All nine sectors moved higher on Friday… XLY, XLE and XLV were the strongest
sectors. XLK was the weakest sector for the
second straight day on a falling AAPL.
Breadth strengthened as advancers led decliners…1.56 to
1 on the NYSE and 1.26 to 1 on the NASDAQ…
Friday – strengthened,
advancers led
Thursday – strengthened, advancers led
Wednesday – weakened, decliners led
Tuesday – strengthened, advancers led
Monday – MLK Holiday
The SPY moved to another new high close as NFLX +15.46%, MCP +13.15%, CRUS +10.15% and DECK +7.50%. AAPL -10.62, -2.36%, was down for the second straight day.
The chart continues to indicate that the uptrend is more
likely to continue.
SPY up 84 cents at 150.25...volume 147.2 million
shares…
VIX up 0.20 at 12.89…
TNX up 1.03 at 19.47…
TNX up 1.03 at 19.47…
TLT down -1.64 at 118.03…
XLF up 8 cents at 17.47…volume 45.8 million shares
XLF up 8 cents at 17.47…volume 45.8 million shares
AAPL down -10.62 at 429.88…volume 43.1 million shares…
FB up 46 cents at`31.54…on volume of 54.3
million shares…EPS Jan 30…bull flag bounce
Look for stocks with
good earnings and guidance to likely rise and those with either weak earnings or
guidance likely to fall in price. The
earnings pause seems to be vanishing as traders reacted to strong earnings again
on Friday.
Earnings to Watch this
Week:
Monday – BMC, CAT, RCL, STLD, VMW, YHOO, ZION
Tuesday – AKS, AMZN, BRCM, CHRW, 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
__________________
Technical Commentary:
The SPY made another new high close. IWM +0.73%, SPY +0.56%, QQQ +0.51% and DIA +0.43%, as AAPL
shares falling price slowed. FB closed higher
near horizontal resistance.
The Euro was up 82 pips to close at 1.3457 on Friday breaking out in its
strong uptrend.
Trade what you see on the
chart of your position. If it is
breaking out of resistance take the trade or stay with the uptrend according to
your rules.
If the stock begins to rollover
protect your profits.
Disk storage stocks rose
as WDC +0.61% and STX +1.03% EPS
Jan 28.
Coal stocks ANR, ACI,
CNX moved slightly lower as BTU and
JRCC rose. Chinese solar stocks
TSL rose and LDK moved lower.
The Market
Forecast Green Line is in the upper reversal zone.
____________________
Setups
Breakout: FAST, C,
VIAB, CERN, ZION, MGM, COST, FB,
CRM, STI, CTXS, ADI
Diagonal Breakout: BAC, JDSU, CLF, SBAC
Bull Flag: SINA, SWK, SHLD, BRCM, BIDU, SMH, HLF, CTSH,
STI, RIMM, STX, F, JOY, LCC, LF, VECO, UNG, KBH, X, ATI, ANR, AKS, QCOM,
Gap Up:
Gap Down:
Moves
Gap Up: OSK, ADSK, TPX,
Gap Down: HAS
Breakout: DECK, GMCR, PCLN, EXPE,
NKE, JNPR, AMZN, FOSL, VMW, GILD, TRIP, EBAY, ADSK, SNDK, APOL, BAC, LIFE, NTAP,
MOS, NTES, CREE, IBM, PCAR, LEN, LNKD, EQIX, DE, IWM, SPY, FAS, A, PHM, TOL, ROST,
GOOG, ISRG, SOHU, EXPD, WAG, RAX, RCL, WDC
Bounce: NFLX, TEX, FFIV, CRUS,
RSH, SWI, AVT, BPOP, MCP, NUAN, TIF, GES, ANF, STRZA, GM, YELP, UAL, ADBE, REGN, TSL, FSLR,
LVS, V
____________________
78 of 100 NDX stocks
closed higher on Friday…
Leading NDX 100 stocks included: KLAC, PCLN, EXPE, SBUX, AMZN, ADSK, NUAN, CTXS, LIFE, EBAY
Lagging NDX stocks included: AAPL, MAT, GOLD,
MNST, QCOM, VRTX, TXN, SBAC, SHLD, ISRG
Leading stocks> +2% on Friday included: NFLX, MCP, CRUS, DECK, VRSN, CSTR, TPX, GMCR, JNPR, SWI, MOS, NTES,
VMW, NKE, DLR, RVBD, TIF, TBT, ANF, CREE, SSYS, LNKD, VECO
Lagging stocks < -2.0% included: ESI,
LDK, CDE, CHL
Stocks to Watch on Monday…
Holding Above 30 DMA = 85
SBUX, CSCO, VMED, SBAC, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV, ORCL, COST, ADBE, NWSA, DISCA, AMAT, CTSH, FOSL, KLAC, VIAB, NUAN, STX, LBTYA, WDC, CHKP, FAST, MCHP, SNDK, EQIX, STRZA, CTXS, CHRW, SIRI, BIDU, VRSK, ADP, AMZN, BRCM, CMCSA, DTV, EBAY, EXPE, LINTA, MU, SRCL, SYMC, VRTX, WYNN, FB, CA, CELG, GILD, HSIC, INTU, LIFE, PCLN, QCOM, MDLZ, CTRX, ROST, SPLS, BMC, AVGO, ATVI, SHLD, YHOO,MAT, MSFT, MYL, NTAP, MXIM, CERN, WFM, XRAY, VOD, DLTR, ISRG, GOOG, ORLY, AKAM, BBBY
SBUX, CSCO, VMED, SBAC, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV, ORCL, COST, ADBE, NWSA, DISCA, AMAT, CTSH, FOSL, KLAC, VIAB, NUAN, STX, LBTYA, WDC, CHKP, FAST, MCHP, SNDK, EQIX, STRZA, CTXS, CHRW, SIRI, BIDU, VRSK, ADP, AMZN, BRCM, CMCSA, DTV, EBAY, EXPE, LINTA, MU, SRCL, SYMC, VRTX, WYNN, FB, CA, CELG, GILD, HSIC, INTU, LIFE, PCLN, QCOM, MDLZ, CTRX, ROST, SPLS, BMC, AVGO, ATVI, SHLD, YHOO,MAT, MSFT, MYL, NTAP, MXIM, CERN, WFM, XRAY, VOD, DLTR, ISRG, GOOG, ORLY, AKAM, BBBY
Moving Above 30 DMA = 2
FISV, NVDA
Moving Below 30 DMA = 0
Staying Below 30 DMA
ALTR, INTC, PAYX, ALXN, ESRX, PRGO, REGN, AMGN, GRMN, MNST, AAPL, BIIB, GOLD
Nine Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Up
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