NFXL Continues to Soar as Broad Market Range Bound on Light Volume...

Markets reopened on Wednesday with a light volume range day and five of nine sectors moved higher…XLU, XLF and XLI were the strongest sectors.

SPY unchanged at 141.35...volume 103.4 million shares

VIX +0.79 at 18.60…
TNX -0.64 at 16.86…

TLT up 72 cents at 123.36…
XLF up 10 cents at 15.90…volume 56.5 million shares

AAPL down -8.68 at 595.31…volume 18.2 million shares …

FB down 83 cents at`21.11… volume 99.3 million shares…

Technical Commentary:
GNRC, NFLX, NUS, RIMM, F, CSTR, DUSA, KTCC, TGI, TPX, SWI were among individual big movers to upside.  AAPL closed lower following Friday's earnings reaction but rallied from its intra-day lows.

The Euro held steady after bouncing on Tuesday at a higher low support in its current bull flag pattern.  TNX, interest rates were lower, TLT, closed bonds higher and XLF was up 10 cents forming a hammer at horizontal support.

The SPY was unchanged closing near its 141 support level for the fifth day trading in a row.  The VIX moved higher.

ES holds 1,400 support levels.  NQ closed below its 2,650 support at 2,635 and has confirmed its MACD histogram bullish divergence.

Chart Targets:

SPY = 147.88 2.61 Fib
ES = 1,466.002.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345S&R Measuring

Short-term support at
141, 139.40 = SPY
1,400, 1,390 = ES
2,650, 2,610 = NQ

41 OF 100 NDX stock closed higher on Wednesday…

Leading NDX 100 stocks included: NFLX, RIMM, EA, FAST, FLEX, APOL, INFY, WYNN, MRVL, COST

Lagging NDX stocks included: BIDU, SHLD, VRSN, ALXN, NTAP, BIIB, MNST, VRTX, GRMN, EBAY

Leading stocks > +2% on Wednesday included: F, CSTR, TPX, SWI, LDK, TSLA, SWK, CRUS, GS, GES, LNKD, URE, BAC, C, CDE,

Lagging stocks < -2.0% included: RVBD, GRPN, JDSU, ZAGG, CIEN, FB, X, AKS, DECK, SINA, MCP

Stocks to Watch on Thursday…

Holding Above 30 DMA
VMED, CMCSA, LINTA, SIRI, SHLD, FISV, AMGN, ISRG, ADBE, LRCX, MAT, YHOO, MYL, ORLY, PCAR, SRCL, SYMC, TXN, WYNN, CERN, CHRW, EXPD, EXPE, MXIM, NFLX

Moving Above 30 DMA = 2

RIMM, FAST

Moving Below 30 DMA = 4
AKAM, BIDU, EBAY, PNRA

Staying Below 30 DMA

FOSL, GILD, EXPD, CTSH, GOLD, INTU, NWSA, PCAR, SIAL, VIAB, ADP, ALXN, CELG, EA, ESRX, MNST, TXN, VRSN, WFM, XRAY, BIIB, FLEX, GOOG, LIFE, MYL, SNDK, AKAM, CHKP, ORCL, APOL, INFY, ORLY, VRTX, COST, SPLS, AMZN, BMC, FFIV, GRMN, HSIC, LLTC, PCLN, VOD, WCRX, ADSK, DLTR, DTV, NUAN, QCOM, SBUX, AAPL, ATVI, BRCM, CA, MSFT, NTAP, PAYX, XLNX, CTXS, GMCR, SYMC, CSCO, MU, ALTR, BBBY, AMAT, KLAC, MCHP, AVGO, ROST, STX, NVDA, DELL, INTC, MRVL, KRFT

Eleven Week Intermediate Term Market Trend: Neutral

Five Day Short Term Market Trend: Neutral

Stock Market Reopens After Hurricane Sandy's Devastation...Stock Market Has Not Been Closed For Weather Related Events For This Duration Since 1888...Stock Futures In The Positive In Pre-Market...

Our thoughts and hearts go out to all of those that have suffered loss from Hurricane Sandy…

Stock Market reopens after being closed Monday, October 29^th and Tuesday, October 30^th…due to Hurricane Sandy…Stock Market has not been closed due to weather related events... for this duration... since 1888…

BMO – ES + 6.50 and NQ +.50… are higher in pre- market…

SPY is up .63 cents in pre-market…

XLF is down .13 cents…
Euro is up 51 pips…
TLT is down .07 cents…

Follow your rules for entry, exit…adjust stops to protect profits at this time according to your rules...

Quoting Up: GOOG, ALXN, GRMN, COST, INFY, WFM, AKAM, QCOM, NWSA, HLF, IBM, FAS, CRUS, C

Quoting Down: AAPL, BIDU, SHLD, NFLX, AMZN, STX, PCLN, RVBD, FB

Stock Market To Be Closed Again On Tuesday...Due To Sandy...

Stock and Options Markets Closed Monday Due to Hurricane Sandy...

BMO – ES -4.75 and NQ - 14.75… are lower in overnight trading as the Euro is down 45 pips…stock futures closed at 9:15 am Monday morning.

Stock and options markets have announced they will be closed on Monday and possibly Tuesday due to Hurricane Sandy…Officials are operating as if Monday was a holiday…enjoy the day off and our hopes are for safety for those on the East coast…

Stock and Options Markets to Close on Monday Due to Hurricane Sandy...

Euro, SPY, NQ, XLF Hold Support as VIX Moves Lower....

Five of nine sectors moved up on Friday…XLY, XLB and XLK were the strongest sectors.

Breadth weakened on Friday as decliners led advancers …1.43 to 1 on the NYSE and 1.36 to 1 on the NASDAQ…

Exchange      NYSE     NASDAQ

Advancers     1,216        1,032
Decliners       1,739        1,407

SPY down 8 cents at 141.35...volume 146 million shares

VIX - 0.31 at 17.81…
TNX -0.78 at 17.50…

TLT up 1.78 at 122.64…
XLF down 8 cents at 15.80…volume 56.5 million shares

AAPL down – 5.54 at 6049.00…volume 36.4 million shares …

FB down 62 cents at`21.94… volume 73.2 million shares…

Technical Commentary:
AAPL earnings will likely become the most unexpected earnings reaction for the current earnings period.  AAPL missed estimates by 8 cents, revenues beat and lowered Q1 guidance on revenues by $3 billion and EPS by $3.70 below Street expectations. .  The stock opened after hours lower by about $25 and rallied to end near unchanged.  On Friday the stock opened down just 11 cents, rallied to 614 and then sold off more than $20 from its high before bouncing and closing -5.54 at 604.

AMZN also missed expectations reporting a larger than expected loss, revenues below expectations and lowered revenue guidance for Q4.  AMZN also rallied from its after-hours lows and opened higher on Friday and gained +15.32, +6.87% closing near its high of the day. 

Seemingly both situations appear to be a “sell the rumor and buy the news’” situation.  AAPL had already sold off $92 and 13% and AMZN $37 and 14% in the weeks leading up to their earnings.  It appears that traders were expecting the miss and once the news was out it was more of a buying opportunity.

Non-confirmations of the short-term down trend include a MACD histogram bullish divergence on QQQ, NQ, AAPL, Financials XLF and the Euro failing to break support, interest rates TNX continuing to move higher and failure of AAPL missed earnings to selloff for more than five minutes.  If AAPL holds support, we look for a rally to appear in the broad index led by rising financials and a rebound in tech stocks XLK. 

Coal stocks were higher following earnings from ACI and CNX with ANR, BTU and JRCC rising after a three day pullback.  WLT was the exception down 33 cents.

The Euro formed a hammer at a higher low support in its current bull flag pattern.  TNX, interest rates were lower, TLT, closed bonds higher and XLF was down 8 cents forming a hammer at horizontal support.

The SPY was down just 8 cents closing near its 141 support level for the fourth day this week.  The VIX moved slightly lower.

ES holds 1,400 support levels.  NQ holds 2,650 support and continues forming a potential MACD histogram bullish divergence.

Earnings Watch:

Positive Reactions – EXPE, CERN, AMZN, MXIM, CMCSA, VAR, AAN, EMN, APKT, ACI, OSTK, PCAR, WYNN, AKAM, SYMC, MYL, RCL, GDI, CRR, GTI, ISIL, TER, INGR, LSI, FB, SLAB, PLCM, TUP, AVY, REGN, GILD, PNRA, TMO, DOW, VMW, COH, VMED, VECO, WHR, HOG, R, RSH, CSL, LXK, BTU, YHOO, CAT, RVBD, SNDK, WCC, EBAY, MAN, COF, RHI, LRCX, STT, MAT, ISRG, GS, C, PII, DPZ

Negative Reactions – VRSN, CA, DECK, VPRT, GT, LPNT, ESI, FFIV, CLF, CROX, SWI, SHW,  TPX, NFLX, ALTR, CPWR, EAT, GLW, JNPR, ALXN, SRCL, CHRW, RF, WDC, DD, CIT, RF, ALV, BMRN, STI, GOOG, IBM, APOL, CHKP, INTC, INFY, CHKP, AXP, XLNX, MSFT, CMG, MS, FLEX, AMD, ETFC, PH, APD, ALGN, MLNX

Monday – BIDU, LIFE, VRTX, CRUS

Tuesday – ADP, EA, FISV, SIRI, STX, WCRX, EQIX, JDSU, X
Wednesday – GRMN, FSLR

Thursday – SBUX, LNKD, LVS
Friday - ANR

Chart Targets:

SPY = 147.88 2.61 Fib
ES = 1,466.002.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345S&R Measuring

Short-term support at
141, 139.40 = SPY
1,400, 1,390 = ES
2,650, 2,610 = NQ

Setups:
Bull Flag: MAN, FB, BTU, ANR, JRCC, CNX, WLT, VMED, FAS, C, PNRA, SLAB, PLCM, TUP, AVY, GILD, CHL, TIF, AMGN, DTV, X, FISV, FOSL, EBAY, LINTA, LRCX, ISRG, COF, CYN, COH, R, RSH, INFA, LXK, RVBD, HOG, LCC,

Resistance BO Setup: CMCSA, CREE, LVS, URI, GMCR, SWKS, BIDU, CTRP, CDE, HUM, ORLY, CRUS, F, TMO,

At Support: HLF, V, AAPL, GOLD, JDSU, GOOG, ORCL, PAYX, VRTX, ETFC, MCHP, NVDA, CSCO, WFM, LULU, MA, BRCM

Moves:

Gap Up: DV, EXPE, CERN, ACI, VAR, EMN, ACI

Gap Down: DECK, VRSN, VPRT, GT, LPNT, CA

 

Support BO: CTSH, FLEX, FAST, DISCA

Resistance BO: ADBE, SHLD

Bounce: NFLX, AMZN, ACI, EXPD, CMCSA, FSLR, QCOM, MXIM, JNPR, DE, AVGO, PCLN, LLTC, CELG, CHRW, LIFE, CMG, COST, CSL, GDI, CRR

44 OF 100 NDX stock closed higher on Friday…

Leading NDX 100 stocks included: EXPE, NFLX, CERN, AMZN, SHLD, MXIM, PCLN, CMCSA, TXN, QCOM

Lagging NDX stocks included: VRSN, CA, MU, MNST, EA, ATVI, FLEX, CHKP, CTSH, WCRX

Leading stocks > +2% on Friday included: CIEN, ANR, JNPR, CSTR, CREE

Lagging stocks < -2.0% included: DECK, ESI, DLR, CLF, TSL, ZAGG, TBT, FB, MCP, ATI, GLW, C

Stocks to Watch on Monday…

Holding Above 30 DMA
VMED, CMCSA, LINTA, SIRI, SHLD, FISV, AMGN, BIDU, ISRG, ADBE, LRCX, MAT, YHOO, AKAM, MYL, ORLY, PCAR, SRCL, SYMC, TXN, WYNN

Moving Above 30 DMA = 8

CERN, CHRW, EBAY, EXPD, EXPE, MXIM, NFLX, PNRA

 
Moving Below 30 DMA = 2
FOSL, RIMM

Staying Below 30 DMA

GILD, EXPD, FAST, CTSH, GOLD, INTU, NWSA, PCAR, SIAL, VIAB, ADP, ALXN, CELG, EA, ESRX, MNST, TXN, VRSN, WFM, XRAY, BIIB, FLEX, GOOG, LIFE, MYL, SNDK, AKAM, CHKP, ORCL, APOL, INFY, ORLY, VRTX, COST, SPLS, AMZN, BMC, FFIV, GRMN, HSIC, LLTC, PCLN, VOD, WCRX, ADSK, DLTR, DTV, NUAN, QCOM, SBUX, AAPL, ATVI, BRCM, CA, MSFT, NTAP, PAYX, XLNX, CTXS, GMCR, SYMC, CSCO, MU, ALTR, BBBY, AMAT, KLAC, MCHP, AVGO, ROST, STX, NVDA, DELL, INTC, MRVL, KRFT

Eleven Week Intermediate Term Market Trend: Neutral

Four Day Short Term Market Trend: Neutral

Stock Futures Quiet In Pre-Market...Third Quarter GDP Expands by 2%...Increased Consumer Spending And Home Building Cited...

BMO – ES - .75 and NQ +1.50… are mixed in pre- market…

SPY is down .10 cents in pre-market…

XLF is up .01 cent…
Euro is down 32 pips…
TLT is up .61cents…

PCLN up + 26.03 or 4.50% in pre-market…

Third Quarter GDP expanded by 2%...higher consumer spending and increased home building cited…

Follow your rules for entry, exit…adjust stops to protect profits at this time according to your rules...Stocks breaking support present bearish entry opportunities…

Quoting Up: PCLN, CERN, EXPE, AMZN, CMCSA, BIDU, QCOM, FFIV, EXPD, SWKS, CLF, ANR, INFA, V

Quoting Down: VRSN, CA, BIIB, WFM, AMGN, DECK, CSTR, TBT

SPY Rallies, AAPL Misses Closes Flat in After-Hours, EXPE, CERN Up, DECK, VRSN Down...

Six of nine sectors moved up on Thursday…XLE, XLV and XLP were the strongest sectors.

Breadth strengthened on Thursday as advancers led decliners…1.52 to 1 on the NYSE and 1.37 to 1 on the NASDAQ…

Exchange      NYSE     NASDAQ

Advancers     1,796        1,432
Decliners       1,180        1,040

SPY up .41 cents at 141.43...volume 134.4 million shares

VIX - .21 at 18.12…
TNX +0.53 at 18.28…

TLT down -62 cents at 120.86…
XLF up at 15.88…volume 52.8 million shares

AAPL down - 7.29 at 609.54…volume 23.4 million shares …

FB down .67 at`22.56… volume 76.18 million shares…

Technical Commentary:
The Euro traded down 28 pips and did not  confirm Wednesday’s hammer in its current bull flag pattern.  The SPY reversed Wednesday’s 40 cent selloff and closed 41 cents higher in front of AAPL earnings.

Non-confirmations of the short-term down trend include a MACD histogram bullish divergence on QQQ, NQ, AAPL, Financials XLF and the Euro failing to break support, interest rates TNX continuing to move higher and failure of AAPL missed earnings to selloff for more than five minutes.  If AAPL holds support, we look for a rally to appear in the broad index led by rising financials and a rebound in tech stocks XLK. 

After the close AAPL reported EPS that missed, revenues that beat and lower guidance.  The stock opened after hours lower by about 25 points and rallied to end near unchanged.  AMZN reported a larger than expected loss and rallied from its after-hours low. 

Hot coal stocks pulled back for a third day.

ES holds 1,400 support levels.  NQ holds 2,650 support and continues forming a potential MACD histogram bullish divergence.

The SPY closes at its 141 support level. 

Earnings after the Close: EXPE, CERN up…DECK, VRSN, CA down

Earnings Watch:

Positive Reactions – PCAR, WYNN, AKAM, SYMC, MYL, RCL, GDI, CRR, GTI, ISIL, TER, INGR, LSI, FB, SLAB, PLCM, TUP, AVY, REGN, GILD, PNRA, TMO, DOW, VMW, COH, VMED, VECO, WHR, HOG, R, RSH, CSL, LXK, BTU, YHOO, CAT, RVBD, SNDK, WCC, EBAY, MAN, COF, RHI, LRCX, STT, MAT, ISRG, GS, C, PII, DPZ

Negative Reactions – FFIV, CLF, CROX, SWI, SHW,  TPX, NFLX, ALTR, CPWR, EAT, GLW, JNPR, ALXN, SRCL, CHRW, RF, WDC, DD, CIT, RF, ALV, BMRN, STI, GOOG, IBM, APOL, CHKP, INTC, INFY, CHKP, AXP, XLNX, MSFT, CMG, MS, FLEX, AMD, ETFC, PH, APD, ALGN, MLNX

Monday –ZION, TXN

Tuesday –BRCM, SIAL
Wednesday – ORLY
Thursday –AAPL, AMZN, BIDU, CNX, CERN, CTXS, ESRX, EXPE, FSLR, GILD, BIIB, CA, CELG, EA, KLAC, MXIM, MYL, VRSN, VRTX, XRAY, PHM, INFA, ESI
Friday - CMCSA

Chart Targets:

SPY = 147.88 2.61 Fib
ES = 1,466.002.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345S&R Measuring

Short-term support at
141, 139.40 = SPY
1,400, 1,390 = ES
2,650, 2,610 = NQ

Setups:
Bull Flag: DE, MAN, FB, BTU, ANR, ACI, JRCC, CNX, WLT, VMED, FAS, C, PNRA, SLAB, PLCM, TUP, AVY, GILD, CHL, EXPD, TIF, AMGN, CMCSA, DTV, X, FISV, FOSL, EBAY, LINTA, LRCX, ISRG, COF, CYN, COH, R, RSH, INFA, LXK, RVBD, HOG, LCC, FSLR,

Resistance BO Setup: LVS, URI, GMCR, SWKS, ADBE, BIDU, CTRP, CDE, HUM, ORLY, CRUS, TSL

At Support: HLF, V, NWSA, AAPL, CTSH, GOLD, QCOM, FLEX, AVGO, JDSU, GOOG MXIM, ORCL, PAYX, PCLN, LLTC, CELG, VRTX, ETFC, MCHP, NVDA, GLW, JNPR, ATI, CSCO, WFM, LULU

Moves:

Gap Up: PCAR, WYNN, AKAM, SYMC, MYL, RCL, CCL,

Gap Down: FFIV, CLF, CROX,

 

Support BO: FAST, AMZN, DISCA, MA, BRCM

Resistance BO: TMO, SHLD,

Bounce: MU, SRCL, ORLY, CHRW, CHKP, LIFE, ALXN, AVGO, CDE, LVS, ZAGG, F, CMG, NFLX, RHI, COST, ESRX, STX, BBBY, SBUX, CSL, GDI, CRR, GTI,

61 OF 100 NDX stock closed higher on Thursday…

Leading NDX 100 stocks included: MU, PCAR, WYNN, SRCL, AKAM, SYMC, MYL, ORLY, ALXN, AVGO

Lagging NDX stocks included: FFIV, AMZN, BRCM, EXPE, MNST, EA, SNDK, CTXS, GILD, NWSA

Leading stocks > +2% on Thursday included: RCL, CDE, LVS, ZAGG, F, CMG

Lagging stocks < -2.0% included: CROX, CLF, ESI, UAL, SWI, DECK, RVBD, CRUS, LDK, FB, TSL, ANR, ATI

Stocks to Watch on Friday…

Holding Above 30 DMA
VMED, CMCSA, LINTA, SIRI, SHLD, FISV, AMGN, BIDU, ISRG, ADBE, FOSL, LRCX, MAT, YHOO

Moving Above 30 DMA = 9

AKAM, MYL, ORLY, PCAR, RIMM, SRCL, SYMC, TXN, WYNN

Moving Below 30 DMA = 2
EBAY, GILD

Staying Below 30 DMA

CHRW, EXPD, FAST, NFLX, CTSH, GOLD, INTU, NWSA, PCAR, SIAL, VIAB, ADP, ALXN, CELG, EA, ESRX, MNST, MXIM, PNRA, TXN, VRSN, WFM, XRAY, BIIB, FLEX, GOOG, LIFE, MYL, SNDK, AKAM, CHKP, ORCL, APOL, INFY, ORLY, VRTX, CERN, COST, SPLS, AMZN, BMC, EXPE, FFIV, GRMN, HSIC, LLTC, PCLN, VOD, WCRX, ADSK, DLTR, DTV, NUAN, QCOM, SBUX, AAPL, ATVI, BRCM, CA, MSFT, NTAP, PAYX, XLNX, CTXS, GMCR, SYMC, CSCO, MU, ALTR, BBBY, AMAT, KLAC, MCHP, AVGO, ROST, STX, NVDA, DELL, INTC, MRVL, KRFT

Six Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Down

Stock Futures Stay Positive in Pre-Market After Economy Data...US Durable Goods Rise to 9.9% For September...

BMO – ES +8.25 and NQ +15.75… are both higher in pre- market…

SPY is + .91 in pre-market…

XLF is up .15 cents…
Euro is up 10 pips…
TLT is down .87 cents…

U.S. durable goods jump 9.9% during the month of September…

Follow your rules for entry, exit…adjust stops to protect profits at this time according to your rules...Stocks breaking support present bearish entry opportunities…

Quoting Up: WYNN, GOOG, AKAM, BIIB, AAPL, GOLD, PCLN, CELG, SWI, FAS, LNKD, CMG, COH, TBT, HLF, VMW

Quoting Down: FFIV, CLF, CROX, CHR, ESI, UAL, CHL, ANF, FAZ, DECK

SPY Weak Following FOMC Announcement...FB Gaps Up...TPX, NFLX Gaps Down...

Six of nine sectors moved down and two sectors were unchanged on Wednesday…XLV, XLF and XLP were the strongest sectors.

Breadth strengthened on Wednesday as decliners led advancers…1.25 to 1 on the NYSE and 1.25 to 1 on the NASDAQ…

Exchange      NYSE     NASDAQ

Advancers     1,322        1,081
Decliners       1,654        1,356

SPY down 40 cents at 141.02...volume 120.1 million shares

VIX -0.50 at 18.33…
TNX +0.11 at 17.75…
TLT down -1.21 at 121.48…
XLF unchanged at 15.84…volume 52.6 million shares

AAPL up 3.47 at 616.83…volume 19.9 million shares …

FB up 3.73 at`23.23… volume 228.8 million shares…following better than expected earnings after the close on Tuesday

Technical Commentary:
The Euro traded lower overnight and rallied to near even at the open, sold off and rallied again to close down 15 pips, forming a hammer in its current bull flag pattern.  The SPY which traded positive for much of the day sold off after the FOMC announcement to close down 40 cents. 

With the broad markets weak and trending down, earnings winners are making big gains and losers big losses.  This of course is typical during earnings season. Selectivity continues to be the key during earnings seasons as there are both many positive and negative earnings reaction.

Hot coal stocks pulled back for a second day.

ES holds 1,400 support levels.  NQ holds 2,650 support and continues forming a potential MACD histogram bullish divergence.

The SPY closes at its 141 support level. 

Earnings after the Close:  WYNN, AKAM, SYMC up…FFIV, CLF down

Earnings continue on Thursday.

Earnings Watch:

Positive Reactions –  FB, SLAB, PLCM, TUP, AVY, REGN, GILD, PNRA, TMO, DOW, VMW, COH, VMED, VECO, WHR, HOG, R, RSH, CSL, LXK, BTU, YHOO, CAT, RVBD, SNDK, WCC, EBAY, MAN, COF, RHI, LRCX, STT, MAT, ISRG, GS, C, PII, DPZ

Negative Reactions – TPX, NFLX, ALTR, CPWR, EAT, GLW, JNPR, ALXN, SRCL, CHRW, RF, WDC, DD, CIT, RF, ALV, BMRN, STI, GOOG, IBM, APOL, CHKP, INTC, INFY, CHKP, AXP, XLNX, MSFT, CMG, MS, FLEX, AMD, ETFC, PH, APD, ALGN, MLNX

Monday –ZION, TXN

Tuesday –BRCM, SIAL
Wednesday – ORLY
Thursday –AAPL, AMZN, BIDU, CNX, PCAR, CERN, CTXS, ESRX, EXPE, FSLR, GILD, WYNN, BIIB, CA, CELG, EA, KLAC, MXIM, MYL, VRSN, VRTX, XRAY, PHM, RCL, SWI, INFA, ESI
Friday - CMCSA

Chart Targets:

SPY = 147.88 2.61 Fib
ES = 1,466.002.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345S&R Measuring

Short-term support at
141, 139.40 = SPY
1,400, 1,390 = ES
2,650, 2,610 = NQ

Setups:
Bull Flag: URI, ANR, ACI, EXPD, VMED, JRCC, C, DE, LVS, FAS, HLF, RCL, CLF, DECK, TIF, AMGN, CMCSA, DTV, FAST, FISV, FOSL, EBAY, LINTA, LRCX, WYNN, GMCR, BTU, CNX, WLT, X, ISRG, MAN, COF, RHI, CYN, COH, R, RSH, INFA, LXK

Resistance BO Setup: RVBD, BIDU, CTRP, CDE, HUM, ORLY

At Support: SRCL, V, NWSA, AAPL, CTSH, GOLD, SWKS,  QCOM, FLEX, AVGO, JDSU, COST, ESRX, FFIV, GOOG MXIM, ORCL, PAYX, PCLN, STX, SYMC, VRSN, AKAM, LLTC, CA, CELG, VRTX, ETFC, EXPE, MCHP, NVDA, PCLN

Hammer: DECK, MRVL, ESRX, FLEX, GRMN, LIFE, LRCX, VRTX, FSLR

Inverted Hammer: CELG, NTAP, AKS, LNKD

Tombstone Doji: WHR

Moves:

Gap Up: FB, SLAB, PLCM, TUP, AVY, PNRA, GILD, PNRA, TMO, CHL 

Gap Down: TPX, UTHR, NFLX, ATI, GLW

 

Support BO: GLW, JNPR, ATI, CSCO, ALXN, CHRW, WFM, BBBY, AMZN, DISCA, MA, BRCM

Resistance BO: HOG, ISRG, ADBE

Bounce: MNST, SWI, LNKD, MYL, CRUS, CHL, CHKP, LCC, LIFE, SBUX, LULU, SHLD, TSL, LCC, CSL

33 OF 100 NDX stock closed higher on Wednesday…

Leading NDX 100 stocks included: MNST, GILD, PNRA, CHKP, DLTR, MYL, GMCR, SHLD, XRAY, NWSA

Lagging NDX stocks included: NFLX, ALTR, ALXN, CHRW, MU, CSCO, VMED, SRCL, BRCM, BBBY

Leading stocks > +2% on Wednesday included: FB, SWI, CRUS, CHL, LNKD, CMG, VMW

Lagging stocks < -2.0% included: TPX, ATI, GLW, JNPR, INFA, ESI, ANR, TSLA, CIEN, HLF, JDSU, UCO, VECO

Stocks to Watch on Thursday…

Holding Above 30 DMA
VMED, CMCSA, LINTA, SIRI, SHLD, FISV, AMGN, BIDU, ISRG, ADBE, FOSL, LRCX, MAT, EBAY, YHOO

Moving Above 30 DMA = 1

GILD

Moving Below 30 DMA = 7
CHRW, EXPD, FAST, NFLX, RIMM, SRCL, WYNN

Staying Below 30 DMA

CTSH, GOLD, INTU, NWSA, PCAR, SIAL, VIAB, ADP, ALXN, CELG, EA, ESRX, MNST, MXIM, PNRA, TXN, VRSN, WFM, XRAY, BIIB, FLEX, GOOG, LIFE, MYL, SNDK, AKAM, CHKP, ORCL, APOL, INFY, ORLY, VRTX, CERN, COST, SPLS, AMZN, BMC, EXPE, FFIV, GRMN, HSIC, LLTC, PCLN, VOD, WCRX, ADSK, DLTR, DTV, NUAN, QCOM, SBUX, AAPL, ATVI, BRCM, CA, MSFT, NTAP, PAYX, XLNX, CTXS, GMCR, SYMC, CSCO, MU, ALTR, BBBY, AMAT, KLAC, MCHP, AVGO, ROST, STX, NVDA, DELL, INTC, MRVL, KRFT

Six Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Down

Stock Futures Rise In Pre-Market...FB Gapping Up +3.90...Or 20% In Pre-Market...

BMO – ES +6.00 and NQ +11.00… are both higher in pre- market…

SPY is + .38 in pre-market…

XLF is up .01 cent…
Euro is down 30 pips…
TLT is down .04 cents…

FB gapping up in pre-market…up +3.90 or 20%...

Follow your rules for entry, exit…adjust stops to protect profits at this time according to your rules...Stocks breaking support present bearish entry opportunities…

Quoting Up: PNRA, AAPL, GOOG, GILD, ISRG, AMGN, PCLN, AMZN, FB, LNKD, VMW, FAS

Quoting Down: NFLX, ALTR, ALXN, TPX, ATI, CSTR

SPY Breaks Support, FB, PNRA Gap Up...NFLX Down After Hours...

All nine sectors moved down on Tuesday…XLY, XLU and XLI were the strongest sectors.

Breadth weakened on Tuesday as decliners led advancers…2.74 to 1 on the NYSE and 1.80 to 1 on the NASDAQ…

Exchange      NYSE     NASDAQ

Advancers        804           884
Decliners       2,209        1,593

SPY down 1.99 at 141.42...volume 191.7 million shares

VIX +2.21 at 18.83…
TNX -0.34 at 17.64…
TLT up 1.73 at 122.69…
XLF down 27 cents at 15.84…volume 64.6 million shares

AAPL down -20.67 at 613.35…volume 25.2 million shares …

FB up 18 cents at`19.50… volume 75.6 million shares…

Technical Commentary:
The Euro dropped 82 pips on Tuesday as did interest rates, XLF and SPY…bonds TLT moved higher…JRCC rose as other Coal stocks BTU, ACI, ANR, WLT, and CNX pulled back.

ES breaks 1,424 and 1,414 support levels.  NQ holds 2,650 support and is forming a potential MACD histogram bullish divergence.

The SPY broke its 143.09 and 142.33 support levels and moved below its sideways trend and formed another hammer...a support bounce signal did not appear on the SPY but it did appear on several individual stocks.

Selectivity continues to be the key during earnings season as there are both many positive and negative earnings reaction.

Morning earnings on COH, VMED sent both stocks higher on Tuesday and RF moved lower.

Earnings after the close:

FB, PNRA, VMW and AMGN gap higher

NFLX, CHRW gap lower

Earnings continue on Wednesday and Thursday.

Earnings Watch:

Positive Reactions – FB, PNRA, COH, VMED, VMW, AMGN, VECO, WHR, HOG, R, RSH, CSL, LXK BTU, YHOO, CAT, RVBD, SNDK, WCC, EBAY, MAN, COF, RHI, LRCX, STT, MAT, ISRG, GS, C, PII, DPZ
Negative Reactions – NFLX, CHRW, RF, WDC, DD, CIT, RF, ALV, BMRN, STI, GOOG, IBM, APOL, CHKP, INTC, INFY, CHKP, AXP, XLNX, MSFT, CMG, MS, FLEX, AMD, ETFC, PH, APD, ALGN, MLNX,

Monday –ZION, TXN

Tuesday –ALTR, BRCM, SIAL, JNPR
Wednesday –AKAM, FFIV, ALXN, GLW, BMC, ORLY, SRCL, SYMC, ATI, CLF
Thursday –AAPL, AMZN, BIDU, PCAR, CERN, CTXS, ESRX, EXPE, FSLR, GILD, WYNN, BIIB, CA, CELG, EA, KLAC, MXIM, MYL, VRSN, VRTX, XRAY, PHM, RCL, SWI, INFA, ESI
Friday - CMCSA

Chart Targets:

SPY = 147.88 2.61 Fib
ES = 1,466.002.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345S&R Measuring

Short-term support at
141, 139.40 = SPY
1,400, 1,390 = ES
2,650, 2,610 = NQ

Setups:
Bull Flag: URI, C, DE, LVS, FAS, HLF, RCL, CLF, CRUS, DECK, ATI, AKS, GLW, TIF, JNPR, AMGN, CHRW, CMCSA, DTV, FAST, FISV, FOSL, EBAY, LINTA, LRCX, SRCL, WYNN, GMCR, BTU, CNX, WLT, X, ISRG, CHL, MAN, COF, RHI, CYN,

Resistance BO Setup: RVBD, BIDU, CTRP, ANR, ACI, CDE, CRUS, LCC, HUM

At Support: DISCA, V, MA, NWSA, BRCM, AAPL, CTSH, GOLD, SWKS,  QCOM, FLEX, AVGO, JDSU, COST, CSCO, ESRX, FFIV, GOOG MXIM, MYL, ORCL, PAYX, PCLN, STX, SYMC, VRSN, AKAM, LIFE, LLTC, CA, CELG, SBUX, LULU, PNRA, VRTX, ETFC,

Hammer: ADBE, ADP, ALXN, AMAT, AMGN, AVGO, CHRW, CMCSA, DTV, ESRX, FLEX, FOSL, GMCR, GRMN, INFY, KRFT, LIFE, LRCX, MYL, PCAR, PNRA, QCOM, SBUX, SIRI, SPLS, VRSN, VRTX, WCRX, WYNN, FSLR, DE, FAS, XLF, CLF, GLW, TIF, JNPR, HLF, PH,

Inverted Hammer: CELG, CSCO, EA, EBAY, NTAP, VOD, C, CMG, APD

Moves:

Gap Up: YHOO, WHR, COH, R,
Gap Down: DD, CIT, RF, ALV, BMRN, HUN

Support BO: MNST, CERN, ALXN, BIIB, IBM, SIAL, WFM, BBBY, ADSK, AMZN, MSFT

Resistance BO: HOG, ISRG, ADBE

Bounce: ORLY, SHLD, EXPD, EXPE, MCHP, NVDA, VMED, JRCC, TSL, LCC, PCLN, FB, MRVL, RSH, CSL, INFA, LXK

35 OF 100 NDX stock closed higher on Tuesday…

Leading NDX 100 stocks included: YHOO, VMED, NVDA, ORLY, EXPD, EXPE, MRVL, CHRW, SHLD, ROST

Lagging NDX stocks included: MNST, GOLD, NTAP, AAPL, ALXN, VIAB, NWSA, DELL, BBBY, BIIB

Leading stocks > +2% on Tuesday included: COH, VECO, INFA, FAZ, RVBD, CREE, TSL, CSTR, CIEN

Lagging stocks < -2.0% included: AKS, UCO, CDE, TPX, ANR, X, FAS, ATI, FCX, CLF, GS, RCL, LNKD, TBT, SLB, WDC, C, GRPN, MOS, ZAGG, URE

Stocks to Watch on Wednesday…

Holding Above 30 DMA
VMED, CHRW, CMCSA, WYNN, LINTA, RIMM, SIRI, NFLX, SHLD, FISV, AMGN, BIDU, ISRG, ADBE, FOSL, LRCX, MAT, SRCL, EBAY, FAST

Moving Above 30 DMA = 2

EXPD, YHOO

Moving Below 30 DMA = 7
CTSH, GOLD, INTU, NWSA, PCAR, SIAL, VIAB

Staying Below 30 DMA

GILD, ADP, ALXN, CELG, EA, ESRX, MNST, MXIM, PNRA, TXN, VRSN, WFM, XRAY, BIIB, FLEX, GOOG, LIFE, MYL, SNDK, AKAM, CHKP, ORCL, APOL, INFY, ORLY, VRTX, CERN, COST, SPLS, AMZN, BMC, EXPE, FFIV, GRMN, HSIC, LLTC, PCLN, VOD, WCRX, ADSK, DLTR, DTV, NUAN, QCOM, SBUX, AAPL, ATVI, BRCM, CA, MSFT, NTAP, PAYX, XLNX, CTXS, GMCR, SYMC, CSCO, MU, ALTR, BBBY, AMAT, KLAC, MCHP, AVGO, ROST, STX, NVDA, DELL, INTC, MRVL, KRFT

Six Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Down