AAPL Slips Below $600...Spy Down 52 Cents...BKS Jumps 51% on MSFT Deal...

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Two sectors moved up on Monday, XLE and XLU were the strongest sectors.

Breadth weakened as declines led advancers 1.55 to 1 on the NYSE and 1.96 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers      1,181             854

Decliners        1,841          1,679  

SPY moved down 52 cents…

AAPL slips below $600…closing at $583.98...

BKS – Barnes & Nobles jumps $7.07 or 51% on Monday on Microsoft deal…

Bounce Continuation: TSL, ICE, CDE

Bullish Divergence Bounce Continuation: VECO, SWI, SMH, DHR, SPY, IBM, RF, GLW, COH, ZION, ATI, GS

Bounce Pause: VMW, CCL, CDE, SINA, RCL, FAS,   X, JDSU, CREE, WFC, XLF, JPM, BAC, GES, LDK, ANR, CLF

Bounce Pullback: SOHU, PCX, GRPN, C

Leading NDX 100 stocks included WCRX, EXPE, STX, CERN, AMZN, SIRI, RIMM, GMCR, CHRW, CSCO

Lagging NDX stocks included NFLX, AAPL, GOLD, SPLS, AKAM, PCAR, MYL, GOOG, NUAN, FFIV

Leading stocks > +2% on Friday included LDK, ZAGG, WDC, TSL, AKS

Losing stocks < -2.0% included GRPN, HUM, SOHU, RVBD, JDSU, MCP, SWKS, F, RCL, STI

Stocks to Watch on Tuesday

Holding Above 30 DMA = 29

TLT, UAL, URE, ANR, NTES, SLB, CHL, DE, DLR, STI, ATI, GLW, HLF, LNKD, V, ZAGG, ANF, CREE, CRM, CRUS, ESI, IBM, NKE, SWI, VMW, FCX, SWKS, TSL, VECO

Moving Above 30 DMA = 0

Moving Below 30 DMA = 5

CSTR, DHR, FAS, SOHU, TIF

Staying Below 30 DMA

DECK, HUM, WDC, CROX, LVS, FAZ, JNPR, CIEN, CMG, AKS, FCX, PCX, RCL, RVBD, CLF, DHR, MCP, SWK, TPX, X, ZION, INFA, SMH, BAC, A, TBT, F, JDSU, SWKS, TSLA, C, GS, COH, GRPN, MOS, VECO, UCO, ICE, SINA, TSL, GES, CDE, LDK

Six Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up

Futures Look to Open Moderately Lower...

BMO - ES - 3.50 and NQ -9.25 point to a lower open…pre-market volume moderate…

XLF is down 7 cent…
Euro is down 18 pips...
TLT is  up 35 cents…

           

Continue to look for potential bullish divergence and support bounce entries

Follow your rules for entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up: CRM, V, WDC, TLT, ZAGG, SWK, WCRX, SHLD, GOOG, WYNN, LIFE, CERN, MYL, EBAY, KLAC, FAST, SPLS

QUOTING Down:  HUM, SOHU, SINA, FAS, GS, DECK, LDK, UCO, IBM, FCX, X, AAPL, PCLN, GOLD, AMZN, BIDU, VRSN, NFLX, TEVA, VOD, GMCR, STX,

EXPE, AMZN, PCLN Gain as SPY Moves Up for Fourth Straight Day...

Six sectors moved up on Friday, XLY, XLI and XLB were the strongest sectors.

Breadth strengthened slightly as advancers led decliners 2.05 to 1 on the NYSE and 1.88 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers      2,012           1,635

Decliners           978              867

SPY moved up 23 cents on 130.7 million shares for the fourth straight day of gains.  Traders did test Thursday’s horizontal breakout and closed above.  The intraday pullback did stay above the S1 level of Thursday’s large white candle.  The breakout price target is $142.78 measured from the April 17 resistance high to the April 23 support low.

This week:

Positive Earnings Reactions – AAPL, AMZN, CERN, EXPE, MXIM, ORLY, SWI, SWKS

Negative Earnings Reactions – CSTR, DECK, INFA, KLAC, SBUX, WDC

PCLN gained +28.86 after strong earnings from EXPE and STX -1.51 following earnings from WDC.

SWI +1.22, +2.69% gained again on Friday following positive earnings on Wednesday.

AMZN +30.86, +15.7% gained on Friday following strong earnings after the close on Thursday.

Bounce Continuation: VMW, CCL, TSL, ICE, CDE

Bullish Divergence Bounce Continuation: VECO, SWI, SOHU, SINA, RCL, SMH, DHR, SPY, IBM, RF, FAS, GLW, COH, ZION

Bounce Pause: X, ATI, GRPN, JDSU, CREE, WFC, XLF, GS, JPM, BAC, C, GES, LDK

Bounce Pullback:  ANR, PCX, CLF

Potential MACD histogram bullish divergences still on charts today include CIEN

Leading NDX 100 stocks included EXPE, AMZN, MXIM, WCRX, CERN, PCLN, SHLD, ORLY, VRTX, BBBY

Lagging NDX stocks included SBUX, KLAC, STX, EA, MRVL, GMCR, NFLX, ADSK, AVGO, ALTR

Leading stocks > +2% on Friday included SWKS, VECO, TSL, LNKD, SOHU, SWI, ZAGG, JDSU

Losing stocks < -2.0% included DECK, WDC, INFA, CSTR, ANR, PCX, HLF, MCP, F, CLF

Stocks to Watch on Monday

Holding Above 30 DMA = 30

TLT, UAL, CROX, URE, NTES, ANR, SLB, CHL, CSTR, DE, DLR, STI, ATI, GLW, HLF, LNKD, V, ZAGG, ANF, CREE, CRM, CRUS, ESI, FAS, IBM, NKE, SOHU, SWI, TIF, VMW

Moving Above 30 DMA = 5

DHR, FCX, SWKS, TSL, VECO

Moving Below 30 DMA = 3

DECK, HUM, WDC

Staying Below 30 DMA

CROX, LVS, FAZ, JNPR, CIEN, CMG, AKS, FCX, PCX, RCL, RVBD, CLF, DHR, MCP, SWK, TPX, X, ZION, INFA, SMH, BAC, A, TBT, F, JDSU, SWKS, TSLA, C, GS, COH, GRPN, MOS, VECO, UCO, ICE, SINA, TSL, GES, CDE, LDK

Six Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up

Futures Point to Higher Open...AMZN Up 17% in Pre-Market...

BMO - ES + 2.50 and NQ +9.75 point to a higher open…pre-market volume moderate…

XLF is down 1 cent…
Euro is up 76 pips...
TLT is  up 23 cents…

           

Continue to look for potential bullish divergence and support bounce entries

AMZN up pre-market $33.82... an increase of 17% on 1.2 million shares

Follow your rules for entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up: AMZN, PCLN, EXPE, WCRX, PNRA, CERN, BIDU, MXIM, SNDK, EBAY, CTRP, MCHP, MNST, CELG, BA, QCOM, ALTR, APOL, CHKP, COST, GOLD, NTAP

QUOTING Down:  AAPL, SBUX, STX, BIIB, KLAC, VRSN, CTSH, GMCR, GOOD, DLTR, AVGO, BMC, XRAY, NFLX, WFM, CA, CHRW, FAST, FFIV

Trading Stocks Extend Gains...CTXS, XLNX and SWI Shine for Tech Stocks...

Seven sectors moved up on Thursday, XLY, XLE and XLP were the strongest sectors.

Breadth weakened slightly as advancers led decliners 2.14 to 1 on the NYSE and 1.66 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers      2,048           1,575

Decliners           953              946

SPY moved up 97 cents on 135.8 million shares for third straight day of gains while making a horizontal breakout of April 17 resistance high.  Breakout price target is $142.78.

SWI +7.56, +19.99% gains following positive earnings on Wednesday.

AMZN +27.01, +13.78% gains in after-hours following earnings after the close on Thursday.

Bounce Continuation: CCL, X, TSL

Bullish Divergence Bounce Continuation: SWI, SOHU, SINA, RCL, CREE, SMH, DHR, SPY, IBM, RF, WFC, FAS, XLF, GLW, GS, JPM, BAC, C, GES

Bounce Pause: ANR, PCX, ATI, GRPN, ICE, CDE

Bounce Pullback:  JDSU, CLF

These potential MACD bullish divergences confirmed on Thursday as the MACD histogram rose: VECO, ZION, COH, LDK

Potential MACD histogram bullish divergences still on charts today include CIEN

VMW formed a bullish harami on Wednesday and bounced on Thursday at a potential double bottom support.

Leading NDX 100 stocks included CTXS, NUAN, XLNX, ORLY, EA, GMCR, WYNN, KLAC, RIMM, GRMN

Lagging NDX stocks included AKAM, CELG, CHRW, CHKP, NFLX, EXPD, SRCL, ALXN, BIDU, ESRX

Leading stocks > +2% on Thursday included SWI, CRUS, VECO, ESI, ZAGG, VMW, CRM, SINA, RVBD, SOHU, CSTR, RCL, ANF, HLF, DECK, FAS, CREE, TSL, LNKD, SMH, WDC, JNPR

Losing stocks < -2.0% included CROX, CLF, UAL, TPX, JDSU, LVS, GRPN, FAZ

Stocks to Watch on Friday

Holding Above 30 DMA = 21

TLT, UAL, CROX, URE, NTES, HUM, ANR, DECK, WDC, SLB, CHL, CSTR, DE, DLR, STI, ATI, GLW, HLF, LNKD, V, ZAGG

Moving Above 30 DMA = 12

ANF, CREE, CRM, CRUS, ESI, FAS, IBM, NKE, SOHU, SWI, TIF, VMW

Moving Below 30 DMA = 2

CROX, LVS

Staying Below 30 DMA

FAZ, JNPR, CIEN, CMG, AKS, FCX, PCX, RCL, RVBD, CLF, DHR, MCP, SWK, TPX, X, ZION, INFA, SMH, BAC, A, TBT, F, JDSU, SWKS, TSLA, C, GS, COH, GRPN, MOS, VECO, UCO, ICE, SINA, TSL, GES, CDE, LDK

Six Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up

Trading Futures Point to a Slightly Lower Open...

BMO - ES - 5.50 and NQ - 8.00 point to a lower open…pre-market volume moderate…

XLF is down 11 cents…
Euro is down 18 pips...
TLT is  up 1.05…

           

Continue to look for potential bullish divergence and support bounce entries

Follow your rules for entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up: SWI, CRUS, TLT, CTXS, NUAN, AAPL, XLNA, KLAC, WYNN, EA, WFM, GOLD, PNRA, WCRX, VRTX, EBAY, ORLY, GMCR, SHLD, SBUX

Quoting Down: HUM, CLF, CMG, FAS LVS, CROX, SOHU, GS, UAL, CLEG, AKAM, NFLX, BIDU, EXPD, AMZN, BA

Trading Stocks Got Juiced by the Flavor of the Day...Apple

All nine sectors moved up on Wednesday, XLK, XLB and XLY were the strongest sectors.

Breadth strengthened as advancers led decliners 3.38 to 1 on the NYSE and 2.75 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers      2,323           1,846

Decliners           686              671

SPY moved up $1.88 on 150.2 million shares.

AAPL closed up +49.72, +8.87% after blow out EPS.

Higher Low Bounce/Setup: CCL, ANR, PCX, ATI, X, TSL

Bullish Divergence Bounce Continuation: SPY, IBM, RF, WFC, FAS, XLF, SINA, SWI, DHR, GLW, SOHU, GRPN, ICE

Bounce Pause: GS, JPM,

These potential MACD bullish divergences confirmed on Wednesday as the MACD histogram rose: BAC, C, JDSU, RCL, CDE, CREE, CLF, SMH, GES

Potential MACD histogram bullish divergences still on charts today include ZION, CIEN, VECO, COH, LDK

VMW formed a bullish harami at a potential double bottom support.

NFLX formed a hammer after an earnings gap down.

Leading NDX 100 stocks included AAPL, AVGO, PNRA, BRCM, PCLN, GOLD, STX, WCRX, GMCR, CTXS

Lagging NDX stocks included CHRW, FSLR, NFLX, LIFE, EXPD, BIDU, ESRX, CTRP, CTSH, SRCL

Leading stocks > +2% on Wednesday included CRUS, ZAGG, GLW, SWKS, ATI, MOS, LNKD, LVS, WDC, SWI, TIF, INFA, A, TSLA, FAS, VMW, CSTR, F, RCL, JDSU, CDE, ESI, GES, GRPN, DECK, CROX, NTES, CMG, STI, ANF, SLB, V, RVBD, SOHU, URE, NKE, SM, CLF

Losing stocks < -2.0% included JNPR, FAZ

Stocks to Watch on Thursday

Holding Above 30 DMA = 15

TLT, UAL, CROX, URE, NTES, HUM, ANR, DECK, WDC, SLB, CHL, CSTR, DE, DLR, STI

Moving Above 30 DMA = 7

ATI, GLW, HLF, LNKD, LVS, V, ZAGG

Moving Below 30 DMA = 2

FAZ, JNPR

Staying Below 30 DMA

CRM, NKE, CIEN, CMG, VMW, AKS, FCX, PCX, RCL, RVBD, CLF, CRUS, DHR, MCP, SWK, TPX, X, ZION, CREE, IBM, INFA, SMH, SWI, BAC, ESI, FAS, SOHU, A, TBT, ANF, F, JDSU, SWKS, TSLA, C, GS, COH, TIF, GRPN, MOS, VECO, UCO, ICE, SINA, TSL, GES, CDE, LDK

Six Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up

ES and NQ Up Big in Pre-Market as AAPL Soars...

BMO - ES + 8.00 and NQ +51.00 point to a higher open…pre-market volume moderate…

XLF is up 11 cents…
Euro is up 18 pips...
TLT is down 59 cents…

           

Continue to look for potential bullish divergence and support bounce entries

AAPL up $52 in pre-market…volume 1.5 million

BA up $1.79 in pre-market on better than expected earnings

BRCM and QCOM gain in pre-market on coat-tails of AAPL
  
Follow your rules for entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up: AAPL, PCLN, CMG, VMW, MOS, LNKD, FAS, VMW, CRUS, CSTR, IBM, SWKS, GS, SMH, DE, GLW, V, LVS, A, CROX, C, SLB, CLF, MCP, FCX, CRM, UAL, X, ZAGG, RCL, AKS, ANR, PNRA, GOOG, WYNN, BRCM SHLD, AMZN

Quoting Down: SINA, SOHU, BIDU, CHRW

AAPL Trades Above $600 in After Hours...

Six of nine sectors moved up on Tuesday, XLI, XLF and XLE were the strongest sectors.

Breadth strengthened as advancers led decliners 2.06 to 1 on the NYSE and 1.83 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers      2,037           1,639

Decliners           985              893

SPY moved up 52 cents on 137.4 million shares.

AAPL +43.53, +7.77% in after-hours trading after blow out EPS.

JNPR surged +1.46, +7.24%.

NFLX -14.16, -13.90% after first quarter smaller than expected loss and Q2 streaming subscriber guidance that disappoints.

Higher Low Bounce/Setup: CCL, ANR, PCX, ATI, X, TSL

These potential MACD bullish divergences confirmed on Tuesday as the MACD histogram rose: SPY, IBM, RF, GS, JPM, WFC, FAS, XLF, SINA, SWI, DHR, GLW, SOHU, GRPN, ICE

Potential MACD histogram bullish divergences still on charts today include BAC, C, JDSU, ZION, RCL, CIEN, VECO, CDE, CREE, CLF, SMH, COH, GES, LDK

VMW moves lower potential MACD divergence disappears.

Leading NDX 100 stocks included WCRX, GILD, XRAY, STX, MYL, MAT, BIIB, NWSA, RIMM, AMZN

Lagging NDX stocks included NFLX, SYMC, ALXN, FSLR, NVDA, CTXS, BIDU, BMC, SHLD, MRVL

Leading stocks > +2% on Tuesday included JNPR, FAS, URE, TSL, CIEN, SLB, GS

Losing stocks < -2.0% included TPX, HLF, COH, INFA, CROX, VMW, DECK, ZION, A, CMG, CRM, ZAGG, FAZ, NKE, MCP, GES, X

Stocks to Watch on Wednesday

Holding Above 30 DMA = 11

TLT, UAL, CROX, URE, NTES, HUM, ANR, DECK, WDC, FAZ, SLB

Moving Above 30 DMA = 6

CHL, CSTR, DE, DLR, JNPR, STI

Moving Below 30 DMA = 5

CRM, HLF, LNKD, NKE, ZAGG

Staying Below 30 DMA

CIEN, CMG, V, VMW, AKS, FCX, LVS, PCX, RCL, RVBD, ATI, CLF, CRUS, DHR, MCP, SWK, TPX, X, ZION, CREE, IBM, INFA, SMH, SWI, BAC, ESI, FAS, GLW, SOHU, A, TBT, ANF, F, JDSU, SWKS, TSLA, C, GS, COH, TIF, GRPN, MOS, VECO, UCO, ICE, SINA, TSL, GES, CDE, LDK

Six Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Neutral

NFLX, AAPL Gap Lower in Pre-Market...SPY Potential Bullish Divergence...

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BMO - ES -.25 and NQ -5.75 point to a lower open…pre-market volume light…

XLF is flat…volume 836,000
Euro is up 17 pips...
TLT is flat…

                                                                                                

Look for potential bullish divergence support bounce entries or break of

support as SPY and many stocks are near support.

NFLX and AAPL are gapping lower this morning.  AAPL reports earnings after the close as earnings season continues this week.
  
Follow your rules, entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up: ALXN, PCAR, GOOG, LNKD, SOHU, UCO, CHL, FAS, F, X, MCP

Quoting Down: NFLX, AAPL, SYMC, DLTR, CMG, COH, ZION, A, NKE

SPY Forms Potential MACD Bullish Divergence, Hammer at Support...NFLX Drops After Earnings...

.All nine sectors moved down on Monday, XLE, XLU and XLF were the strongest sectors.

Breadth weakened as decliners led advancers 2.82 to 1 on the NYSE and 3.15 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers         789              613

Decliners        2,230           1,931

SPY moved down $1.16 on 171.8 million shares.

NFLX posts first quarter smaller than expected loss, Q2 streaming subscriber guidance disappoints…stock down 16% in after-hours trading.

There are many Potential MACD histogram bullish divergences on charts today including: SPY, IBM, BAC, GS, JPM, WFC, C, FAS, JDSU, RCL, SINA, CIEN, VECO, VMW, SWI, CDE, CREE

Leading NDX 100 stocks included WCRX, AKAM, BMC, SNDK, ATVI, VRSN, GILD, STX, TEVA, GOOG

Lagging NDX stocks included FSLR, CHKP, NFLX, FAST, BIDU, ADSK, AVGO, GOLD, WYNN, EXPD

Leading stocks > +2% on Monday included GRPN, STI, FAZ

Losing stocks < -2.0% included LDK, TSL, LNKD, JDSU, MCP, SWKS, CIEN, TSLA, CHL, PCX, VMW, CDE, RCL, RVBD, VECO, SWI, CREE, SINA, X, ANF, INFA, FAS, AKS, V, SOHU, CSTR, GES, BAC, TPX, URE, JNPR

Stocks to Watch on Tuesday

Holding Above 30 DMA = 16

LNKD, CRM, ZAGG, TLT, UAL, CROX, URE, NKE, HLF, NTES, HUM, ANR, DECK, WDC, FAZ, SLB

Moving Above 30 DMA = 0

Moving Below 30 DMA = 8

CHL, CIEN, CMG, CSTR, DE, DLR, V, VMW

Staying Below 30 DMA

AKS, FCX, LVS, PCX, RCL, RVBD, ATI, CLF, CRUS, DHR, MCP, SWK, TPX, X, ZION, CREE, IBM, INF, JNPR, SMH, SWI, BAC, ESI, FAS, GLW, SOHU, STI, A, TBT, ANF, F, JDSU, SWKS, TSLA, C, GS, COH, TIF, GRPN, MOS, VECO, UCO, ICE, SINA, TSL, GES, CDE, LDK

Six Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Down

SPY Reverses Thursday's Gains, Consolidating Above Support...AAPL, GOOG Roll Over...

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Blog on vacation next week.

All nine sectors moved down on Friday, XLP, XLY and XLU were the strongest sectors.

Breadth weakened as decliners led advancers 3.19 to 1 on the NYSE and 3.38 to 1 on the NASDAQ.

Exchange NYSE NASDAQ

Advancers 718 565

Decliners 2,294 1,910

SPY fell 1.65 on 169.2 million shares. SPY consolidating and forming potential bear flag or trading range.

GOOGLE drops 26.41 after reporting a 61% increase in Q1 profits on slightly better than expected sales.

CSTR gaps higher and closes up 7.29% after raising its first quarter and 2012 forecasts.

AAPL down 17.54, breaks 620 support, short-term support 594 area.

Earnings will dominate trading next week.

Key Earnings to Watch:

Monday – C

Tuesday – KO, CREE, GS, INTC, IBM, ISRG, JNJ, LLTC, STX, STT, YHOO

Wednesday – AXP, EBAY, FFIV, HAL, LRCX, QCOM, SWK, VMW

Thursday – AMD, ALTR, BAC, DHR, DD, FCX, MSFT, MS, RVBD, SNDK, TPX, TRV, UNP

Friday – GE, GILD, MCD, RCL

New Highs – CMG, BIDU, SBUX

Leading NDX 100 stocks included MNST, VRSN, ADSK, SBUX, STX, AKAM, CTXS, PNRA, DLTR

Lagging NDX stocks included INFY, FSLR, VRTX, GOOG, CTSH, NVDA, RIMM, LRCX, AAPL

Leading stocks > +2% on Friday included CSTR, FAZ, VMW, CROX

Losing stocks < -2.0% included FAS, BAC, LDK, GS, ESI, STI, X,CDE, JNPR, C, AKS, ATI, GRPN, RVBD, TBT, CREE, A, ZION, SLB, SWKS, ANR, CLF, FCX, TSL, CRUS, ANF

Stocks to Watch on Monday

Holding Above 30 DMA = 20

CMG, LNKD, LVS, CRM, VMW, MCP, ZAGG, HUM, TLT, CHL, CIEN, CREE, CROX, NTES, TPX, UAL, CLF, DLR, INFA, V

Moving Above 30 DMA = 2

CSTR, FAZ

Moving Below 30 DMA = 16

AKS, ANR, BAC, CRUS, DHR, ESI, FAS, GLW, IBM, JNPR, SMH, SOHU, STI, URE, X, ZION

Staying Below 30 DMA

NKE, A, DE, HLF, SWK, TBT, ANF, F, JDSU, WDC, C, GS, RVBD, SWI, SWKS, TSLA, COH, RCL, TIF, GRPN, MOS, UCO, VECO, ICE, SINA, TSL, ATI, GES, CDE, LDK, SLB, DECK, FCX, PCX

Six Month Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Point to a Lower Open...CSTR Gaps Up in Heavy Pre-Market Volume...

.

BMO - ES - 6.00 and NQ - 9.75 points to a lower open…Volume heavier for pre-market following earnings from JPM and WFC that beat estimates…

CSTR raises forecast…shares jump in pre-market on heavy volume…

XLF is down 3 cents…volume 1,717,900
Euro is down 52 pips...
TLT is up 91 cents…

                                                                                                

Look for potential support bounce entries.
  
Follow your rules, entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up: CSTR, TLT, SWKS, VMW, FAZ

Quoting Down: LNKD, CMG, FAS, V, IBM, CLF, SINA, GS

Trading SPX Continues Support Bounce...GOOG Record Q1...CSTR Raises Forecast...

.
All nine sectors moved up on Thursday, XLB, XLE and XLI were the strongest sectors.

Breadth continued strong as advancers led decliners 4.61 to 1 on the NYSE and 2.90 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers      2,484           1,862

Decliners           538              642

SPY rose $1.79 on 154.3million shares.

GOOGLE reports 61% increase in Q1 profits on slightly better than expected sales.

CSTR gaps up 14% after the close, after raising its first quarter and 2012 forecasts.

New High – CMG, LVS, CREE, BIDU, SBUX

Support bounce – BAC, CHL, CIEN, CROX, FAS, GLW, HUM, IBM, INFA, JDSU, LNKD, SWI, SWKS, TPX, ZAGG, UAL, ADBE, ADSK, AKAM, BRCM, GOOG, KLAC, NFLX, QCOM, XLF, XLB

Support bounce set up – CSTR, VMW, MCP, NTES, PCLN, CTXS, FOSL, NTAP, NVDA,

Leading NDX 100 stocks included GOLD, NFLX, STX, EA, BIDU, QCOM, CTRP, NWSA, APOL, CMCSA

Lagging NDX stocks included FSLR, FAST, MNST, AAPL, CERN,MU, COST, WCRX, FOSL

Leading stocks > +2% on Thursday included ANR, LNKD, PCX, X, AKS, CLF, SINA, FCX, ATI, FAS, CDE, MCP, CREE, CIEN, CROX, GS, SOHU, GRPN, BAC, VECO, SLB, RVBD, JDSU, CA, V, ESI, URE, CRUS, SWKS, WDC, A, CMG, MOS, DE, RCL, UAL, ZAGG, SWK, UCO

Losing stocks < -2.0% included FAZ, CSTR

Stocks to Watch on Friday

Holding Above 30 DMA = 18

CMG, LNKD, LVS, CRM, VMW, MCP, ZAGG, HUM, TLT, CHL, CIEN, CREE, CROX, JNPR, NTES, TPX, UAL, ZION

Moving Above 30 DMA = 18

AKS, ANR, BAC, CLF, CRUS, DHR, DLR, ESI, FAS, GLW, IBM, INFA, SMH, SOHU, STI, URE, V, X

Moving Below 30 DMA = 2

CSTR, FAZ

Staying Below 30 DMA

NKE, A, DE, HLF, SWK, TBT, ANF, F, JDSU, WDC, C, GS, RVBD, SWI, SWKS, TSLA, COH, RCL, TIF, GRPN, MOS, UCO, VECO, ICE, SINA, TSL, ATI, GES, CDE, LDK, SLB, DECK, FCX, PCX

Six Month Intermediate Term Market Trend: Up

Short Term Market Trend: Up

Trading Stocks Now on Track to Open Modestly Higher...Google Set to Post Results...

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BMO - ES +2.00 and NQ +6.75 points to a higher open…pre-market volume light…

XLF is up 15 cents…volume 249,000
Euro is up 29 pips...
TLT is up 29 cents…

                                                                                                

Look for potential support bounce entries.

  
Follow your rules, entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up: GOOG, WYNN, GOLD, NFLX, BIIB, BIDU, PCLN, ADBE, ROST, SHLD, MNST, CELG, LNKD, COH, SINA, FAS, V SLB, MOS, GS, DE, FCX, TLT

Quoting Down: AAPL, FAST, BBBY, INFY, WFM, CSTR, CMG, VMW

SPY Forms Bullish Harami...Trading Stocks Snap Losing Run on AA Surprise

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 All nine sectors moved up on Wednesday, XLF, XLY and XLI were the strongest sectors.

Breadth strengthened as advancers led decliners 3.63 to 1 on the NYSE and 3.58 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers      2,398           1,966

Decliners           659              548

SPY up $1.10 on 154.1 million shares.

Support bounce – CHL, JNPR, ZION, TSL, LVS, LRCS

Support bounce set up – BAC, CIEN, CROX, CSTR, FAS, GLW, HUM, IBM, INFA, JDSU, LNKD, SWI, SWKS, TPX, ZAGG

GOOGLE set to post results.

Leading NDX 100 stocks included FSLR, SBUX, GMCR, MNST, LRCX, WFM, ORLY, INTU, AKAM, CSCO

Lagging NDX stocks included FFIV, GOLD, NTAP, PCAR, NFLX, PCLN, SHLD, CELG, FOSL, GILD

Leading stocks > +2% on Wednesday included TSL, CREE, SWI, ZAGG, LDK, FAS, JNPR, BAC, PCX, LVS, NTES, CROX, SOHU, TPX, CRM, ZION, UCO, CIEN, AKS, ANR, TBT, URE, SWKS, VECO, UAL, CRUS, Z, SINA, C, ATI, DHR

Losing stocks < -2.0% included FAZ, MCP, GRPN, VMW

Stocks to Watch on Thursday

Holding Above 30 DMA = 11

CMG, LNKD, LVS, CSTR, CRM, VMW, MCP, ZAGG, HUM, TLT, FAZ

Moving Above 30 DMA = 9

CHL, CIEN, CREE, CROX, JNPR, NTES, TPX, UAL, ZION

Moving Below 30 DMA = 0

Staying Below 30 DMA

DHR, DLR, IBM, INFA, NKE, V, A, BAC, DE, FAS, HLF, SMH, STI, SWK, TBT, URE, ANF, CLF, F, GLW, JDSU, WDC, X, C, CRUS, ESI, GS, RVBD, SOHU, SWI, SWKS, TSLA, COH, RCL, TIF, GRPN, MOS, UCO, VECO, ICE, AKS, SINA, TSL, ATI, GES, CDE, LDK, SLB, DECK, FCX, ANR, PCX

Six Month Intermediate Term Market Trend: Up

Short Term Market Trend: Down