Tuesday, July 25, 2017

Futures Up...Bank Stocks Poised to Bounce...C, JPM, WFC, ZION, BAC, STI


COST bullish MACD divergence bounce in progress 10:39 am ET

FCX gaps up on positive EPS reaction. 9:49 am ET



Monday, July 24, 2017

QQQ Hits New All-time Closing High as SPY, DIA, IWM Form Bull Flag...





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HAS -9.44% on EPS reaction, MAT -3.84% down in sympathy.
QQQ makes new all-time high. 
SPY, DIA, IWM forming bull flag.

Two sectors were higher, led by financial XLF +0.44% and technology XLK +0.24%

SPY down .06 at 246.82 on 46.6 million shares, 23% below average. 
VIX up .07 to 9.43.
Oil up .88 to 46.48
TLT down .49 at 125.20…on 5.3 million shares, 24% below average.

CAT +1.49% and AAPL +1.21% led the DJIA, 8 advancers.
XRX +3.77%, NRG +3.23% and CFG +2.81% led the SPX.
TSLA +4.30%, WYNN +3.27%, INCY +3.02% and BIDU +2.83% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, IWM
Down: SPY, DIA,

Uptrend sectorsXLV, XLK, XLY, XLB, XLI, XLF,
Neutral sectors: XLRE, XLU, XLP
Down trend sectors: XLE

Breadth weakened as decliners led 1,609 to 1,273 on the NYSE and led 1,384 to 1,411 on the NASDAQ.

The SPY MFC green line is at 95, bullish.




Look for a potential bounce in: IWM, SPY, DIA, AMAT, KLAC, CCL, AVGO, ATVI, PNC, BABA, MS, EXPE, AABA, AAL, C, JPM, WFC, SCHW, BAC, LUV, MCD, XLNX, JBHT, MMM, MCHP, JNJ, FCX, BBRY,

At support: CSX, DDD, COST,

One Day Pullback: TLT, ADP,

Bounces included: AAPL, KWEB, CC, WMT, AMZN, SHOP, HUN, TAL, WB, ANET,

Potential Breakouts include: WDC, XLY, RCL, MS, ATVI, MAR, FAS, AMD, FCX, EXPE, KLAC, GOOGL, JD, WYN, NVDA, MU, TLT, SWKS, ADP, BBRY, EA, LRCX,

Breakouts: TSLA, MOMO, CC, WYNN, ADSK, MNST,

Break of short-term support: ALK, UAL,

Bear flag:


New Highs: BIDU, BA, RACE, V, FB, AMZN, TAL, QQQ, ADBE, SQ, SPY, AABA, WUBA, PYPL, NFLX, ETFC,



32 of 100 NDX stocks closed higher on Monday.

70 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
FAST, INTU, ISRG,

Moving Below 30 DMA = 5
CMCSA, DISH, DLTR, HAS, MAT                


The intermediate and long-term trends are still up.

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


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Friday, July 21, 2017

QQQ, SPY, IWM Pause at Resistance...Horizontal Breakout Setup Following EPS Weeek One...




Earnings were the big movers this week.
Big EPS gainers included NFLX, CTAS, V.ETFC, COF, MCO, SYF, JNJ, UNH, MS and V.
EPS losers included CSX, UAL, IBM, NTRS, CHKP, ISRG, MXIM, GE, EBAY, KEY, UNP and SHW.





Five sectors were higher, led by utilities XLU +0.72% and real estate XLRE +0.19%

SPY down .22 at 246.88 on 88.7 million shares, 38% above average. 
VIX down .22 to 9.36.
Oil down 1.43 to 45.60
TLT up .53 at 125.69…on 6.2 million shares, 13% below average.

V +1.52% and NKE +1.44% led the DJIA, 11 advancers.
COF +8.55%, ETFC +5.13% and SYF +4.54% led the SPX.
CTAS +9.19%, NFLX +2.69%, VRTX +2.41% and TMUS +2.39% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up:
Down: QQQ, SPY, DIA, IWM

Uptrend sectorsXLV, XLK, XLY, XLB, XLI, XLF,
Neutral sectors: XLRE, XLU, XLP
Down trend sectors: XLE

Breadth weakened as decliners led 1,500 to 1,379 on the NYSE and led 1,566 to 1,235 on the NASDAQ.

The SPY MFC green line is at 92, bullish.


Look for a potential bounce in: PNC, BABA, KWEB, CC, MS, HUN, EXPE, TAL, AABA, WB, SHOP, AAL, C, JPM, WFC, SCHW, BAC, LUV, MCD, XLNX, ALK, JBHT, WMT, WYNN, ANET,

At support: CSX, DDD, COST, UAL,

One Day Pullback: KLAC, MMM, MCHP, IWM, AMZN, CCL, JNJ, AVGO, AAPL, AMAT,

Bounces included: WYNN,

Potential Breakouts include: WDC, XLY, TSLA, RCL, ADSK, MS, MNST, DIA, ATVI, MOMO, MAR, FAS, CC, AMD, FCX, EXPE, KLAC, GOOGL, JD, WYN, NVDA, MU, TLT, SWKS, ADP, BBRY, DIA, EA, LRCX,

Breakouts: ETFC,

Break of short-term support:

Bear flag:


New Highs: ETFC, BA, RACE, NFLX, V, SQ, BIDU, SPY, FB, AMZN, PYPL, TAL, AABA, WUBA, QQQ, ADBE, 



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

72 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 4
CMCSA, CTAS, TMUS, WYNN,

Moving Below 30 DMA = 6
ADI, HOLX, ISRG, MXIM, NTES, XLNX       


The intermediate and long-term trends are still up.

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


Earnings Week of July 17…
DJIA
Tuesday = GS, JNJ, UNH, IBM
Wednesday = AXP
Thursday = TRV, V, MSFT
Friday = GE

NDX
Monday = NFLX, JBHT
Tuesday = CSX
Wednesday = TMUS, QCOM
Thursday = CHKP, ISRG, CTAS, EBAY, MXIM, SWKS
Friday =

Notable SPX
Monday = NFLX
Tuesday = BAC, CMA, LMT, UAL
Wednesday = MS, USB, NTRS, AA, URI
Thursday = KEY, UNP, PM, ETFC, COF, SHW, NUE, 
Friday = STI, SLB, KSU, HON, RF, MCO, CL, SYF



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Thursday, July 20, 2017

QQQ, SPY, IWM Make New All-time Closing High...



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CTAS, ETFC rise while EBAY, MXIM, SWKS fall, in after-hours on EPS reaction, watch for gap on Friday.
KMI +4.52% on EPS reaction.
SPY, QQQ form potential hanging man at new all-time high. 
DIA pause at resistance.

IWM forms spinning top at new high.

Four sectors were higher, led by utilities XLU +0.72% and healthcare XLV +0.66%

SPY up .11 at 247.10 on 47.1 million shares, 25% below average. 
VIX down .21 to 9.58.
Oil down .34 to 46.93
TLT up .38 at 125.16…on 12.2 million shares, 68% above average.

NKE +2.30% and VZ +1.77% led the DJIA, 15 advancers.
KMI +4.52%, MNK +4.10% and PRGO +3.94% led the SPX.
MYL +3.00%, REGN +2.83%, INCY +2.56% and SWKS +2.12% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, IWM, SPY
Down: DIA

Uptrend sectorsXLI, XLB, XLF, XLV, XLY, XLK
Neutral sectors: XLRE, XLU, XLP
Down trend sectors: XLE

Breadth weakened as decliners led 1,433 to 1,428 on the NYSE and advancers led 1,484 to 1,242 on the NASDAQ.

The SPY MFC green line is pointed up at 95, bullish.

Look for a potential bounce in: PNC, HUN, ETFC, SHOP, AAL, C, JPM, WFC, SCHW, BAC, LUV, WB, MCD, XLNX, ALK, JBHT, WDC, WMT, WYNN,

At support: CSX, DDD, COST, UAL,

One Day Pullback: MS, ADSK,

Bounces included: AMD, WDC, TSLA,

Potential Breakouts include: MS, MNST, ATVI, MOMO, TSLA, MAR, FAS, CC, WDC, EXPE, KLAC, GOOGL, MMM, JD, WYN, NVDA, MU, TLT, SWKS, ADP, BBRY, DIA, EA, CC, BA,


Breakouts: CCL, MCHP, QQQ, XLY, IWM, KWEB, AMZN, ANET, JNJ, RCL, ADBE, AABA, AVGO, LRCX, FCX, AAPL, AMAT, BIDU, AVGO,

Break of short-term support:

Bear flag:


New Highs: RACE, SPY, FB, AMZN, PYPL, NFLX, V, TAL, AABA, WUBA, BABA, SQ,


65 of 100 NDX stocks closed higher and one was unchanged on Thursday.

74 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
INTC, MAR, MYL, NTES, XLNX

Moving Below 30 DMA = 3
CHKP, QCOM, XRAY                                      


The intermediate and long-term trends are still up.

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

Earnings Week of July 17…
DJIA
Tuesday = GS, JNJ, UNH, IBM
Wednesday = AXP
Thursday = TRV, V, MSFT
Friday = GE

NDX
Monday = NFLX, JBHT
Tuesday = CSX
Wednesday = TMUS, QCOM
Thursday = CHKP, ISRG, CTAS, EBAY, MXIM, SWKS
Friday =

Notable SPX
Monday = NFLX
Tuesday = BAC, CMA, LMT, UAL
Wednesday = MS, USB, NTRS, AA, URI
Thursday = KEY, UNP, PM, ETFC, SHW, NUE, 
Friday = STI, SLB, KSU, HON, RF, MCO, CL



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Wednesday, July 19, 2017

SPY, QQQ, IWM New All-time Closing High…VRTX Higher on News and Upgrades…Earnings Continue…



What are your areas of interest?  Let us know at chartsignals@yahoo.com


TMUS +2.95%, in after-hours on EPS reaction, watch for gap up on Thursday.
VRTX +20.83% on news and upgrades, bullish gap to new all-time high.
SPY bounce 245.72
DIA bull flag bounce 215.81.
QQQ breakout 143.90.
IWM breakout 142.90.

Ten sectors were higher, led by energy XLE +1.46% and materials XLB +0.96%

SPY up 1.33 at 246.99 on 51.0 million shares, 19% below average. 
VIX down .10 to 9.79.
Oil up .83 to 47.27
TLT up .05 at 124.80…on 5.1 million shares, 30% below average.

DD +1.61% and BA +1.27% led the DJIA, 26 advancers.
SNI +14.73%, MUR +6.73% and RIG +6.47% led the SPX.
VRTX +20.83%, DISCA +4.34%, LRCX +3.06% and ADSK +2.37% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: IWM, QQQ, SPY, DIA
Down:

Uptrend sectorsXLI, XLB, XLF, XLV, XLY, XLK
Neutral sectors: XLRE, XLU, XLP
Down trend sectors: XLE

Breadth strengthened as advancers led 2,156 to 727 on the NYSE and led 1,865 to 936 on the NASDAQ.

The SPY MFC green line is pointed up at 94, bullish.


Look for a potential bounce in: SHOP, AAL, C, JPM, WFC, SCHW, BAC, LUV, WB, MCD, XLNX, ALK, AMD, JBHT, PNC, HUN, WDC, WMT,

At support: CSX, DDD, COST, UAL,

One Day Pullback: TSLA, WYNN,

Bounces included: MS, ADSK, SWKS, ADP, BBRY, DIA, EA, CC, BA,

Potential Breakouts include: MS, MNST, ATVI, MOMO, TSLA, MAR, WYNN, CCL, FAS, CC, WDC, EXPE, KLAC, MCHP, GOOGL, MMM, JD, WYN, NVDA, MU, TLT,

Breakouts: QQQ, XLY, IWM, KWEB, AMZN, ANET,
JNJ, RCL, ADBE, AABA, AVGO, LRCX, FCX, AAPL, AMAT, BIDU, AVGO,

Break of short-term support:

Bear flag:

New Highs: RACE, SPY, NFLX, FB, AMZN, V, TAL, RACE, SPY, AABA, PYPL, ETFC, WUBA, BABA, SQ,


74 of 100 NDX stocks closed higher and two were unchanged on Wednesday.

72 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 7
ADP, DISCA, DLTR, HOLX, MAT, QCOM, WBA

Moving Below 30 DMA = 3
CSX, FAST, NTES                                           


The intermediate and long-term trends are still up.

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

Earnings Week of July 17…
DJIA
Tuesday = GS, JNJ, UNH, IBM
Wednesday = AXP
Thursday = TRV, V, MSFT
Friday = GE

NDX
Monday = NFLX, JBHT
Tuesday = CSX
Wednesday = TMUS, QCOM
Thursday = CHKP, ISRG, CTAS, EBAY, MXIM, SWKS
Friday =

Notable SPX
Monday = NFLX
Tuesday = BAC, CMA, LMT, UAL
Wednesday = MS, USB, NTRS, AA
Thursday = KEY, UNP, PM, ETFC, SHW, URI, NUE, 
Friday = STI, SLB, KSU, HON, RF, MCO, CL


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