Eight of nine sectors moved higher on Thursday…XLE, XLK, and XLI were
the strongest sectors…XUB was the
weakest sector.
Breadth strengthened…advancers led decliners 3.18 to 1 on the NYSE and 3.00 to 1 on
the NASDAQ…
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
Tuesday – weakened,
advancers led
Monday – strengthened,
advancers led
Friday – weakened,
decliners led
SPY
up 1.47 at 159.75…volume 96.4 million shares
VIX
down .90 at 13.59…
TNX
down .08 at 16.31…
TLT
down .16 at 123.85...
XLF
up .16 at 18.65…volume 43.8 million shares
AAPL
up 6.23 at 445.52…volume 15 million shares
FB
up 1.54 at 28.97…volume 104.2 million shares
Technical Commentary:
QQQ + 1.26%, SPY + 0.93%, DIA + 0.83% and IWM
+ 1.59%.
Stocks on
Thursday and bonds TLT pulled back after a new weekly jobless report
indicated the lowest reading since 2008.
The Jobs Report is will be out
Friday morning before the open.
QQQ, stayed above horizontal
resistance. SPY, DIA and IWM are
setup just below resistance.
The Euro fell 122 pips to
short-term support and closed at 1.3061. The Euro pulled back after the ECB announced
it was dropping rates 1/2%.
AAPL moved up 6.23 on 15.1 million shares. AAPL held above its break out of
short-term resistance from early April which a possible reversal point of its
down trend since last September.
FB rose 1.54 after a strong earnings report and broke out of
horizontal resistance on volume of 104.1 million shares. FB reported earnings after the close on
Wednesday that beat on revenues.
Trade what you see on the chart of your position. The intermediate term trend is up with a horizontal resistance breakout 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 – FB, BZH, EXPD, GM, MDC, STX, V, YELP, ICE, JRCC, VIAB, CMCSA, DDD, AVP, HLF, CERN,
CVX, DHI, TWC, ANGI, AKAM, ALXN, ALTR, BIIB, COG, CLF, CROX, DOW, ESI,
FFIV, HOG, 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 – CTRX, GRMN, MRK,
SWI, AMZN, BIDU, CRUS, DECK, EXPE, HSY, KLAC, MXIM, QCOM, 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 – HLF, RVBD,
Tuesday – DDD, AVP, MTW, SWI, X,
VRSK, VRTX
Wednesday – AMT, ADM, CAR, CHK, CMCSA,
FB, GRMN, ICE, JRCC, JDSU, LVS, MA, MRK, STX, TWX, VIAB, V, WLT, YELP
Thursday – ANR, AIG, BZH, CTRX,
GM, LNKD, MDC, MYL, TPX, ZAGG
Friday – ADP, CBOE, REGN, UPL
The Market Forecast Green Line is
pointed up in the Upper Zone.
____________________
Setups
H Breakout: X, CMCSA, CRUS,
SPY, FAS, LCC, PM, SPLK, ATVI, XLNX, DTV, ADBE
Diagonal Breakout: GRPN,
TPX, ZION, AMGN, NTAP
Bull Flag: DOW, JRCC, VECO, ROST, ANGI, C, TSLA, VRTX, MNST, HD, BIIB, DD, DECK, ESI, COST,
UNP, GRMN, MYL, KO, PEP, TRV
Potential Bullish Divergence: SNDK
Gap Up: AIG
Gap Down: LNKD, MYL, TPX, ZAGG
Bear Flag: SWI, NUAN,
EXPE, QCOM, CTSH, X, IBM, JNPR, DELL, GE
At Support: MU, SNDK, CSCO, FIVE, BIDU, VMW,
Moves
New Highs: NTES, DDD,
INTC, TXN, OIS, ILMN,
AKAM, BBY, WDC, FSLR, MSFT, AMAT, GLW, JNJ, NVDA, WYNN, VZ, COH, NKE, SBUX,
Gap Up: STX, V, YELP,
GILD, BZH, MDC, EXPD, NFLX
Gap Down: CTRX, MXIM
H&D Breakout: FB, STX, ESRX, PHM, DAL, DTV, Z, AAPL, SSYS, BRCM, GOOG, SYMC
Bounce: JCP, BA, CMG, GILD, VRTX, YHOO, EBAY, HSY, ORCL, LVS, LRCX, MMM, JNPR, RCL, ABC, UNH, GMCR
MACD Divergence Bounce:
Bear Flag: FAST,
FFIV, FAST
Support Break: UNG, AMZN, ATI
______________________
85 of 100 NDX stocks closed higher
on Thursday…
Leading NDX 100 stocks included:
STX, FB, EXPD, REGN, GILD, WDC, EXPE, SNDK, YHOO, PCAR
Lagging NDX stocks included:
CTRX, SIRI, VOD, NTAP, MNST
Leading stocks > +2% on Thursday included: YELP, LDK, TSL, UCO, V, ZAGG, JDSU,
CREE, CSTR, LNKD, CRUS, ICE, FAS, SSYS,RVBD, MCP, DE
Lagging stocks < -2.0% included: CLF, ANR, HUM, FAZ, VECO, ESI, GRPN
Stocks to Watch on Friday
Holding Above 30 DMA = 64
STRZA, ADP, GILD, BIIB, MAT, PAYX,
YHOO, SBAC, ADBE, MSFT, SRCL, MDLZ, REGN, VOD, BBBY, LIFE, ROST, MNST, WYNN, DLTR,
INTC, DTV, NWSA, SBUX, VRTX, WFM, ATVI, COST, WDC, AKAM, AMAT, GOOG, NVDA, SIAL,
SIRI, STX, TXN, BMC, BRCM, CA, SYMC, ALXN, ESRX, ORLY, PCAR, XLNX, CERN, CMCSA,
FB, AAPL, CHRW, FOSL, KLAC, LINTA, MCHP, XRAY, VRSK, CHKP, ORCL, SHLD, VIAB,
EQIX, VMED, LBTYA
Moving Above 30 DMA = 9
AMGN, CELG, EXPD, GRMN, LLTC, MYL, PCLN, ADI, DISCA
Moving Below 30 DMA = 1
CTRX
Staying Below 30 DMA
ADSK,CSCO, FISV, GOLD, NTAP, SPLS,
PRGO, FAST, NUAN, AMZN, BIDU, EXPE, MXIM, QCOM, HSIC, EBAY, ISRG, SNDK, MU,
AVGO, CTSH, DELL, INTU, ALTR CTXS, FFIV
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend:
Neutral
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