Monday, April 17, 2017

SPX / SPY Begin Week near Support…Bounce or Break Down?


SPX and SPY finished the holiday shortened week on Thursday near the March 27 support low.  Today watch for a potential support bounce or support break down.

If a support bounce occurs look for a bounce in stronger stocks including:  AAPL, FB, SWKS, TSLA, ADBE, ATVI, AAL, AMZN, WDC, CTRP, MAR, MSFT, MU, SBUX,

On a support bounce potential breakouts include: STX, EA, JD, BABA, BMRN, CHKP, EBAY

If a support break occurs look at weaker stocks near support including: ADP, NVDA, RCL, MNST, AMD, FLEX, ALK, DAL, ROST

Uptrend sectors:  XLY, XLU, XLV, XLRE

Earnings this week:
Monday:  JBHT, NFLX,
Tuesday: BAC, CMA, GS, IBM, JNJ, LRCX, UAL, RF, UNH
Wednesday: MS, HBAN, USB, QCOM, EBAY, AXP
Thursday: CSX, MAT, MXIM, PM, SHW, URI, KEY, TRV, ETFC, V

1 comment:

K said...

Dave,

Thank you! I trust you had a wonderful Easter.

Kathy :)