Two sectors moved higher on Thursday… XLU, XLK and XLF were the strongest
sectors. XLB was the weakest sector.
Breadth strengthened as advancers led
decliners…1.09 to 1 on the NYSE and
1.61 to 1 on the NASDAQ…
Thursday – strengthened, advancers led
Wednesday – weakened, decliners led
Tuesday – strengthened, advancers led
Monday – weakened, decliners led on NYSE and advancers led on NASDAQ
Friday – strengthened,
advancers led
Thursday – strengthened, advancers led
The chart continues to indicate that the uptrend is more
likely to continue, stay prepared for a potential pullback.
SPY down 37 cents at 149.70...volume 108.9 million
shares…
VIX down .04 at 14.28…
TNX down .21 at 19.85…
TNX down .21 at 19.85…
TLT up 57 cents at 117.32…
XLF down 1 cent at 17.38…volume 35.5 million shares
XLF down 1 cent at 17.38…volume 35.5 million shares
AAPL down 1.34 at 455.49…volume 11.4 million shares…
FB down 26 cents at`30.98…on volume of 190.7
million shares…
Look for stocks with
good earnings and guidance to likely rise and those with either weak earnings or guidance
likely to fall in price.
Earnings to Watch this
Week:
Monday – BMC, CAT, STLD, VMW, YHOO, ZION, STX
Tuesday – AKS, AMZN, BRCM, DHR, GLW, HOG, IP, BTU
Wednesday – BA, CTXS, EA, JDSU, QCOM, SWKS
Thursday – AET, MO, CTRP, MA, PCAR, POT, PHM, UA, VIAB, WHR
Friday – CVX, XOM, MAT,
MRK, PRGO
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Technical Commentary:
The SPY formed a
potential shooting star closing down 39 cents. IWM +0.69%, QQQ -0.22%, SPY -0.25% and DIA –0.34%, and AAPL shares moved down –1.34 forming a doji. FB closed down 25 cents on better than
expected earnings.
The Euro was up 12 pips to close at 1.3577 on Thursday in its strong uptrend.
Trade what you see on the
chart of your position. Stay with the uptrend according to your rules. If the
stock begins to rollover protect your profits.
Disk storage stocks rose,
WDC +0.32% and STX +0.27%.
Coal stocks ANR, ACI, CNX, BTU, WLT,
and JRCC moved higher.
The Market
Forecast Green Line is in the upper reversal zone.
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Setups
Breakout: COST,
ADI
Diagonal Breakout: BAC, SBAC
Bull Flag: CERN, MOS, MON, C, MGM,
STI, CRM, FFIV, AVX, NIHD, XRX, TEX, SHLD, SINA, SWK, CHK,
HES
Gap Up: QCOM, CTXS, JDSU, SWKS
Gap Down: FB
Moves
Gap Up: FTNT, PBI, JDSU, WMS, MJN, SWKS, TSCO, CTXS, CLB,
QCOM, LVS
Gap Down: CBT, TWC, HAR, DOW, RMD,
Breakout: VIAB, ZION, CLF, FAST, FIVE, TIF, GS
Bounce: RSH, ZNGA, GMCR, JNPR, ESI, LIFE, BPOP,
NUAN, STRZA, UNG,
____________________
45 of 100 NDX stocks
closed higher on Thursday…
Leading NDX 100 stocks included: CTXS, QCOM,
CHKP, AVGO, VIAB, SNDK, FOSL, MAT, WYNN, SHLD, PRGO, PAYX, WFM
Lagging NDX stocks included: BRCM, AMZN, YHOO,
CMCSA, PCAR, DTV, CTRX, INTC, NTAP, CHRW, MSFT, ALXN, PCLN, ADI
Leading stocks> +2% on Thursday included: JDSU, SWKS, LDK, CIEN, LVS, ESI, GRPN, TSL, YELP, JNPR, ANR, CLF,
GMCR, GES
Lagging stocks < -2.0% included: RIMM,
DLR, RCL, TPX, NTES, HLF
Stocks to Watch on Friday…
Holding Above 30 DMA = 76
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV, ORCL, COST, NWSA, DISCA, AMAT, CTSH, FOSL, KLAC, VIAB, NUAN, STX, LBTYA, WDC, CHKP, FAST, MCHP, SNDK, EQIX, STRZA, CTXS, CHRW, SIRI, BIDU, VRSK, ADP, AMZN, EBAY, EXPE, LINTA, MU, SRCL, SYMC, VRTX, WYNN, FB, CA, CELG, GILD, HSIC, INTU, LIFE, PCLN, QCOM, MDLZ, CTRX, ROST, SPLS, AVGO, ATVI, SHLD, MSFT, MYL, NTAP, MXIM, CERN, WFM, XRAY, VOD, DLTR, ISRG, GOOG, ORLY, BBBY, BIIB, MAT, PAYX, AMZN
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV, ORCL, COST, NWSA, DISCA, AMAT, CTSH, FOSL, KLAC, VIAB, NUAN, STX, LBTYA, WDC, CHKP, FAST, MCHP, SNDK, EQIX, STRZA, CTXS, CHRW, SIRI, BIDU, VRSK, ADP, AMZN, EBAY, EXPE, LINTA, MU, SRCL, SYMC, VRTX, WYNN, FB, CA, CELG, GILD, HSIC, INTU, LIFE, PCLN, QCOM, MDLZ, CTRX, ROST, SPLS, AVGO, ATVI, SHLD, MSFT, MYL, NTAP, MXIM, CERN, WFM, XRAY, VOD, DLTR, ISRG, GOOG, ORLY, BBBY, BIIB, MAT, PAYX, AMZN
Moving Above 30 DMA =3
AKAM,
CTXS, QCOM
Moving Below 30 DMA = 5
CMCSA, DTV, FISV, INTC, YHOO
Staying Below 30 DMA
ADBE, AMGN, VRTX, SBAC, BMC, BRCM, NVDA, ALTR, ALXN, ESRX, PRGO, REGN,
GRMN, MNST, AAPL, GOLD
Nine Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Up
