Four of nine sectors moved higher on Friday…XLY, XLU and XLP were
the strongest sectors…XLE was the
weakest sector…
Breadth weakened…decliners
led advancers 1.53
to 1 on the NYSE and 1.39 to 1 on the NASDAQ…
Friday – weakened,
decliners led
Thursday – weakened,
mixed
Wednesday –
strengthened, advancers led
Tuesday – weakened,
mixed
Monday - strengthened,
advancers led
SPY
down 39 cents at 158.80…volume 116.3 million shares
VIX
down .18 at 12.06…
TNX
down .70 at 17.21…
TLT
up 1.79 at 121.93…
XLF
down 8 cents at 18.47…volume 46.2 million shares
AAPL
down 4.35 at 429.80…volume 8.5 million shares
FB
down 62 cents at 27.40…volume 28.7 million shares
Technical Commentary:
DIA +0.01%, QQQ -0.07%, SPY -0.24% and
IWM -0.40% began bull flag patterns on a one day pullback. All four index ETFs closed above
their 30 DMA. The short-term trend remains
up.
AAPL moved down -4.53 on a lighter 8.5 million shares staying below its 30
DMA and above its recent 420 support area.
AAPL formed a bearish engulfing pattern. FB reversed Thursday’s gains on a lighter
volume of 28.7 million shares while also forming a bearish engulfing
pattern.
NTAP +1.98, +5.93% led the NDX on volume of 20.9 million shares that
was 229% above its 30 day average
volume. Heavy buying and no news
releases.
RALY +27.2%, +3.41, a cloud-based software applications company went
public selling 6 million shares at $14 on Friday.
This week earnings season started with reports from AA, FAST, BBBY, JPM and WFC and will
continue on Monday.
BBBY +4.31% gained 2.76 on Friday after falling -1.50
on Thursday…reported EPS after the close on Wednesday.
Key Earnings next week:
Monday – C, LLTC
Tuesday – KO, CSX, GS, INTC,
JNJ, USB, URI, YHOO
Wednesday – AXP, BAC, EBAY,
MAT, SNDK
Thursday – AMD, CMG, FCX, GOOG,
ISRG, KEY, LDK, MSFT, MS, BTU, PEP, PM, UNP, UNH, VZ
Friday – BHI, GE, KMB, MCD,
STT, STI, SLB, UA
Trade what you see on the chart of your position. The trend continues to be up and traders should lock in profits when targets are
reached. As always look for re-entry
according to your rules.
The Market Forecast Green Line is in the upper zone.
____________________
Setups
H Breakout: BIDU, CMCSA, CSCO, GRMN, MU, NUAN, SBUX, TXN,
WFM, CREE, LVS, RCL
Diagonal Breakout: GOOG, NTAP, FB, Z, ZION, GMCR, ATI, SYMC,
ADSK, AMZN, BRCM, COST, DELL, XLNX, SWI
Bull Flag: FSLR, NTES, AKAM, QCOM, STX, WDC, CMG, SSYS, SHLD,
ATVI, INTC, MSFT, ORCL, ADBE, EBAY, SPY, FAS, SNDK, MAT, AMAT, SIRI
Potential Bullish Divergence: ESRX, FAST
Gap Up:
Gap Down:
Bear Flag: FFIV, MYL, GOOG
Break of Support: ESRX
Moves
New Highs: AMGN, BBBY, CELG, GILD, MNST, PCLN, WYNN, YHOO,
YELP, SPLK
Gap Up:
Gap Down:
Breakout: NTAP, NVDA, ROST, GRPN, LNKD, UNG
Bounce: TLT
MACD Divergence Bounce: NTAP
Bear Flag: ESRX, ADSK
Support Break:
______________________
44 of 100 NDX stocks closed higher on
Friday…
Leading NDX 100 stocks included: NTAP, BBBY, REGN, BIIB, AMGN,
NVDA, BIDU, CTXS, LIFE, VRTX
Lagging NDX stocks
included: GOLD, CTRX, CTSH, CHRW,
SIRI, ESRX, FB, AVGO, EQIX, ADSK
Leading stocks > +2% on Friday included:
CMG, LNKD, SINA, YELP, A, UNG
Lagging stocks < -2.0% included: UCO, MCP, CLF, CDE, TBT, ANR, FCX, AKS,
LDK, HLF, MOS, ZION
Stocks to Watch on Monday
Holding Above 30 DMA = 69
VMED, NWSA, SNDK, STRZA, ADP,
DELL, SYMC, GILD, HSIC, CERN, BIIB, MAT, PAYX, PRGO, YHOO, DLTR, AMGN, MU,
DISCA, SBAC, ADBE, CELG, FISV, MSFT, SRCL, VRTX, MDLZ, LBTYZ, VIAB, REGN, SBUX,
BMC, VOD, ALXN, BBBY, SHLD, DTV, LIFE, STX, COST, CMCSA, NUAN, ROST, ATVI,
CHRW, WDC, EBAY, MNST, SPLS, WYNN, TXN, VRSK, INTC, MXIM, NVDA, CTRX, AKAM,
AMAT, AMZN, BIDU, CSCO, EXPE, GRMN, KLAC, PCAR, PCLN, QCOM, WFM, XRAY, FB,
EQIX, DLTR, ISRG
Moving Above 30 DMA = 1
NTAP
Moving Below 30 DMA = 5
AVGO, CTSH, MCHP, ORLY, SIRI
Staying Below 30 DMA
ADSK, BRCM, DELL, SYMC, XLNX,
FAST, GOLD, NTAP, ESRX, GOOG, INTU, ALTR, CA, LLTC, SIAL, ADI, AAPL, LINTA,
MYL, ORCL, CTXS, FOSL, CHKP, FFIV, EXPD
Twenty One Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up
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