Five of nine sectors moved higher on
Tuesday… XLE, XLY and XLK were
the strongest sectors…XLI was the
weakest sector.
Breadth weakened…decliners
led advancers…1.54 to 1 on the NYSE and
1.09 to 1 on
the NASDAQ…
Tuesday
– weakened, decliners led
Monday – strengthened,
advancers led
Friday – weakened,
advancers led
Thursday – strengthened,
advancers led
Wednesday – weakened
slightly, advancers led
SPY
down .15…volume 154.8 million shares
VIX
up .07 at 16.44…
TNX
down .21 at 24.69…
TLT
down .07 at 110.34...
XLF
up .02 at 19.53…volume 60.3 million shares
AAPL up 9.27 at 418.49…volume
16.7 million shares
FB
down .40 at 24.41…volume 18.3 million shares
Technical Commentary:
QQQ + 0.04%, IWM – 0.07%, SPY – 0.09%, DIA
- 0.33%.
AAPL gained for a third straight session after gaining 9.27
today to close at 418.49.
X was up 8.33% on Tuesday or 1.48 and is near a horizontal
breakout of mid-May with higher than normal volume.
PWRD gained for a sixth straight session closing up 1.58 or
8.66% on heavy volume.
CREE closed above its horizontal resistance and is close to
its high of December 2010 closing up 2.44 or 3.80%.
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, ATVI,
DELL, ESRX, ROST, SBUX, SNDK, WDC, WFM, ANGI, CMG, SCSS, STI,
Diagonal Breakout: AAPL,
CTSH, GOOG, NFLX, NUAN, SYMC, TXN, XLNX, ALK, BAC, C, CLF, DDD, FAS, GLW, NFLX,
SSYS, SWI, TLT, UAL,
Bull Flag: MSFT, TBT,
Potential Bullish Divergence: ADSK, NVDA,
Gap Up:
Gap Down:
Bear Flag: FFIV,
At Support: AMGN, BIDU,
INTC, ATI, GMCR,
Moves
New Highs: AMZN,
PCLN, F, GRPN, NTES, P, PWRD, SPLK, TSLA, XONE, ZION
Gap Up:
Gap Down:
H&D Breakout: CELG, SIRI, CREE, TPX,
Breakout Test:
Bounce: UNG,
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
41 of 100 Leading NDX stocks closed higher on Tuesday…and one was unchanged.
Leading NDX 100 stocks included:
AVGO, AAPL, SIRI, LBTYA, SPLS, NWSA, WFM, LMCA, NTAP, CELG, GILD, KRFT
Lagging NDX stocks included:
GRMN, BIDU, GOLD, WYNN, FB, MYL, AMGN, MAT, NFLX, EXPD, INTU, MSFT
Leading stocks > +2% on Tuesday included: X, CREE, ANR, TSL, GRPN, UCO, F, HLF,
URE, CMG
Lagging stocks < -2.0% included: GMCR, BBRY, LDK, UAL, CDE, HUM, LVS
Stocks to Watch on Wednesday
Holding Above 30 DMA= 51
MU, SPLS, AVGO, CSCO, ISRG, AMZN,
DLTR, ADBE, 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,
CMCSA, GOOG, HSIC, DISCA, VRSK, ADP, ALXN, CERN, CHKP, CTSH, DTV, EBAY, FOSL,
NTAP, SYMC, WFM, WDC, NFLX
Moving Above 30 DMA = 5
BMC, CELG, DELL, ESRX, SIRI
Moving Below 30 DMA = 3
EXPD, LIFE, XLNX
Staying Below 30 DMA
MYL, COST, FISV, PAYX, AMAT, INTC,
KLAC, MSFT, NVDA, ADI, CTRX, CHRW, NUAN, ORCL, WYNN, YHOO, MDLZ, BIDU, GOLD,
SIAL, TXN, BIIB, REGN, AAPL, FAST, LLTC, AKAM, FFIV, XRAY, BRCM, GILD, ATVI,
CTXS, SHLD, SBAC, QCOM, EQIX, ADSK, AMGN, MXIM, NWSA
Four-Week Intermediate Term Market Trend: Neutral
Five-day Short Term Market Trend: Up
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