(click image to enlarge)
Exchange NYSE NASDAQ
Advancers 904 882Decliners 2,118 1,726
(click image to enlarge)
Index Direction ConfirmationVIX Up Yes – SPX
SOX Up No – COMPQ
Leading stocks on Thursday included FAZ, MHS, CSTR, SINA, NFLX, AMD, CREE, NTES, FFIV, MOS, ESI, UNG, RVBD, USD, AMX, CMG, GES, V, UCO, ACN, CAM, PNC, TLT, HANS, USO, SWN
Losing stocks included FAS, URE,IPI, X, AKS, AIV, LVS, ATI, AGU, FLS, BUCY, SPG, SWK, ZION, STI, GS, BYI, BA, FDX, WLT, GR, PCP, BAC, CLF, HLF, UNP, ICE, UPS, DLR, DOW, SNDK, DHR, VMW, JEC, DE, NETL, LXK, UAUA, CRM, WHR, ATW, NYX, WFMI, VOD
NFLX moved to its 160 price target.
Bull Flag Setups for Friday: RVBD, LXK, DE, CRM, AGU, AKAM, BUCY, CMG, DHR, FFIV, GES, GMCR, HLF, JOYG, NTAP, PCLN, PCP, SINA, SPG. TSL, VOD, VMW
(click image to enlarge)
SPX
Resistance: 1,148, 1,170
Support: 1,130, 1,115, 1,100
The SPX pulled back for the third straight day.
Enter bullish trades with a bounce off support and a break above the high of the low day as many up trending stocks are in two day bull flags right now.
Exit short term trades according to your rules with a break below the low of the high day. Wait on bearish entry signals for a bounce down from resistance or a break of the low of the high day.
The VIX rose +1.36 to 23.87, and is still below the 25 benchmark level.
The short term 3 day trend is down.
The three-month trend is neutral.
The twelve-month trend is up.
Continue to focus on and trade setups on the charts of the stocks you watch. Trade with the trend of the chart and follow your rules.
AAPL +1.17 – potential shooting star
QCOM +0.35 – white candle did not confirm potential hanging man
GOOG -2.52 – potential shooting star
BIDU +3.22 – large white candle did not confirm inside day
NDX 100 stocks stronger than the NDX include: HOLX, BIDU, BBBY, NIHD, KLAC, MXIM, NVDA, ROST, ESRX, CTXS, GRMN, RYAAY, LLTC, AKAM and AMAT.
Stocks weaker than the NDX: WYNN, FWLT, JOYG, SRCL, MICC, JBHT, FLIR, EXPD, DELL, SBUX, LOGI, VRSN, CHRW, ADSK and WCRX.
Stocks to Watch on Friday
Holding Above 30 DMA
HLF, PCLN, RVBD, AGU, MCD, POT, FFIV, LVS, NFLX, VMW, CMG, CRM, TSL, FCX, SINA, SPG, VOD, AIV, BUCY, CAM, DE, DHR, DOW, PCP, SWK, UNP, UPS, URE, WLT, WMT, A, GMCR, HAS, IPI, JEC, LXK, CAT, ICE, FLS, GS, MHS, ATW, STI, ACN, ATI, AMX, GES, PNC, RMBS, ZION, NDAQ, UAUA, USD, VECO, MA, NETL, ESI, GME, HSY, WFMI, CHL, FDX, NTRI, AMD, TIE, TLT, V
Moving Above 30 DMA = 0
Moving Below 30 DMA = 9
AKS, ATI, BA, BAC, CLF, DLR, GR, GS, WHR
Staying Below 30 DMA
BYI, DECK, HANS, NYX, TBT, PNC, X, NTES, UCO, USO, FAZ, CSTR, SNDK, CRUS, CREE, SWN, UNG, SKX
Intermediate Term Market Trend: Neutral
Short Term Market Trend: Down
No comments:
Post a Comment