AAPL Close Above Short-term Resistance...Euro Falls...

Two sectors moved higher on Thursday… and one remained the same… XLP and XLU were the strongest sectors…XLK remained the same.   XLB was the weakest sector. 

Breadth weakened but with decliners leading advancers…1.32 to 1 on the NYSE and 1.63 to 1 on the NASDAQ…

Thursday – weakened, decliners led

Wednesday – weakened, advancer led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

SPY down .20 at 150.96...volume 162.4 million shares…

VIX up .09 at 13.47…
TNX down .17 at 19.51…

TLT down .26 at 116.67…
XLF down .05 at 17.56…volume 50.5 million shares

AAPL up 13.52 at 468.22…volume 25.1 million shares…

FB down .40 at`28.65…on volume of 34.5 million shares…

Look for stocks that have reported good earnings and are in an uptrend. 

Earnings to Watch this Week:

Monday – BIDU, XRAY, GILD, HUM, LIFE, RCL, SOHU, SWI

Tuesday – ADP, CME, CMG, EXPE, FISV, HCA, K, PNRA, SIRI, VMED, DIS, ZNGA

Wednesday – AKAM, GMCR, LF, NTES, NWSA, NUS, ORLY, PRU, TSO, TWX, V, YELP

Thursday – CTSH, CSTR, HAS, LNKD, MCHP, NUAN, OPEN, PCAR, PM, RVBD, SIAL,

Friday – AOL, CBOE, MCO 

Technical Commentary:

The SPY was down 20 cents forming another spinning top in its twelve day consolidation.  QQQ +0.09%, SPY -0.13%, IWM -0.33%, DIA -0.21% continued to trade in a narrow range.  AAPL shares moved up 13.52 closing above recent resistance of its consolidation/basing pattern.    FB moved down 40 cents.

The Euro closed down 125 pips to close at 1.3396 in a bull flag pattern.

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 then look potential re-entry according to your rules.

Disk storage stocks WDC and STX were mixed.

Coal stocks WLT, ANR, CNX, JRCC, BTU, ACI, were lower on Thursday.

The Market Forecast Green Line is in the upper reversal zone. 

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Setups

Breakout: DNDN, MJN, FIVE, DECK, JNPR, C, FFIV, TEX, SHLD, LVLT, RSH, ATML, STRZA, QCOM

Diagonal Breakout:  SWK, LSI, MGM, STI, SBAC, ESI, GES, CLF, CHK

Bull Flag: MON, CRM, XRX, DE, QCOM, CTXS, PBI, WMS,TIF, PMCS, PRGO, LVS, CRR, COST, ADI, AVX, VIAB, FAST, MOS, HES, LIFE, RCL, CLB, GME, MBI, AGO, RS, WYN, CERN, SWKS, FTNT, SINA,

Gap Up:  LNKD, MCHP,

Gap Down:  CSTR, NUAN, RVBD,

Moves

Gap Up:  ORLY, NTES, DV, PTEN, CBG, CECO, TW, CNW, AAP, ESI, RL

Gap Down:  AKAM, ATML, CPA, TDC

Breakout: NFLX, GS, ZNGA, JDSU

 

Bounce:  CTSH, PM, NUS, PBI, MTW, AVX, GCI, ATI, PCLN, BBRY, RMD, BPOP, TSCO, ZION,

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29 of 100 NDX stocks closed higher on Thursday and one remained the same…

Leading NDX 100 stocks included:  ORLY, SRCL, LBTYA, AAPL, CTSH, VMED, YHOO, ROST, CERN, STRZA, GILD, FOSL

Lagging NDX stocks included:  AKAM, MU, MNST, FFIV, NWSA, SPLA, REGN, BIDU, AVGO

Leading stocks> +2% on Thursday included: NTES, ESI, DECK, ZAGG, ICE

Lagging stocks < -2.0% included:  GMCR, YELP, VECO, CLF, LDK, V, CRUS, SINA, GRPN, UCO

Stocks to Watch on Friday…

Holding Above 30 DMA = 73
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV, COST, NWSA, DISCA, AMAT, FOSL, KLAC, VIAB, NUAN, STX, WDC, CHKP, FAST, MCHP,SNDK, STRZA, SIRI, VRSK, ADP, EBAY, EXPE, LINTA, MU, SRCL, SYMC, WYNN, CA, CELF, GILD, HSIC, LIFE, PCLN, MDLZ, CTRX, ROST, SPLS, AVGO, ATVI, SHLD, MSFT, MYL, NTAP, MXIM, CERN, WFM, XRAY, VOD, ISRG, GOOG, ORLY, BBBY, BIIB, MAT, PAYX, CTXS, QCOM, ADBE, PRGO, DTV, ESRX, YHOO

Moving Above 30 DMA = 2                                  

CTSH, LBTYA

Moving Below 30 DMA = 10

AKAM, ALTR, AMGN, CMCSA, GOLD, INTU, NVDA, ORCL, VRTX, EQIX

Staying Below 30 DMA

AMZN, BMC, CHRW, DLTR, BIDU, ALXN, FISV, INTC, FB, SBAC, BRCM, REGN, GRMN, MNST, AAPL

Eleven Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral