All nine sectors moved higher on Tuesday… XLU, XLB and XLE were the strongest
sectors. XLP was the weakest sector.
Breadth strengthened as advancers led
decliners…2.71 to 1 on the NYSE and
2.64 to 1 on the NASDAQ…
Tuesday – strengthened, advancers led
Monday – weakened, decliners led
Friday – strengthened,
advancers led
Thursday – strengthened, advancers led
Wednesday – weakened, decliners 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 1.52 at 151.05...volume 113 million
shares…
VIX down .95 at 13.72…
TNX up .43 at 20.16…
TNX up .43 at 20.16…
TLT down 1.04 at 115.98…
XLF up .17 at 17.58…volume 47.3 million shares
XLF up .17 at 17.58…volume 47.3 million shares
AAPL up 15.53 at 457.84…volume 20 million shares…
FB up .53 at`28.64…on volume of 47.9
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 BMCR,
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 ADP, EXPE, PNRA, DIS
__________________
Technical Commentary:
The SPY bounced higher
after a one day pullback just 19 cents below its all time closing high last
Friday. QQQ +1.47%, SPY + 1.01%, IWM +0.90%, DIA + 0.59% moved higher as AAPL shares moved up
15.53 forming a bullish engulfing pattern. FB moved up 53
cents forming a bullish harami pattern.
The Euro closed up 69 pips to close at 1.3581 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 ANR, ACI, BTU, WLT were
lower on Tuesday
The Market
Forecast Green Line is in the upper reversal zone.
____________________
Setups
Breakout: DECK, GMCR,
JNPR, CERN, C, FFIV, TEX, SHLD, LVLT, RSH, ATML, NUAN, STRZA
Diagonal Breakout: ZNGA, SWK, LSI, MGM, STI, SBAC, ESI, GES,
Bull Flag: PCLN, MON, CRM, XRX, DE, QCOM, CTXS, PBI, WMS,TIF, PMCS, MTW, PRGO, LVS, CRR, ATI,
COST, ADI, AVX, SWKS, FTNT, VIAB, FAST, MOS,
SINA, HES, LIFE, APKT, GCI, TIF, RCL,
Gap Up:
Gap Down:
Moves
Gap Up:
Gap Down: BIDU
Breakout: CLB, GME, JDSU, CLF, CHK
Bounce: BBRY, NFLX, DNDN,
RMD, BPOP, PCLN, MJN, UNG, TSCO, ZION, FIVE, GS
____________________
92 of 100 NDX stocks
closed higher on Tuesday and one remained
the same…
Leading NDX 100 stocks included: VMED, EXPE,
AAPL, AMAT, ESRX, ADP, CMCSA, AMZN, GILD, SYMC, DTV, NVDA, ALST, VRTX
Lagging NDX stocks included: BIDU, LBTYA, GOLD,
AKAM, GRMN REGN, VOD
Leading stocks> +2% on Tuesday included: YELP, BAC, GAS, CIEN, MCP, TIF, F, CSTR, HUM, VECO
Lagging stocks < -2.0% included: SWI,
FAZ, ANR, GRPN
Stocks to Watch on Wednesday…
Holding Above 30 DMA = 78
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV, ORCL, COST, NWSA, DISCA, AMAT, CTSH, FOSL, KLAC, VIAB, NUAN, STX, LBTYA, WDC, CHKP, FAST, MCHP, SNDK, EQIX, STRZA, CHRW, SIRI, BIDU, 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
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV, ORCL, COST, NWSA, DISCA, AMAT, CTSH, FOSL, KLAC, VIAB, NUAN, STX, LBTYA, WDC, CHKP, FAST, MCHP, SNDK, EQIX, STRZA, CHRW, SIRI, BIDU, 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
Moving Above 30 DMA =10
AMGN, AMZN, BMC, CMCSA, DLTR, DTV, ESRX, INTU, NVDA, VRTX
Moving Below 30 DMA = 1
BIDU
Staying Below 30 DMA
ALXN, FISV, INTC, YHOO,
FB, SBAC, BRCM, ALTR, REGN, GRMN, MNST, AAPL
Eleven Week Intermediate
Term Market Trend: Up
Short Term Market Trend:
Neutral
3 comments:
Dave:
Thank you.
Robert
CANI_212
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