Three of nine sectors moved higher on
Tuesday… XLB, XLU and XLE were
the strongest sectors…XLK was the
weakest sector.
Breadth weakened…advancers
led decliners…1.30 to 1 on the NYSE and decliners
led advancers 1.15 to
1 on the NASDAQ…
Tuesday
– weakened, mixed
Monday – strengthened,
advancers led
Friday – weakened, mixed
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
SPY
down .36…volume 80.8 million shares
VIX
up .37 at 12.66…
TNX
up .28 at 25.16…
TLT
down .46 at 108.90...
XLF
down .08 at 20.70…volume 30.1 million shares
AAPL
down 7.32 at 418.99…volume
13.1 million shares
FB
up .08 at 26.13…volume 28.2 million shares
Technical Commentary:
DIA + 0.25%, QQQ – 0.74%, SPY – 0.21%, IWM – 0.07%.
Broad markets seemed to be hold waiting for AAPL earnings as the SPY
traded only 80.8 million shares continuing the light volume pattern of the
past week. The real action both positive
and negative is in those stocks that are reporting earnings. Follow the reactions each day in our Q2 Earnings Reactions
list below.
AAPL +16.39 in
after-hours trading reported better than expected results after the close on
Tuesday.
BTU +5.02% reported
positive results before the open which lifted other coal stocks and the coal ETF…JRCC
+5.94%, ACI +4.48%, WLT +4.37%, CLF +4.13%, ANR +3.89%, KOL +2.31% and CNX +1.63%.
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 – AAPL, EA, VMW, 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 – PNRA, TRV, MCD, 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 is in the upper zone.
____________________
Setups
H Breakout: FB, ROST, ATI, C, CLF, ESI, F, GS, SPLK, SWI,
UAL,
Diagonal Breakout: GRMN, ORCL, QCOM, WYNN, ANR,
Bull
Flag: AAPL, AKAM, AMAT, AMGN, AMZN, FFIV,
NFLX, WFM, YHOO, ANGI, DNKN, GME, LNKD, SINA, SOHU,
Potential Bullish Divergence:
Gap Up: AAPL, EA, VMW
Gap Down: PNRA,
Bear Flag:
At Support: INTC, SHLD,
P, VECO,
Moves
New Highs: JNPR, PWRD,
Gap Up: TXN,
Gap Down: BRCM, ZION,
H&D Breakout: GLD,
Breakout Test:
Bounce:
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
26 of 100 Leading NDX stocks closed higher on Tuesday and one was unchanged.
Leading NDX 100 stocks included:
TXN, MDLZ, ADI ,GOLD, COST, LINTA, MAT, VOD, DISCA, ORCL,MCHP, LLTC,
VIAB
Lagging NDX stocks included:
NFLX, BRCM, SHLD, BBIB, REGN, STX, WDC, ALXN, CHKP, CELG, AMGN, EXPD, SNDK
Leading stocks > +2% on Tuesday included: MCP, X, CLF, ANR, AKS, ESI, FCX, JNPR,
CROX
Lagging stocks < -2.0% included: JDSU,
ZION, SSYS, YELP, VECO
Stocks to Watch on Wednesday
Holding Above 30 DMA= 88
SPLS, CSCO, AMZN, DLTR, ADBE,
INTU, SBUX, BBBY, EXPE, MCHP, PCLN,
SRCL, VRTX, ALTR, CA, LINTA, MNST, ORLY, PCAR, ROST, STX, VOD, VIAB, FB,
LBTYA, KRFT, LMCA, FOXA, CMCSA, GOOG, HSIC, DISCA, VRSK, ADP, ALXN, CHKP, CTSH, DTV,
FOSL, NTAP, SYMC, WFM, WDC, NFLX, BMC, CELG, ESRX, FISV, LLTC, XLNX, ADI, ATVI,
BIIB, CHRW, COST, CTXS, EXPD, GILD, LIFE, MYL, NUAN, PAYX, XRAY, TXN, SIAL, SIRI,
AKAM, AMAT, GRMN, KLAC, YHOO, AMGN, EQIX, REGN, SBAC, AAPL, ADSK, BIDU, CERN,
FFIV, MDLZ, WYNN, FAST, MU, SNDK, CTRX, GOLD QCOM, ORCL
Moving Above 30 DMA = 0
Moving Below 30 DMA = 3
AAPL, AVGO, SHLD
Staying Below 30 DMA
EBAY, MSFT, NVDA, MXIM, BRCM, MAT,
DELL, ISRG, INTC
Four-Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up
1 comment:
Thanks Dave for your continued helpful insights.
Post a Comment