Friday, April 6, 2012

Stocks End Thursday Mixed...Futures Fall on Friday Following Jobs Report...


Six of nine sectors moved lower on Thursday, XLY, XLK and XLP were the strongest sectors.

Breadth strengthened as decliners led advancers 1.32 to 1 on the NYSE and 1.12 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ
Advancers      1,284           1,178
Decliners        1,695           1,322



BBBY gapped up after strong earnings and other retail stocks ROST, SBUX, DLTR, and TJX also moved higher. 

Futures moved lower on Friday after the jobs report showed 120,000 new jobs in March below expectations of 210,000.  Unemployment rates dropped to 8.2%.


Leading NDX 100 stocks included BBBY, FOSL, SIRI, WFM, ROST, BIDU, SBUX, DTV, EXPE, WYNN

Lagging NDX stocks included STX, FSLR, MYL NTAP YHOO, SHLD, VRTX, MRVL, SNDK, ATVI

Leading stocks > +2% on Thursday included DECK, ICE, LVS, A SWKS, UCO

Losing stocks < -2.0% included ANR, WDC, LDK, PCX, JDSU, CIEN, GRPN, X


Stocks to Watch on Monday

Holding Above 30 DMA = 28
CMG, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, VMW, IBM, V, DLR, FAS, NTES, ZION, BAC, DHR, TBT, MCP, URE, STI, CIEN, CHL, ZAGG, CROX, HUM, UAL, NKE

Moving Above 30 DMA = 4
 A, DE, SMH, SWK

Moving Below 30 DMA = 7
ANF, CLF, F, GLW, JDSU, WDC, X

Staying Below 30 DMA
C, CREE, CRUS, ESI, GS, RVBD, SOHU, SWI, SWKS, TSLA, COH, JNPR, RCL, TIF, GRPN, MOS, UCO, VECO, ICE, AKS, SINA, TSL, ATI, GES, FAZ, TLT, CDE, LDK, SLB, DECK, FCX, ANR, PCX

Six Month Intermediate Term Market Trend: Up
Short Term Market Trend: Down

1 comment:

TraderBobb said...

Dave:
Thanks as always!
Robert
CANI_212