Markets are closed on Monday for
President’s Day and
will reopen on Tuesday. Have a fun,
restful and safe three day weekend.
Five of nine sectors moved higher on Friday and XLV, XLU and XLP were the strongest sectors…. XLE was the weakest sector.
Breadth weakened as decliners led advancers…1.06 to 1 on the NYSE and 1.09 to 1 on the NASDAQ…
Friday – weakened,
decliners led
Thursday – weakened, advancers led
Wednesday – weakened, advancers led
Tuesday – strengthened, advancers led
Monday – weakened, decliners led
SPY down 18 cents at 152.11...volume 215.2 million
shares…
VIX down .20 at 12.46…
TNX up .07 at 20.07…
TNX up .07 at 20.07…
TLT down 34 cents at 116.50…
XLF down 8 cents at 17.76…volume 31.3 million shares
XLF down 8 cents at 17.76…volume 31.3 million shares
AAPL down -6.43 at 460.16…volume 14 million shares…
FB down 18 cents at`28.32…on volume of 33.1
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, SNDK, 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, MNST, CMCSA, NTAP
Negative – MCO, BIDU, RCL, SWI, CME, AKAM,
CSTR, NUAN, RVBD, BMC, VMW, STX, BRCM, BTU, PHM, MRK, AAPL
Technical Commentary:
The SPY dropped 18 cents on expiration Friday. IWM +0.03% moved slightly higher while DIA -0.04%, SPY -0.12% and QQQ -0.29% were down.
AAPL shares moved down -6.43 falling
to 465 indicating it is still in a consolidation pattern. FB moved down
18 cents pausing after bouncing on
Thursday forming a potential bear flag pattern.
The Euro was down 5 pips and closed at 1.3358 in a complex bull flag pattern more clearly
seen on a weekly chart. The
Euro chart suggests a move up is still likely. 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
-0.45% and STX -1.44% move lower.
Coal stocks ANR, JRCC, WLT, ACI, BTU
and CNX +3.36% moved lower on Friday. Solar stocks SPWR, FSLR, TSL and LDK were
lower.
The Market
Forecast Green Line is in the upper reversal zone.
____________________
Setups
Breakout: GLW, CRR,
WLT, SHLD, BPOP, CERN, WDC, SWK, ESI, RS, TSCO, CRM
Diagonal Breakout: FB, BBRY, SINA, NUS, GME, LVS, COST, STX
Bull Flag: FOSL, NTES, JNPR, FFIV,
XRX, QCOM, WMS, PMCS, DNDN, ZNGA, CNW, C, DECK, STI, RCL,
FIVE, ALB, RL, RSH, MGM, GES, STZ, IM, ANGI, MAS
Gap Up:
Gap Down:
Moves
Highlights: CTXS, WHR,
TPX, NFLX, SWKS, BBRY, SINA, FB, NTES, FSLR
Gap Up: MWV, WBC, ADM
Gap Down: IPGP, KOS, A
Breakout: NFLX, ATVI,
FAST, CTSH, GNC, WFM, CTL, ULTA, ITRI, TFM,
SPWR, ATML, AOL, SLB,
SWKS, CNX, GRPN, LNKD, PRGO, MJN, AVX, MBI, SWK, LSI, CSTR, ALTR, PM, TEX, ZION, STRZA, ATI, GS, JDSU,
VMI, FTI
Bounce: WYN, KORS, RL, TIF, SINA, CPA, DNB, AKAM,
MCO, FTNT, GCI, SBAC, DPS,
GMCR, LIFE, VIAB, CRR, AGO, HES, MTW, AVP, AIZ, MCHP, PCLN, CLB,
ORLY, PTEN, CBG, TW, PBI, ADI, RCL
Support Break: DE, CCL, HSP, RMD, CLF, RAX, IPI,
____________________
41 of 100 NDX stocks
closed higher on Friday and two were
unchanged…
Leading NDX 100 stocks included: MNST, SNDK,
DLTR, ATVI, BIIB, CMCSA, INTU, NTAP, AKAM, NWSA
Lagging NDX stocks included: GOLD, REGN, SHLD,
SBUX, MU, NUAN, DTV, ALXN, BBBY, LINTA
Leading stocks> +2% on Friday included: YELP, VMW
Lagging stocks < -2.0% included: BBRY,
A, LDK, TSL, SSYS, TSLA, RAX, UCO, DLR, GMCR, CDE, MCP, FLSR, STI, CLF, JDSU
Stocks to Watch on Tuesday…
Holding Above 30 DMA = 64
CSCO, VMED, LLTC, PCAR, XLNX, TXN, ADI, ADSK, DELL, NWSA, DISCA, AMAT, FOSL, KLAC, VIAB, WDC, CHKP, FAST, MCHP, SNDK, STRZA, SIRI, ADP, EBAY, 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, BIIB, MAT, PAYX, CTXS, QCOM, ADBE, PRGO, YHOO, ALTR, DLTR, NVDA, ORCL, CMCSA, CTRX, ESRX, SIAL, BRCM, COST, EQIX
CSCO, VMED, LLTC, PCAR, XLNX, TXN, ADI, ADSK, DELL, NWSA, DISCA, AMAT, FOSL, KLAC, VIAB, WDC, CHKP, FAST, MCHP, SNDK, STRZA, SIRI, ADP, EBAY, 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, BIIB, MAT, PAYX, CTXS, QCOM, ADBE, PRGO, YHOO, ALTR, DLTR, NVDA, ORCL, CMCSA, CTRX, ESRX, SIAL, BRCM, COST, EQIX
Moving Above 30 DMA = 4
FFIV, GRMN, MNST, VRSK
Moving Below 30 DMA = 5
AMZN, BBBY, EXPE, SBUX, STX
Staying Below 30 DMA
ORCL, VOD, VRTX, WFM,
MDLZ, EXPD, LBTYA, COST, CTSH, DTV, EQIX, AMGN, NUAN, AKAM, GOLD, INTU, BMC, CHRW, BIDU, ALXN, FISV, INTC, FB, SBAC,
BRCM, REGN, AAPL
Twelve Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Neutral
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