Seven of nine sectors moved higher on Wednesday… XLU, XLY and XLF were the strongest
sectors. XLK was the weakest sector.
Breadth weakened but advancers still led
decliners…1.44 to 1 on the NYSE and
1.22 to 1 on the NASDAQ…
Wednesday – weakened, advancer led
Tuesday – strengthened, advancers led
Monday – weakened, decliners led
Friday – strengthened,
advancers led
Thursday – strengthened, advancers led
BBRY new symbol for
RIMM.
While the chart
continues in an uptrend today may have been the first day of the potential
pullback we have been prepared for.
SPY up .11 at 151.16...volume 138 million
shares…
VIX down .31 at 13.41…
TNX down .48 at 19.68…
TNX down .48 at 19.68…
TLT up .95 at 116.93…
XLF up .03 at 17.61…volume 29.9 million shares
XLF up .03 at 17.61…volume 29.9 million shares
AAPL down .49 at 457.35…volume 21.2 million shares…
FB up .41 at`29.05…on volume of 38.3
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
Positive earning reaction LF, NTES, ORLY, TWX
Negative earnings reaction AKAM, GMCR, NWSA, YELP
__________________
Technical Commentary:
The SPY was up .11 cents
just .08 cents below its all time closing high on Friday. QQQ
- 0.33%, SPY +0.07%, IWM +0.42%, DIA + 0.14% moved higher. AAPL shares moved down .49 forming a doji. FB moved up .41 confirming its bullish harami
pattern.
The Euro closed down 60 pips to close at 1.3521 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.
Many traders may have exited short term trades with profits on
Monday. So look potential re-entry.
Disk storage stocks WDC
and STX were higher.
Coal stocks WLT, ANR, CNX, JRCC,
BTU, ACI, were higher on Wednesday.
The Market
Forecast Green Line is in the upper reversal zone.
____________________
Setups
Breakout: DNDN,
MJN, FIVE, DECK, JNPR, C, FFIV, TEX, SHLD, LVLT, RSH, ATML, STRZA
Diagonal Breakout: SWK, LSI, MGM, STI, SBAC, ESI, GES,
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,
Gap Up: LF, NTES,
Gap Down: GMCR, AKAM, NWSA, NUS,
Moves
Gap Up: MBI, AGO, RS, WYN, RL,
Gap Down: CHRW, CFX, AFL, CME,
Breakout: NFLX, GS, CERN,
NUAN, ZNGA, JDSU, CLF, CHK
Bounce: QCOM, PBI, MTW,
AVX, SWKS, FTNT, SINA, APKT, GCI, ATI, PCLN, BBRY, DNDN, RMD, BPOP,
UNG, TSCO, ZION,
____________________
44 of 100 NDX stocks
closed higher on Wednesday and one
remained the same…
Leading NDX 100 stocks included: WDC, MNST,
BIIB, CERN, BIDU, STX, SNDK, FB, FFIV, AKAM, FOSL, MY, HSIC, YHOO, NUAN
Lagging NDX stocks included: CHRW, LBTYA, EXPE,
CTSH, WYNN, CELG, AMZN
Leading stocks> +2% on Wednesday included: NFLX, CMG, YELP, GRPN, UAL, ATI, ESI, SSYS, GMCR, AKS, WDC, TSLA, RVBD, SINA, SWKS, GES, X, ANR, TSL, CRUS,
CDE, DECK
Lagging stocks < -2.0% included:
Stocks to Watch on Thursday…
Holding Above 30 DMA = 92
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV, ORCL, COST, NWSA, DISCA, AMAT, CTSH, FOSL, KLAC, VIAB, NUAN, STX, WDC, CHKP, FAST, MCHP, SNDK, EQIX, STRZA, SIRI, VRSK, ADP, EBAY, EXPE, LINTA, MU, SRCL, SYMC, WYNN, CA, CELG, 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, AKAM, CTXS, QCOM, ADBE, PRGO, GOLD, AMGN, CMCSA, DTV, ESRX, INTU, NVDA, VRTX
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV, ORCL, COST, NWSA, DISCA, AMAT, CTSH, FOSL, KLAC, VIAB, NUAN, STX, WDC, CHKP, FAST, MCHP, SNDK, EQIX, STRZA, SIRI, VRSK, ADP, EBAY, EXPE, LINTA, MU, SRCL, SYMC, WYNN, CA, CELG, 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, AKAM, CTXS, QCOM, ADBE, PRGO, GOLD, AMGN, CMCSA, DTV, ESRX, INTU, NVDA, VRTX
Moving Above 30 DMA = 2
YHOO, ALTR
Moving Below 30 DMA = 6
AMZN, CTSH, LBTYA, CHRW, BMC, DLTR
Staying Below 30 DMA
BIDU, ALXN, FISV, INTC,
YHOO, FB, SBAC, BRCM, ALTR, REGN, GRMN, MNST, AAPL
Eleven Week Intermediate
Term Market Trend: Up
Short Term Market Trend:
Neutral
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