After the close on Tuesday AMZN +6.36% rose 13.62, TPX +8.82% rose 5.82, LVS +4.73% rose 2.19, while ILMN -7.82% fell -5.45, JNPR -17.00% fell -5.30, PNRA -4.86% fell -6.28 after reporting earnings.
Earnings losers that reported this morning included AKS -17.46%, PCAR -10.68%, X -8.29%, AMLN -7.29%, SIAL -4.82%, UA -4.00%, F -1.75%
Earnings winners that reported this morning included RF +3.38%, LMT +1.92%, BIIB +0.97%
BIDU +5.00% rose 7.82, BRCM +9.42% rose 3.29, TXN +0.32% rose 10 cents, while NFLX -5.19% fell -14.62 closed $11 higher than it opened.
The SPX closed just below Thursday’s S1 level down -5.49 at 1,331.94.
(click image to enlarge)
NDX white spinning top, above resistance, above 30 DMA +0.22%
SPX black candle, bull flag, above S2, above 30 DMA -0.41%
INDU black candle, flag, potential ascending triangle, above 30 DMA -0.73%
COMPQ spinning top, above 30 DMA -0.10%
RUT black candle, above 30 DMA -0.79%
Breadth strengthened as decliners led advancers 1.97 to 1 on the NYSE and 1.89 to 1 on the NASDAQ …
Exchange NYSE NASDAQ
Advancers 1,001 891
Decliners 1,976 1,687Index Change Close Direction Confirmation
VIX +0.88 20.23 Up Yes – SPX
SOX +3.39 406.47 Up No – COMPQ
We alerted you this morning to the horizontal breakout setup and entry on MCP. SWKS gave an S1 support bounce flag setup and entry.
Leading stocks > +2% on Tuesday included MCP, SOHU, NTES, VECO, SWKS
Losing stocks < -2.0% included AKS, PCX, X, CSTR, ANR, CROX, A, WLT, CLF, NVDA, ATI, DHR, ZION
Positives – NDX, SOX, Euro, TLT, AAPL, AMZN, BIDU, GOOG, PCLN
Negatives – SPX, INDU, RUT, TNX, NFLX
Only one of nine sectors moved higher on Tuesday. Technology XLK +0.45% and Financials XLF -0.13% were the strongest sectors.
Interest rates TNX closed -0.53, bond ETF TLT rose 65 cents and Financials XLF was down 2 cents. The Euro moved up 134 pips to close at 1.4375 at 5 pm on Tuesday.
SPX
Resistance: 1,344, 1,359, 1,370
Support: 1,330, 1,321, 1310
The short term 3 day trend is down.
The six-month trend is neutral.
The twelve-month trend is up.
Trade with the trend of the chart you are trading.
Bullish entry signal is a bounce off support and a break above the high of the low day or a break out of horizontal resistance.
Bearish entry signal is a break of short term support or a bounce down from the 30 DMA or other resistance.
AAPL +4.91 – white candle continuation, new high close, above 30 DMA
AMZN +0.69 – black candle, above 30 DMA
BIDU +7.82– white candle breakout, above 30 DMA
GOOG +3.54 – white candle continuation, above 30 DMA
NFLX -14.62 – – large white candle, close below 30 DMA
PCLN +3.92– white candle, not confirm shooting star, above 30 DMA
QCOM -0.27 – spinning top, barely confirms shooting star, above 30 DMA
NDX 100 stocks stronger than the NDX include BRCM, BIDU, URBN, APOL, RIMM, CTRP, VOD, SPLS, FFIV and YHOO.
Stocks weaker than the NDX include PCAR, NFLX, SIAL, ILMN, HSIC, SHLD, LIFE, NVDA, JOYG and XRAY.
Stocks to Watch on Wednesday
Holding Above 30 DMA
TIF, CROX, GMCR, AGU, CMG, HLF, VMW, ATW, NGLS, CLF, ESI, ACN, ICE, POT, CAM, CAT, COH, CRUS, DECK, DLR, FCX, LVS, NKE, NTES, SLB, SWN, URE, V, SINA, SOHU, WTW, ANF, CDE, SLW, CF, IAG, ANR, ATI, MOS, DLR, WLT, CHL, CY, MCP, UCO, MHS, DOW, FAS, GS, STI, UNP, CIEN, CRM, LDK, SMH, SNDK, SWKS, WDC
Moving Above 30 DMA = 2
JNPR, NDAQ
Moving Below 30 DMA = 8
AKS, CSTR , DE , PCX, TBT, TPX, X, ZION
Staying Below 30 DMA
CREE, KKD, NETL, TLT, DHR, FFIV, SWK, UNG, ARUN, FAZ, RVBD, HUM, ENTR, INFA, A, F, GES, HAS, BAC, TSL, UAL, VECO, NVDA, FWLT, JDSU, GLW , IL
Intermediate Term Market Trend: Neutral
Short Term Market Trend: Neutral
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