Two of nine sectors moved higher on
Friday… XLY, XLU and XLE were
the strongest sectors…XLV was the
weakest sector.
Breadth weakened…advancers
led decliners…1.03 to 1 on the NYSE and
1.12 to 1 on
the NASDAQ…
Friday
– weakened, advancers led
Thursday – strengthened,
advancers led
Wednesday – weakened
slightly, advancers led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliners led
SPY
down .66…volume 160.4 million shares
VIX
unchanged at 16.86…
TNX
down .05 at 24.78…
TLT
up .75 at
110.44...
XLF
down .12 at 19.45…volume 51.4 million shares
AAPL up 2.75 at 396.53…volume
20.6 million shares
FB
up .22 at 24.88…volume 96.7 million shares
Technical Commentary:
QQQ + 0.14%, DIA – 0.90%, IWM - .57%, SPY
– 0.41%.
BBRY faced its worst day in 12 years gapping down 27.76%
after being downgraded to underperform.
Gainers included MCP up 10.52%, CDE up 9.56%, PWRD up 5.36%,
XONE up 4.66%, and CMCSA up 3.60%.
REGN was down 9.69 or $.13%.
Chart Signals guidance…Adjust
stops, trade to targets and take bearish or
bullish trades according to your
rules as the month long consolidation continues. More bullish setup entries did occur on
Wednesday and as always follow your rules.
Chart Signals Strategy Guidelines
When the market
is trending up Chart Signals looks
for support bounce and resistance breakout entries.
When the market
is trending down Chart signals looks
for resistance pull back and support break entries.
When the market
is sideways in consolidation Chart Signals
will look for support bounce, diagonal breakouts and pull backs
at resistance where price action stays between support and resistance.
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 – ADBE, ULTA, 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, APOL
EPS Losers – ORCL, CPRT,
COST, TSL, CRM, GME, SHLD, DISH, XRAY, ATVI,
RAX, 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
The Market Forecast Green Line is
below the Upper Zone and is pointed up.
____________________
Setups
H Breakout: ADBE,
AMZN, BBBY, COST, CSCO, FB, GRMN, MNST, MYL, PCLN, SNDK, STX, TXN, WDC, CREE,
F, JNPR, LNKD, MFRM, NTES, SCSS, TSLA,
Diagonal Breakout: ATVI, BRCM, CELG, DTV, ESRX, FFIV, MAT, MSFT,
NUAN, ROST, SIRI, XLNX, BAC, C, CLF, FAS, GLW, JCP, RCL, SINA, SSYS, STI, SWI, TIF,
TLT, TPX, UAL,
Bull Flag: TBT,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: AAPL,
Moves
New Highs: GME, GRPN, PWRD, XONE
Gap Up:
Gap Down: WFM, BBRY,
H&D Breakout:
Breakout Test:
Bounce: ANR,
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
46 of 100 Leading NDX stocks closed higher on Friday…and two were unchanged.
Leading NDX 100 stocks included:
CMCSA, GOLD, BIIB, MNST, VRSK, ATVI, DTV, BBBY, VOD, CHRW, SNDK, DLTR
Lagging NDX stocks included:
REGN, ADSK, FAST, MDLZ, NFLX, FFIV, CTRX, CHKP, WFM, ALXN, SHLD, SIRI,
YHOO
Leading stocks > +2% on Friday included: MCP, CDE, ANR, NTES, DECK, CRUS, CHL,
CROX, CREE, NKE, GRPN, TSL, GMCR, FAZ, ZAGG
Lagging stocks < -2.0% included: BBRY, SGOC, X, ATI, IBM, DE
Stocks to Watch on Monday
Holding Above 30 DMA= 34
MU, SPLS, AVGO, CSCO, ISRG, AMZN,
DLTR, ADBE, DELL, INTU, SBUX, BBBY, EXPE, GRMN, MCHP, PCLN, SNDK, SRCL, VRTX,
ALTR, CA, LINTA, MAT, MNST, ORLY, PCAR, ROST, STX, VOD, VIAB, FB, LBTYA, KRFT,
LMCA
Moving Above 30 DMA = 6
CMCSA, GOOG, HSIC, MYL, DISCA, VRSK
Moving Below 30 DMA =8
ADP, CHKP, COST, FISV, NTAP, WFM, XLNX, WDC
Staying Below 30 DMA
LIFE, PAYX, AMAT, ESRX, FOSL,
INTC, KLAC, MSFT, NVDA, ADI, CTRX, NFLX, CERN, CHRW, DTV, EXPD, NUAN, ORCL,
WYNN, YHOO, MDLZ, BIDU, GOLD, SIAL, TXN, BIIB, CTSH, SIRI, REGN, AAPL, FAST,
LLTC, AKAM, BMC, FFIV, XRAY, BRCM, CELG, GILD, ALXN, ATVI, CTXS, EBAY, SHLD,
SBAC, QCOM, EQIX, ADSK, AMGN, SYMC, MCIM, NWSA
Four-Week Intermediate Term Market Trend: Down
Five-day Short Term Market Trend: Up
