Eight of nine sectors moved higher on Tuesday and XLE, XLP and XLF were the strongest sectors…. XLB was the weakest sector.
Breadth strengthened as
decliners led advancers…2.25 to 1 on the NYSE and
1.93 to 1 on the NASDAQ…
Tuesday - strengthened, advancers led
Friday – weakened,
decliners led
Thursday – weakened, advancers led
Wednesday – weakened, advancers led
SPY up 1.14 at 153.25...volume 95 million shares…
VIX down .15 at 12.31…
TNX up .19 at 20.26…
TNX up .19 at 20.26…
TLT down 58 cents at 115.92…
XLF up 17 cents at 17.93…volume 44.4 million shares
XLF up 17 cents at 17.93…volume 44.4 million shares
AAPL down 17 cents at 459.99…volume 15.5 million
shares…
FB up
61 cents at`28.93…on volume of 49.3
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 rose 1.14 to a new high close on
Tuesday following a three day holiday. IWM +0.88%, DIA +.037%, SPY +0.75% and QQQ +0.72%. All closed higher.
AAPL shares moved down .17 forming
a hammer candle pattern in a flag consolidation. FB moved up
61 cents after a pause on Friday following a
MACD bullish divergence.
The Euro rose 40 pips
and closed 1.3388 bouncing in a complex bull flag pattern. 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
and STX moved slightly
lower.
Coal stocks ANR, JRCC, ACI, BTU and CNX
were mixed while WLT gained 5.38%. Solar stocks SPWR, FSLR, TSL and LDK rose
again on Tuesday.
The Market
Forecast Green Line is in the upper reversal zone.
____________________
Setups
Breakout: TW, CLB, MCHP,
AGO, VIAB, GCI, TIF, KORS, ZION, TEX, LSI,
SWKS, ADM, GLW, CRR, WLT, SHLD, BPOP, CERN, WDC, RS, TSCO, CRM
Diagonal Breakout: PBI, ORLY, HES, LIFE,
BBRY, NUS, GME, LVS, COST, STX
Bull Flag: CBG, AVP, WYN, VMI, ATI, CSTR,
LNKD, SLB, MWV, FOSL, XRX, QCOM, WMS, DNDN, ZNGA, C, RCL,
FIVE, ALB, MGM, GES, STZ, IM, ANGI, MAS
Gap Up: SINA
Gap Down:
Moves
Highlights: CTXS, WHR, TPX,
NFLX, SWKS, BBRY, SINA, FB, NTES, FSLR
Gap Up: WBC
Gap Down:
Breakout: ADI, AIZ, FB, ESI,
SWK, NFLX, ATVI, FAST, GNC, SPWR, ATML, AOL, CNX, GRPN, PRGO, MJN, AVX, MBI, ALTR, PM, STRZA, GS, JDSU, FTI
Bounce: HSP, RMD, TFM, CTL,
CTSH, KOS, A, RL, RSH, CNW, DECK, PMCS, JNPR, FFIV, NTES, CPA,
DNB, AKAM, MCO, FTNT, DPS, GMCR, MTW, PCLN, PTEN
Support Break: ULTA, STI, DE, CCL, CLF, RAX, IPI
____________________
70 of 100 NDX stocks
closed higher on Tuesday…
Leading NDX 100 stocks included: SPLS, XLNX,
STRZA, MY, SHLD, ESRX, ISRG, CSCO, FB, VRTX, CTSH, BRCM, FFIV
Lagging NDX stocks included: ALXN, MNST, REGN,
VOD, BIDU, WYNN, DLTR, EQIX, NVDA, SBAC, BIIB, WFM, LBTYA
Leading stocks> +2% on Tuesday included: TSLA, DECK, RVBD, ESI, NFLX, NTES, LDK, HLF, GS, FAS, ANF, GMCR, FB,
TPX
Lagging stocks < -2.0% included: HUM,
SINA, ATI, CDE, LVS, AKS, FAZ, FCX
Stocks to Watch on Wednesday…
Holding Above 30 DMA = 69
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, CMCSA, CTRX, ESRX, SIAL, BRCM, EQIX, FFIV, GRMN, MNST, VRSK
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, CMCSA, CTRX, ESRX, SIAL, BRCM, EQIX, FFIV, GRMN, MNST, VRSK
Moving Above 30 DMA = 5
AMZN, BBBY, CTSH, ORCL, VRTX
Moving Below 30 DMA = 2
COST, WYNN
Staying Below 30 DMA
EXPE, SBUX, STX, VOD, WFM, MDLZ, EXPD, LBTYA, DTV, AMGN, NUAN, AKAM,
GOLD, INTU, BMC, CHRW, BIDU, ALXN, FISV, INTC, FB, SBAC, REGN, AAPL
Twelve Week Intermediate
Term Market Trend: Up
Short Term Market Trend:
Neutral
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