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
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, RCLLeading 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
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, TBT, VMW, WLT, IBM, ZAGG, UAL, V, TSLA, UCO
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
1 comment:
Very cool! We are going to bust through 1500 this year.
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