IWM, SPY New High Close...NFLX, FB Higher...Euro, AAPL Pause...

Five of nine sectors moved higher on Wednesday and XLU was unchanged… XLI, XLE and XLB were the strongest sectors….   XLF was the weakest sector. 

Breadth weakened as advancers led decliners…1.44 to 1 on the NYSE and 1.23 to 1 on the NASDAQ…

Wednesday – weakened, advancers led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – weakened, decliners led

SPY up 13 cents at 152.15...volume 82.3 million shares…

VIX up .34 at 12.98…
TNX up .37 at 20.19…

TLT down 95 cents at 115.79…
XLF down 3 cents at 17.78…volume 40.3 million shares

AAPL down 89 cents at 467.01…volume 17 million shares…i

FB up 54 cents at`27.91…on volume of 50.1 million shares…

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

Earnings Commentary:

With earnings season winding down notable movers have included:

Positive – ATVI, AOL, HUM, CMG, ZNGA, NTES, ORLY, TSO, TWX, HAS, LNKD, MCHP, OPEN, PM, ZION, AMZN, BA, CTXS, EA, JDSU, QCOM, SWKS, AET, MO, CTRP, UA, VIAB, WHR, MAT, PRGO, GE, SLB, STT, GOOG, NFLX, EBAY, GS, CREE, TPX, MJN, FFIV, TSCO, DV, PTEN, CBG, TW, CNW, AAP, ESI, RL

Negative – MCO, BIDU, RCL, SWI, CME, AKAM, CSTR, NUAN, RVBD, BMC, VMW, STX, BRCM, BTU, PHM, MRK, AAPL

Technical Commentary:

The SPY gained 13 cents making another New High Close.  IWM +0.42%, QQQ +0.35% and SPY +0.09% continued to move higher while DIA -0.13% was down.

AAPL shares moved down 89 cents finding support around 465 its consolidation/basing pattern resistance high.    FB moved up 54 cents forming a small bullish engulfing pattern.

The Euro was unchanged and closed at 1.3453 still in a bull flag bounce.  Over the past week the Euro pulled back into a bull flag pattern.  The SPY continued to rise without the support of the Euro.  A rising Euro with rising interest rates, falling bonds and rising financial stocks can help lift the SPY towards its chart targets of 154.04 and 158.83.

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 +0.93% and STX +0.95% moved higher.

Coal stocks BTU, CNX and ANR where higher while WLT, ACI and JRCC were lower on Wednesday.  Solar stocks FSLR and TSL were lower while SPWR and LDK were higher.

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

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Setups

Breakout: SHLD, MJN, RSH, MGM, GES, AVX, BPOP, MBI

Diagonal Breakout:  SWK, BBRY, LSI, NUS, GME, LVS, COST, CTSH,

Bull Flag: NTES, JNPR, FFIV, XRX, QCOM, WMS, PMCS, AGO, WYN, SINA, DNDN, ZNGA, CNW, C, DECK, STI, KORS, RCL, FIVE,

Gap Up:

Gap Down:

Moves

Highlights: CTXS, WHR, TPX, NFLX, SWKS

Gap Up:  VMI, ALB, FTI,

Gap Down: CLF, RAX, DF, DPS, FOSL, KOS,

Breakout: CSTR, PM, TEX, ZION, PRGO, STRZA, ATI, GS, JDSU

 

Bounce:  NFLX, MOS, LIFE, CHK, VIAB, CRR, AAP, LNKD, HES, FAST, MTW, MON, ATVI, DNB, VAL, AVP, MAS, AIZ, AKAM, ESI, SPWR, MCHP, PCLN, MCO, CERN, RS, CLB, ORLY, PTEN, CBG, TW, PBI, TSCO, CPA, SWK, CRM, TIF, FTNT, AOL, ADI, ATML, RL, GCI, RMD

Support Break:  DE, CCL, SBAC

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60 of 100 NDX stocks closed higher on Wednesday and one was unchanged…

Leading NDX 100 stocks included:  AMZN, CMCSA, CTRX, GRMN, ESRX, ALXN, MNST, FAST, FB, LIFE

Lagging NDX stocks included:  FOSL, VOD, NUAN, CTXS, SPLS, DLTR, HSIC, SBAC, DTV, LBTYA

Leading stocks> +2% on Wednesday included: GRPN, NFLX, URI

Lagging stocks < -2.0% included:  CLF, RAX, CDE, TSL, FSLR, DE, VMW, RCL, DECK

Stocks to Watch on Thursday…

Holding Above 30 DMA = 71
SBUX, CSCO, VMED, LLTC, PCAR, XLNX, TXN, ADI, ADSK, DELL, FFIV, NWSA, DISCA, AMAT, FOSL, KLAC, VIAB, STX, WDC, CHKP, FAST, MCHP,SNDK, STRZA, SIRI, ADP, EBAY, EXPE, LINTA, MU, SRCL, SYMC, WYNN, CA, CELG, GILD, HSIC, LIFE, PCLN, MDLZ, ROST, SPLS, AVGO, ATVI, SHLD, MSFT, MYL, NTAP, MXIM, CERN, WFM, XRAY, VOD, ISRG, GOOG, ORLY, BBBY, BIIB, MAT, PAYX, CTXS, QCOM, ADBE, PRGO, YHOO, ALTR, DLTR, NVDA, ORCL, CMCSA, CTRX

Moving Above 30 DMA = 5                      

AMZN, ESRX, SIAL, VRSK, VRTX

Moving Below 30 DMA = 2

EXPD, LBTYA

Staying Below 30 DMA

COST, CTSH, DTV, EQIX, AMGN, NUAN, AKAM, GOLD, INTU, BMC, CHRW, BIDU, ALXN, FISV, INTC, FB, SBAC, BRCM, REGN, GRMN, MNST, AAPL

Twelve Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up