Tuesday, April 24, 2012

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

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