Five of nine sectors moved higher on
Wednesday… XLY, XLI and XLE were
the strongest sectors…XLU was the
weakest sector.
Breadth strengthened…advancers
led decliners…1.06 to 1 on the NYSE and 1.37 to 1 on
the NASDAQ…
Wednesday
– strengthened, advancers led
Tuesday – strengthened,
advancers led
Monday - weakened,
decliners led
Friday – weakened,
decliners led
Thursday – strengthened,
advancers led
SPY
up .12…volume 142.3 million shares
VIX
up .06…at 13.45…
TNX
down .10 at 25.93…
TLT
up .39 at 107.70...
XLF
up .01 at 20.49…volume 45.6 million shares
AAPL
down .79 at 452.53…volume
11.5 million shares
FB
down .83 at 36.80…volume 154.7 million shares
Technical Commentary:
QQQ + 0.19%, IWM + 0.17%, SPY + 0.07%, DIA
- 0.05%.
FB closing in on 38.00 IPO closed down .82 or 2.20% today. SYMC
gapped up today on positive earnings
report up 2.33 or 9.57% likewise GRMN
gapped up closing up 2.82 or 7.57%.
HLF reported
earnings and had a positive reaction closing up 5.46%
or 9.09%.
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, BBBY, CSCO, NTAP, NVDA, ROST, SHLD, TXN,
WFM, ATI, CREE, FSLR, GMCR, LVS, RCL, SCTY, SPY, STI, TBT, TIF, YELP,
Diagonal Breakout: GOOG, INTC, MU, ALK, MFRM,
Bull
Flag: ADSK, AMZN, ATVI, DTV, GILD, SBUX, SIRI, CLF, DDD, ESI, FAS, NTES, SOHU, UAL,
Z,
Potential Bullish Divergence:
Gap Up: GRMN,
Gap Down:
Bear Flag:
At Support: ANGI, TLT,
Moves
New Highs: CELG, MYL, XLNX, CMG, GME, KKD, SINA,
Gap Up: CMCSA, SYMC,
Gap Down:
H&D Breakout: FAST, WYNN,
Breakout Test:
Bounce: NUAN, SNDK, BAC, C, GS, PWRD, ZIONS,
MACD Divergence Bounce:
Bear Flag:
Support Break: FIVE, JCP,
______________________
49 of 100 Leading NDX stocks closed higher on Wednesday.
Leading NDX 100 stocks included: SYMC, GRMN, VRSK, CMCSA, MU,
FISV, SHLD, CTRX, CTXS, TSLA
Lagging NDX stocks included:
ADSK, AMGN, VRTX, FB, SBAC, GOSL, DISCA, DELL, REGN, PCLN
Leading stocks > +2% on Wednesday included: HLF, MCP, UCO, HUM
Lagging stocks < -2.0% included: RVBD,
MOS, URE, ESI, AKS, X
Stocks to Watch on Thursday
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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