Four of nine sectors moved higher and one unchanged on Wednesday…XLV, XLU and XLE were
the strongest sectors …XLF was the
weakest sector….
Breadth weakened…advancers
led decliners…1.13 to 1 on
the NYSE and decliners led advancers 1.08 to 1 on the NASDAQ…
Wednesday – weakened, advancers led NYSE
Tuesday – strengthened, advancers led
Monday – weakened, decliners led
Friday – strengthened, advancers led
Thursday – weakened, decliners led
SPY unchanged at 156.19...volume 99.9 million
shares…
VIX up .38 at 13.15…
TNX down .55 at 18.51…
TNX down .55 at 18.51…
TLT up 1.00 at 118.36…
XLF down 8 cents at 18.16 volume 31.9 million shares
XLF down 8 cents at 18.16 volume 31.9 million shares
AAPL down -9.05 at 452.08…volume 11.8 million shares…
FB up 89 cents at`26.09…volume 52.3 million
shares…
Technical Commentary:
QQQ +0.13% led
IWM + 0.07%, SPY +0.00% and DIA -0.22% on Wednesday
as each index rebounded from its opening low on continued Cyprus worries.
AAPL -9.06 closed lower and above its 30 DMA for the eighth straight day and
formed a black candle following Tuesday’s bearish engulfing pattern. FB +89 cents formed
large bullish engulfing and closed above its Fib 50% retracement level from its
Nov 12 low… is still a setup for
a potential C Pattern Entry after a support bounce.
The Euro was down 76 pips and closed at 1.2776 on Wednesday. A new bank withdrawal guidelines in Cyprus were
announced.
Trade what you see on the
chart of your position. The trend is up
and traders should lock in profits when targets are
reached. As always look for re-entry according to your rules.
The SPY was unchanged as TNX was moved lower
and TLT Bonds closed higher.
The Market
Forecast Green Line is in the upper
zone.
____________________
Setups
Breakout: WDC, HES,
CMP, CSTR, ANGI, ILMN, DISH, DISCA,
ICE, SPLK, NTES, SLM, AL, ADM
Diagonal Breakout: CBOE, CLB, MGM, BTU, HLF, GNC
Bull Flag: IBM, CHK, MWV, MOS, CNW, PTEN, NAV, AVGO, VIAB, MBI,
CIEN, ZION, ZNGA, DWA, URI, PMCS, FTNT, PLCM, ANR, BBRY, APOL,
NKE,
Potential Bullish
Divergence: CCL, MCP, SLB, IPI
Gap Down: RHT
Bear Flag: KLAC, RCL, CCL, ULTA, MJN, HSP
Break of Support: JOY, A, GRMN, AGU, FB, HRS, IPI, AKAM
Moves
Highlights: NFLX, NTES,
TPX, CREE, SSYS, ANGI, Z, BBRY
Gap Up: MU, AWAY, WSM, WAG
Gap Down: CLF, GES, DE, CAH, FDS
Breakout: AOL, MON, GILD,
LBTYA, FTI, FL, NUS, RMD, LVS, HRB, VECO, YHOO, DLTR, MAT, VRTX, AMGN, CMCSA, FAST, BBRY,
NUAN, DECK, SPWR, Z, TPX, COG, TEX, CORN, UNG, MTW, MDRX, WPO,
SNDK, PBI, PRGO, STRZA, SHLD, TRIP, OGE,
Bounce: FB, CRR, CBS, CIE,
VMW, CHTR, ALXN, TIBX, TECD, ARG, ORCL, WLT, KORS, JOY, A, NFLX, EOG, TXN, P, CBG, AVP, RCL, NVR,
ABC, CRM, LNKD, GOOG, SBUX, XRX, MSFT
MACD Divergence Bounce:
FB, SLB, WLT, SINA, ROST, EBAY
Bear Flag: RAX, DDD, AAPL,
TFM, DSW, SINA, EBAY, GTI, DKS, JCP, CPRT, DDS, BTU, CTL
Support Break: MCP, EXPD, CTSH, JDSU, JRCC, FFIV
____________________
53 of 100 NDX stocks
closed higher and two were unchanged on Wednesday…
Leading NDX 100 stocks included: GILD, FB,
BIIB, WDC, ALXN, BIDU, STX, GOLD, AMZN, CHKP
Lagging NDX stocks included: CHKP, ALXN, SHLD,
MYL, CMCSA, AAPL, EXPE, PRGO, GRMN, LINTA
Leading stocks> +2% on Wednesday included: TPX, DECK, ANR, VMW, HUM, WDC, GRPN, UNG
Lagging stocks < -2.0% included: CLF,
RAX, LDK, ZAGG
Stocks to Watch on Thursday…
Holding Above 30 DMA = 66
VMED, DELL, NWSA, SNDK, STRZA, ADP, SYMC,GILD, HSIC, CERN, BIIB, MAT, PAYX, PRGO, YHOO, DLTR, ESRX, AMGN, DISCA, MU, SBAC, ADBE, CELG, FISV, INTU, LBTYA, MDLZ, MSFT, SRCL, VRSK, VRTX, REGN, VIAB, ADSK, SBUX, BMC, CA, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, SHLD, DTV, LIFE, STX, SPLS, WYNN, AAPL, COST, LINTA, CMCSA, NUAN, GOLD, ROST, ATVI, CHRW, TXN, ADI, BRCM, INTC, LLTC, MXIM, QCOM, WDC
VMED, DELL, NWSA, SNDK, STRZA, ADP, SYMC,GILD, HSIC, CERN, BIIB, MAT, PAYX, PRGO, YHOO, DLTR, ESRX, AMGN, DISCA, MU, SBAC, ADBE, CELG, FISV, INTU, LBTYA, MDLZ, MSFT, SRCL, VRSK, VRTX, REGN, VIAB, ADSK, SBUX, BMC, CA, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, SHLD, DTV, LIFE, STX, SPLS, WYNN, AAPL, COST, LINTA, CMCSA, NUAN, GOLD, ROST, ATVI, CHRW, TXN, ADI, BRCM, INTC, LLTC, MXIM, QCOM, WDC
Moving Above 30 DMA = 2
NVDA, WFM
Moving Below 30 DMA = 3
GOOG, MCHP, ORLY
Staying Below 30 DMA
FAST, SIAL,
MNST, MYL, CSCO, ORCL, XRAY, CTSH, CTXS, EXPE,
FOSL, PCLN, ALTR, AMAT, AMZN, SIRI,
CTRX, EQIX, CHKP, KLAC, ISRG, EBAY, FFIV, NTAP, GRMN, EXPD, AKAM, BIDU, FB
Ten Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Neutral
1 comment:
Apple has seen its best days.
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