Eight of nine sectors moved higher on Tuesday…XLU, XLB, and XLI were
the strongest sectors…XLK was the
weakest sector.
Breadth strengthened…advancers
led decliners 3.08 to 1 on
the NYSE and 1.54
to 1 on the NASDAQ…
Tuesday
– strengthened, advancers led
Monday – weakened,
advancers led
Friday – weakened
slightly, advancers led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
SPY
up .82 at 162.60…volume 90.3 million shares
VIX
up .17 at 12.83…
TNX
up .12 at 17.83…
TLT
down .47 at 120.16...
XLF
up .10 at 19.15…volume 39.5 million shares
AAPL
down 2.05 at 458.66…volume 17.2 million shares
FB
down .68 at 26.89…volume 41.2 million shares
Technical Commentary:
QQQ - 0.06%, SPY + 0.51%, DIA + 0.56% and IWM
+ 0.82%.
The SPY, DIA, and IWM all advanced on Tuesday with QQQ only
slightly lower.
FOSL gapped up after earnings report and closed up 8.92…up
9.01%.
DTV also gapped up on earnings and closed up 3.99…up 6.88%.
ANF broke through horizontal resistance of both mid-February
and mid-April closing
up 3.10 up 6.33%.
AAPL closed down 2.05 and is approaching horizontal
resistance of late March and mid-February.
FB closed down 68 cents following a three day pullback and
is approaching support level
of late February.
WFM jumped in after hours trading after positive earnings
report…up 7.60…8.19%.
The DJIA made a milestone closing for the first time above
15,000 with a gain of 87.31 to close at 15,056.20.
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.
Key Earnings this week:
Monday – DDS, FSLR, LBTYA
Tuesday – DIS, DTV, MDLZ, SYMC, Z
Wednesday – ATVI, CTSH, GRPN, RAX, TSLA
Thursday – XRAY, DISH, PCLN
Friday –
The Market Forecast Green Line is
pointed up in the Upper Zone.
____________________
Setups
H Breakout: GRMN, MU, NTAP, SHLD, FIVE,
Diagonal Breakout: BIDU,
Bull Flag: ADBE, AMAT, COST, ESRX, FB, GILD, MNST, NVDA, XLNX,
LVS, UNG, YELP,
Potential Bullish Divergence:
Gap Up: DTV, FOSL
Gap Down:
Bear Flag:
At Support: AMGN, CSCO, TPX, UNG, FB
Moves
New Highs: AAPL,
BBBY, BRCM, CMCSA, MAT, ROST, STX, SYMC, WDC, WFM, WYNN, YHOO, ALK, C, FAS, RCL,
SPLK, SPY, Z, ZION
Gap Up:
Gap Down:
H&D Breakout: FFIV, FIVE, ANF,
Bounce: FAST, LNKD,
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
56 of 100 NDX stocks closed higher
on Tuesday…and two were unchanged…
Leading NDX 100 stocks included:
FOSL, DTV, LBTYA, YHOO, VMED, EXPD, MU, ROST, CHRW, BIDU, MNST, FISV,
DLTR, FAST, SRCL
Lagging NDX stocks included:
FB, GILD, ISRG, PRGO, EXPE, CSCO, ADBE, BIIB, DISCA, MSFT, NVDA, CTSH,
VRTX
Leading stocks > +2% on Tuesday included: ANF, ZAGG, GES, SWK, LNKD
Lagging stocks < -2.0% included: TSLA, ANR, LDK, BBRY, CDE, CMG, VECO, MCP,
SINA, NFLX
Stocks to Watch on Wednesday
Holding Above 30 DMA= 78
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, CELG, EXPD, GRMN, LLTC, MYL, PCLN, ADI, ADSK,
MU, NTAP, SPLS, ALTR, BIDU, HSIC
Moving Above 30 DMA = 2
FISV, SNDK
Moving Below 30 DMA = 3
ISRG, PRGO, DISCA
Staying Below 30 DMA
AMGN, CSCO, CTRX, GOLD, FAST,
NUAN, AMZN, EXPE, MXIM, QCOM, EBAY, AVGO, CTSH, DELL, INTU, CTXS, FFIV
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up
1 comment:
I would like to add my blog to the list and would love to make any changes that Heather and company may suggest. Because we are all One here is welcome nay suggestions to add my blog to the cause"custom article writing"
Post a Comment