Four of nine sectors moved higher on
Tuesday… XLK, XLI and XLU were
the strongest sectors…XLY was the
weakest sector.
Breadth strengthened…advancers
led decliners…1.04 to 1 on the NYSE and 1.07 to 1 on
the NASDAQ…
Tuesday
– strengthened, advancers led
Monday - weakened,
decliners led
Friday – weakened,
decliners led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
SPY
unchanged…volume 85.1 million shares
VIX
unchanged…at 13.39…
TNX
up .18 at 26.03…
TLT
down .04 at 107.31...
XLF
down .05 at 20.48…volume 24 million shares
AAPL
up 5.53 at 453.32…volume
11 million shares
FB
up 2.20 at 37.63…volume 173.4 million shares
TSLA 131.74, -2.88, -2.14% on 13.1 million shares
Technical Commentary:
QQQ + 0.53%, IWM + 0.09%, DIA - 0.01%, SPY
– 0.00%.
The NDX led the broad
markets on strength from AAPL, FB, MSFT, GOOG, CSCO, AMGN, ALXN and
CELG. While the SPY and
DIA were flat, positive earnings reactions included MTW, VRTX and
WYNN. After the close positive
reactions occurred in QCOR, FISV and BWLD.
Tuesday saw negative reactions from ESRX, COH, DISCA and
X. After the close RVBD and
AMGN joined the hit list.
FB closed at 37.62
just 61 cents below its IPO close at 38.23 on May 18, 2012. July 25 is a day to remember in FB
+2.19, +6.20%
history. FB proved last
Thursday that they were making significant process monetizing both their one
billion plus user base and the mobile app space. In the past four trading sessions 799.68
million shares have traded hands at an average price of $35.35
representing total dollar value of $28.268 billion. And to think that’s nothing compared to what
the big money institutions have available to invest. Who thinks that FB could trade as high as
$133 per share in the next two years?
Time will tell.
Earnings announcements continue as the fourth week 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 – ESRX, MTW, SOHU, VECO,
VRTX, WYNN
Tuesday – DDD, AET, AMGN, ACI,
BWLD, COH, GLW, DISCA, FISV, MDC, NYX, QCOR, RVBD, X
Wednesday – CMCSA, CTRP, GRMN, HES, HUM, LRCX, MA, MCHP,
SODA, WFM, YELP
Thursday – ATVI, AIG, APA, ADP,
BZH, CME, CTRX, CHK, COP, XRAY, XOM, K, KRFT, LNKD, MELI, MYL, NUS, ZAGG, DTV
Friday – ANR, EAT, CBOE, CVX,
VIAB, YOKU
Q2 Earnings Reactions
Positive Reactions – QCOR, FISV, BWLD, MTW, VRTX, WYNN, SWK, SBUX, ALK, AMZN, CELG, CB, CLF, GILD, IP, MXIM,
RCL, HSY, UA, UAL, V, FB, BIDU, TRIP, COG, CTXS, ETFC, FFIV,
AKAM, AAPL, EA, VMW, DAL, LCC, 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 – RVBD, X, COH, DISCA, ESRX, SOHU, DLR, CERN, CRUS, DECK, DNKN, EXPE, KLAC, POT, PCP,
SWI, TPX, EQIX, ABC, CROX, ANGI, ATI, CAT, WDC, PNRA, STX, 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: AAPL, AKAM, AMAT, AMGN, COST, CSCO, DTV, FAST, GRMN,
ROST, SYMC, WFM, ATI, GRMN, CMG,
CREE, FIVE, LVS, RAX, RCL, SPY, TIF,
Diagonal Breakout: GOOG, INTC, NVDA, SHLD, WYNN, FSLR, GLD, JCP,
SCTY, TLT,
Bull
Flag: ADBE, AMZN, CMCSA, GILD, MNST, PCLN, SBUX, SIRI, ALK, C, ESI, FAS, GRPN, GS,
NTES, PWRD, SOHU, SPLK, Z
Potential Bullish Divergence:
Gap Up: QCOR, FISV, BWLD
Gap Down: RVBD, AMGN
Bear Flag:
At Support: MU, ANGI,
Moves
New Highs: CELG, GME, SINA,
Gap Up: CRM,
Gap Down: COH, SNDK,
H&D Breakout: QCOM,
Breakout Test:
Bounce: BRCM, MSFT, STX, WDC, MFRM, TPX,
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
69 of 100 Leading NDX stocks closed higher on Tuesday.
Leading NDX 100 stocks included: ALXN, FB, WDC, EXPE, VRTX, FAST,
STX, CTXS, SPLS, CERN
Lagging NDX stocks included:
DISCA, ESRX, TSLA, MDLZ, FOXA, CMCSA, SNDK, LMCA, ISRG, AMZN, MAT
Leading stocks > +2% on Tuesday included: TPX, CRUS, SINA, LVS, DECK
Lagging stocks < -2.0% included: MOS,
COH, X, SSYS, LDK, ANR, UCO, GRPN, TSLA
Stocks to Watch on Wednesday
Holding Above 30 DMA= 75
TSLA, SPLS, CSCO, AMZN, DLTR,
ADBE, INTU, BBBY, MCHP, PCLN, SRCL, ALTR, CA, LINTA, ORLY, PCAR, ROST, VOD,
VIAB, FB, LBTYA, KRFT, LMCA,CMCSA, HSIC, VRSK, ADP, ALXN, CHKP, CTSH, FOSL,
NTAP, SYMC, WFM, NFLX, BMC, CELG, ESRX, FISV, LLTA, XLNX, ADI, ATVI, CHRW,
COST, CTXS, EXPD, GILD, LIFE, MYL, PAYX, XRAY, TXN, SIAL, AKAM, AMAT, GRMN,
KLAC, YHOO, AMGN, REGN, ADSK, BIDU, FFIV, MDLZ, CTRX, GOLD, QCOM, AAPL, FAST,
SBUX, MXIM, WYNN, SHLD
Moving Above 30 DMA = 1
CERN, NVDA, WDC
Moving Below 30 DMA =5
DTV, MNST, DISCA, SBAC, FOXA
Staying Below 30 DMA
BIIB, EXPE, NUAN, VRTX, GOOG,
SNDK, EQIX, MU, STX, AVGO, SHLD, EBAY, MSFT, BRCM, MAT, DELL, ISRG, INTC
Four-Week Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral
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