All nine sectors moved higher on Thursday. XLE, XLP, and XLY
were the strongest sectors.
Breadth
strengthened as
advancers led decliners 2.72 to 1 on
the NYSE and 1.89 to 1 on
the NASDAQ.
Exchange NYSE
NASDAQ
Advancers 2,223 1,615
Decliners 817
852
The SPX moved
up +22.13 at
1,360.02 closing above its 30 DMA and above the mid-section of its April-July trading range of 1,422 – 1,266.
Earnings of Interest Week July 23 - 27
Thursday:
MMM, ALK,
AMZN, AMGN, CA, CELG, CERN, CSTR, CL, DECK, EXPE, XOM, FB, GILD, INFA, KMB,
KLAC, MXIM, NTGR, POT, RCL, SBUX, UAL, UTX, VECO, HSY
Friday:
Technical Commentary:
SPY,
DIA and QQQ gapped higher following comments from the ECB that they were committed
to the success of the EU and Euro.
Look for earnings
reactions to continue after AMZN, DECK, EXPE, CL, MMM and VECO
moved higher and CERN, CSTR, FB, SBUX, and UAL
moved lower after releasing earnings on Thursday.
The
Euro, interest rates and financial stocks rose while the VIX and bonds moved lower.
Thursday Highlights:
SPY
closes up 2.21 on 156.4 million shares,
closed above 30 DMA
The
Euro moved up 126 pips, closed at 1.2280
TNX
+0.22 at 14.28
VIX
down -1.81 at 17.53
XLF
up 21 cents at 14.48
AAPL
down -0.09 at 574.88 on 14.5
million shares...
FB
down -2.49 at 26.85 on volume of 63.8 million
shares, falls another 2.87 after earnings on Thursday...
KYAK up +35
cents, +1.09% at 32.51 on .150 million shares
FIVE
+84 cents at 27.89 on ..294
million shares…
The
Market Forecast green line is pointed down below 80.
86 of 100 NDX stocks closed higher on Thursday…
Leading NDX 100 stocks included AKAM, STX, WFM, FOSL, MYL, ADSK,
MRVL, SNDK, SBUX, BIDU
Lagging NDX stocks included NFLX, CHRW, PCLN, EXPE, AAPL, EXPD, AMZN,
CTXS, RIMM, SPLS
Leading stocks > +2% on Thursday included WDC, CROX, VECO, SWI, HLF, VMW, CRUS, LDK,
CIEN, SLB, FAS, GES, JDSU, COH, INFA, V, DECK, NKE, ATI, SWK, STI, FCX, TIF,
SWKS, GS, SMH, JNPR
Losing stocks < -2.0% included ESI, GRPN, FB, CLF, UAL, FAZ,
LVS, TSLA, RVBD, HUM, CMG, ANR
Stocks to Watch on Friday
Holding
Above 30 DMA = 16
URE, MOS, CHL, ANF, SLB, TLT, WDC, UCO, TPX, SWK,
TIF, DLR, GS, JNPR, RVBD, SWI
Moving Above 30 DMA = 5
CIEN, COH, CROX, CRUS, DHR, FAS, GES, HLF, IBM, NKE,
SMH, SWKS, V, VECO, VMW
Moving Below 30 DMA = 2
FAZ, ZAGG
Staying
Below 30 DMA
LNKD, ATI, CRM, FCX, STI, TSLA CMG, CREE, DECK, ESI,
ICE, RCL, X, ZION, BAC, C, DE, UAL, FB, AKS, CSTR, JDSU, LDK, MCP, CLF, GLW,
INFA, NTES, TSL, A, CDE, SOHU, TBT, HUM, SINA, F, GRPN, ANR, LVS
Seven
Week Intermediate Term Market Trend:
Up
Short Term Market Trend: Up
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