Monday, October 15, 2012

XLF, SPY, AAPL, Bounce At Support... As C Has Positive Earnings Reaction...


All nine sectors moved up on Monday…XLV, XLF and XLY were the strongest sectors.

Breadth strengthened on Monday… advancers led decliners 2.00 to 1 on the NYSE and 1.75 to 1 on the NASDAQ…

Exchange     NYSE    NASDAQ
Advancers    2,004      1,574
Decliners        999         895

SPY up 1.19 cents at 144.08...volume 107.6 million shares
VIX down 87 cents at 15.27
TNX down 12 cents at 16.63
TLT down 28 cents at 123.69…
XLF up 18 cents at 1599…
Euro unchanged at 1.2954…

AAPL up 5.05 at 634.76volume 15.4 million shares

FB unchanged at`19.52volume 20.1 million shares…


Technical Commentary: C had positive reaction to earnings this morning which lifted XLF.  The Euro held steady and the SPY rose and VIX confirmed by moving lower.


Earnings Season brings more reports this next week...
 
Earnings to Watch:
Monday - C
Tuesday – INTC, IBM, GS, ISRG, APOL, LLTC, MAT, STT
Wednesday – BAC, AXP, EBAY, WYNN, LRCX, XLNX, CHKP
Thursday – GOOG, 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, 1.3345 S&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: NFLX, GLW, NTES, RCL

Resistance Setup:

At Support: BMC, APOL, VIAB,

Break of Support:  BBBY, YHOO, SINA,

Gap Up:  TXN, ISRG,

Gap Down: 

Resistance BO: 

Bounce: ALTR, LLTC, FISV, AMGN, GS, BAC, GES, C,

81 OF 100 NDX stock closed higher on Monday…

Leading NDX 100 stocks included:  VMED, ISRG, TXN, SNDK, FOSL, AMGN, BIDU, ADSK, MNST, WYNN, EA, FISV, CMCSA, LLTC, ALTR, MCHP, BIIB

Lagging NDX stocks included: APOL, BMC, BBBY, MAT, DLTR, CTXS, YHOO, COST, ORLY, EBAY GILD, CELF, VRTX, GOOG, MRVL, VOD, WCRX, KRFT

Leading stocks > +2% on  Monday included:  ANR, C, CRUS, GES, GS, BAC, COH. CIEN, FAS, JNPR, AKS, LVS, UAL

Lagging stocks < -2.0% included: LDK, DECK, FAZ, ESI, SINA


Stocks to Watch on Tuesday…
Holding Above 30 DMA = 27
GS, C, FAS, FCX, RCL, STI, BAC, CDE, ZION, HUM, GLW, DE, DHR, IBM, V, CHL, GRPN, NTES, UAL, HLF, TPX, CLF, X, ANR, CRM, F, TLT

Moving Above 30 DMA =1
AKS   


Moving Below 30 DMA = 0


Staying Below 30 DMA
TIF, LVS, RVBD, TBT, A, LNKD, LVS, SWK, TSL, TSLA, VMW, FB, ZAGG, SWI, SINA, ATI, CMG, INFA, JDSU, SOHU, MCP, ESI, ICE, MOS, SLB, ANF, CREE, CRUS, JNPR, URE, COH, CROX, NKE, VECO, CSTR, DECK, UCO, DLR, SMH, SWKS, X, WDC, CIEN, GES, FAZ, LDK


Five Week Intermediate Term Market Trend: Neutral
Short Term Market Trend: Neutral

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