All nine sectors moved higher on Thursday…XLB, XLY, and XFI were
the strongest sectors…XLU was the
weakest sector.
Breadth weakened slightly…however advancers still led decliners
1.86 to
1 on the NYSE and strengthened 1.61 to
1 on the NASDAQ…
Thursday – weakened/strengthened,
advancers led
Wednesday – weakened,
advancer led
Tuesday – strengthened,
advancers led
Monday – strengthened,
advancers led
Friday – strengthened,
advancers led
SPY
up .64 at 158.52…volume 131 million shares
VIX
up .01 at 13.62…
TNX
up .13 at 17.11…
TLT
down 53 cents at 122.27...
XLF
up 11 cents at 18.65…volume 36 million shares
AAPL
up 2.92 at 408.38…volume 13.7 million shares
FB
up 3 cents at 26.14…volume 17.1 million shares
Technical Commentary:
IWM +0.66%, SPY +0.51%, DIA + 0.51% and QQQ + 0.53%. The broad indices continue their
earnings season consolidation bounce from support towards resistance on Thurssday.
QQQ, SPY and IWM have risen to resistance and are a
potential horizontal resistance breakout setup.
The Euro was down 2 pips and closed at 1.3008. The Euro stayed above support for the
twelfth straight day.
AAPL moved up 2.92 on 13.7 million shares. AAPL is currently forming a bear flag
pattern.
FB continued
to trade just below its 30 DMA on volume of 17.1 million shares.
Trade what you see on the chart of your position. The intermediate term trend is up with a bull flag setup. Traders should lock in profits when targets
are reached. As always look
for re-entry according to your rules.
Chart Signals Strategy Guidelines
Technical setups for
short-term option trades be in and out by earnings release.
Over earnings release use earnings option strategies such as straddles, strangles, OTM calls
or puts.
After earnings look for
bullish setups in positive reaction stocks and bearish setups in negative
reaction stocks.
EPS Reaction Summary
EPS Gainers – ANGI, AKAM, ALXN, ALTR, COG, CLF, CROX, DOW, ESI,
FFIV, HOG, KLAC, LRCX, LVS, MO, PHM, RCL, SIAL, XLNX, BA, BRCM, GLW, HES, DAL, COH, DD, NFLX, ILMN,
VECO, LCC, RF, ZION, TRV, LMT, CAT, CHKP, HAL, HAS, CMG, GOOG, KMB, STI,
MSFT, BTU, PEP, UNP, VZ, MAT, AXP, JNJ, INTC, KO, C
EPS Losers – QCOM, BIIB, PTEN, ABC, MMM, AMGN, T, JNPR, PNRA, VMW, GE, IBM, ISRG, MCD,
MS, PM, UNH, SNDK, EBAY, BAC, USB, GS, LLTC
Key Earnings this week:
Monday – CAT, CHKP, HAL, HAS,
ILMN, LIFE, NFLX, TXN, VECO, ZION
Tuesday – AMGN, AAPL, ACI, T,
BRCM, COH, CREE, DAL, DD, JNPR, LMT, PNRA, RF, TRV, LCC, UTX, VMED, VMW
Wednesday – AKAM, BA, COG, CLF,
GLW, FFIV, DAVE, F, HES, LRCX, QCOM, TSCO, WDC, WHR, XLNX, ZNGA
Thursday – MMM, ALK, ALXN, ALTR,
MO, AMZN, ABC, BIDU, BIIB, CELG, CERN, CRUS, CROX, DECK, DOW, EXPE, HOG, ESI,
KLAC, LVS, MXIM, PTEN, PHM, RCL, SIAL, SBUX, HSY, TWC
Friday – CVX, DHI, GT, WLB, WY
The Market Forecast Green Line is
pointed UP today.
____________________
Setups
H Breakout: ROST, C, FAS,
GRPN, XLNX, ESRX, XLNX, WDC, TPX, HD,
DTV, ADBE, MNST, SPLK
Diagonal Breakout: NTAP,
CMCSA
Bull Flag: INTC, DAL,
ABC, HSY, BRCM, WFM, Z, CMG, TRV,
VRTX, GILD, CELG, UNG, YELP, FB, ORCL
Potential Bullish Divergence: EXPD
Gap Up: ESI,
Gap Down: AMZN, BIDU, DECK, EXPE, SBUX,
Bear Flag: GE, CRUS, SHLD, CMCSA, SNDK, IBM,
At Support:
Moves
New Highs: MSFT, BA, COH,
DD, GLW, JNJ, KO, NKE, NUAN, PEP, UNP, VZ, WYNN
Gap Up: ANGI, AKAM, FFIV,
LRCX, RCL, DOW, NFLX, ILMN
Gap Down: QCOM, MMM,
H&D Breakout: LVS, SBUX, PHM, GRMN, MYL, COST, TXN,
YHOO, SWI, FSLR, C, LNKD, TPX, SYMC, DTV, ATVI
Bounce: AMGN, BIIB, T,
TSLA, VECO, CSCO, GRPN, MU, X, JNPR, VMW, UNH, X, DELL, NVDA, DDD., C, NTES, LVS, STX, GMCR, SNDK, SHLD,
GRMN, LCC, SPY, SSYS, GOOG, AMZN, SIRI, SPLK, BIDU, TPX, PCLN, PM, AAPL,
QCOM, FAS
MACD Divergence Bounce: FFIV, ADSK, ESRX, FIVE, AMAT, FAST, MYL,
ZION
Bear Flag: EBAY,
Support Break: CTSH, ATI
______________________
76 of 100 NDX stocks closed higher on
Thursday…
Leading NDX 100 stocks included: AKAM, ALXN, ORLY, BIDU, BIIB, SHLD, ALTR,
AMAT, AMGN, XLNX, FFIV, CTRX, CA, GRMN, REGN
Lagging NDX stocks included:
INTU, CTXS, QCOM, BRCM, EQIX, INTC, EBAY, MNST, SNDK, WFM
Leading stocks > +2% on Thursday included: ESI, CLF, RCL, VECO, RVBD, AKS, LVS,
GES, UCO, CSTR, X, LDK, CROX, TSLA, ANR, CRUS, GLW, SWKS, TSL, SOHU, SINA, COH,
CDE
Lagging stocks < -2.0% included: SWK
Stocks to Watch on Friday
Holding Above 30 DMA = 60
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, CTRX, DLTR, INTC, KLAC, DTV, FISV, NWSA,
SBUX, VRTX, WFM, AMZN, ATVI, COST, EXPE, EQIX, WDC, AKAM, AMAT, BIDU, GOOG,
MXIM, NTAP, NVDA, SIAL, SIRI, STX, TXN, DISCA, BMC, BRCM, CA, GOLD, GRMN, SYMC,
XRAY
Moving Above 30 DMA = 10
ALXN, ESRX, MCHP, MYL, ORLY, PCAR, PCLN, SHLD, XLNX, PRGO
Moving Below 30 DMA = 1
QCOM
Staying Below 30 DMA
CERN , HSIC, EBAY, ISRG, SNDK, CMCSA,
FB, MU, CHRW, CSCO,SPLS, VRSK, AVGO, CTSH, ADSK, DELL, FAST, INTU, ADI, ALTR, LLTC,
AAPL, LINTA, ORCL, CTXS, FOSL, CHKP, FFIV, EXPD
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up
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