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