Two of nine sectors moved higher on Thursday…XLE, XLU, and XLP were
the strongest sectors…XLV was the
weakest sector…
Breadth strengthened…however decliners
still led advancers 1.25 to 1 on the
NYSE and 1.41 to
1 on the NASDAQ…
Thursday strengthened,
decliners led
Wednesday – weakened, decliners
led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliner led
Friday – weakened,
decliners led
SPY
down .97 at 154.14…volume 167. million shares
VIX
up 1.05 at 17.56…
TNX
down .19 at 16.85…
TLT
up .30 at 123.09…
XLF
down 18 cents at 17.83…volume 61.7 million shares
AAPL
down 10.75 at 392.05…volume 23.7 million shares
FB
down 94 cents at 25.69…volume 39 million shares
Technical Commentary:
DIA – 0.53%, SPY – .63%, IWM -.55% and QQQ -1.39%.
SPY, QQQ and IWM closed lower at short-term support on decreasing volume on
Thursday. SPY, IWM and QQQ are now in a five-day
similar low bull flag pattern. DIA closed
below its 30 DMA similar to SPY, QQQ and IWM. The five-day short-term trend is down.
The Euro was up 15 pips and closed at 1.3049. The Euro stayed above support for the
seventh straight day.
AAPL moved down -10.75 on 23.8 million shares falling to 392 reaching its
261% Fib extension target. AAPL fell 28 in two days. FB formed a large black candle making
a in a potential flag setup on volume of 39 million shares closing below its
30 DMA.
EPS Gainers – CMG, GOOG, MSFT, BTU, PEP, UNP, VZ
EPS Losers – ISRG, KEY, MS, PM, UNH
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 Friday. 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 below the
upper zone and is pointed down.
____________________
Setups
H Breakout: RCL, INTC, NKE, ADBE, GILD, MNST, SPLK
Diagonal Breakout: TPX,
COST, DTV, GOOG, SYMC, DELL, SWI, ATVI
Bull Flag: CREE, BIIB,
GRPN, GMCR, LNKD, BIDU, ROST, C,
SBUX, WFM, HD, YELP, CMG, SPY, FAS, FB, CSCO, CELG, MSFT,
MU, NUAN, NVDA, ORCL, WYNN, YHOO, AMGN,
FSLR, SSYS, NTES,
Potential Bullish Divergence: BRCM, MYL, AMAT, GRMN, FFIV, FIVE, ZION, ADSK, ESRX, FAST
Gap Up: CMG, GOOG, MSFT,
Gap Down: ISRG, PM,
Bear Flag:
At Support: TXN, WDC,
STX, CMCSA, LVS, XLNX, AMZN, AKAM, SIRI, PCLN
Moves
New Highs: ABC, JNJ,
KO,
Gap Up: PEP, UNP, VZ
Gap Down: EBAY, UNH
Breakout: TSLA, UNG,
Bounce: BBBY, Z, INTC
MACD Divergence Bounce:
Bear Flag:
Support Break: AAPL, SNDK,
SHLD, CTSH, QCOM, ATI
______________________
17 of 100 NDX stocks closed higher on
Thursday…one was unchanged…
Leading NDX 100 stocks included: GOLD, VOD, INTC, SBAC, MDLZ,
GRMN, SIAL, SPLS, CTRX, MAT, KLAC
Lagging NDX stocks included:
SNDK, EBAY, FB, AVGO, REGN, AMZN, ALXN, ISRG, NTAP, AAPL, BIIB, PCLN,
WDC, CTXS, ADSK, BIDU, STX, SHLF, NUAN, VRTX
Leading stocks > +2% on Thursday included: ESI,
ANR, UCO, SOHU, TSLA, MCP, CDE, FAZ
Lagging stocks < -2.0% included: SSYS, GRPN, CSTR, LNKD, CMG, NFLX, HUM, BBRY, YELP, VMW, LDK, CIEN, SWKS,
SWI, FAS, ZAGG, JDSU, BAC, UAL, VECO, JNPR, DECK, CRUS, TSL
Stocks to Watch on Friday
Holding Above 30 DMA = 28
VMED, STRZA, ADP, GILD, BIIB, MAT,
PAYX, YHOO, AMGN, SBAC, ADBE, CELG, MSFT, SRCL, MDLZ, LBTYA, VIAB, REGN, VOD, BBBY,
LIFE, NUAN, ROST, MNST, WYNN, CRTX, DLTR, INTC
Moving Above 30 DMA = 1
KLAC
Moving Below 30 DMA = 15
AMZN, BIDU, COST, EBAY, FISV, ISRG, NTAP, NVDA, NWSA, PCLN,
SBUX, SNDK, VRTX, WFM, WDC
Staying Below 30 DMA
ALXN, AMAT, BMC, CERN, CMCSA, DTV,
HSIC, MU MXIM, STX, XRAY, TXN, PRGO, FB, DISCA, EQIX, AKAM, ATVI, CHRW, CSCO,
EXPE, GRMN, PCAR, QCOM, SHLD, SPLS, VRSK, AVGO, CTSH, 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: Down
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