Two of nine sectors moved higher on Thursday…XLY, XLV, and XLI were
the strongest sectors…XLU was the
weakest sector.
Breadth weakened…decliners
led advancers 1.80 to 1 on the
NYSE and 1.53 to
1 on the NASDAQ…
Thursday
– weakened, decliners led
Wednesday – weakened,
advancers led
Tuesday – strengthened,
advancers led
Monday – weakened,
advancers led
Friday – weakened
slightly, advancers led
SPY
down .46 at 162.88…volume 106.7 million shares
VIX
up .47 at 13.13…
TNX
up .53 at 18.13…
TLT
down .31 at 120.04...
XLF
down .14 at 19.17…volume 37.7 million shares
AAPL
down 4.02 at 456.77…volume 14.2 million shares
FB
down .08 at 27.04…volume 33.4 million shares
Technical Commentary:
QQQ - 0.14%, SPY - 0.28%, DIA - 0.07% and
IWM - 0.34% each pulling back on Thursday.
GMCR rose an astounding 16.56 to close up 27.84% after positive
earnings report.
TSLA likewise rose after posting positive earnings report
and closed up 13.61 or 24.40%.
AAPL closed down 4.02 and is near a horizontal breakout.
MCP jumps up late Thursday…up 6% after earnings report beats
estimates.
SPY takes a rest on Thursday and saw a small pullback of .45
after a multi-day run which began April 19.
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 – PCLN,
GMCR, GRPN, TSLA,
GRPN, EA, DVA, WFM, CTSH, DTV, LBTYA, AIG, ADP, CBOE, REGN, 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 – ATVI, MNST, Z, LNKD, TPX, ZAGG, 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 – DDS, FSLR, LBTYA
Tuesday – DIS, DTV, MDLZ, SYMC, Z
Wednesday – ATVI, CTSH, EA, GRPN,
RAX, TSLA
Thursday – PCLN, NVDA, XRAY, DISH
The Market Forecast Green Line is
pointed up in the Upper Zone.
____________________
Setups
H Breakout: AAPL, AMAT, BBBY, ESRX, NTAP, PCLN, SHLD, FIVE,
FSLR, NFLX, P,
Diagonal Breakout: CSCO, DELL, FAST, FB, FFIV, ORCL, QCOM, ANR,
ATI, CMG, WLT,
Bull Flag: ADBE, CMCSA,
MSFT, MYL, ROST, SIRI, STX, WDC, YHOO, ALK, BAC, CNX, JCP, LVS, SPLK, SSYS, UAL,
UNG, YELP, Z,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: AMGN, NUAN, ANGI, LNKD, TLT, UNG,
Moves
New Highs: AKAM, BRCM,
DTV, INTC, MU, WYNN, CREE, GLW, P, ZION,
Gap Up: GMCR, GRPN, TSLA,
Gap Down: ATVI, MNST,
H&D Breakout: BIDU,
BBRY, JNPR, NFLX,
Bounce: GILD, CMG, TPX,
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
45 of 100 NDX stocks closed higher
on Thursday…
Leading NDX 100 stocks included:
MU, NWSA, ISRG, SNDK, ADP, VRTX, DTV, ALXN, CTXS, BIDU, AVGO, LINTA
Lagging NDX stocks included:
STRZA, ATVI MNST, STX, XRAY, ADBE, LBTYA, INTU, WDC, CHRW, CTRX, EXPE,
VMED, EXPD, NUAN EQIX, FOSL
Leading stocks > +2% on Thursday included: GMCR, TSLA, GRPN, CRUS, NFLX, BBRY,
ZAGG, YELP, TPX, ESI, HLF
Lagging stocks < -2.0% included: CDE, ANR, AKS, SWI, UAL, JDSU, CLF, VMW,
FAS
Stocks to Watch on Friday
Holding Above 30 DMA= 80
STRZA, ADP, GILD, BIIB, MAT, PAYX,
YHOO, SBAC, MSFT, SRCL,REGN, VOD, BBBY, LIFE, ROST, WYNN, DLTR, INTC, DTV,
NWSA, SBUX, VRTX, WFM, COST, WDC, AKAM, AMAT, GOOG, NVDA, SIAL, SIRI, STX, TXN,
BMC, BRCM, CA, SYMC, ALXN, ESRX, ORLY, PCAR, XLNX, CERN, CMCSA, FB, AAPL, 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, FISV,
SNDK, AVGO, EBAY, FFIV, GOLD, MXIM
Moving Above 30 DMA =1
ISRG
Moving Below 30 DMA = 4
ADBE, ATVI, MNST, MDLZ
Staying Below 30 DMA
CHRW, PRGO, DISCA, AMGN, CSCO,
CTRX, FAST, NUAN, AMZN, EXPE, QCOM, CTSH, DELL, INTU, CTXS
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up
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