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
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…
TNX +0.53 at 18.28…
TLT down -62 cents at 120.86…
XLF up at 15.88…volume 52.8 million shares
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.
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
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
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
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,
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
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
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
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