Dave Johnson Chart Signals

SPX New High Close as NDX Pauses...GILD Takes Biotechs Lower...Listen to Dave on tastytrade...

2012-02-17T19:42:00.003-08:00

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Listen to Dave on tastytrade today at the 122:05 minute mark, Click Here: https://www.tastytrade.com/#/

Six of nine sectors moved higher on expiration Friday. XLY, XLF and XLI were the strongest sectors.

Leading stocks > +2% on Friday included LDK, TSL, VECO, ZION, TSLA, UCO

Losing stocks < -2.0% included ARUN, WLT, ANR, NVDA, CROX, CLF, RVBD

NDX 100 stocks stronger than the NDX included FSLR, VRTX, NWSA, BBBY, INTC, PCLN, CMCSA, DLTR, PNRA and EBAY.

Stocks weaker than the NDX include GILD, LIFE, NVDA, BIDU, ALXN, ATVI, BIIB, LRCX, YHOO and MRVL.

Two NDX stocks FSLR and NWSA closed above the 30 DMA and five ATVI, BIIB, GILD, LIFE and SPLS closed below leaving 79 NDX stocks above their 30 DMA.

Stocks to Watch on Tuesday

Holding Above 30 DMA = 69

WDC, DLR, URE, CMG, DOW, ENTR, FAS, SWK, F, NKE, CIEN, CRUS, SMH, SWKS, JDSU, NGLS, BAC, CF, CHL, STI, A, C, CAT, TPX, ESI, KKD, CREE, GS, CROX, HLF, LNKD, LVS, RCL, SLW, TSL, CSTR, SINA, VECO, COH, ARUN, CRM, FFIV, SLB, INFA, NTES, NVDA, SWI, VMW, IBM, ZAGG, UAL, TSLA, LDK, GES, JNPR, V, ICE, ZION, NDAQ, TIF, RVBD, SWN, UCO, ANF, DECK, CDE, DHR, MOS, TBT

Moving Above 30 DMA = 1

HAL

Moving Below 30 DMA = 1

WLT

Staying Below 30 DMA

DE, UNP, CLF, FCX, GLW, IL, X, GRPN, ANR, PCX, POT, MCP, SOHU, AKS, TLT, HUM, ATI, SNDK, FAZ

Eighteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

Markets Edge Higher on Expiration Friday,..AAPL Bounce...GILD Gap Down

2012-02-17T06:20:00.000-08:00

BMO – ES +3.75 and NQ +0.50 futures are higher 15minutes before the open in pre-market trading and point to a flat to higher open…volume is light for pre-market with more stocks quoting up than down…Solar stocks FSLR, TSL and LDK are higher...

XLF is up 1 cent on 86,300 shares in pre-market at this time…

FAS is up 21 cents …

TLT is down 63 cents…

the Euro is up 55 pips overnight trading …

NDX leaders AAPL, AMZN, NFLX and QCOM are higher…BIDU, GOOG, and PCLN are lower…

Dave’s Insight for Friday: higher Euro…lower bonds… Financials flat…setting up a flat to higher open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…

It’s Expiration Friday for February options…recent expiration days have been trading range days with plenty movement up and down throughout the day…

GILD is gapping down on big volume in pre-market…

The intermediate term trend is still up…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,353, 1,361, 1,370

Support: 1,347, 1,331, 1,315

Quoting Down – ARUN, TLT, UAL, RVBD, GILD, BIDU, PCLN, GOOG, INTU, EXPD, MCHP

Quoting Up – VRTX, AAPL, FSLR, WYNN, GOLD, AMAT, UCO, DECK, TSL, SNDK, RCL, MOS, VECO, LVS, FCX, LDK, DE, CF, HAL, CRM, GRPN, NFLX, AMZN, CA, SNDK, GMCR, BBBY, FAST, NTAP, TEVA, DTV

SPX, NDX Reverse Selloff Make New High Close as Euro Finds Support and Bounces...

2012-02-16T15:35:00.000-08:00

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All nine sectors moved higher on Thursday. XLB, XLF and XLK were the strongest sectors. The NDX, COMPQ, INDU and SPY all made a bull market New High Close. The SPX made a current New High Close, just 5 points below its bull market closing high.

Thursday’s trading reversed the short-term bearish signs on Wednesday and the short-term Yellow Alert is off for now. The ES, SPX and SPY all reversed Thursday’s selloff and each made a New High Close. The VIX reversed Wednesday’s rise and closed below Tuesday’s close. The Bearish Engulfing patterns were engulfed by a white candle on Thursday. The INDU made a New High Close and the RUT was just over one point from a New High Close.

As stated in Wednesday’s post “the short-term trend on the SPX and SPY is still neutral… the old resistance on Jan 26 at SPY 133.40 needs to be broken to really be a break of the current short-term support.”

Someone asked today how do I process the Yellow Alert? By doing nothing and being mindful that if the price action breaks support then to be prepared to take bearish trades on weaker charts.

Do nothing? Yes. This is an alert not a signal.

What are weaker charts? One of the easiest ways to identify a weaker chart is where the price action is already below the 30 DMA.

Do you want to be a proficient technical trader? If so, you must remember that trend is the most important factor in every technical trade. Not only is it the most important factor it has a high probability of continuing, approximately 66% to 83%.

So the trend always continues? No, approximately 17% to 34% of the time it will change or reverse. That is the purpose of a Yellow Alert to alert you to watch to see if the price action changes or reverses the trend. An actual signal to change occurs in an uptrend when price breaks support.

So I should trade with the uptrend until it breaks support? Essentially, yes. Even if a trade reaches a price target and you exit, you should look for a new re-entry signal on that chart or another chart trading with the trend.

Money Flow

Euro +72 pips 1.3063

TNX +0.62 19.93

TLT -0.94 116.61

XLF +0.23 14.70

SPX +14.81 1,358.04

VIX -1.92 19.22

RUT +1.96%

COMPQ +1.51%

NDX +1.42%

SPX +1.10%

INDU +0.96%

Money Flow was typical as the Euro moved higher and TNX, XLF and SPX followed. The VIX and bonds TLT moved lower. The most recent SPX breakout has an intermediate term chart target of 1,428 within 12 weeks of the breakout, now just 70 points away.

The VIX moved down and did confirm the SPX on Thursday.

(click image to enlarge)

Breadth strengthened as advancers led decliners 3.05 to 1 on the NYSE and 3.23 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 2,293 1,945

Decliners 750 602

The Euro bounced at its late January short-term support area, formed a hammer and is still a Flag Setup.

All except three of our Bull Flag stocks moved higher on Thursday. Some broke out of horizontal resistance and other are now in a Breakout Setup. GILD, JNPR and NFLX were down pennies.

Bull Flag and Breakout Setups/Entries – JNPR, CREE, LNKD, GES, SWKS, BRCM, STI, FFIV, GILD, LVS, GLW, GS, GRMN, VECO, NFLX, C, CSTR, F, FAS, IL, MOS, RCL, UAL, FSLR, CERN, COST, CSCO, CTSH, WDC, GMCR, BAC

(click image to enlarge)

Leading stocks > +2% on Thursday included CREE, MCP, DECK, WDC, LNKD, CDE, X, GRPN, SWKS, FAS, BAC, ZION, SINA, FCX, INFA, WLT, STI, CROX, PCX, C, SWN, ZAGG, RVBD, F, KKD, CIEN, VECO, JDSU, LVS, POT, AKS, DOW, DHR, UAL, ATI, ANR, GLW, SLW, NDAQ, SMH, ARUN, RCL

Losing stocks < -2.0% included FAZ, NTES

NDX 100 stocks stronger than the NDX included NTAP, EXPD, GMCR, PCAR, WCRX, SHLD, MSFT, CHRW, RIMM and STX.

Stocks weaker than the NDX include AMZN, DTV, TEVA, APOL, LIFE, VMED, MNST, EXPE, NUAN and NFLX.

Eight NDX stocks EXPD, KLAC, MCHP, ORCL, PNRA, SPLS, VOD and WCRX closed above the 30 DMA and one TEVA closed below making 82 NDX stocks above their 30 DMA.

Stocks to Watch on Friday

Holding Above 30 DMA = 65

Moving Above 30 DMA = 5

CDE, DHR, MOS, TBT, WLT

Moving Below 30 DMA = 0

Staying Below 30 DMA

DE, UNP, CLF, FCX, GLW, HAL, IL, X, GRPN, ANR, PCX, POT, MCP, SOHU, AKS, TLT, HUM, ATI, SNDK, FAZ

Eighteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

Futures Point to a Flat to Slightly Lower Open...Euro Down...NTAP Gap Up...

2012-02-16T06:14:00.000-08:00

BMO – ES -3.00 and NQ -1.50 futures are lower 25minutes before the open in pre-market trading and point to a lower open…volume is moderate for pre-market with more stocks quoting down than up…

XLF is down 4 cents on 207,800 shares in pre-market at this time…

FAS is down 64 cents …

TLT is down 24 cents…

the Euro is down 55 pips overnight trading …

NDX leaders AAPL, AMZN, GOOG, PCLN and QCOM are lower…BIDU and NFLX are higher…

Dave’s Insight for Thursday: lower Euro…slightly lower bonds… Financials down…setting up a lower open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…

Short-term support on the SPY is 133.40…

NTAP reported after the close and is gapping up…

After Tuesday’s pause it appears we have a bounce continuation this morning…the intermediate term trend is still up…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,347, 1,353, 1,361, 1,370

Support: 1,331, 1,315, 1,300

Quoting Down – AMZN, GOOG, AAPL, GOLD, CF, CLF, A, NVDA, DHR, IBM, UNP, FAS, LNKD, SLW, CRM, UCO, DOW, GS, SNDK, CAT, HLF, C, SWKS, CIEN, POT, CSTR, NKE, GILD, FOSL, XRAY, SHLD, FSLR, INFY, KLAC, SNDK, SBUX, PCLN, WFM, ESRX, GMCR, ADSK, INTC

Quoting Up – NTAP, HUM, COH, SWI, INFA, NTES, RVBD, WLT, FFIV, CROX, SINA, PNRA, BIDU, DTV, BIIB, ISRG, MNST, ROST, EXPE, LIFE, FAST, EXPD

AAPL, NDX, SPX Intra-day Reversal as Euro Moves Lower...Yellow Alert...

2012-02-15T20:33:00.000-08:00

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Eight of nine sectors moved lower on Wednesday. XLB, XLP and XLE were the strongest sectors.

Several short-term bearish signs appeared on the charts today.

- The ES futures ranged 23.50 points from 1,358 before the open to 1,334.50 this evening. This is close to the maximum selloff range of 33.75 points (Jan 30) for the ES since Dec 19.

- The VIX made its highest close since Jan 17.
- Bearish Engulfing pattern on the SPY, NDX and AAPL.

- NDX stocks above the 30 DMA dropped to 75, its lowest level since Jan 7.

- The RUT and INDU failed to make a new intra-day high like the NDX, COMPQ and SPX.

Technically the short-term trend on the SPX and SPY is still neutral. Since Wednesday is the new high day, a move below today’s low needs to occur first. Additionally, the old resistance on Jan 26 at SPY 133.40 needs to be broken to really be a break of the current short-term support.

This is a short-term Yellow Alert.

These comments are on the short-term trend and the Intermediate Term Trend is still up.

Follow your rules for stop adjustment and potential short-term exit.

You may also want to begin to look for potential short-term bearish entries should the short-term trend change.

Money Flow

Euro -70 pips 1.3063

TNX +0.07 19.31

TLT -0.21 117.55

XLF -0.09 14.47

SPX -7.27 1,343.23

VIX +1.60 21.14

SPX -0.54%

COMPQ -0.55%

NDX -0.75%

INDU -0.76%

RUT -0.81%

Money Flow was mostly typical as the Euro moved lower XLF and SPX followed. The VIX moved higher. Slightly atypical the TNX was up slightly and bonds TLT were slightly down. The most recent SPX breakout has an intermediate term chart target of 1,428 within 12 weeks of the breakout, now just 76 points away.

The VIX moved up and did confirm the SPX on Wednesday.

(click image to enlarge)

Breadth strengthened as decliners led advancers 1.36 to 1 on the NYSE and weakened sligthly 1.69 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 1,276 940

Decliners 1,736 1,595

ANF +3.71, +8.32% gained big following better than expected EPS.

NTAP +3.42, +8.58% meet estimates after the close.

The Euro has moved back to its late January short-term support area.

If short-term support holds on the SPY and SPX the following stocks are still potential Bull Flag Setups/Entries – JNPR, CREE, LNKD, GES, SWKS, BRCM, STI, FFIV, GILD, LVS, GLW, GS, GRMN, VECO, NFLX, C, CSTR, F, FAS, IL, MOS, RCL, UAL, FSLR, CERN, COST, CSCO, CTSH, WDC, GMCR, BAC

(click image to enlarge)

Leading stocks > +2% on Wednesday included ANF, JNPR, NTES, DECK, CREE, LNKD, ANR, ESI, SWN, CROX, GES, JDSU

Losing stocks < -2.0% included ZAGG, DE, UNP, SWI, SINA, BAC, AKS, WDC, TSL, IL

NDX 100 stocks stronger than the NDX included SHLD, CMCSA, TEVA, INFY, PCAR, NTAP, CTRP, RIMM, SNDK and AVGO.

Stocks weaker than the NDX include NUAN, AMZN, MNST, BBBY, CHRW, EXPD, GMCR, AAPL, FOSL and BIDU.

One NDX stock TEVA closed above the 30 DMA and seven AMZN, EXPD, GOLD, MCHP, NWSA, ORCL and PNRA closed below leaving 75 NDX stocks above their 30 DMA.

Stocks to Watch on Thursday

Holding Above 30 DMA = 63

Moving Above 30 DMA = 2

ANF, DECK

Moving Below 30 DMA = 4

DE, DHR, UNP, WLT

Staying Below 30 DMA

CDE, CLF, FCX, GLW, HAL, IL, MOS, TBT, X, GRPN, ANR, PCX, POT, MCP, SOHU, AKS, TLT, HUM, ATI, SNDK, FAZ

Eighteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Point to a Higher Open...

2012-02-15T06:07:00.000-08:00

BMO – ES +5.75 and NQ +12.50 futures are higher 25minutes before the open in pre-market trading and point to a higher open… …volume is moderate for pre-market with more stocks quoting up than down…

XLF is up 7 cents on 61,500 shares in pre-market at this time…

FAS is up $1.35 …

TLT is up 16 cents…

the Euro is down 25 pips overnight trading …

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are higher…

Dave’s Insight for Wednesday: lower Euro…slightly higher bonds… Financials up…setting up a higher open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…

Following market gain in Asia and Europe overnight…ANF, DE reports…

After Tuesday’s pause it appears we have a bounce continuation this morning…the intermediate term trend is still up…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,347, 1,353, 1,361, 1,370

Support: 1,331, 1,315, 1,300

Quoting Down – MOS, WDC, TPX, DE, POT, CDE, CF, FAZ, INFA, GES, FOSL, MYL, VMED, GRMN

Quoting Up – ANF, CMG, NTES, ESI, LNKD, SINA, FAS, RVBD, CLF, CHL, CREE, VECO, TSLA, CRM, SLW, V, A, FFIV, ARUN, NKE, VMW, FCX, UCO, MCP, UNP, CRUS, JNPR, WLT, SOHU, SNDK, SWN, PCLN, AAPL, CMCSA, GMCR, GOOG, VIDU, TEVA, DTV, NFLX, CELG, AMZN, GOLD, NTAP, INFY, PCAR, RIMM, GILD, CTXS, WYNN, FSLR, WFM

AAPL, NDX Make New Highs, SPX Pause and Euro Forms Bull Flag...

2012-02-14T16:55:00.001-08:00

Five of nine sectors moved higher on Tuesday. XLV, XLP and XLK were the strongest sectors.

The NDX and COMPQ made another New High Close on Tuesday again from the leadership of AAPL. The ES futures again pulled back just 15 points from 1,352 to 1,337 before buyers took over. The SPX closed down -1.27 at 1,350. The SPY moved down 17 cents on volume of 165.9 million shares. The intermediate term trend is still up.

It should be very clear, at least for now, buyers are stepping in every time the S&P pulls back 15 to 30 points and take the sellers out. The modest VIX continues to indicate a stable trend. This rally is very much like the other five extended rallies from 60 to 80 days in length in 2009 through early 2011. Follow your rules and allow the trend to make you money.

Money Flow

Euro -51 pips 1.3133

TNX -0.66 19.24

TLT +0.62 117.76

XLF -0.14 14.56

SPX -1.27 1,350.50

VIX +0.50 19.54

NDX +0.22%

INDU +0.03%

COMPQ +0.02%

SPX -0.09%

RUT -0.50%

Money Flow was typical as the Euro moved lower and the TNX, XLF and SPX followed. The TLT bonds and the VIX moved higher. The most recent SPX breakout has a chart target of 1,428 within 12 weeks of the breakout, now just 76 points away.

The VIX moved up and did confirm the SPX on Tuesday.

(click image to enlarge)

Breadth weakened as decliners led advancers 1.75 to 1 on the NYSE and 1.62 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 1,088 967

Decliners 1,904 1,570

FOSL +15.32, +14.66% gained big following better than expected EPS.

Continue to look for Breakout and Bull Flag Setups in your watch list. The Euro is still in a bull flag pattern is setting up for potential trend continuation.

Take a look at the following Bull Flag Setups/Entries – SWKS, CREE, VECO, WDC, NFLX, BAC, C, CSTR, F, FAS, FFIV, GES, GLW, GS, IL, JNPR, LNKD, LVS, MOS, RCL, STI, UAL, FSLR, GMCR, GILD, GRMN, BRCM, CERN, COST, CSCO, CTSH, GILD

(click image to enlarge)

Leading stocks > +2% on Tuesday included TSLA, CIEN, ARUN, WDC, RVBD, FAZ, V, INFA

Losing stocks < -2.0% included LDK, TSL, WLT, X, FCX, LNKD, BAC, SINA, ANR, ENTR, CLF, STI, PCX, LNG, C, CF, FAS, ATI, RCL

NDX 100 stocks stronger than the NDX included FOSL, MU, ESRX, NUAN, NFLX, SHLD, GMCR, INFY, STX and SRCL.

Stocks weaker than the NDX include FSLR, YHOO, CTRP, RIMM, EXPE, PCAR, NWSA, ALXN, TEVA and LRCX.

Three NDX stock ATVI, ESRX and MCHP closed above the 30 DMA and three FSLR, GOOG and YHOO closed below leaving 81 NDX stocks above their 30 DMA.

Stocks to Watch on Wednesday

Holding Above 30 DMA = 69

WDC, DLR, URE, CMG, DE, DOW, ENTR, FAS, SWK, F, NKE, CIEN, CRUS, SMH, SWKS, JDSU, NGLS, BAC, CF, CHL, DHR, STI, A, C, CAT, FCX, TPX, ESI, KKD, CREE, GS, CROX, HLF, LNKD, LVS, RCL, SLW, TSL, CSTR, SINA, VECO, COH, ARUN, CRM, FFIV, HAL, SLB, INFA, NTES, NVDA, SWI, VMW, WLT, IBM, ZAGG, UAL, TSLA, LDK, GES, DECK, JNPR, V, ICE, ZION, NDAQ, TIF, RVBD, SWN, UCO, UNP

Moving Above 30 DMA = 0

Moving Below 30 DMA = 7

CDE, CLF, GLW, IL, MOS, TBT, X

Staying Below 30 DMA

DECK, GRPN, ANR, PCX, POT, MCP, SOHU, AKS, TLT, ANF, HUM, ATI, SNDK, FAZ

Eighteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Point to a Lower Open Folowing Euro Downgrades and Lower Than Expected Retail Sales...

2012-02-14T06:24:00.000-08:00

BMO – ES -3.75 and NQ -4.75 futures are lower 10 minutes before the open in pre-market trading and point to a lower open…following Moody’s downgrade of Italy, Portugal, Spain, Slovakia, Slovenia and Malta…Retail sales for January rose 0.4 percent, less than expected…volume is moderate for pre-market with more stocks quoting down than up…

Financial stocks, XLF is down 7 cents on 91,900 shares in pre-market at this time…FAS is down $1.28 …

TLT is up 33 cents and the Euro is down 10 pips overnight trading …

NDX leaders AAPL, BIDU, GOOG and NFLX are higher…AMZN, PCLN and QCOM are lower.

Dave’s Insight for Tuesday: flat Euro…higher bonds… Financials down…setting up a lower open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…

Following downgrades of Euro countries…

Watch for and pause then bounce continuation and follow your rules for exit…the intermediate term trend is still up…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,347, 1,353, 1,361, 1,370

Support: 1,331, 1,315, 1,300

Quoting Down – LNKD, CMG, FAS, ESI, ICE, HUM, GS, TPX, VMW, INFA, CSTR, WLT, STI, IBM, CLF, V, CDE, COH, NKE, TSL, FCX, DOW, RCL, SLB, SWI, ENTR, GRPN, SKWS, RVBD, LDK, X

Quoting Up – CF, UCO, A, SINA, WDC, TLT, FAZ, SWN, HLF, SOHU, CROX

NDX Makes New High Close as AAPL Reaches All-time High...SPX Moves Higher as Greece Passes Reforms...

2012-02-13T17:16:00.000-08:00

Reversing Friday’s selloff, eight of nine sectors moved higher on Monday. XLI, XLF and XLY were the strongest sectors.

The NDX and COMPQ made another New High Close on Monday. The SPX was just .18 point below Thursday’s New High Close and the INDU and RUT also closed near last week’s closing high. The SPY moved up $1.00 on volume of 115.7 million shares. The intermediate term trend is still up.

The NDX made another 11 year high as AAPL made another all-time high. AAPL accounted for 1/3 of the 22 point move in the NDX and six more stocks AMZN, GOOG, PCLN, AMGN, BIDU and GILD accounted for a second 1/3 of the move. The last 1/3 of the point move came from the other 93 stocks.

Money Flow

Euro -11 pips 1.3184

TNX +0.21 19.90

TLT +0.15 117.14

XLF +0.13 14.70

SPX +9.13 1,351.77

VIX -1.75 19.04

RUT +1.41%

COMPQ +0.95%

NDX +0.87%

SPX +0.68%

INDU +0.57%

Money Flow was a little atypical as the Euro moved slightly lower and the TNX, bonds, XLF and the SPX moved higher. The TLT bond move was just 15 cents higher. The VIX moved lower. The most recent SPX breakout has a chart target of 1,428 within 12 weeks of the breakout, now just 76 points away.

The VIX moved down and did confirm the SPX on Monday.

(click image to enlarge)

Breadth strengthened as advancers led decliners 3.36 to 1 on the NYSE and 2.69 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 2,357 1,867

Decliners 701 693

Continue to look for Breakout and Bull Flag Setups in your watch list. The intermediate term trend is still up. Be sure to protect profits according to your rules. The Euro which is in a bull flag pattern is setting up for potential trend continuation.

Bull Flag Setups/Entries – CSTR, UAL, SWKS, RCL, CREE, X, WDC, FSLR, NFLX, GMCR, GILD, GRMN

(click image to enlarge)

Leading stocks > +2% on Monday included SINA, KKD, TPX, UCO, CRM, AKS, FAS, HLF, VMW, CSTR, BAC, URE, CRUS, ESI

Losing stocks < -2.0% included GRPN, PCX, DECK, FAZ, CREE, ANR, LNKD

NDX 100 stocks stronger than the NDX included PCLN, FAST, GMCR, FOSL, AMZN, CTXS, EXPE, BIDU, ISRG and ADSK.

Stocks weaker than the NDX include FSLR, NFLX, RIMM, WYNN, NTAP, ALTR, PNRA, CTRP, WFM and BMC.

Three NDX stock CELG, EXPD and GOOG closed above the 30 DMA and two ATVI and ESRX closed below leaving 81 NDX stocks above their 30 DMA.

Stocks to Watch on Tuesday

Holding Above 30 DMA = 72

WDC, DLR, URE, CMG, DE, DOW, ENTR, FAS, SWK, F, NKE, CIEN, CRUS, SMH, SWKS, JDSU, NGLS, BAC, CF, CHL, DHR, STI, X, A, C, CAT, CLF, FCX, TPX, ESI, KKD, CREE, GS, CROX, HLF, LNKD, LVS, RCL, SLW, TSL, CSTR, SINA, VECO, COH, ARUN, CDE, CRM, FFIV, HAL, SLB, INFA, NTES, NVDA, SWI, VMW, WLT, IBM, ZAGG, UAL, TSLA, LDK, GES, JNPR, V, ICE, ZION, GLW, NDAQ, TBT, TIF, RVBD, SWN

Moving Above 30 DMA = 4

IL, MOS, UCO, UNP

Moving Below 30 DMA = 2

DECK, GRPN

Staying Below 30 DMA

ANR, PCX, POT, MCP, SOHU, AKS, TLT, ANF, HUM, ATI, SNDK, FAZ

Eighteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Point to a Higher Open...Following Passagae of Greek Austerity Vote...

2012-02-13T06:18:00.000-08:00

BMO – ES +7.75 and NQ +15.25 futures are higher 25 minutes before the open in pre-market trading and point to a higher open…volume is moderate for pre-market with more stocks quoting up than down…Financial stocks, XLF is up 15 cents on 105,700 shares in pre-market at this time…FAS is up $3.03 …

TLT is down 45 cents and the Euro is up 3 pips overnight trading …

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are higher…

Dave’s Insight for Monday: flat Euro…lower bonds… Financials up…setting up a higher open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…

Following passage of Greek austerity vote…

Watch for bounce continuation and follow your rules for exit…the intermediate term trend is still up…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,347, 1,353, 1,361, 1,370

Support: 1,331, 1,315, 1,300

Quoting Down – ICE, LNKD, FAZ, TLT, WYNN, DLTR, COST

Quoting Up – AAPL, GOOG, CMG, FAS, CF, GS, VMW, A, IBM, UCO, CAT, SINA, TSL, SLB, CRM, DE, CSTR, CHL,CDE, FCX, SWI, SOHU, CLF, C, POT, SWK, WLT, NTES, MOS, HAL, COH, SLW, NVDA, ANR, PTX, X, SNDK, MCP, GRPN, CRUS, RVBD, CROX, CRUS, SWKS, GES, STIL, SWN, TSLA, PCLN, FOSL, BIDU, AMZN, ALXN, PNRA, GOLD, GMCR, NFLX, CELG, FSLR, NUAN, CTXS, AKAM, MNST, KLAC, GILD, ROST, CTRP, NVDA, WFM, INFY, TEVA, EBAY

SPX Pulls Back as Euro Moves Lower Overnight...Closes Near Open on Friday...

2012-02-10T21:47:00.000-08:00

Listen to Dave on tastytrade today at the 115:30 minute mark, Click here: https://www.tastytrade.com/#/

Dave has been at the Orlando Money Show presenting Friday with Tom through the weekend and his flight was delayed Sunday evening. He will post again Monday morning...

All nine sectors moved lower on Friday. XLU, XLP and XLV were the strongest sectors.

Leading stocks > +2% on Friday included LNKD, FAZ, CRM, ICE

Losing stocks < -2.0% included TSL, PCX, ANR, LDK, AKS, IL, X, CREE, TSLA, SWKS, ATI, WLT, CRUS, CLF, MCP, FCX, MOS, CF, ZAGG, FAS, KKD, TBT, POT, STI, DECK, NVDA, ENTR, CROX, CDE, C, A, RCL

NDX 100 stocks stronger than the NDX included ALXN, AKAM, PCLN, YHOO, BIDU, CTRP, AMGN, FAST, SPLS and BIIB.

Stocks weaker than the NDX include NUAN, FSLR, NTAP, MU, RIMM, KLAC, ATVI, EA, NVDA and VRTX.

One NDX stock AMGN closed above the 30 DMA and eight CELG, EXPD, KLAC, MCHP, NUAN, PAYX, TEVA and VOD closed below leaving 80 NDX stocks above their 30 DMA.

Stocks to Watch on Monday

Holding Above 30 DMA = 73

WDC, DLR, URE, CMG, DE, DOW, ENTR, FAS, SWK, F, NKE, CIEN, CRUS, SMH, SWKS, JDSU, NGLS, BAC, CF, CHL, DHR, STI, X, A, C, CAT, CLF, FCX, TPX, ESI, KKD, CREE, GS, CROX, HLF, LNKD, LVS, RCL, SLW, TSL, CSTR, SINA, VECO, COH, ARUN, CDE, CRM, FFIV, HAL, SLB, INFA, NTES, NVDA, VMW, WLT, IBM, ZAGG, UAL, TSLA, LDK, GES, DECK, GRPN, JNPR, V, ICE, ZION, GLW, NDAQ, TBT, TIF, RVBD, SWN

Moving Above 30 DMA = 0

Moving Below 30 DMA = 6

ANR, IL, MOS, PCX, POT, UNP

Staying Below 30 DMA

MCP, SOHU, AKS, TLT, ANF, HUM, UCO, ATI, SNDK, FAZ

Eighteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Point to a Lower Open...LNKD Set to Gap Up...

2012-02-10T06:10:00.000-08:00

LNKD to Gap Up after EPS…

SPX

Resistance: 1,347, 1,353, 1,361, 1,370

Support: 1,331, 1,315, 1,300

AAPL All-time High Drives NDX to an 11 Year New High Close...TNX Up...

2012-02-09T20:52:00.000-08:00

Six of nine sectors moved higher on Thursday. XLK, XLP and XLI were the strongest sectors.

The SPX and other indexes continued to consolidate pulling back just 5 points from Wednesday’s close before making a New High Close on Thursday. The NDX made another 11 year high primarily on the strength of AAPL which continues to rise following the announcement regarding their TV debut. The SPY moved up 17 cents on volume of 148.4 million shares. The intermediate term trend is still up.

Money Flow

Euro +26 pips 1.3258

TNX +0.72 20.47

TLT -0.87 115.49

XLF -0.06 14.71

SPX +1.99 1,351.95

VIX +0.47 18.63

NDX +0.72%

COMPQ +0.39%

SPX +0.15%

INDU +0.05% d

RUT -0.41%

Money Flow was atypical as the Euro rose and the TNX and SPX moved higher. XLF and bonds moved lower and the VIX also moved higher. The most recent SPX breakout has a chart target of 1,428 within 12 weeks of the breakout, now just 76 points away.

The VIX moved up and did NOT confirm the SPX on Thursday.

Breadth weakened as advancers led decliners 1.02 to 1 on the NYSE and decliners led 1.23 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 1,522 1,134

Decliners 1,482 1,405

AKAM +3.62, +10.51% gained after better than expected earnings.

Continue to look for Breakout and Bull Flag Setups in your watch list. The intermediate term trend is still up. Be sure to protect profits according to your rules.

Leading stocks > +2% on Thursday included TSL, LDK, CREE, VM, ESI, GES, IL, INFA, VECO, ANR, SWI, KKD, TSLA, ARUN

Losing stocks < -2.0% included GRPN

NDX 100 stocks stronger than the NDX included AKAM, FSLR, WFM, ALXN, NUAN, BIDU, AAPL, NTAP, FLEX and APOL.

Stocks weaker than the NDX include RIMM, CSCO, CERN, NWSA, CTRP, EA, AMGN, GMCR, BBBY and BIIB.

One NDX stock EXPD closed above the 30 DMA and five AMGN, BBBY, CTRP, RIMM and WYNN closed below leaving 87 NDX stocks above their 30 DMA.

Stocks to Watch on Friday

Holding Above 30 DMA = 79

WDC, DLR, IL, URE, CMG, DE, DOW, ENTR, FAS, SWK, UNP, F, NKE, CIEN, CRUS, SMH, SWKS, JDSU, NGLS, BAC, CF, CHL, DHR, STI, X, A, C, CAT, CLF, FCX, MOS, POT, TPX, ESI, KKD, CREE, GS, CROX, HLF, LNKD, LVS, RCL, SLW, TSL, CSTR, SINA, VECO, COH, ARUN, CDE, CRM, FFIV, HAL, SLB, INFA, NTES, NVDA, VMW, WLT, IBM, ZAGG, UAL, TSLA, LDK, GES, DECK, GRPN, JNPR, V, ANR, ICE, PCX, ZION, GLW, NDAQ, TBT, TIF, RVBD, SWN

Moving Above 30 DMA = 0

Moving Below 30 DMA = 0

Staying Below 30 DMA

MCP, SOHU, AKS, TLT, ANF, HUM, UCO, ATI, SNDK, FAZ

Eighteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

Futures Point to a Higher Open...AKAM and V to Gap Up...

2012-02-09T06:18:00.000-08:00

Dave travels to Orlando for live Tom and Dave show tomorrow at the Orlando Money Show...

BMO – ES +2.00 and NQ +4.75 futures are higher 30 minutes before the open in pre-market trading and point to a higher open…volume is moderate for pre-market with more stocks quoting up than down…Financial stocks, XLF is up 7 cents on 519,700 shares in pre-market at this time…FAS is up $1.22 …First time unemployment claims reported at 358,000 better than estimates of 370,000 this morning…

TLT is down 74 cents and the Euro is up 40 pips overnight trading …

AKAM and V to Gap Up after EPS…

NDX leaders AAPL, BIDU, GOOG, NFLX and PCLN are higher…AMZN is lower…AAPL continues to rise past levels suggested by two year trading pattern following announcement on Apple TV debut…

Dave’s Insight for Thursday: higher Euro…lower bonds… Financials up…setting up a higher open and expect consolidation and short term trend to hold… Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…

Watch for bounce continuation and follow your rules for exit…the intermediate term trend is still up…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,347, 1,353, 1,361, 1,370

Support: 1,331, 1,315, 1,300

Quoting Down – GRPN, CMG, CRM, WDC, TLT, TIF, VMW, FAZ, JNPR, ORLY, SHLD, VMED, DTV, CTSH, WFM, INFY, EA, LINTA, PCAR, APOL, FAST,

Quoting Up – V, FAS, FFIV, GS, CROX, C, MOS, UCO, CLF, SINA, SWI, LVS, POT, WLT, ANF, SLB, ANR, SWK, FCX, TBT, AAPL, GOOG, ALXN, PCLN, BIDU, WYNN, NUAN, NFLX, PNRA, BRCM

New High Close SPX, INDU...NDX 11 Year High...

2012-02-08T22:01:00.000-08:00

Seven of nine sectors moved higher on Wednesday. XLF, XLK and XLY were the strongest sectors.

The SPX and other indexes continued to consolidate pulling back just 6 points from Tuesday’s close before making a New High Close on Wednesday. The NDX made an 11 year high. The SPY moved up 40 cents on volume of 138.8 million shares. The intermediate term trend is still up.

Money Flow

Euro -1 pip 1.3258

TNX +0.09 19.75

TLT +0.09 116.36

XLF +0.11 14.77

SPX +2.91 1,349.96

VIX +0.51 18.16

NDX +0.54%

COMPQ +0.41%

SPX +0.22%

RUT +0.12%

INDU +0.04%

Money Flow was atypical but in a small degree as the Euro was essentially unchanged and the TNX, bonds, XLF and SPX moved higher. XLF was the leading sector and the VIX also moved slightly higher. The most recent SPX breakout has a chart target of 1,428 within 12 weeks of the breakout.

The VIX moved up and did NOT confirm the SPX on Wednesday.

(click image to enlarge)

Breadth strengthened as advancers led decliners 1.38 to 1 on the NYSE and 1.29 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 1,741 1,428

Decliners 1,257 1,099

CERN +8.31, +13.28% gained after better than expected earnings.

Look for Breakout Setups in your watch list as many of our recent Bull Flags have moved to horizontal resistance and are Setup to breakout or are giving an Entry Signal.

Bull Flags Setups/Entry: NFLX, CTSH, GMCR, GRMN, CTRP, WYNN, X, CSIQ, CRM

(click image to enlarge)

Leading stocks > +2% on Wednesday included TSL, ICE, NVDA, GES, BAC, C, JDSU, CIEN, PCX, ESI, SWKS, WDC, ENTR, NDAQ, SNDK

Losing stocks < -2.0% included IL, X, AKS, ATI, ANR

NDX 100 stocks stronger than the NDX included CERN, CTRP, VMED, MU, NVDA, SIRI, SHLD, WFM, AKAM and AMAT.

Stocks weaker than the NDX include PNRA, NFLX, ALXN, VRTX, CTSH, FSLR, BIIB, AMGN, GMCR and WCRX.

Two NDX stock CTRP and WYNN closed above the 30 DMA and three EXPD, SPLS, WCRX closed below leaving 91 NDX stocks above their 30 DMA.

Stocks to Watch on Thursday

Holding Above 30 DMA = 79

Moving Above 30 DMA = 0

Moving Below 30 DMA = 0

Staying Below 30 DMA

MCP, SOHU, AKS, TLT, ANF, HUM, UCO, ATI, SNDK, FAZ

Eighteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

Futures Point to Flat to Higher Open...CERN to Gap Up...

2012-02-08T06:07:00.000-08:00

BMO – ES +0.25 and NQ +2.50 futures are slightly higher 30 minutes before the open in pre-market trading and point to a flat to higher open…volume is moderate for pre-market with more stocks quoting up than down…Financial stocks, XLF is up 4 cents on 27,100 shares in pre-market at this time…FAS is up $1.00 …

TLT is down 4 cents and the Euro is down 5 pips overnight trading …

CERN to Gap Up after EPS…

NDX leaders AAPL, AMZN, BIDU, GOOG, QCOM and PCLN are higher…NFLX is lower…

Dave’s Insight for Wednesday: Flat Euro…flat bonds… Financials up…setting up a flat to higher open and expect consolidation and short term trend to hold… Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…

Watch for bounce continuation and follow your rules for exit…the intermediate term trend is still up…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,347, 1,353, 1,361

Support: 1,331, 1,315, 1,300, 1,292

Quoting Down – DECK, DLR, IBM, UAL, FAZ, TLT, PNRA, CTSH, ISRG, NFLX, VOD

Quoting Up – CERN, CF, ICE, FAS, CLF, GS, UCO, CSTR, V, FCX, SINA, CMG, SWI, POT, SOHU, SLB, X, MCP, MOS, WLT, CAT, UNP, RCL, GRPN, RVBD, ANR, LVS, C, LNKD, HAL, GOOG, AAPL, BIDU, WFM, AMZN, VMED, LIFE, WYNN, SHLD, GOLD, FSLR, GMCR, NUAN, ORLY, PAYX, BRCM, PCLN, STX, GRMN

SPX, SPY New High Close as Euro Rallies, TNX Moves Higher...

2012-02-07T16:26:00.001-08:00

Six of nine sectors moved higher on Tuesday. XLU, XLE and XLY were the strongest sectors.

The SPX and other indexes continued to consolidate pulling back just 8 points from Monday’s close before making a New High Close on Tuesday. The SPY moved up 34 cents on volume of 134.8 million shares. The intermediate term trend is still up.

Money Flow

Euro +130 pips 1.3259

TNX +0.65 19.66

TLT -1.46 116.27

XLF 0.00 14.66

SPX +2.72 1,347.05

VIX -0.11 17.65

INDU +0.26%

SPX +0.20%

NDX +0.15%

COMPQ +0.07%

RUT -0.12%

Money Flow was typical as the Euro, TNX and SPX moved higher. XLF was unchanged. Bonds and VIX moved lower. The most recent SPX breakout has a chart target of 1,428 within 12 weeks of the breakout.

The VIX moved down and did confirm the SPX on Tuesday.

(click image to enlarge)

Breadth strengthened as advancers led decliners 1.30 to 1 on the NYSE and decliners led 1.11 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 1,689 1,201

Decliners 1,299 1,336

CSTR +6.97, +13.79% and SWI +3.09, +9.29% moved higher after better than expected earnings. CERN gapped up after the close on better than expected earnings.

Bull flags with entry signals last week SPY, CF, VMW, INFA, CHKP, CTXS, CREE, CAT and VECO continued to move higher on Tuesday. X, LRCX, LVS, A, ESI, NFLX, PCLN and CRM have either paused or pulled back forming another flag.

New Flag Setups: DLR, IL, DE, UNP, SMH, CHL, DHR, MOS, POT, SLW, NTES, UAL

(click image to enlarge)

Leading stocks > +2% on Tuesday included CSTR, SWI, ENTR, CRUS, JDSU, ZAGG, UCO, GRPN, SWN, TBT, KKD

Losing stocks < -2.0% included SINA, PCX, ANR, SNDK, SOHU, EIS, WLT, LNKD, IL, FCX

NDX 100 stocks stronger than the NDX included SHLD, ESRX, MU, ORLY, PNRA, CTXS, ADSK, EXPE, ADBE and ROST.

Stocks weaker than the NDX include GMCR, SNDK, GOLD, EA, FLEX, CTRP, MCHP, VRTX, GILD and SIRI.

One NDX stock SPLS closed above the 30 DMA making 92 NDX stocks above their 30 DMA.

Stocks to Watch on Wednesday

Holding Above 30 DMA = 79

Moving Above 30 DMA = 0

Moving Below 30 DMA = 0

Staying Below 30 DMA

MCP, SOHU, AKS, TLT, ANF, HUM, UCO, ATI, SNDK, FAZ

Eighteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

Futures Point to Slightly Lower Open...Euro Higher...CSTR Gaps Up...

2012-02-07T06:07:00.001-08:00

BMO – ES -3.25 and NQ -5.25 futures are lower 30 minutes before the open in pre-market trading and point to a lower open…volume is moderate for pre-market with more stocks quoting down than up…Financial stocks, XLF is down 6 cents on 27,100 shares in pre-market at this time…FAS is down 91 cents …

TLT is down $1.03 and the Euro is up 55 pips overnight trading …

CSTR to Gap Up on reports better than expected EPS

NDX leaders AMZN, BIDU, GOOG, NFLX and PCLN are lower…AAPL is higher…

Dave’s Insight for Tuesday: Higher Euro…lower bonds… Financials down… is setting up a lower open but expect consolidation and short term trend to hold… Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…

Watch for bounce continuation and follow your rules for exit…the intermediate term trend is still up…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,331, 1,347, 1,356

Support: 1,315, 1,300, 1,292

Quoting Down – TLT, UCO, SINA, FAS, DLR, CAT, GS, COH, V, SLB, ANF, RCL, SLW, WLT, FCX, GOLD, ROST, ALXN, NFLX, LLTC, GOOG, VOD, BIDU, TEVA, GILD, VMED

Quoting Up – CSTR, CLF, CMG, VECO, CF, SWI, HUM, TBT, ESI, FAZ, PNRA, ESRX, AAPL, FSLR

SPX Moves Down 7 Points...Closes Near Unchanged...CSTR Gaps Up After EPS...

2012-02-06T23:40:00.000-08:00

Seven of nine sectors moved lower on Monday. XLE, XLK and XLP were the strongest sectors.

Following the pattern of the last six weeks the SPX and other indexes paused after the large move higher on Friday. The SPX managed only a 7 point pullback before closing near Friday’s close. The SPY moved down 9 cents on volume of 107.6 million shares. The intermediate term trend is still up.

Money Flow

Euro -24 pips 1.3129

TNX -0.48 19.01

TLT +1.16 117.73

XLF -0.07 14.66

SPX -0.57 1,344.33

VIX +0.66 17.76

NDX -0.03%

SPX -0.04%

COMPQ -0.13%

INDU -0.13%

RUT -0.33%

Money Flow was typical as the Euro, TNX, XLF and SPX moved lower. Bonds and VIX moved higher. The most recent SPX breakout has a chart target of 1,428 within 12 weeks of the breakout.

The VIX moved up and did confirm the SPX on Monday.

(click image to enlarge)

Breadth weakened as decliners led advancers 1.43 to 1 on the NYSE and 1.46 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 1,235 1,025

Decliners 1,771 1,505

CSTR +8.54, +16.89% gapped up after the close on better than expected earnings.

Leading stocks > +2% on Monday included ANF, ESI, RVBD

Losing stocks < -2.0% included SOHU, MCP, SINA, HUM, GRPN, NTES, UAL, ZAGG

NDX 100 stocks stronger than the NDX included GMCR, VRTX, FSLR, GILD, NFLX, GOOG, GOLD, WCRX, NWSA and PNRA.

Stocks weaker than the NDX include ESRX, MU, EXPD, AMAN, BIDU, AVGO, KLAC, LRCX, CTRP and EXPE.

Four NDX stocks ADP, CTRP, EA and WYNN closed below the 30 DMA leaving 91 NDX stocks above their 30 DMA.

Stocks to Watch on Tuesday

Holding Above 30 DMA = 77

Moving Above 30 DMA = 2

RVBD, SWN

Moving Below 30 DMA = 2

MCP, SOHU

Staying Below 30 DMA

AKS, TLT, ANF, HUM, UCO, ATI, SNDK, FAZ

Eighteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

Futures Point to a Lower Open...Euro Lower...

2012-02-06T06:08:00.001-08:00

BMO – ES -3.75 and NQ -6.25 futures are lower 15 minutes before the open in pre-market trading and point to a lower open…volume is moderate for pre-market with more stocks quoting down than up…Financial stocks, XLF is down 5 cents on 184,900 shares in pre-market at this time…FAS is down $1.21 …

TLT is up 35 cents and the Euro is down 82 pips overnight trading …

SOHU and HUM gap lower after earnings…SINA gap down…CSTR (reports after the close) to Gap Up on VZ streaming deal…Move over NFLX?

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are lower…

Dave’s Insight for Monday: Lower Euro…higher bonds… Financials down… is setting up a lower open following a lower Euro as Greece politicians struggle with latest austerity measures, threat of default again… Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

Watch for bounce continuation and follow your rules for stop adjustment or exit…the intermediate term trend is still up…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,331, 1,347, 1,356

Support: 1,315, 1,300, 1,292

Quoting Down – SOHU, SINA, HUM, CF, CMG, FAS, IBM, GS, FFIV, URE, UNP, VMW, UCO, CAT, SLB, DOW, WLT, SLW, DE, CRM, FCX, LVS, RCL, DECK, C, X, A, POT, MCP, HAL, PCLN, BIDU, NFLX, AAPL, GOOG, AMZN, BIIB, FFIV, AMGN, WYNN, ALZN, GMCR, ALTR, SBUX, QOCM, COST, TEVA, MU

Quoting Up – CSTR, FAZ, TLT, RVBD, GOLD, PNRA, CTRP, FOSL, CELG

New High Close on RUT, SPX, NDX & INDU...Bull Flags Continue to Bounce...

2012-02-03T22:10:00.000-08:00

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Listen to Dave on tastytrade today at the 124:30 minute mark, Click Here: https://www.tastytrade.com/#/

All nine sectors moved higher on Friday following the better than expected U.S. jobs report of 243,000 new jobs and an 8.3% unemployment rate for January. XLF, XLY and XLE were the strongest sectors.

The rally was broad as 86 of the NDX 100 stocks moved higher and 65 of the 89 stocks in our 30 DMA Watchlist outperformed the 1.46% gain in the SPX.

The SPY gapped open and broke out of horizontal resistance following Thursday’s inside day doji. Indicating once again why we wait for confirmation on neutral and bearish candles in up trends. The bearish candle is a counter-trend move and needs additional bearish evidence before trading against the trend.

The SPY made a new high close for the almost three year old bull market. The old closing high was April 29, 2011 at 134.21, which was exceeded on Friday with a close of 134.54. The intermediate term trend is still up.

Money Flow

Euro +9 pips 1.3153

TNX +1.24 19.49

TLT -2.56 116.57

XLF +0.38 14.73

SPX +19.36 1,344.90

VIX -0.88 17.10

RUT +2.24%

COMPQ +1.61%

SPX +1.46%

NDX +1.34%

INDU +1.23%

Money Flow was typical as the Euro moved slightly higher and TNX jumped and bonds fell. XLF and the SPX moved higher with the SPX making its biggest move in a month. The most recent SPX breakout has a chart target of 1,428 within 12 weeks of the breakout.

The VIX moved down and did confirm the SPX on Friday.

(click image to enlarge)

SPY moved up $1.86 on volume of 160.6 million shares.

Breadth strengthened as advancers led decliners 3.64 to 1 on the NYSE and 4.02 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 2,361 2,039

Decliners 648 506

Bull flags with entry signals on Tuesday SPY, X, LVS, A, CF, PCLN and CRM continued to move higher on Friday.

ESI, VMW, INFA, CHKP, CTXS, CREE and VECO which gave bull flag entry signals on Wednesday continued to move higher on Friday. LRCX paused at resistance.

(click image to enlarge)

NFLX and SOHU which gave entry signals on Thursday continued to move higher. CAT gave an entry signal on Friday. CTRP is still in a bull flag, look for potential entry on Monday.

Leading stocks > +2% on Friday included FAS, RCL, GRPN, PCX, ANR, BAC, VECO, GLW, CRM, TPX, CIEN, C, LDK, STI, JNPR, ARUN, F, RVBD, TBT, CREE, ZION, LNKD, SWKS, UAL, GS, A, FFIV, SWK, CAT, CROX, DECK, TSLA, ATI, URE, CRUS, GES, TSL, SOHU, WLT, INFA, WDC, COH, CMG, X, CLF, UCO, KKD, HLF, CF, ESI, TIF, ICE, NVDA, SNDK, FCX

Losing stocks < -2.0% included FAZ, ENTR, AKS, TLT

NDX 100 stocks stronger than the NDX included GILD, SHLD, FISV, AKAM, LINTA, EXPE, FFIV, AMZN, MYL and PNRA.

Stocks weaker than the NDX include WYNN, VRTX, RIMM, EA, CELG, LRCX, GOLD, BMC, AMGN and TEVA.

Five NDX stocks ADP, AMZN, ATVI, VOD and YHOO closed above the 30 DMA making 95 NDX stocks above their 30 DMA. Only CHRW, SPLS, APOL, SNDK and GOOG remain below their 30 DMA.

Stocks to Watch on Monday

Holding Above 30 DMA = 75

WDC, DLR, IL, URE, CMG, DE, DOW, ENTR, FAS, SWK, UNP, F, NKE, CIEN, CRUS, SMH, SWKS, JDSU, NGLS, BAC, CF, CHL, DHR, STI, X, A, C, CAT, CLF, FCX, MOS, POT, TPX, ESI, KKD, CREE, GS, CROX, HLF, LNKD, LVS, RCL, SLW, SOHU, TSL, CSTR, SINA, VECO, COH, MCP, ARUN, CDE, CRM, FFIV, HAL, SLB, INFA, NTES, NVDA, VMW, WLT, IBM, ZAGG, UAL, TSLA, LDK, GES, DECK, GRPN, JNPR, V, ANR, ICE, PCX, ZION

Moving Above 30 DMA = 4

GLW, NDAQ, TBT, TIF

Moving Below 30 DMA = 2

AKS, TLT

Staying Below 30 DMA

ANF, HUM, SWN, RVBD, UCO, ATI, SNDK, FAZ

Eighteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

Futures Spike Up After Jobs and Unemployment Reports Come in Above Esitmates...

2012-02-03T06:19:00.000-08:00

BMO – ES +12.00 and NQ +23.75 futures are higher 20 minutes before the open in pre-market trading and point to a higher open…volume is heavy for pre-market with many more stocks quoting up than down…Financial stocks, XLF is up 21 cents on 708,400 shares in pre-market at this time…FAS is up $3.61 …

New jobs came in at 243,000 and the unemployment rate 8.3% in January, both exceeded estimates of 150,000 and 8.5% respectively…

TLT is down $2.38 and the Euro is down 54 pips overnight trading …

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are higher…

Dave’s Insight for Friday: Lower Euro…lower bonds… Financials up…setting up a higher open following better than expected jobs and employment reports … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

Watch for bounce continuation and follow your rules for stop adjustment or exit…the intermediate term trend is still up…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,331, 1,347, 1,356

Support: 1,315, 1,300, 1,292

Quoting Down – TLT, FAZ, VECO, INFA, MOS, WYNN, MNST, VRTX, RIMM

Quoting Up – GOOG, PCLN, GILD, ISRG, CMG, FAS, CF, GS, UNP, CLF, ICE, CAT, SINA, IBM, SOHU, CRM, FFIV, URE, ATI, WLT, HUM, VMW, LNKD, DE, NKE, SWK, FCX, SLB, TIF, GES, CSTR, C, ANR, TBT, HAL,ANF, COH, SNDK, V, X, MCP, CREE, SWKS, GRPN, STI, DOW, POT, RCL, RVBD, GLW, JNPR, DHR, CIEN, BAC, ARUN, BIIB, AAPL, ALXN, BIDU, FOSL, FFIV, INFY, AMZN, FSLR, WFM, PAYX, EXPD, PNRA, COST, GMCR, SNDK, NFLX, ADBE, DTW, BRCM, ADP, NUAN, ORCL, ORLY, EBAY, STX

NDX, RUT, XLF Lead Stocks Higher as VIX Moves Lower...

2012-02-02T22:48:00.001-08:00

Five of nine sectors moved higher on Thursday. XLE, XLF and XLP were the strongest sectors.

The SPY formed an inside day doji trading in a range of 81 cents just below horizontal resistance. The intermediate term trend is still up.

Money Flow

Euro -16 pips 1.3144

TNX -0.21 18.25

TLT -0.05 119.13

XLF +0.07 14.35

SPX +1.45 1,325.54

VIX -0.57 17.98

RUT +0.40%

COMPQ +0.40%

NDX +0.31%

SPX +0.11%

INDU -0.09%

Money Flow was typical as the Euro moved slightly lower and TNX moved higher and bonds closed near unchanged. XLF and the SPX moved slightly higher. The most recent SPX breakout has a chart target of 1,428 within 12 weeks of the breakout.

The VIX moved down and did confirm the slightly higher SPX on Thursday.

(click image to enlarge)

SPY moved up 21 cents on volume of 113 million shares.

Breadth weakened as advancers led decliners 1.31 to 1 on the NYSE and 1.54 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 1,695 1,525

Decliners 1,289 990

Bull flags with entry signals on Tuesday SPY, X and LVS continued to move higher on Thursday. A, CF, PCLN, CRM and LVS paused at resistance.

ESI, VMW, INFA, CHKP, LRCX, CTXS, CREE, VECO which gave bull flag entry signals on Wednesday continued to move higher on Thursday.

NFLX and SOHU gave entry signal on Thursday. CAT and CTRP are still in a bull flag today…look for potential entry on Friday.

Thursday Earnings of Interest

CME beat

MA beat

MCHP beat

PCX miss

RCL beat, guides lower

Leading stocks > +2% on ENTR, PCX, LDK, ANR, GRPN, LNKD, SWKS, ICE, WLT, UAL, NVDA, CREE, V, TSLA

Losing stocks < -2.0% included ANF, JDSU, AKS, GES, IL, CMG

NDX 100 stocks stronger than the NDX included GMCR, BMC, EA, FSLR, ISRG, NVDA, MRVL, RIMM, COST and WYNN.

Stocks weaker than the NDX include WCRX, CTRP, PCAR, VRSN, APOL, FFIV, EXPD, NUAN, NWSA and FLEX.

One NDX stock EA closed above the 30 DMA and two ADP and YHOO closed below the 30 DMA making 90 NDX stocks above their 30 DMA.

Stocks to Watch on Friday

Holding Above 30 DMA = 72

WDC, DLR, IL, URE, CMG, DE, DOW, ENTR, FAS, SWK, UNP, F, NKE, CIEN, CRUS, SMH, SWKS, JDSU, NGLS, AKS, BAC, CF, CHL, DHR, STI, X, A, C, CAT, CLF, FCX, MOS, POT, TPX, ESI, KKD, CREE, GS, CROX, HLF, LNKD, LVS, RCL, SLW, SOHU, TSL, CSTR, SINA, VECO, COH, MCP, ARUN, CDE, CRM, FFIV, HAL, SLB, INFA, NTES, NVDA, VMW, WLT, IBM, ZAGG, UAL, TSLA, UCO, LDK, TLT, GES, DECK, GRPN, JNPR, V

Moving Above 30 DMA = 4

ANR, ICE, PCX, ZION

Moving Below 30 DMA = 3

ANF, HUM, TIF

Staying Below 30 DMA

NDAQ, SWN, TBT, RVBD, UCO, ATI, SNDK, GLW, FAZ

Seventeen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

Market Looking for its Shadow on Groundhog Day...Flat to Higher Open...

2012-02-02T06:00:00.000-08:00

BMO – ES +1.25 and NQ +2.75 futures are higher 30 minutes before the open in pre-market trading and point to a flat open…volume is light for pre-market with a more slightly more stocks quoting up than down…Financial stocks, XLF is up 1 cent on 13,800 shares in pre-market at this time…FAS is up 46 cents…

Weekly jobless claims fell more than expected to 367,000 Bernanke testifies before House Budget Committee today at 3 pm ET…

TLT is up 7 cents and the Euro is down 57 pips overnight trading …

Thursday Earnings – CME, DOW, MA, MCHP, PCX, RCL

NDX leaders AAPL, AMZN, BIDU, GOOG, PCLN and QCOM are higher…NFLX is slightly lower…

GMCR and QCOM are gapping up…

CMG, ANF and RCL are gapping down…

Dave’s Insight for Thursday: Lower Euro…flat bonds… Financials flat…setting up a flat open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

Watch for bounce continuation and follow your rules for stop adjustment or exit…the intermediate term trend is still up…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,331, 1,347, 1,356

Support: 1,315, 1,300, 1,292

Quoting Down – CMG, ANF, RCL, DLR, UAL, DECK, CSTR, CRM, UCO, DOW, LVS, DHR, KKD, FAZ, CTXS, NFLX,

Quoting Up – GMCR, GOLD, QCOM, V, SINA, FAS, LNKD, ARUN, GS, UNP, NKE, TIF, SNDK, MCP, CREE, SWKS, JDSU, DE, CIEN, FFIV, SOHU, POT, ROST, EA, CHKP, COST, FFIV, WYNN, SNDK, AKAM, NUAN, CELG, CHRW, MYL, BIDU, BRCM

No Balderdash...All Bull Flag Bounce Continuation as SPX Up Trend Continues...

2012-02-01T19:31:00.001-08:00

All nine sectors moved higher on Wednesday. XLF, XLI and XLK were the strongest sectors.

The SPY continued its bull flag support bounce rising to within 26 cents of T1, its Jan 26 high. Tuesday and Wednesday is a great example of why I teach to enter on the break above the high of the low day and place your stop below the low of the low day. It works! The intermediate term trend is still up.

Money Flow

Euro +78 pips 1.3160

TNX +0.47 18.46

TLT -1.67 119.18

XLF +0.23 14.28

SPX +11.68 1,324.09

VIX -0.89 18.55

RUT +2.12%

COMPQ +1.22%

SPX +0.89%

NDX +0.82%

INDU +0.66%

Money Flow was typical as the Euro rose and TNX moved higher and bonds closed lower. XLF and the SPX moved strongly higher. The most recent SPX breakout has a chart target of 1,428 within 12 weeks of the breakout.

The VIX moved down and did confirm the higher SPX on Wednesday.

(click image to enlarge)

SPY moved up $1.15 on volume of 165.8 million shares.

Breadth strengthened as advancers led decliners 4.80 to 1 on the NYSE and 3.20 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 2,504 1,939

Decliners 521 605

Bull flags with entry signals on Tuesday followed with bounce continuation on Wednesday included SPY, X, A, CF, PCLN, CRM and LVS.

ESI, VMW, INFA, CHKP, LRCX, CTXS, CREE, VECO gave bull flag entry signals on Wednesday. Those who placed conditional orders last night as suggested had some fun today when the market bounced.

(click image to enlarge)

NFLX, CAT, SOHU and CTRP are in a bull flag today…look for entry on Thursday.

AMZN -14.98, -7.70% closed higher than Wednesday’s open after reporting lower sales and guidance after the close on Tuesday.

Wednesday Earnings of Interest

BMC beat

CMG miss EPS, beat revenues

EA beat, lowers guidance

ENTR beat

GMCR beat

JDSU beat

LVS meet, beat revenues

QCOM beat

NDAQ beat

Earnings season continues…

Thursday – CME, DOW, MA, MCHP, PCX, RCL

Leading stocks > +2% on Wednesday GES, IL, GRPN, SINA, FAS, WDC, KKD, ZAGG, INFA, CREE, VECO, A, CROX, RCL, RVBD, CF, ENTR, JNPR, LDK, ESI, JDSU, DECK, X, BAC, NTES, HUM, WLT, C, ATI, STI, ARUN, FFIV, TBT, CIEN, LVS, CRM, VMW

Losing stocks < -2.0% included FAZ, MCP, TSL, SWN, UCO

NDX 100 stocks stronger than the NDX included STX, BRCM, MYL, NTAP, LRCX, FLEX, NUAN, SIRI, BIIB and AMGN.

Stocks weaker than the NDX include AMZN, CHRW, ATVI, EXPD, BMC, EA, AKAM, ALTR, SHLD and PCAR.

Four NDX stocks ADP, CERN, MYL and YHOO closed above the 30 DMA and three AMZN, ATVI and CHRW closed below the 30 DMA making 91 NDX stocks above their 30 DMA.

Stocks to Watch on Thursday

Holding Above 30 DMA = 69

Moving Above 30 DMA = 6

ANF, DECK, GRPN, HUM, JNPR, V

Moving Below 30 DMA = 0

Staying Below 30 DMA

ANR, NDAQ, SWN, TBT, ICE, RVBD, UCO, ATI, SNDK, ZION, GLW, PCX, FAZ

Seventeen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

AMZN Gap Down...STX, BMC Gap Up...Futures Point to a Higher Open...

2012-02-01T06:10:00.000-08:00

BMO – ES +8.50 and NQ +11.00 futures are higher 30 minutes before the open in pre-market trading and point to a higher open…volume is moderate for pre-market with a more stocks quoting up than down…Financial stocks, XLF is up 8 cents on 73,500 shares in pre-market at this time…FAS is up $1.46…

TLT is down 74 cents and the Euro is up 88 pips overnight trading …

Wednesday Earnings – BMC, CMG, EA, ENTR, GMCR, JDSU, LVS, QCOM, NDAQ

NDX leaders AAPL, BIDU, GOOG, NFLX, PCLN and QCOM are higher…AMZN -20.65 is gapping lower after earnings…

Dave’s Insight for Wednesday: Higher Euro…lower bonds… Financials higher…setting up a higher open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

Watch for a potential bounce entry on flag setups and follow your rules for stop adjustment or exit…the intermediate term trend is still up and Tuesday’s intra-day pull back appears to have been a modest low volatility move…

The SPY is following the Euro higher early this morning on lighter volume…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,315, 1,331, 1,347

Support: 1,300, 1,292, 1,277

Quoting Down – TLT, TPX, UNP, DLR

Quoting Up – CF, FAS, A, SINA, CAT, FFIV, WDC, WLT, CLF, VMW, CMG, CRM, UCO, MOS, IBM, COH, DE, LVS, FCX, HAL, CDE, SLW, RCL, X, CHL, C, ANR, SOHU, SNDK, ICE, PNRA, PCLN, STX, SHLD, ISRG, AAPL, GOLD, WYNN, BIDU, ALXN, BMC, BRCM, FSLR, GMCR, NFLX, FFIV, QCOM, KLAC, LIFE, NUAN, VRTX, CA, SBUX, SNDK, GOOG, INTC

SPX Pulls Back as Euro Moves Lower...AMZN Gaps Lower After-hours...

2012-01-31T14:21:00.001-08:00

Six of nine sectors moved higher on Tuesday. XLU, XLF and XLK were the strongest sectors.

The SPY broke above the high day the low day in a bull flag at the open but then reversed as the Euro started to give back its overnight gains. The SPY found support around 130.75 after the Euro found support around noon ET. The SPY did not fall below Monday’s low and closed down just five cents on Tuesday. The intermediate term trend is still up.

Money Flow

Euro -60 pips 1.3082

TNX -0.38 17.99

TLT +1.38 120.85

XLF +0.05 14.05

SPX -0.60 1,312.41

VIX +0.04 19.44

NDX +0.11%

COMPQ +0.07%

RUT +0.06%

SPX -0.05%

INDU -0.16%

Money Flow was typical as the Euro fell and TNX moved lower and bonds closed higher. XLF did rise again even though interest moved lower. The SPX closed slightly lower. The most recent SPX breakout has a chart target of 1,428 within 12 weeks.

The VIX moved slightly higher and did confirm the slightly lower SPX on Tuesday.

The SPX rose 4.3% and the NDX gained 8.3% for the month of January. The NDX closed Tuesday with a bull market new high close.

(click image to enlarge)

SPY moved down 5 cents on volume of 157.1 million shares.

Breadth strengthened as advancers led decliners 1.41 to 1 on the NYSE and 1.13 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 1,745 1,343

Decliners 1,229 1,179

Several bull flags gave entry signals on Tuesday including SPY and X which reported earnings before the open. AMZN -16.94, -8.71% reported lower sales and guidance after the close. Place some conditional orders tonight and have some fun tomorrow if the market bounces.

Tuesday Reports

AMZN miss revenues lower guidance

BRCM beat

MTW revenues beat

MAT EPS beat

STX beat

X beat

(click image to enlarge)

Earnings season continues…

Wednesday – BMC, CMG, EA, ENTR, GMCR, JDSU, LVS, QCOM, NDAQ

Thursday – CME, DOW, MA, MCHP, PCX, RCL

Leading stocks > +2% on Tuesday ZAGG, X, GRPN, COH, GES, GLW

Losing stocks < -2.0% included TSL, PCX, ANR, LDK, LNKD, ENTR, SOHU, CDE, SWN, TPX, TBT, KKD, NDAQ

NDX 100 stocks stronger than the NDX included VRTX, MAT, EA, SIRI, ALXN, BMC, GRMN, AMAT, FLEX and DELL.

Stocks weaker than the NDX include SHLD, NFLX, SPLS, FSLR, CTRP, BIDU, RIMM, APOL, ORCL and NWSA.

Two NDX stocks CHRW and COST closed above the 30 DMA and two closed below the 30 DMA leaving 90 NDX stocks above their 30 DMA.

Stocks to Watch on Wednesday

Holding Above 30 DMA = 67

Moving Above 30 DMA = 2

GES, TIF

Moving Below 30 DMA = 5

ANF, ANR, JNPR, NDAQ, SWN

Staying Below 30 DMA

TBT, V, ICE, RVBD, UCO, ATI, SNDK, ZION, GLW, HUM, GRPN, PCX, FAZ, DECK

Seventeen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Point to a Higher Open...Watch for Flag Entries...

2012-01-31T06:19:00.001-08:00

BMO – ES +6.00 and NQ +11.50 futures are higher 20 minutes before the open in pre-market trading and point to a higher open…volume is moderate for pre-market with a more stocks quoting up than down…Financial stocks, XLF is up 8 cents on 11,800 shares in pre-market at this time…FAS is up $1.45…

TLT is down 9 cents and the Euro is up 36 pips overnight trading …

NDX leaders AAPL, AMZN, GOOG and QCOM are higher…BIDU and NFLX are lower…PCLN is unchanged

Dave’s Insight for Tuesday: Higher Euro…flat bonds… Financials higher…setting up a higher open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

Watch for a potential bounce above the high of the low day and an entry into bull flags or other short-term bullish entries and follow your rules for stop adjustment or exit…the intermediate term trend is still up and the one day pull back appears to have been a modest low volatility move…

The SPY is following the Euro higher early this morning on lighter volume…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,315, 1,331, 1,347

Support: 1,300, 1,292, 1,277

Quoting Down – FAZ, SOHU, POT, A, ISRG, BIDU, NFLX, BIIB, MNST

Quoting Up – URE, CF, UCO, FAS, ATI, MCP, FFIV, WLT, LNKD, CAT, GS, TSLA, SLB, X, IBM, MOS, FCX, CLF, SLW, HAL, DE, CDE, VMW, LVS, SNDK, SWKS, C, CMG, ANR, JDSU, SINA, RCL, AAPL, GOOG, AMZN, GOLD, WYNN, PCAR, FSLR, MAT, PNRA, WFM, GMCR, KLAC, BRCM, NUAN, ALTR, QCOM, SBUX, STX, COST

SPX Forms Hammer in Flag Pullback as Euro Bounces from Daily Low...

2012-01-30T13:06:00.000-08:00

Eight of nine sectors moved lower on Monday. XLK, XLB and XLV were the strongest sectors.

The SPY broke below the low of the high day for the second straight day, only to rally and close at Thursday’s low. The SPY is forming a bull flag off Thursday’s high, so a short-term trader that was stopped out with a profit should now be looking for a potential re-entry. The intermediate term trend is still up.

Money Flow

Euro -76 pips 1.3142

TNX -0.61 18.37

TLT +1.39 119.47

XLF -0.13 14.00

SPX -3.32 1,313.01

VIX +0.87 19.40

NDX +0.14%

INDU -0.05%

COMPQ -0.16%

SPX -0.25%

RUT -0.81%

Money Flow was typical as the Euro fell and TNX moved lower and bonds closed higher. XLF did rise even though interest moved lower. The SPX closed lower. The most recent SPX breakout has a chart target of 1,428 within 12 weeks.

The VIX moved higher and confirm the lower SPX on Monday.

(click image to enlarge)

SPY moved down 45 cents on volume of 146.9 million shares.

Breadth weakened as decliners led advancers 1.69 to 1 on the NYSE and 1.94 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 1,103 860

Decliners 1,876 1,670

There are a lot of good looking bull flags in the watch list today. Place some conditional orders tonight and have some fun tomorrow if the market bounces.

(click image to enlarge)

Earnings season continues…

Tuesday – AMZN, BIIB, BRCM, CHRW, XOM, MTW, MAT, PCAR, STX, X

Wednesday – BMC, CMG, EA, ENTR, GMCR, JDSU, LVS, QCOM, NDAQ

Thursday – CME, DOW, MA, MCHP, PCX, RCL

Leading stocks > +2% on Monday LDK, FAZ, CRUS

Losing stocks < -2.0% included PCX, CREE, X, SOHU, IL, ZAGG, NTES, BAC, CIEN, AKS, JNPR, ESI, FAS, NDAQ, RVBD, ANR, TPX, TBT, DECK, WLT, KKD, C, GRPN, LNKD

NDX 100 stocks stronger than the NDX included PNRA, VRSN, MU, NUAN, QCOM, DELL, SBUX, NFLX, RIMM and MSFT.

Stocks weaker than the NDX include CTRP, SPLS, FSLR, VRTX, WYNN, KLAC, APOL, BBBY, ADSK and MNST.

Three NDX stocks APOL, CHRW and YHOO closed below the 30 DMA leaving 90 NDX stocks above their 30 DMA.

Stocks to Watch on Tuesday

Holding Above 30 DMA = 72

WDC, DLR, IL, URE, CMG, DE, DOW, ENTR, FAS, SWK, UNP, F, NKE, CIEN, CRUS, SMH, SWKS, JDSU, NGLS, AKS, BAC, CF, CHL, DHR, STI, X, A, C, CAT, CLF, FCX, MOS, POT, TPX, ESI, KKD, CREE, GS, JNPR, CROX, HLF, LNKD, LVS, RCL, SLW, SOHU, TSL, CSTR, SINA, VECO, COH, MCP, ARUN, CDE, CRM, FFIV, HAL, NDAQ, SLB, INFA, NTES, NVDA, VMW, WLT, IBM, ZAGG, UAL, TSLA, UCO, ANF, ANR, LDK, SWN

Moving Above 30 DMA = 1

TLT

Moving Below 30 DMA = 2

TBT, V

Staying Below 30 DMA

ICE, RVBD, UCO, ATI, GES, SNDK, ZION, GLW, HUM, GRPN, TIF, PCX, FAZ, DECK

Sixteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Point to a Lower Open Following the Euro Lower...

2012-01-30T06:12:00.001-08:00

BMO – ES -12.00 and NQ -20.75 futures are lower 30 minutes before the open in pre-market trading and point to a lower open…volume is moderate for pre-market with a more stocks quoting down than up…Financial stocks, XLF is down 16 cents on 162,300 shares in pre-market at this time…FAS is down $2.55…

TLT is up $1.79 and the Euro is down 130 pips overnight …

NDX leaders AAPL, AMZN, BIDU, GOOG, PCLN and QCOM are lower…NFLX is higher…

Dave’s Insight for Monday: Lower Euro…Higher bonds… Financials lower…setting up a lower open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

Watch for a potential move below the low of the high day and a break of short term on any positions and follow your rules for stop adjustment or exit…the intermediate term trend is still up and any pull back is likely to be a low volatility move…

The SPY is following the Euro lower early this morning on light volume…

Chart Signals will be watching the Euro, XLF and the VIX...

SPX

Resistance: 1,315, 1,331, 1,347

Support: 1,300, 1,292, 1,277

Quoting Down – PCLN, GOOG, WYNN, MNST, AAPL, AMZN, GOLS,CELG, CF, FAS, CRM, IBM, GS, WLT, CAT, CLF, DEC, SLB, V, SOHU, VMW, FCX, X, UCO, POT, CMG, SINA, SLW, LVS, COH, ESI, SNDK, MOS, ATI, DECK, TBT, ANR, HAOL, RCL, DOW, RVBD, WDC, SWK, LNKD, CHL, C, AKS, SMH, NVDA, TSL, WFM, FSLR, IDU, SNDK, SBUX, SPLS, QCOM, TEVA, VRTX, BRCM, ORCL

Quoting Up – TLT, DLR, FAZ, ANF, INFY

SPX Pauses, NDX Moves Higher as Euro and Financials Rise...

2012-01-27T13:02:00.000-08:00

Listen to Dave with Tom on tastytrade at the 128:15 minute mark, Click Here: https://www.tastytrade.com/#/

Three of nine sectors moved higher on Friday neutralizing Thursday’s weakness. XLF, XLB and XLV were the strongest sectors.

Thursday’s short-term Yellow Alert did not follow through with a break of support. So a trader should continue to watch for a potential break below the low of the high day and the short term support area on Monday. The intermediate term trend is still up. Friday’s trading range was just 8 points.

Money Flow

Euro +112 pips 1.3218

TNX -0.33 18.98

TLT +0.37 118.08

XLF +0.05 14.13

SPX -2.10 1,316.33

VIX -0.04 18.53

RUT +0.75%

COMPQ +0.40%

NDX +0.29%

SPX -0.16%

INDU -0.58%

Money Flow was mixed as the Euro rose and TNX moved lower and bonds closed higher. XLF rose and the SPX closed lower. The most recent SPX breakout has a chart target of 1,428 within 12 weeks.

The lower VIX did not confirm the lower SPX on Friday.

(click image to enlarge)

Breadth strengthened as advancers led decliners 1.85 to 1 on the NYSE and 1.83 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 1,927 1,600

Decliners 1,040 870

SPY moved down 6 cents on volume of 135.2 million shares. FSLR +4.60, +11.24% completed a reversal pattern with a breakout of short term resistance as it reached its highest level since early December. RVBD -5.47, -18.28% collapsed after positive earnings and lower guidance for Q1.

(click image to enlarge)

Earnings season continues…

Monday – BIDU

Tuesday – AMZN, BIIB, BRCM, CHRW, XOM, MTW, MAT, PCAR, STX, X

Wednesday – BMC, CMG, EA, ENTR, GMCR, JDSU, LVS, QCOM, NDAQ

Thursday – CME, DOW, MA, MCHP, PCX, RCL

Leading stocks > +2% on Friday INFA, SINA, TSL, KKD, UAL, SOHU, IL, LNKD, ANR, LDK, ESI, MCP, PCX, POT, CSTR, CF, SLW, CDE, GS, ANF, WLT, ZAGG, GRPN, HAL, NTES, MOS, SWN

Losing stocks < -2.0% included RVBD, CRUS, JDSU, F, JNPR, CLF, ATI, CIEN

NDX 100 stocks stronger than the NDX included FSLR, NFLX, GMCR, BIDU, STX, KLAC, RIMM, EA, EXPE and WCRX.

Stocks weaker than the NDX include SIRI, ESRX, MU, FOSL, AMAT, CHRW, CSCO, TEVA, FLEX and LIFE.

TWO NDX stocks ATVI and YHOO closed above the 30 DMA making 93 NDX stocks above their 30 DMA.

Stocks to Watch on Monday

Holding Above 30 DMA = 70

Moving Above 30 DMA = 4

ANF, ANR, LDK, SWN

Moving Below 30 DMA = 3

ICE, RVBD, UCO

Staying Below 30 DMA

ATI, GES, SNDK, ZION, GLW, HUM, GRPN, TLT, TIF, PCX, FAZ, DECK

Sixteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Point to a Lower Open after GDP 2.8%, RVBD, JNPR, F Gap Down

2012-01-27T06:20:00.000-08:00

BMO – ES -6.75 and NQ -6.25 futures are lower 30 minutes before the open in pre-market trading and point to a lower open…volume is moderate for pre-market with a more stocks quoting down than up…Financial stocks, XLF is down 10 cents on 190,100 shares in pre-market at this time…FAS is down $1.28…Q4 GDP reported at 2.8% below 3.0% estimate, highest level in 1 ½ years…

Gap Down - Negative Reactions to RVBD, JNPR and F earnings

Gap Up - INFA

TLT is down 13 cents and the Euro is up 8 pips overnight …

NDX leaders AMZN, GOOG, NFLX and PCLN are higher…AAPL is lower…PCLN and QCOM are flat…

Dave’s Insight for Friday: Flat Euro…flat bonds… Financials lower…setting up a lower open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

Watch for a potential move below the low of the high day on any positions and follow your rules for stop adjustment or exit…the intermediate term trend is still up and any pull back is likely to be a low volatility move…

The SPX is following the Euro lower early this morning on light volume…

Friday earnings of interest – MO, CVX, DHI, F, HON, PG

Chart Signals will be watching the Euro, XLF and the VIX...

SPX

Resistance: 1,331, 1,347, 1,356

Support: 1,315, 1,300, 1,292

Quoting Down – RVBD, CLF, FFIV, JNPR, CMG, CRM, VMW, FAS, TSLA, F, WLT, SWK, UNP, ARUN, GS, DE, CAT, SLB, X, POT, SINA, ANR, DECK, CIEN, CRUS, MOS, UCO, JDSU, LVS, FCX, SNDK, CREE, SOHU, FOSL, WCRX, BRCM, CTXS, SBUX, AAPL, FSLR, ALTR, MRVL, CSCO, NTAP

Quoting Up – INFA, HAL, IBM, CHL, FAZ, V, SIAL, VRSN, VRTX, PNRA, KLAC, BIIB, GOLD, GMCR, GOOG, STX, CTSH, BIDU, NUAN, WYNN, INFY

NFLX Gaps Up, SPX Hits Target Reverses, Potential Yellow Alert...

2012-01-26T22:56:00.000-08:00

Eight of nine sectors moved lower on Thursday. XLU, XLB and XLY were the strongest sectors.

Thursday is once again a potential short-term Yellow Alert exit signal. Watch for a potential break below the low of the high day on Friday. The intermediate term trend is still up. Thursday’s net pullback was modest although the SPX was down 15 points from its high after reaching its 1,332 price target from its January 3 horizontal breakout.

Money Flow

Euro +00 pips 1.3106

TNX -0.76 19.31

TLT +1.54 116.17

XLF -0.12 14.08

SPX -7.63 1,318.43

VIX +0.26 18.57

INDU -0.18%

RUT -0.34%

NDX -0.45%

COMPQ -0.46%

SPX -0.58%

Money Flow was a little atypical at the end of the day with the Euro flat after rising early and pulling back. TNX was lower and bonds closed higher. XLF and the SPX closed lower. The most recent SPX breakout has a chart target of 1,428 within 12 weeks.

The VIX did confirm the SPX today.

(click image to enlarge)

SPY moved down 68 cents on volume of 184.8 million shares. NFLX +20.97, +22.06% reached its highest level since October. RVBD gapped lower -13.77% after the close with earnings that beat but at the same time lowered guidance for Q1.

Breadth weakened as decliners led advancers 1.03 to 1 on the NYSE and 1.21 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 1,474 1,137

Decliners 1,532 1,376

Thursday’s Earnings of Interest

RVBD beat lowers guidance

INFA beat

UAL beat

LCC beat

ALK miss

CAT beat raise guidance

MMM beat

CRUS meet

JNPR meat lowers guidance

ESI beat enrollment down

KLAC EPS meet revenues beat

(click image to enlarge)

Earnings season continues…

Friday – MO, CVX, DHI, F, HON, PG

Leading stocks > +2% on Thursday UAL, LDK, TSLA, ENTR, KKD, CAT, IL

Losing stocks < -2.0% included SNDK, ESI,ZION, STI, ATI, CF, SWN, PCX, X, A, SINA, GLW, GRPN, HUM, MCP, TBT, INFA, ANR, AKS, ANF

NDX 100 stocks stronger than the NDX included NFLX, FSLR, AMZN, FOSL, CHRW, VMED, LINTA, SBUX, INFY and EXPD.

Stocks weaker than the NDX include SNDK, MU, CTXS, GMCR,WCRX, APOL, LRCX, SIAL, WFM and PCAR.

Three NDX stocks COST, SNDK and VOD closed below the 30 DMA leaving 91 NDX stocks above their 30 DMA.

Stocks to Watch on Friday

Holding Above 30 DMA = 73

WDC, DLR, IL, URE, CMG, DE, DOW, ENTR, FAS, SWK, UNP, F, NKE, CIEN, CRUS, SMH, SWKS, JDSU, NGLS, AKS, BAC, CF, CHL, DHR, STI, X, A, C, CAT, CLF, FCX, MOS, POT, TPX, ESI, RVBD, KKD, CREE, GS, JNPR, CROX, HLF, LNKD, LVS, RCL, SLW, SOHU, TSL, CSTR, SINA, VECO, COH, MCP, ARUN, CDE, CRM, FFIV, HAL, NDAQ, SLB, INFA, NTES, NVDA, TBT, VMW, WLT, IBM, ZAGG, ICE, UAL, V, TSLA, UCO

Moving Above 30 DMA = 0

Moving Below 30 DMA = 7

ANF, ANR, ATI, GES, SNDK, SWN, ZION

Staying Below 30 DMA

GLW, HUM, LDK, GRPN, TLT, TIF, PCX, FAZ, DECK

Sixteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

NFLX, CAT Gap Higher Following EPS, Futures Point to a Higher Open...

2012-01-26T06:04:00.001-08:00

BMO – ES +6.00 and NQ +7.75 futures are higher 40 minutes before the open in pre-market trading and point to a higher open…volume is moderate for pre-market with a more stocks quoting up than down…Financial stocks, XLF is up 8 cents on 42,300 shares in pre-market at this time…FAS is up $1.18…reaction was positive to the Fed policy statement on Wednesday…

TLT is up 60 cents and the Euro is up 67 pips overnight …

NFLX is up $19.22 following strong earnings after the close on Wednesday…

NDX leaders AAPL, AMZN, GOOG, NFLX, PCLN and QCOM are higher…BIDU is lower…

Dave’s Insight for Thursday: Higher Euro…bonds higher… Financials higher…setting up a higher open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

The SPX is following the Euro higher early this morning on light volume…

Thursday earnings of interest – MMM, ALK, AMGN, T, CAT, CELG, CRUS, INFA, ESI, JNPR, KLAC, MXIM, POT, RVBD, UA, UAL, VRSN

Chart Signals will be watching the Euro to see its 30 DMA breakout continuation move, XLF and the VIX to see if it holds its down trend...

SPX

Resistance: 1,331, 1,347, 1,356

Support: 1,315, 1,300, 1,292

Quoting Down – SNDK, CSTR, CF, POT, COH, MOS, FAZ, ESI, SWK, MNST, LRCX, BIDU, VOD, CELG

Quoting Up – NFLX, CAT, FAS, CLF, DE, UCO, CRM, UAL, GS, WLT, SLB, V, RCL, TLT, FCX, X, SINA, SLW, C, CROX, ANR, HAL, VECO, MCP, WDC, CRUS, VMW, CDE, SWKS, SWN, PCX, GOOG, CTXS, GOLD, AAPL, PCAR, WFM, WYNN, NUAN, AMZN, FSLR, GMCR, LIFE, SBUX

Big Move After Euro Finds Support on its 30 DMA...NFLX Beats After Close, Gaps Higher...

2012-01-25T16:16:00.000-08:00

Remember those SPX chart targets we keep posting, the 1,363 target when the SPX broke out in October, the 1,332 target in our Jan 13 post and the 1,428 target within 12 weeks in our Jan 18 post?

While it is true the October breakout did not reach its price target within the estimated 12 weeks which was the end of the year, that target looks achievable in the near future. The SPX closed within 6 points of its 1,332 chart target today. By the end of March for the 1,428 target, just 102 more points, it doesn't seem as absurd as when we first posted it, does it?

Did earnings and guidance from AA, INTC, IBM, MSFT, WFC, BAC, GS, LLTC, XLNX, TXN, VMW, WDC, COH and finally AAPL on Tuesday provide evidence that the institutions did have a reason to by buying last month, that they were buying because the economy was getting stronger and once again their buying was in the chart over the last six weeks?

And all you had to do was believe the charts...

I hope so and I hope you have been making money hand over fist this month because you positioned yourself in line with the Chart Signals!

All nine sectors moved higher on Wednesday. XLU, XLB and XLE were the strongest sectors.

Money Flow

Euro +92 pips 1.3106

TNX -0.57 20.07

TLT -0.28 116.17

XLF +0.03 14.20

SPX +11.41 1,326.06

VIX -0.60 18.31

NDX +1.30%

COMPQ +1.14%

RUT +0.93%

SPX +0.87%

INDU +0.64%

Money Flow was a little atypical at the end of the day with the Euro higher, TNX lower and bonds closing slightly lower. XLF slightly higher and the SPX moved higher following AAPL and other strong earnings reactions. The SPX made its highest close since July 26. The SPX most recent breakout has a chart target of 1,428 within 12 weeks.

The VIX did confirm the SPX today.

(click image to enlarge)

SPY moved up $1.10 on volume of 198.4 million shares, its highest daily volume of 2012. AAPL +26.25, +6.24% reached a new all-time closing high.

Breadth strengthened as advancers led decliners 3.16 to 1 on the NYSE and 1.97 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 2,287 1,682

Decliners 723 851

Wednesday’s Earnings of Interest

NFLX beat

DAL beat

LRCX beat

BA beat

LCC beat

UTX EPS beat revenue miss

SWK beat

CTXS beat lowers guidance

SNDK beat lowers guidance

ADP meat

ATI miss

GLW miss

(click image to enlarge)

Earnings season continues…

Thursday – MMM, ALK, AMGN, T, CAT, CELG, CRUS, INFA, ESI, JNPR, KLAC, MXIM, POT, RVBD, UA, UAL, VRSN

Friday – MO, CVX, DHI, F, HON, PG

Leading stocks > +2% on Wednesday TPX, AKS, SLW, MCP, CDE, PCX, LNG, UAL, CF, X, FCX, ANR, WLT, RVBD, LVS, CLF, SWK, A, ESI, SWN, CAT, ANF, URE, ZAGG, SNDK, DECK, UNP, ZION, SLB, TSLA

Losing stocks < -2.0% included GLW, LDK, GRPN, JNPR

NDX 100 stocks stronger than the NDX included CA, RIMM, AAPL, LIFE, ISRG, GOLD, FOSL, BIDU, NFLX and SIAL.

Stocks weaker than the NDX include ATVI, SHLD, GOOG, NWSA, XLNX, MCHP, MU, MXIM, YHOO and DLTR.

Four NDX stocks CHRW, COST, ISRG and RIMM closed above the 30 DMA and two stocks ATVI and YHOO closed below the 30 DMA making 94 NDX stocks above their 30 DMA.

Stocks to Watch on Thursday

Holding Above 30 DMA = 75

WDC, DLR, IL, URE, CMG, DE, DOW, ENTR, FAS, SWK, UNP, F, NKE, ATI, CIEN, CRUS, SMH, SWKS, ZION, JDSU, NGLS, AKS, BAC, CF, CHL, DHR, STI, X, A, C, CAT, CLF, FCX, MOS, POT, TPX, ESI, RVBD, SNDK, KKD, CREE, GS, JNPR, CROX, HLF, LNKD, LVS, RCL, SLW, SOHU, TSL, CSTR, SINA, VECO, COH, MCP, ARUN, CDE, CRM, FFIV, HAL, NDAQ, SLB, INFA, NTES, NVDA, TBT, VMW, WLT, IBM, ZAGG, GES, ICE, UAL, V

Moving Above 30 DMA = 5

ANF, ANR, SWN, TSLA, UCO

Moving Below 30 DMA = 2

GLW, HUM

Staying Below 30 DMA

LDK, GRPN, TLT, TIF, PCX, FAZ, DECK

Sixteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

.

NQ Higher...ES Lower Following AAPL EPS...Fed Policy Statement Later Today...

2012-01-25T06:14:00.000-08:00

BMO – ES -3.75 and NQ +18.25 futures are mixed 30 minutes before the open in pre-market trading and point to a mixed open…volume is moderate for pre-market with a more of stocks quoting modestly lower than up…Financial stocks, XLF is down 5 cents on 16,200 shares in pre-market at this time…FAS is down 99 cents…Fed policy statement at 12:30 pm ET and Bernanke news conference at 2:15 pm ET…

TLT is down 6 cents and the Euro is down 75 pips overnight …Political and business leaders gather in Davos, Switzerland for three days at the World Economic Forum…

AAPL is up $38 to a new all-time high in pre-market trading following blow away earnings after the close on Tuesday…

NDX leaders AAPL, AMZN, BIDU, NFLX, PCLN and QCOM are higher…GOOG is moderately lower…

Dave’s Insight for Wednesday: Lower Euro…bonds flat… Financials lower…setting up a mixed open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

Now that AAPL earnings are out market can see a net positive number of large companies reporting better than expected…the SPX managed just a 10 point intra-day pull back on Tuesday…the SPX is following the Euro lower early this morning on lighter volume, likely pausing before the Fed policy statement and Bernanke’s news conference later…

Wednesday earnings of interest – ATI, ADP, BA, CTXS, COP, GLW, DAL, LRCX, NFLX, SNDK, SWK, SYMC, LCC, UTX

Chart Signals will be watching the Euro to see if the 30 DMA breakout on Monday and return move test this morning holds as it did last October 18 and the VIX to see if it holds its down trend...

SPX

Resistance: 1,315, 1,331, 1,347

Support: 1,300, 1,292, 1,277

Quoting Down – ATI, GS, GLW, UCO, FAS,SINA, COH, CF, IBM, NVDA, POT, SLB, MOS, ICE, V, FCX, DE, C, HUM, X, HLF, CLF, HAL, ALTR, GOOG, AMGN, WFM, GMCR, VOD, CELG, GOLD

Quoting Up – AAPL, TPX, WLT, SNDK, SOHU, CRUS, A, CRM, SWKS, DECK, RVBD, UAL, SMH, FFIV, VMW, FAZ, CA, LIFE, NUAN, BRCM, PCLN, AVGO, QCOM, BIDU, AMZN, BMC, CTXS, CTSH, FST, WYNN, AKAM, SBUX,ESRX, GIDL, NTAP, FSLR

AAPL Blows Away EPS and Revenue Estimate...AAPL Up $30...

2012-01-24T13:32:00.001-08:00

AAPL posted Q4 EPS of $13.87 vs. $10.10 estimate and revenue of $46.33 bln. vs. $38.9 bln. estimate. iPad unit sales of 15.42 million also exceeded expectations. AAPL also raised guidance for Q1 2012. Stock to resume trading at 4:50 pm ET.

TPX beats revenue, earnings and raises guidance...

4:46 pm ET - NQ futures up 22 points look for AAPL to gap higher when trading resumes...

Three of nine sectors moved higher on Tuesday. XLY, XLI and XLV were the strongest sectors.

Money Flow

Euro +10 pips 1.3024

TNX -0.03 20.64

TLT +0.21 116.45

XLF -0.02 14.17

SPX -1.35 1,314.65

VIX +0.24 18.91

RUT +0.67%

COMPQ +0.09%

SPX -0.10%

NDX -0.13%

INDU -0.26%

Money Flow did follow the Euro lower at the open and moved higher as the Euro found support. TNX was down slightly and bonds closed slightly higher. XLF and the SPX moved slightly lower. The SPX has a new chart target of 1,428 within 12 weeks.

The VIX did confirm the SPX today.

As we posted last night AAPL earnings reaction to the upside after the close today has already sent the direction of the short-term trend higher.

(click image to enlarge)

SPY moved down 15 cents on volume of 102.9 million shares. After the close AAPL reported blow away earnings and SPY rose 54 cents in after hours trading.

Breadth strengthened as advancers led decliners 1.16 to 1 on the NYSE and 1.49 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 1,619 1,491

Decliners 1,376 1,000

Tuesday’s Earnings of Interest

AAPL beat

AKS beat

ALTR beat

COH beat

DD beat

JNJ beat

MCD beat

TPX beat

YHOO beat

TRV EPS miss, revenues beat

VZ EPS miss, revenues beat

STLD EPS beat, revenues miss

AMD EPS beat, revenues miss

(click image to enlarge)

Earnings season continues…

Wednesday – ATI, ADP, BA, CTXS, COP, GLW, DAL, LRCX, NFLX, SNDK, SWK, SYMC, LCC, UTX

Thursday – MMM, ALK, AMGN, T, CAT, CELG, CRUS, INFA, ESI, JNPR, KLAC, MXIM, POT, RVBD, UA, UAL, VRSN

Friday – MO, CVX, DHI, F, HON, PG

Leading stocks > +2% on Tuesday VMW, WDC, COH, A, ARUN, CROX, ANF, TPX, WLT, WLT, JNPR, HAL, UAL, TSLA, CRM, NVDA, JDSU

Losing stocks < -2.0% included ZION, ANR, VECO, LDK, ZAGG, POT, SWN, SLW

NDX 100 stocks stronger than the NDX included GMCR, ADSK, LIFE, LRCX, ADBE, NVDA, BRCM, BMC, FOSL and ATVI.

Stocks weaker than the NDX include RIMM, SHLD, WCRX, MYL, GOLD, VRTX, BIDU, AAPL, MRVL and NFLX.

Two NDX stocks ATVI and DTV closed above the 30 DMA and three stocks CHRW, MYL and RIMM closed below the 30 DMA leaving 92 NDX stocks above their 30 DMA.

Stocks to Watch on Wednesday

Holding Above 30 DMA = 75

WDC, DLR, IL, URE, CMG, DE, DOW, ENTR, FAS, HUM, SWK, UNP, F, NKE, ATI, CIEN, CRUS, SMH, SWKS, ZION, JDSU, NGLS, AKS, BAC, CF, CHL, DHR, STI, X, A, C, CAT, CLF, FCX, MOS, POT, TPX, ESI, RVBD, SNDK, GLW, KKD, CREE, GS, JNPR, CROX, HLF, LNKD, LVS, RCL, SLW, SOHU, TSL, CSTR, SINA, VECO, COH, MCP, ARUN, CDE, CRM, FFIV, HAL, NDAQ, SLB, INFA, NTES, NVDA, TBT, VMW, WLT, IBM, ZAGG, GES, ICE

Moving Above 30 DMA = 1

UAL

Moving Below 30 DMA = 4

ANR, LDK, SWN, UCO

Staying Below 30 DMA

V, GRPN, TLT, ANR, TIF, PCX, ANF, FAZ, TSLA, DECK, SWN

Sixteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Point to a Lower Open...VMW, COH, WDC Set to Gap Up...

2012-01-24T05:51:00.001-08:00

Market awaits AAPL after the close...

1:40 pm ET - The Euro has bounced off on Monday's S1 level and the SPY has rallied of its low...leading stocks include VMW, COH, WDC, GMCR, LIFE, LRCX, ADSK, BMC, NVDA

Be mindful of the earnings date and time of the stocks you trade and follow your rules.
Flagging stocks to watch - CREE, CIEN, TXN, CF, DE, LNKD, MCP, SINA, SLB, TSL, UNP, V, AMZN, ATI, RVBD, JNPR, SNDK, SWK, TPX

BMO – ES -7.75 and NQ -11.25 futures are lower 30 minutes before the open in pre-market trading and point to a lower open…volume is light for pre-market with a more of stocks quoting down than up…Financial stocks, XLF is down 14 cents on 63,700 shares in pre-market at this time…FAS is down $2.18…

TLT is up 57 cents and the Euro is down 58 pips overnight …

TXN which gapped up in the after hours will not gap above last nights entry so we may find another setup in the market pulls back…BAC going to open lower so similar situation here from last nights’ paper trades…

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are lower…

Dave’s Insight for Tuesday: Lower Euro…bonds higher… Financials lower…setting up a lower open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

The market awaits AAPL earnings after the close today…the SPX has been poised to pull back up to 20 points inside its up trend and is following the Euro lower early this morning on light volume…

Tuesday earnings of interest – AMD, AKS, ALTR, AAPL, DD, JNJ, MCD, STLD, TRV, VZ, YHOO

Chart Signals will be watching the Euro to see if the support bounce continues and leads to a trend reversal and the VIX to see if it holds its down trend...

SPX

Resistance: 1,315, 1,331, 1,347

Support: 1,300, 1,292, 1,277

Quoting Down – CMG, FAS, IBM, UNP, WLT, CAT, ZION, CF, GS, SLB, SINA, POT, CLF, DE, UCO, MOS, CRM, ANR, C, MCP, FCX, V, DOW, HAL, LVS, X, VECO, SLW, ZAGG, NTES, ANF, AAPL, GOLD, AMZN, GOOG, NFLX, CTSH, WYNN, CHKP, XLNX, GMCR, DLTR, BIDU, QCOM, PNRA, FSLR, CELG, LIFE

Quoting Up – VMW, COH, WDC, FAZ, TLT