GOOG Slammed Following Earnings Glitch...LRCX, EBAY Rise...

Six of nine sectors moved up on Thursday…XLU, XLI and XLF were the strongest sectors.

Breadth weakened on Thursday as decliners led advancers… 1.05 to 1 on the NYSE and 2.20 to 1 on the NASDAQ…

Exchange      NYSE     NASDAQ

Advancers     1,464         791
Decliners       1,540       1, 665

SPY down 38 cents at 145.82...volume 148.1 million shares

VIX down .04 at 15.03…

TNX up .15 cents at 18.26…
TLT down .74 cents at 120.11…
XLF up .04 cents at 16.33…

AAPL down - 11.97 at 632.64…volume 17 million shares …

FB down 90 cents at`18.98… volume 52.1million shares…

Technical Commentary: GOOG released earnings early which failed to meet growth expectations.  GOOG which had risen more than 30 % during the past three months collapsed 60 points on heavy volume of 12.4 million shares following the announcement. 

The Euro pulled back as interest rates, XLF moved slightly higher…bonds TLT and the SPY moved lower…Coal stocks JRCC, WLT, BTU and CNX, continued to move higher.  ANR pulled back from its high and closed slightly lower.  AAPL moved lower while holding above support.

Friday is October options expiration.

Earnings to Watch:

Positive Reactions – C, GS, ISRG, MAT, STT, LRCX, EBAY, WCC,
Negative Reactions – GOOG, IBM, APOL, CHKP, INTC, INFY, CHKP

Wednesday – BAC, AXP, XLNX

Thursday –MSFT, SNDK, MS, RVBD, ALXN, FLEX
Friday –

Chart Targets:

SPY = 147.88 2.61 Fib
ES = 1,466.00 2.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345S&R Measuring

Short-term support at
143.09, 142.33 = SPY
1,424, 1,414.50, 1,400 = ES
2,695, 2,650 = NQ

Setups:

Bull Flag: NTES, FAST, NPSP, CHRW

Resistance BO Setup: FAS, RCL, MXIM, CLF, TIF, BIDU, CMCSA, NWSA, GOLD, SHLD, SIAL, SRCL, WFM, XLNX,

Moves:

Gap Up: MAT, CREE

Gap Down: GOOG, IBM, APOL, CHKP

Resistance BO: ANR, JRCC, BTU, CNX, WLT, AMGN, ISRG, ADBE, GLW, WYNN, V

Bounce: GMCR, NFLX, NWSA, SRCL, DTV, BRCM, AVGO, CLF, TIF, JNPR, AKS, C, DE, X

27 OF 100 NDX stock closed higher on Thursday…

Leading NDX 100 stocks included: LRCX, EBAY, GMCR, SIRI, KLAC, ROST, NTAP, MAT, TXN, VMED

Lagging NDX stocks included: GOOG, GOLD, NUAN, SNDK, LIFE, BIIB, PCLN, FLEX, DLTR, MCHP

Leading stocks > +2% on Thursday included: JNPR, INFA, CROX, MCP

Lagging stocks < -2.0% included: LDK, DHR, FB, CRUS, A GRPN, CIEN, JDSU, TSL, IBM, RVBD, TSLA, ZION, SWI, SWKS

Stocks to Watch on Friday…

Holding Above 30 DMA
VMED, CELF, GILD, VIAB, CHRW, CMCSA, WYNN, LINTA, RIMM, SIRI, INTU, NFLX, SHLD, FAST, FISV, PNRA, EA, ESRX, MNST, ADP, AMGN BIDU, ISRG, VRSN, XRAY, ADBE, FOSL, LRCX, MAT, MXIM, NWSA, SIAL, SRCL, WFM, YHOO, TXN, ALXN

Moving Above 30 DMA =1

EBAY 

Moving Below 30 DMA =8

BIIB, CTSH, FLEX, GOLD, GOOG, LIFE, MYL, SNDK

Staying Below 30 DMA

AKAM, CHKP, ORCL, APOL, INFY, ORLY, VRTX, CERN, COST, SPLS, AMZN, BMC, EXPE, FFIV, GRMN, HSIC, LLTC, PCAR, PCLN, VOD, WCRX, ADSK, DLTR, DTV, NUAN, QCOM, SBUX, AAPL, ATVI, BRCM, CA, MSFT, NTAP, PAYX, XLNX, CTXS, GMCR, SYMC, CSCO, MU, ALTR, BBBY, EXPD, AMAT, KLAC, MCHP, AVGO, ROST, STX, NVDA, DELL, INTC, MRVL, KRFT

Five Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Neutral