All nine sectors moved higher on Tuesday…XLP, XLB and XLF were
the strongest sectors…XLU was the
weakest sector…
Breadth strengthened…decliners
led advancers 4.54
to 1 on the NYSE and 3.47 to 1 on the NASDAQ…
Tuesday – strengthened,
advancers led
Monday – weakened,
decliner led
Friday – weakened,
decliners led
Thursday – weakened,
mixed
Wednesday –
strengthened, advancers led
SPY
up 2.29 at 155.12…volume 147. 5 million shares
VIX
down 3.31 at 13.9…
TNX
up .17 at 17.19…
TLT
down 1.01 at 121.98…
XLF
up .28 cents at 18.36…volume 44.8 million shares
AAPL
up 6.39 at 426.24…volume 10.9 million shares
FB
up .40 cents at 26.92…volume 27.3 million shares
Technical Commentary:
SPY + 1.48%, QQQ + 1.33%, and DIA +
1.06%, and IWM + 1.73%...
SPY, DIA and QQQ formed a bullish harami on Tuesday and are
now in a three-day bull flag pattern.
IWM also formed a bullish harami and closed back above horizontal support.
DIA, SPY and QQQ are above their 30 DMA while IWM closed
below. The short-term trend is neutral.
The Euro jumped +132 pips
and closed at 1.3178. The Euro broke out of its recent
horizontal resistance of the last six weeks.
AAPL moved up +6.39 on 10.9 million shares below its 30 DMA bouncing at its
recent 420 support area for the third time in six weeks. AAPL is a potential MACD bullish
divergence setup. FB formed a
bullish harami and formed a potential bull flag setup on volume of 27.4 million
shares while closing above its 30 DMA.
EPS Gainers – KO, JNJ, INTC
EPS Losers – GS, USB, URI, YHOO
Key Earnings this 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 intermediate term trend is up with a bull flag setup. Look for potential entry on Wednesday. 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: CREE, ADBE, GILD, MNST, SPLK, BIDU, GRPN,
LNKD, SBUX, TXN, WFM, CREE, RCL
Diagonal Breakout: STX, GMCR,
TPX, COST, CMCSA, LVS, DTV, GOOG, SYMC, AMZN, BRCM, DELL, XLNX, SWI,
ATVI
Bull Flag: CMG, SPY,
FAS, FB, CSCO, GRMN, AMAT, CELG, MAT,
MSFT, MU, NUAN, NVDA, ORCL, PCLN, QCOM,
ROST, SBUX, SNDK, WDC, WYNN, YHOO, AMGN,
BBBY, FSLR, SSYS, TSLA, UNG, YELP, NTES, AKAM, EBAY, SIRI
Potential Bullish Divergence: FFIV, FIVE, ZION, ADSK, ESRX, FAST
Gap Up:
Gap Down: URI, YHOO
Bear Flag:
Break of Support: MYL,
SHLD, CTSH
Moves
New Highs:
Gap Up:
Gap Down:
Breakout: NTAP, UAL
Bounce: Z, ALK, TSLA,
INTC, GOOG, AAPL, C, BRCM
MACD Divergence Bounce:
Bear Flag:
Support Break: ATI
______________________
91 of 100 NDX stocks closed higher on
Tuesday…two were unchanged.
Leading NDX 100 stocks included: REGN, VIAB, MU, NTAP, CTXS,
NWSA, MXIM, EXPE, CERN, SND, ADSK, GILD, INTC, XRAY, EQIX
Lagging NDX stocks included:
SPLS, YHOO, CHRW, CTSH, VRSK
Leading stocks > +2% on Tuesday included: UAL,
CREE, TSLA, FAS, GMCR, LNKD, C, DECK, URE, CRUS, CRM, ANF, BAC, SSYS, SOHU,
TSL, VMW, ESI, VECO, V
Lagging stocks < -2.0% included: FAZ, LDK, ZAGG
Stocks to Watch on Wednesday
Holding Above 30 DMA = 45
VMED, SNDK, STRZA, ADP, GILD,
BIIB, MAT, PAYX, YHOO, AMGN, MU, DISCA, SBAC, ADBE, CELG, MSFT, SRCL, VRTX,
MDLZ, LBTYA, VIAB, REGN, SBUX, VOD, ALXN, BBBY, DTV, LIFE, CMCSA, NUAN, ROST,
WDC, EBAY, MNST, WYNN, TXN, NVDA, CRTX, AMZN, BIDU, PCLN, WFM, DLTR, ISRG, NTAP
Moving Above 30 DMA = 15
AMAT, BMC, CERN, COST, FISV, HSIC, INTC, KLAC, MXIM, NWSA,
STX, XRAY, PRGO, FB, EQIX
Moving Below 30 DMA = 0
Staying Below 30 DMA
AKAM, ATVI, CHRW, CSCO, EXPE,
GRMN, PCAR, QCOM, SHLD, SPLS, VRSK, AVGO, STSH, MCHP, ORLY, SIRI, ADSK, BRCM,
DELL, SYMC, XLNX, FAST, GOLD, 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: Neutral
No comments:
Post a Comment