FOSL, AIG, DVN, KHC,



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Monday, February 27, 2017

SPY, DIA New All-time Closing High, QQQ Bull Flag, After-hours PCLN +53.99, +3.31%


Setups to Watch for Tuesday

     (click image to enlarge)


Technical Commentary

SPY, DIA = New all-time High
IWM = Bull Flag bounce
QQQ = Bull Flag pattern


Up Trend: XLF, XLI, XLB, XLY, XLK, XLP, XLU, XLV, XLRE
Sideways:
Down Trend: XLE

Breadth strengthened as advancers led 1,816 to 1,180 on the NYSE and led 1,868 to 1,008 on the NASDAQ.

Monday – strengthened, advancers led, +5 sectors
Friday – strengthened, advancers led on the NYSE, +8
Thursday – weakened, decliners led, +5
Wednesday – weakened, decliners led, +5
Tuesday – strengthened, advancers led, +10

IWM +0.97%, DIA +0.17%, SPY +0.16%, QQQ +0.16%,


SPY up .37 at 237.11 on 56.5 million shares, 21% below average volume,
VIX up .62 at 12.09
TLT down .72 at 121.29…on 11.0 million shares18% above average volume

Oil futures were up .02 to close at 54.04 on Monday.  


The SPY MFC green line is in the upper zone at 97 bullish

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


SPX and NDX Highlights

SPX up 2 points at 2,369.

SPX  gainers ILMN, SWN, REGN, JWN, NOV, VRTX, URI, CELG, RIG, NUE, NVDA, LB, BWA, MLM, VMC, MNK, FTI, MU, MUR, XYL, QRVO, BIIB, BBBY, CAT, DHI, GPS

QQQ closes up 16 cents at 130.42.
   
NDX point leaders: CELG, FB, NVDA, AMZN, AAPL, REGN, BIIB, AVGO, AMGN and ILMN

55 of 100 NDX stocks closed higher on Monday.

86 NDX stocks are above their 30 DMA.


NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 5
BMRN, GILD, ILMN, MU, REGN,

Moving Below 30 DMA = 3
FOXA, MDLZ, MNST,


_______________________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: QQQ, XLY,
DD, JPM, PG, IBM,
ADBE, AMAT, CHKP, CTRP, MAR, NCLH, PCAR, TMUS, ULTA, YHOO
SRCL, WIX, SHOP, WB, CC, WFC, RF, HBAN, MS, CLF, X, VALE,

One Day Pullback:  

Bull Flag Bounces include: IWM, FAS, XLI, SOXL, AMD, AXP, GS, AAPL, ADI, AMZN, ATVI, AVGO, EA, FB, GOOGL, SWKS, STX, WDC, BAC, STI, ZION, ETFC, STLD, DE, NUE, (25)

                  (click image to enlarge)

Horizontal Breakout Setups include: PCLN, MU, LRCX, INTC, FLEX, TXN, DIS, HIG, CSX, TLT, XLB, FAST, ROST, MSFT, MCHP, MXIM, VIAB, BABA, CAT, SODA, RCL, NTAP, LNG, BABA, NVDA,

                  (click image to enlarge)

Horizontal Breakouts include: AMD, UNH, NTES,  

New Highs include: SPY, DIA, SQ, COST, BA, ADSK, GD, AAPL, EBAY, USB, XLK, XLP, FLEX, KLAC, GLW, MCD, MMM, LUV,


At Support Setups include: NRG, MT, FCX, BHI, CCL, HES, MGM,

Support Bounce: GM, UPS, BABA, NVDA, LNG,

Break of Support: GDXJ
CHK, HAL, CF,


_______________________________

Earnings

This week:
Monday – PCLN, SBAC
Tuesday – ENDP, QVCA, ROST, TGT, AZO, AMBA
Wednesday – DLTR, MNST, BBY, LOW
Thursday – JD, COST, KR
Friday – BIG

Earnings Reports


After-hours reports
PCLN +53.99, +3.31%


2016 Q4 EPS (since Feb 15)
EPS Positive Reactions
FL, KSS, INTU, JWN, NCLH, CTRP, WMT, HD, HSIC, XRAY, SHPG, NTES, SRCL, NTAP, CSCO, SHPG, WIX, ADI, WYN, SODA,

EPS Negative Reactions
BIDU, BMRN, TSLA, SINA, LB, SLCA, VRSK, DISH, TRIP, ALXN, FOSL, AIG, DVN, KHC,




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Friday, February 24, 2017

SPY, DIA New All-time High Following Late Rally...QQQ, IWM Bull Flag Pattern...


Setups to Watch for Monday

                  (click image to enlarge)


Technical Commentary


SPY, DIA = New all-time High
QQQ, IWM = Bull Flag pattern

Retail stocks were 13 of the top 30 SPX gainers on Friday including: FL, JWN, KSS, LB, GPS, BBY, DLTR, TGT, M, URBN, SPLS, ROST, SIG

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Up Trend: XLF, XLI, XLB, XLY, XLK, XLP, XLU, XLV, XLRE
Sideways:
Down Trend: XLE

Breadth strengthened as strengthened led 1,549 to 1,444 on the NYSE and decliners led 1,524 to 1,317 on the NASDAQ.

Friday – strengthened, advancers led on the NYSE, +8 sectors
Thursday – weakened, decliners led, +5
Wednesday – weakened, decliners led, +5
Tuesday – strengthened, advancers led, +10
Monday – George Washington’s Birthday


QQQ +0.19%, SPY +0.13%, DIA +0.05%, IWM -0.07%,

                  (click image to enlarge)

SPY up .30 at 236.74 on 82.3 million shares, 13% above average volume,
VIX down .24 at 11.47
TLT up 1.34 at 122.01…on 11.3 million shares, 22% above average volume

Oil futures were down .34 to close at 54.02 on Friday.  

MU is a MACD bullish divergence setup.

                 (click image to enlarge)

The SPY MFC green line is pointed up at 97 bullish

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


SPX and NDX Highlights

SPX up 3 points at 2,367.

SPX  gainers FL, INTU, JWN, KSS, LB, NWL, STZ, EXC, PEG, GPS, FE, BBY, URI, JBHT, NRG, DLTR, EQIX, TGT, VTR, PAYX M, LUV, ECL, URBN, SPLS, HBI, NEE, ROST

QQQ closes up 25 cents at 130.26.
   
NDX point leaders: INTU, INCY, INTC, CSCO, CMCSA, GILD, COST, MDLZ, PYPL, AAPL, CSX and WBA

74 of 100 NDX stocks closed higher and one was unchanged on Friday.

84 NDX stocks are above their 30 DMA.


NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 6
ALXN, FAST, FOXA, INTC, ORLY, VRSK

Moving Below 30 DMA = 3
BIDU, BMRN, MU


_______________________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: QQQ, IWM, FAS, XLI, XLY, GDXJ, SOXL,
AXP, DD, GS, JPM, PG,
AAPL, ADBE, ADI, AMAT, AMZN, ATVI, AVGO, CHKP, CTRP, EA, FB, GOOGL, MAR, NCLH, PCAR, SWKS, TMUS, ULTA, WDC, YHOO
WIX, SHOP, WB, CC, BAC, WFC, ZION, STI, RF, HBAN, ETFC, STLD, DE, MS, NUE, CLF, X, SRCL,

One Day Pullback:  

Bull Flag Bounces include: SODA, RCL, NRG, NTAP, STX, (4)

                  (click image to enlarge)

Horizontal Breakout Setups include: TLT, AMD, LRCX, IBM, INTC, FLEX, TXN, DIS, UNH, HIG, CSX, XLB, FAST, PCLN, ROST, MSFT, MCHP, MXIM, MU, VIAB, BABA, CAT,

                  (click image to enlarge)

Horizontal Breakouts include: NTES,  

New Highs include: SPY, DIA, XLK, XLP, SQ, COST, GLW, BA, MCD, MMM, LUV, ADSK, KLAC, GD, AAPL, EBAY, FLEX, USB,


At Support Setups include: VALE, GM, UPS, MT, FCX, BHI,

Support Bounce: TLT, BABA, NVDA, CCL, HES, LNG, MGM,


Break of Support: CHK, HAL, CF, 

_______________________________

Earnings

This week:
Monday – PCLN, SBAC
Tuesday – ENDP, QVCA, ROST, TGT, AZO, AMBA
Wednesday – DLTR, MNST, BBY, LOW
Thursday – JD, COST, KR
Friday – BIG

Earnings Reports
Positive earnings reactions
FL +6.43, +9.48%
INTU +7.31, +6.06%
JWN +2.52, +5.74%
KSS +2.08, +5.08%
MELI +7.97, +3.99%

Negative earnings reactions
FOSL -9.47, -5.13%
BMRN -1.78, -1.99%

2016 Q4 EPS (since Feb 6)
EPS Positive Reactions
FL, KSS, INTU, JWN, NCLH, CTRP, WMT, HD, HSIC, XRAY, SHPG, NTES, SRCL, NTAP, CSCO, SHPG, WIX, ADI, WYN, SODA, ATVI, CBG, MT, MHK, VIAB, K, CVS, REGN, PRU, WFM, GT, FISV, PNRA, BWLD, MCHP, CTSH, PXD, ORLY, ALK, MDLZ, CDW, TDG, CNC, NOV, EMR, CHD, TSO, ICE, CBOE, ADM, CAH, HAS, SALT,

EPS Negative Reactions
BIDU, BMRN, TSLA, SINA, LB, SLCA, VRSK, DISH, TRIP, ALXN, FOSL, AIG, DVN, KHC, NVDA, CERN, DNB, COTY, MAS, AKAM, GILD, CSRA, ICE, JEC, KORS, FMC, GM, FOXA, NWL, DO, SYY,



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