All nine sectors moved higher on
Thursday… XLB, XLU and XYE were
the strongest sectors…XLI was the
weakest sector.
Breadth strengthened…advancers
led decliners…1.32 to 1 on the NYSE and 1.94 to 1 on
the NASDAQ…
Thursday
– strengthened, advancers led
Wednesday – weakened,
decliners led
Tuesday – weakened,
mixed
Monday – strengthened,
advancers led
Friday – weakened, mixed
SPY
up .41…volume 111.1 million shares
VIX
down .21 at 12.97…
TNX
up .19 at 26.07…
TLT
down .04 at 107.48...
XLF
up .02 at 20.66…volume 37.5 million shares
AAPL
down 2.01 at 438.50…volume8.1
million shares
FB
up 7.85 at 34.36…volume 365.5 million shares
Technical Commentary:
IWM + 0.92%, QQQ + 0.63%, SPY + 0.24%, DIA + 0.01%.
FB had an outstanding day today. For the first time, investors are beginning
to believe in FB’s ability to monetize their approximately 1 billion
users. FB closed up 7.85 or 29.61% after positive earnings reported
closing the day with 365.5 million shares traded closing at 34.35.
FFIV likewise
had a positive earnings report and gapped up to close up 5.87 or 7.21% on
7.3 million shares. BIDU gapped
after posting positive earnings report.
BIDU traded 21.6 million shares closing up 12.48 or 11.01% and
is close to its horizontal breakout of mid-August 2012.
CROX gapped
down after negative earnings report to close down 3.43
or 20.20%.
Earnings announcements accelerate as the third of earnings season begins on Monday. Chart Signals
is focusing on stocks with
announcements and stocks that have had a positive earnings reactions over the
past two weeks.
This Week Earnings of Interest
Monday – HAL, HAS, KMB, MCD, NFLX,
TXN, ZION
Tuesday – AKS, ALTR, MO, AAPL, DD,
EA, FCX, JNPR, LLTC, NSC, PCAR, PNRA, BTU, RSH, RF, TRV, UPS, UTX, USNA, VLO,
VMW
Wednesday – AKAM, ATI, ABC, ANGI,
BIDU, BA, CA, COG, CAT, CTXS, CROX, DAL, ETFC, LLY, EMC, EQIX, FFIV, FB, LVS,
MCO, ORLY, QCOM, RYL, STX, SAVE, LCC, V, WDC
Thursday – MMM, ALK, ALXN, AMZN,
BIIB, BMY, CELG, CERN, CB, CRUS, CLF, DECK, DOWN, DNKN, EXPE, GILD, IP, ESI,
KLAC, MXIM, POT, PCP, RCL, SWI, TPX, HSY, UA, UAL
Friday – DLR, SWK, WLB
Q2 Earnings Reactions
Positive Reactions – FB, BIDU, TRIP, CTXS, FFIV, AAPL, EA,
VMW, EMC, LLY, MCO, AKS, FCX,
BTU, UTX, HAS, TXN, GE, HON, SLB, STI, WHR, CHKP, CMG, JCI, KEY,
MS, OSTK, SWKS, UNP, UNH, BAC, IBM, SNDK, XLNX, CSX, GS, URI, YHOO, C, WFC
Negative Reactions – EQIX, ABC, CROX, ATI, CAT, PNRA, NSC,
USNA, TRV, MCD, MO, NFLX, ZION, BHI,
AMD, GOOG, ISRG, MSFT, EBAY, INTC, MAT, SCSS, USB, AXP, KO, MOS
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.
The Market Forecast Green Line and is in the upper
zone.
____________________
Setups
H Breakout: AMGN, BBBY, PCLN, SYMC, XLNX, ESI, SOHU, TBT,
TIF,
Diagonal Breakout: AAPL,
Bull
Flag: ADBE, AMAT, CTSH, DTV, ESRX, GRMN, MNST, MYL, NFLX, ROST, SBUX, SNDK, ALK,
BAC, C, CLF, CREE, FAS, FIVE, GS, LVS, SPY,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: SHLD,
Moves
New Highs: CELG, GILD, SIRI, JNPR, SPLK, Z
Gap Up: BIDU, FB, FFIV, LNKD, SINA,
Gap Down: GOOG, MSFT, WDC, ANGI,
H&D Breakout: CNX, GME,
Breakout Test:
Bounce: YHOO, ATI, CMG, JCP, P,
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
67 of 100 Leading NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included:
FB, BIDU, FFIV, ORLY, CELG, QCOM, AKAM, VRTX, AMGN, SIRI, SPLS, SBUX,
NFLX, LMCA, XLNX
Lagging NDX stocks included:
WDC, STX, EQIX, ISRG, ALXN, MSFT, CMCSA, GOOG, SBAC, ATAVI, EBAY
Leading stocks > +2% on Thursday included: CRUS,
V, YELP, SINA, SSYS, LNKD, TSL ESI, CRM, ATI
Lagging stocks < -2.0% included: CROX,
ANR, F
Stocks to Watch on Friday
Holding Above 30 DMA= 81
TSLA, SPLS, CSCO, AMZN, DLTR,
ADBE, INTU, BBBY, EXPE, MCHP, PCLN,
SRCL, VRTX, ALTR, CA, FB, FOXA, KRFT, LBTYA, LINTA, LMCA, MNST, ORLY,
PCAR, ROST, VIAB, VOD, CMCSA, DISCA, HSIC, VRSK, ADP, ALXN, CHKP, CTSH, DTV,
FOSL, NFLX, NTAP, SYMC, WFM, BMC, CELG, ESRX, ADI, FISV, LLTC, XLNX, ATVI,
BIIB, CHRW, COST, CTXS, EXPD, GILD, LIFE, MYL, NUAN, PAYX, TXN, XRAY, SIAL,
SIRI, AKAM, AMAT, GRMN, KLAC, YHOO, AMGN, REGN, SBAC, ADSK, BIDU, CERN, FFIV,
MDLZ, CTRX, SNDK, GOLD, QCOM, AAPL
Moving Above 30 DMA = 1
FAST, SBUX
Moving Below 30 DMA = 5
GOOG, SNDK, WYNN, EQIX, WDC
Staying Below 30 DMA
AVGO, SHLD, EBAY, MSFT, NVDA,
MXIM, BRCM, MAT, DELL, ISRG, INTC
Four-Week Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral
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