One sector moved higher on
Thursday… XLY, XLI, and XLU were
the strongest sectors…
Jobs
Report and
the Unemployment report are released on Friday…
Breadth
weakened as
decliners led advancers 1.62 to 1 on the NYSE and 1.31 to
1 on the NASDAQ.
Exchange NYSE
NASDAQ
Advancers 1,145 1,055
Decliners 1,866 1,390
Chart Patterns
Breakout: GMCR
Gap Up: GILD
Gap Down: ANF, GES,
GS
Earnings of Interest Week July 30 – Aug 3
Tuesday: ADM, BMC, COH, XRAY, DB, FMC, KLIC, LIFE,
MDC, VLO,
Wednesday: ICE, MA, WTW, YELP,
Thursday: ATVI, AIG, AVD, APA, DTV, HSIC, KFT, LBTYA,
LNKD, MELI, MCHP, UPL, ZAGG,
Friday:
AGU, NYX, BID
Technical Commentary:
FB
fell for the fourth straight day…intraday low hit 19.82…closed
at $20.04 losing 4%...
GMCR
gained 4.75…up 26%...after earnings
report…volume 34,500,000…
GILD
gapped up showing strength in a down market…up
3.66…6.83%...on 29,400,000 shares…
ANF
gapped down…closing at 29.06…down 4.96 or down 14.58%...volume 16,000,000…
GES
gapped down… closed down1.72…or 5.73% to close at 28.29 on 1,498,000 shares…
GS
likewise gapped down…closing at 97.81…down 2.28…on
3,900,000 shares…
Thursday Highlights:
The SPX moved
down - 10.32
closing at 1,365.00 closing above its
30 DMA and above the 75% level of
its April - July trading range of 1,422 – 1,266.
ECB
met and falters on coming up with any concrete steps to help secure the European
debt crisis…Stocks extend losses into fourth day…
DJIA
was down...71%...92 points…
SPX
was down 10.32 points or .8% and closed at
1,365…
NASDAQ
also down 10.44 points….4%... to 2,909.77…
Knight
Capital Group, Inc…the largest US Trader of equities on Wall Street…in wake of
yesterday’s trading glitch…finds itself in a loss of $440 million of the firm’s
own capital…CEO reportedly mulls bankruptcy…
The
Market Forecast green line is pointed up.
29 of 100 NDX stocks closed higher on Thursday…
Leading NDX 100 stocks
included: GMCR, FSLR, GILD, CRMN, NUAN, SYMC, CMCSA, KAC, DLTR, PCLN, VRTX, BMC
Lagging NDX stocks included: FLEX, FOSL, FFIV, PCAR, TEVA, DELL, EA, DTV,
RIMM, APOL, LRCS, FISV, LIFE, SIRI, WYNN, MU
Leading stocks > +2% on
Thursday included: CRUS
Losing stocks < -2.0% on
Thursday included: ANF
Stocks to Watch on Friday…
Holding Above 30 DMA = 28
URE,
MOS, CHL, SLB, TLT, WDE, UCO, TPX, SWK, TIF, DLR, GS, JNPR, RVBD, SWI, CIEN,
CROX, CRUS, DHR, HLF, IBM, SMH, SWKS, V, VECO, FCX, X, CREE
Moving Above 30 DMA = 1
DE
Moving Below 30 DMA = 7
A,
ANR, C, FAS, GES, VNW, ZAGG
Staying
Below 30 DMA =
RCL,
COH, NKE, ICE JDSU, STI, FAZ, LNKD, ATI, CRM, TSLA, CMG, DECK, ESI, ZION, BAC,
UAL, FB, AKS, CSTR, LDK, MCP, CLF, GLW, INFA, NTS, TSL, CDE, TBT, SOHU, HUM,
SINA, F, GRPN, ANR, LVS
Short Term Market Trend: Neutral
No comments:
Post a Comment